Key Points
- EVP Justin Dougherty sold 3,000 shares on Feb. 11 at an average price of $143.16 for $429,480, cutting his ownership by 33.8% to 5,876 shares (disclosed in an SEC filing).
- Cirrus Logic beat Q3 expectations, reporting $2.97 EPS vs. $2.37 expected and $580.6M revenue vs. $531.4M, with roughly 20% net margin and return on equity.
- The stock carries a consensus “Moderate Buy” with an average target of $145.43, trades near its 52‑week high (~$146.88), and has a market cap of about $7.38 billion (P/E ~19.1).
Cirrus Logic, Inc. (NASDAQ:CRUS - Get Free Report) EVP Justin Dougherty sold 3,000 shares of the company's stock in a transaction on Wednesday, February 11th. The shares were sold at an average price of $143.16, for a total value of $429,480.00. Following the transaction, the executive vice president directly owned 5,876 shares in the company, valued at approximately $841,208.16. The trade was a 33.80% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link.
Cirrus Logic Stock Performance
NASDAQ CRUS opened at $144.63 on Friday. Cirrus Logic, Inc. has a one year low of $75.83 and a one year high of $146.88. The stock has a 50-day moving average of $126.42 and a 200 day moving average of $121.52. The company has a market capitalization of $7.38 billion, a price-to-earnings ratio of 19.06 and a beta of 1.12.
Cirrus Logic (NASDAQ:CRUS - Get Free Report) last posted its earnings results on Tuesday, February 3rd. The semiconductor company reported $2.97 earnings per share (EPS) for the quarter, beating the consensus estimate of $2.37 by $0.60. Cirrus Logic had a net margin of 20.47% and a return on equity of 20.41%. The business had revenue of $580.62 million for the quarter, compared to analysts' expectations of $531.43 million. During the same quarter in the prior year, the business earned $2.51 EPS. The business's revenue for the quarter was up 4.5% compared to the same quarter last year. On average, equities analysts predict that Cirrus Logic, Inc. will post 5.63 earnings per share for the current fiscal year.
Wall Street Analyst Weigh In
A number of brokerages have weighed in on CRUS. Wall Street Zen lowered shares of Cirrus Logic from a "strong-buy" rating to a "buy" rating in a research note on Saturday, November 8th. Williams Trading set a $150.00 price objective on Cirrus Logic in a report on Wednesday, November 5th. Zacks Research upgraded Cirrus Logic from a "hold" rating to a "strong-buy" rating in a research report on Monday, October 27th. KeyCorp raised their target price on Cirrus Logic from $135.00 to $150.00 and gave the stock an "overweight" rating in a research report on Wednesday, November 5th. Finally, Benchmark upped their price target on shares of Cirrus Logic from $150.00 to $160.00 and gave the company a "buy" rating in a research report on Wednesday, February 4th. One equities research analyst has rated the stock with a Strong Buy rating, four have given a Buy rating and three have given a Hold rating to the stock. Based on data from MarketBeat, Cirrus Logic presently has a consensus rating of "Moderate Buy" and an average target price of $145.43.
Check Out Our Latest Report on Cirrus Logic
Institutional Trading of Cirrus Logic
Several hedge funds have recently bought and sold shares of CRUS. Hantz Financial Services Inc. raised its stake in shares of Cirrus Logic by 1,660.0% in the second quarter. Hantz Financial Services Inc. now owns 264 shares of the semiconductor company's stock worth $28,000 after buying an additional 249 shares during the period. Kohmann Bosshard Financial Services LLC purchased a new stake in Cirrus Logic in the 4th quarter worth approximately $33,000. Torren Management LLC purchased a new stake in Cirrus Logic in the 4th quarter worth approximately $35,000. Kestra Advisory Services LLC bought a new stake in Cirrus Logic during the 4th quarter worth approximately $36,000. Finally, Abich Financial Wealth Management LLC purchased a new position in Cirrus Logic during the third quarter valued at approximately $46,000. Institutional investors own 87.96% of the company's stock.
Cirrus Logic Company Profile
(
Get Free Report)
Cirrus Logic, Inc, headquartered in Austin, Texas, is a fabless semiconductor company specializing in high-precision analog and mixed-signal processing solutions. The firm develops low-power, high-performance audio, voice, and power management integrated circuits, serving prominent consumer electronics OEMs. Its semiconductor devices are designed to enhance audio quality, battery life, and system integration in mobile phones, tablets, wireless headsets and other portable devices.
The company's product portfolio includes digital-to-analog converters (DACs), analog-to-digital converters (ADCs), audio codecs, power management ICs, voice processors and integrated amplifiers.
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