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Cirrus Logic

Cirrus Logic Inc is a provider of integrated circuits for audio and voice signal processing applications. The firm's products are organized into two streams: portable audio products, and HPMS Products. These products include aAmplifiers, codecs, smart codecs, analog-to-digital converters, digital-to-analog converters and standalone digital signal processors, Camera controllers, haptics and sensing solutions, and battery and power ICs. Roughly half of the firm's revenue is generated in China, with the rest coming from the United States, Europe, South Korea, and countries across the world.

Cirrus Logic Inc

Crust Network

Stifel analyst Tore Svanberg maintains Cirrus Logic (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/CRUS#NASDAQ">CRUS</a>) with a Buy and lowers the price target from $165 to $140.

News

Price Target

Analyst Ratings

CRUS

Stifel Maintains Buy on Cirrus Logic, Lowers Price Target to $140

Cirrus Logic (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/CRUS#NASDAQ">CRUS</a>) has been analyzed by 4 analysts in the last three months, revealing a diverse range of perspectives from bullish to bearish.
The following table encapsulates their recent ratings, offering a glimpse into the evolving sentiments over the past 30 days and comparing them to the preceding months.
<table>
<thead>
<tr>
<th></th>
<th style="text-align: right;">Bullish</th>
<th style="text-align: right;">Somewhat Bullish</th>
<th style="text-align: right;">Indifferent</th>
<th style="text-align: right;">Somewhat Bearish</th>
<th style="text-align: right;">Bearish</th>
</tr>
</thead>
<tbody>
<tr>
<td>Total Ratings</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">2</td>
<td style="text-align: right;">2</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
</tr>
<tr>
<td>Last 30D</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">1</td>
<td style="text-align: right;">1</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
</tr>
<tr>
<td>1M Ago</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">1</td>
<td style="text-align: right;">1</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
</tr>
<tr>
<td>2M Ago</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
</tr>
<tr>
<td>3M Ago</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
</tr>
</tbody>
</table>
Analysts have recently evaluated Cirrus Logic and provided 12-month price targets. The average target is $130.0, accompanied by a high estimate of $160.00 and a low estimate of $105.00. A negative shift in sentiment is evident as analysts have decreased the average price target by 12.61%. 
<img src="https://www.benzinga.com/files/images/story/2024/1730818902_0.png" alt="price target chart" />
<h2>Diving into Analyst Ratings: An In-Depth Exploration</h2>
An in-depth analysis of recent analyst actions unveils how financial experts perceive Cirrus Logic. The following summary outlines key analysts, their recent evaluations, and adjustments to ratings and price targets.
<table>
<thead>
<tr>
<th>Analyst</th>
<th>Analyst Firm</th>
<th>Action Taken</th>
<th>Rating</th>
<th>Current Price Target</th>
<th>Prior Price Target</th>
</tr>
</thead>
<tbody>
<tr>
<td>Tom O'Malley</td>
<td>Barclays</td>
<td>Lowers</td>
<td>Equal-Weight</td>
<td>$105.00</td>
<td>$120.00</td>
</tr>
<tr>
<td>Christopher Rolland</td>
<td>Susquehanna</td>
<td>Lowers</td>
<td>Positive</td>
<td>$135.00</td>
<td>$160.00</td>
</tr>
<tr>
<td>Christopher Rolland</td>
<td>Susquehanna</td>
<td>Lowers</td>
<td>Positive</td>
<td>$160.00</td>
<td>$175.00</td>
</tr>
<tr>
<td>Tom O'Malley</td>
<td>Barclays</td>
<td>Lowers</td>
<td>Equal-Weight</td>
<td>$120.00</td>
<td>$140.00</td>
</tr>
</tbody>
</table>
<h3>Key Insights:</h3>
<ul>
<li>Action Taken: In response to dynamic market conditions and company performance, analysts update their recommendations. Whether they 'Maintain', 'Raise', or 'Lower' their stance, it signifies their reaction to recent developments related to Cirrus Logic. This insight gives a snapshot of analysts' perspectives on the current state of the company.</li>
<li>Rating: Offering insights into predictions, analysts assign qualitative values, from 'Outperform' to 'Underperform'. These ratings convey expectations for the relative performance of Cirrus Logic compared to the broader market.</li>
<li>Price Targets: Gaining insights, analysts provide estimates for the future value of Cirrus Logic's stock. This comparison reveals trends in analysts' expectations over time.</li>
</ul>
Considering these analyst evaluations in conjunction with other financial indicators can offer a comprehensive understanding of Cirrus Logic's market position. Stay informed and make well-informed decisions with our Ratings Table.
<a href="https://www.benzinga.com/quote/CRUS/analyst-ratings?utm_source=Benzinga Insights">Stay up to date on Cirrus Logic analyst ratings.</a>
<h2>About Cirrus Logic</h2>
Cirrus Logic Inc is a provider of integrated circuits for audio and voice signal processing applications. The firm's products are organized into two streams: portable audio products, and HPMS Products. These products include aAmplifiers, codecs, smart codecs, analog-to-digital converters, digital-to-analog converters and standalone digital signal processors, Camera controllers, haptics and sensing solutions, and battery and power ICs. Roughly half of the firm's revenue is generated in China, with the rest coming from the United States, Europe, South Korea, and countries across the world.
<h3>Financial Milestones: Cirrus Logic's Journey</h3>
Market Capitalization: With restricted market capitalization, the company is positioned below industry averages. This reflects a smaller scale relative to peers.
Revenue Growth: Cirrus Logic's revenue growth over a period of 3 months has been noteworthy. As of 30 June, 2024, the company achieved a revenue growth rate of approximately 17.98%. This indicates a substantial increase in the company's top-line earnings. As compared to its peers, the revenue growth lags behind its industry peers. The company achieved a growth rate lower than the average among peers in Information Technology sector.
Net Margin: Cirrus Logic's financial strength is reflected in its exceptional net margin, which exceeds industry averages. With a remarkable net margin of 11.25%, the company showcases strong profitability and effective cost management.
Return on Equity (ROE): Cirrus Logic's ROE excels beyond industry benchmarks, reaching 2.3%. This signifies robust financial management and efficient use of shareholder equity capital.
Return on Assets (ROA): Cirrus Logic's financial strength is reflected in its exceptional ROA, which exceeds industry averages. With a remarkable ROA of 1.87%, the company showcases efficient use of assets and strong financial health.
Debt Management: The company maintains a balanced debt approach with a debt-to-equity ratio below industry norms, standing at 0.08.
<h2>The Significance of Analyst Ratings Explained</h2>
Analysts are specialists within banking and financial systems that typically report for specific stocks or within defined sectors. These people research company financial statements, sit in conference calls and meetings, and speak with relevant insiders to determine what are known as analyst ratings for stocks. Typically, analysts will rate each stock once a quarter. 
Some analysts will also offer forecasts for metrics like growth estimates, earnings, and revenue to provide further guidance on stocks. Investors who use analyst ratings should note that this specialized advice comes from humans and may be subject to error.
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This article was generated by Benzinga's automated content engine and reviewed by an editor.

The Analyst Landscape: 4 Takes On Cirrus Logic

WIIM

Cirrus Logic shares are trading lower following Q2 earnings.

Barclays analyst Tom O'Malley maintains Cirrus Logic (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/CRUS#NASDAQ">CRUS</a>) with a Equal-Weight and lowers the price target from $120 to $105.

Barclays Maintains Equal-Weight on Cirrus Logic, Lowers Price Target to $105

U.S. stock futures were slightly higher this morning, with the Dow futures gaining around 0.1% on Tuesday.
Shares of Celanese Corporation (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/CE#NYSE">CE</a>) fell sharply in today's pre-market trading after the company reported worse-than-expected third-quarter financial results and announced it intends to temporarily reduce its quarterly dividend.
Celanese reported quarterly earnings of $2.44 per share which missed the analyst consensus estimate of $2.85 per share. The company reported quarterly sales of $2.65 billion which missed the analyst consensus estimate of $2.70 billion.
Celanese shares dipped 15.8% to $103.89 in the pre-market trading session.
Here are some other stocks moving lower in pre-market trading.
<ul>
<li>Navitas Semiconductor Corporation (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/NVTS#NASDAQ">NVTS</a>) shares fell 19.4% to $2.10 in pre-market trading after the company reported weak third-quarter sales.</li>
<li>JELD-WEN Holding, Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/JELD#NYSE">JELD</a>) shares declined 18.5% to $11.51 in pre-market trading after the company reported downbeat quarterly results and lowered FY24 sales forecast.</li>
<li>Lattice Semiconductor Corporation (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/LSCC#NASDAQ">LSCC</a>) declined 18% to $42.55 in pre-market trading following soft fourth-quarter guidance.</li>
<li>Altice USA, Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/ATUS#NYSE">ATUS</a>) fell 14.3% to $2.22 in pre-market trading after the company reported weak third-quarter financial results.</li>
<li>MediaAlpha, Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/MAX#NYSE">MAX</a>) declined 13% to $13.99 in pre-market trading.</li>
<li>Tactile Systems Technology, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/TCMD#NASDAQ">TCMD</a>) fell 10.3% to $13.55 in pre-market trading after the company posted weak quarterly sales and lowered FY24 sales forecast.</li>
<li>Cirrus Logic, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/CRUS#NASDAQ">CRUS</a>) shares fell 9.7% to $99.83 in pre-market trading following second-quarter results.</li>
<li>Apellis Pharmaceuticals, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/APLS#NASDAQ">APLS</a>) dipped 9.5% to $25.84 in pre-market trading following weak quarterly results.</li>
<li>Cleveland-Cliffs Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/CLF#NYSE">CLF</a>) shares fell 6.5% to $12.26 in pre-market trading following downbeat third-quarter results.</li>
<li>Teradata Corporation (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/TDC#NYSE">TDC</a>) shares declined 5.6% to $31.51 in pre-market trading after reporting third-quarter results.</li>
</ul>
Now Read This: 
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<li><a href="https://www.benzinga.com/trading-ideas/long-ideas/24/11/41740698/top-3-health-care-stocks-youll-regret-missing-in-november">Top 3 Health Care Stocks You&#8217;ll Regret Missing In November</a></li>
</ul>

Pre-Market Outlook

Markets

Movers

Trading Ideas

APLS

ATUS

JELD

LSCC

NVTS

TCMD

Celanese Posts Downbeat Results, Joins Cirrus Logic, Teradata And Other Big Stocks Moving Lower In Tuesday's Pre-Market Session

Susquehanna analyst Christopher Rolland maintains Cirrus Logic (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/CRUS#NASDAQ">CRUS</a>) with a Positive and lowers the price target from $160 to $135.

Susquehanna Maintains Positive on Cirrus Logic, Lowers Price Target to $135

<h3>Gainers</h3>
<ul>
<li>Astera Labs (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/ALAB#NASDAQ">ALAB</a>) stock moved upwards by 27.8% to $88.98 during Tuesday's pre-market session. The market value of their outstanding shares is at $13.9 billion. As per the news, the Q3 earnings report came out yesterday. </li>
<li>Brightcove (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/BCOV#NASDAQ">BCOV</a>) stock increased by 20.09% to $2.57. The market value of their outstanding shares is at $115.1 million. As per the news, the Q3 earnings report came out yesterday. </li>
<li>Palantir Technologies (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/PLTR#NYSE">PLTR</a>) stock moved upwards by 13.49% to $47.0. The market value of their outstanding shares is at $105.2 billion. The company's, Q3 earnings came out yesterday. </li>
<li>Greenidge Generation (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/GREE#NASDAQ">GREE</a>) shares increased by 13.12% to $2.5. The company's market cap stands at $26.6 million. </li>
<li>Kingsoft Cloud Hldgs (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/KC#NASDAQ">KC</a>) shares moved upwards by 11.19% to $3.08. The market value of their outstanding shares is at $731.4 million. </li>
<li>Aurora Innovation (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/AUR#NASDAQ">AUR</a>) stock moved upwards by 10.81% to $6.15. The company's market cap stands at $10.5 billion. As per the press release, Q3 earnings came out 4 days ago. </li>
</ul>
<h3>Losers</h3>
<ul>
<li>Lattice Semiconductor (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/LSCC#NASDAQ">LSCC</a>) stock decreased by 17.5% to $42.8 during Tuesday's pre-market session. The market value of their outstanding shares is at $5.9 billion. The company's, Q3 earnings came out yesterday. </li>
<li>Navitas Semiconductor (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/NVTS#NASDAQ">NVTS</a>) stock fell 16.48% to $2.18. The company's market cap stands at $399.9 million. As per the news, the Q3 earnings report came out yesterday. </li>
<li>Cirrus Logic (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/CRUS#NASDAQ">CRUS</a>) stock decreased by 10.53% to $98.99. The market value of their outstanding shares is at $5.2 billion. As per the news, the Q2 earnings report came out yesterday. </li>
<li>T Stamp (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/IDAI#NASDAQ">IDAI</a>) stock declined by 8.17% to $0.23. The market value of their outstanding shares is at $4.2 million. </li>
<li>Verb Tech (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/VERB#NASDAQ">VERB</a>) shares fell 7.11% to $10.99. The market value of their outstanding shares is at $8.0 million. </li>
<li>Iveda Solutions (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/IVDA#NASDAQ">IVDA</a>) shares decreased by 6.42% to $1.46. The company's market cap stands at $3.2 million. 
See Also: <a href="http://www.benzinga.com/money/tech-stocks/" title="www.benzinga.com/money/tech-stocks/">www.benzinga.com/money/tech-stocks/</a></li>
</ul>
This article was generated by Benzinga's automated content engine and reviewed by an editor.

ALAB

BCOV

GREE

IDAI

IVDA

PLTR

VERB

12 Information Technology Stocks Moving In Tuesday's Pre-Market Session

<h3>Gainers</h3>
<ul>
<li>Astera Labs (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/ALAB#NASDAQ">ALAB</a>) stock increased by 27.8% to $88.98 during Tuesday's pre-market session. The company's market cap stands at $13.9 billion. As per the press release, Q3 earnings came out yesterday. </li>
<li>Brightcove (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/BCOV#NASDAQ">BCOV</a>) shares moved upwards by 20.09% to $2.57. The company's market cap stands at $115.1 million. As per the press release, Q3 earnings came out yesterday. </li>
<li>Palantir Technologies (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/PLTR#NYSE">PLTR</a>) shares moved upwards by 13.49% to $47.0. The company's market cap stands at $105.2 billion. As per the press release, Q3 earnings came out yesterday. </li>
<li>Greenidge Generation (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/GREE#NASDAQ">GREE</a>) stock moved upwards by 13.12% to $2.5. The market value of their outstanding shares is at $26.6 million. </li>
<li>Kingsoft Cloud Hldgs (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/KC#NASDAQ">KC</a>) shares increased by 11.19% to $3.08. The company's market cap stands at $731.4 million. </li>
<li>Aurora Innovation (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/AUR#NASDAQ">AUR</a>) shares increased by 10.81% to $6.15. The company's market cap stands at $10.5 billion. As per the press release, Q3 earnings came out 4 days ago. </li>
</ul>
<h3>Losers</h3>
<ul>
<li>Lattice Semiconductor (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/LSCC#NASDAQ">LSCC</a>) shares fell 17.5% to $42.8 during Tuesday's pre-market session. The company's market cap stands at $5.9 billion. The company's, Q3 earnings came out yesterday. </li>
<li>Navitas Semiconductor (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/NVTS#NASDAQ">NVTS</a>) stock fell 16.48% to $2.18. The market value of their outstanding shares is at $399.9 million. As per the news, the Q3 earnings report came out yesterday. </li>
<li>Cirrus Logic (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/CRUS#NASDAQ">CRUS</a>) shares fell 10.53% to $98.99. The company's market cap stands at $5.2 billion. As per the news, the Q2 earnings report came out yesterday. </li>
<li>T Stamp (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/IDAI#NASDAQ">IDAI</a>) stock declined by 8.17% to $0.23. The company's market cap stands at $4.2 million. </li>
<li>Verb Tech (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/VERB#NASDAQ">VERB</a>) shares declined by 7.11% to $10.99. The market value of their outstanding shares is at $8.0 million. </li>
<li>Iveda Solutions (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/IVDA#NASDAQ">IVDA</a>) stock fell 6.42% to $1.46. The company's market cap stands at $3.2 million. 
See Also: <a href="http://www.benzinga.com/money/tech-stocks/" title="www.benzinga.com/money/tech-stocks/">www.benzinga.com/money/tech-stocks/</a></li>
</ul>
This article was generated by Benzinga's automated content engine and reviewed by an editor.

Guidance

Cirrus Logic Sees Q3 2025 GAAP Operating Expenses $148M-$154M

Cirrus Logic (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/CRUS#NASDAQ">CRUS</a>) reported quarterly earnings of $2.25 per share which beat the analyst consensus estimate of $2.02 by 11.39 percent. The company reported quarterly sales of $541.86 million which beat the analyst consensus estimate of $520.48 million by 4.11 percent. This is a 12.64 percent increase over sales of $481.06 million the same period last year.

Earnings

Earnings Beats

Cirrus Logic Q2 2025 Adj EPS $2.25 Beats $2.02 Estimate, Sales $541.86M Beat $520.48M Estimate

AVGO

FSLR

INTC

MRVL

Shares of chip stocks are trading lower amid overall market weakness.

Susquehanna analyst Christopher Rolland maintains Cirrus Logic (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/CRUS#NASDAQ">CRUS</a>) with a Positive and lowers the price target from $175 to $160.

Susquehanna Maintains Positive on Cirrus Logic, Lowers Price Target to $160

Cirrus Logic's (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/CRUS#NYSE">CRUS</a>) short percent of float has risen 40.43% since its last report. The company recently reported that it has 1.63 million shares sold short, which is 4.55% of all regular shares that are available for trading. Based on its trading volume, it would take traders 2.15 days to cover their short positions on average.
<h3>Why Short Interest Matters</h3>
Short interest is the number of shares that have been sold short but have not yet been covered or closed out. <a href="https://www.benzinga.com/money/how-to-short-a-stock/">Short selling</a> is when a trader sells shares of a company they do not own, with the hope that the price will fall. Traders make money from short selling if the price of the stock falls and they lose if it rises.
Short interest is important to track because it can act as an indicator of market sentiment towards a particular stock. An increase in short interest can signal that investors have become more bearish, while a decrease in short interest can signal they have become more bullish.
See Also: <a href="https://www.benzinga.com/short-interest">List of the most shorted stocks</a>
<h3>Cirrus Logic Short Interest Graph (3 Months)</h3>
<img src="https://www.benzinga.com/files/images/story/2024/1728937827_0.png" alt="short_fig" />
As you can see from the chart above the percentage of shares that are sold short for Cirrus Logic has grown since its last report. This does not mean that the stock is going to fall in the near-term but traders should be aware that more shares are being shorted.
<h3>Comparing Cirrus Logic's Short Interest Against Its Peers</h3>
Peer comparison is a popular technique amongst analysts and investors for gauging how well a company is performing. A company's peer is another company that has similar characteristics to it, such as industry, size, age, and financial structure. You can find a company's peer group by reading its 10-K, proxy filing, or by doing your own similarity analysis.
According to <a href="https://pro.benzinga.com/">Benzinga Pro</a>, Cirrus Logic's peer group average for short interest as a percentage of float is 9.17%, which means the company has less short interest than most of its peers.
Did you know that increasing short interest can actually be bullish for a stock? <a href="https://www.benzinga.com/money/how-to-make-money-on-a-short-squeeze/">This post by Benzinga Money explains how you can profit from it.</a>
This article was generated by Benzinga's automated content engine and was reviewed by an editor.

Short Sellers

Short Ideas

Looking Into Cirrus Logic's Recent Short Interest

During the last three months, 5 analysts shared their evaluations of Cirrus Logic (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/CRUS#NASDAQ">CRUS</a>), revealing diverse outlooks from bullish to bearish.
The table below summarizes their recent ratings, showcasing the evolving sentiments within the past 30 days and comparing them to the preceding months.
<table>
<thead>
<tr>
<th></th>
<th style="text-align: right;">Bullish</th>
<th style="text-align: right;">Somewhat Bullish</th>
<th style="text-align: right;">Indifferent</th>
<th style="text-align: right;">Somewhat Bearish</th>
<th style="text-align: right;">Bearish</th>
</tr>
</thead>
<tbody>
<tr>
<td>Total Ratings</td>
<td style="text-align: right;">1</td>
<td style="text-align: right;">3</td>
<td style="text-align: right;">1</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
</tr>
<tr>
<td>Last 30D</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">1</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
</tr>
<tr>
<td>1M Ago</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
</tr>
<tr>
<td>2M Ago</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
</tr>
<tr>
<td>3M Ago</td>
<td style="text-align: right;">1</td>
<td style="text-align: right;">3</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
</tr>
</tbody>
</table>
The 12-month price targets assessed by analysts reveal further insights, featuring an average target of $153.0, a high estimate of $175.00, and a low estimate of $120.00. This current average reflects an increase of 20.47% from the previous average price target of $127.00. 
<img src="https://www.benzinga.com/files/images/story/2024/1728568911_0.png" alt="price target chart" />
<h2>Investigating Analyst Ratings: An Elaborate Study</h2>
A comprehensive examination of how financial experts perceive Cirrus Logic is derived from recent analyst actions. The following is a detailed summary of key analysts, their recent evaluations, and adjustments to ratings and price targets.
<table>
<thead>
<tr>
<th>Analyst</th>
<th>Analyst Firm</th>
<th>Action Taken</th>
<th>Rating</th>
<th>Current Price Target</th>
<th>Prior Price Target</th>
</tr>
</thead>
<tbody>
<tr>
<td>Tom O'Malley</td>
<td>Barclays</td>
<td>Lowers</td>
<td>Equal-Weight</td>
<td>$120.00</td>
<td>$140.00</td>
</tr>
<tr>
<td>John Vinh</td>
<td>Keybanc</td>
<td>Raises</td>
<td>Overweight</td>
<td>$165.00</td>
<td>$155.00</td>
</tr>
<tr>
<td>Tom O'Malley</td>
<td>Barclays</td>
<td>Raises</td>
<td>Overweight</td>
<td>$140.00</td>
<td>$110.00</td>
</tr>
<tr>
<td>Tore Svanberg</td>
<td>Stifel</td>
<td>Raises</td>
<td>Buy</td>
<td>$165.00</td>
<td>$110.00</td>
</tr>
<tr>
<td>Christopher Rolland</td>
<td>Susquehanna</td>
<td>Raises</td>
<td>Positive</td>
<td>$175.00</td>
<td>$120.00</td>
</tr>
</tbody>
</table>
<h3>Key Insights:</h3>
<ul>
<li>Action Taken: Analysts adapt their recommendations to changing market conditions and company performance. Whether they 'Maintain', 'Raise' or 'Lower' their stance, it reflects their response to recent developments related to Cirrus Logic. This information provides a snapshot of how analysts perceive the current state of the company.</li>
<li>Rating: Delving into assessments, analysts assign qualitative values, from 'Outperform' to 'Underperform'. These ratings communicate expectations for the relative performance of Cirrus Logic compared to the broader market.</li>
<li>Price Targets: Analysts gauge the dynamics of price targets, providing estimates for the future value of Cirrus Logic's stock. This comparison reveals trends in analysts' expectations over time.</li>
</ul>
Navigating through these analyst evaluations alongside other financial indicators can contribute to a holistic understanding of Cirrus Logic's market standing. Stay informed and make data-driven decisions with our Ratings Table.
<a href="https://www.benzinga.com/quote/CRUS/analyst-ratings?utm_source=Benzinga Insights">Stay up to date on Cirrus Logic analyst ratings.</a>
<h2>Get to Know Cirrus Logic Better</h2>
Cirrus Logic Inc is a provider of integrated circuits for audio and voice signal processing applications. The firm's products are organized into two streams: portable audio products, and HPMS Products. These products include aAmplifiers, codecs, smart codecs, analog-to-digital converters, digital-to-analog converters and standalone digital signal processors, Camera controllers, haptics and sensing solutions, and battery and power ICs. Roughly half of the firm's revenue is generated in China, with the rest coming from the United States, Europe, South Korea, and countries across the world.
<h3>Cirrus Logic: A Financial Overview</h3>
Market Capitalization: Indicating a reduced size compared to industry averages, the company's market capitalization poses unique challenges.
Revenue Growth: Cirrus Logic displayed positive results in 3 months. As of 30 June, 2024, the company achieved a solid revenue growth rate of approximately 17.98%. This indicates a notable increase in the company's top-line earnings. In comparison to its industry peers, the company trails behind with a growth rate lower than the average among peers in the Information Technology sector.
Net Margin: The company's net margin is a standout performer, exceeding industry averages. With an impressive net margin of 11.25%, the company showcases strong profitability and effective cost control.
Return on Equity (ROE): Cirrus Logic's financial strength is reflected in its exceptional ROE, which exceeds industry averages. With a remarkable ROE of 2.3%, the company showcases efficient use of equity capital and strong financial health.
Return on Assets (ROA): Cirrus Logic's ROA surpasses industry standards, highlighting the company's exceptional financial performance. With an impressive 1.87% ROA, the company effectively utilizes its assets for optimal returns.
Debt Management: Cirrus Logic's debt-to-equity ratio is below the industry average at 0.08, reflecting a lower dependency on debt financing and a more conservative financial approach.
<h2>The Significance of Analyst Ratings Explained</h2>
Analyst ratings serve as essential indicators of stock performance, provided by experts in banking and financial systems. These specialists diligently analyze company financial statements, participate in conference calls, and engage with insiders to generate quarterly ratings for individual stocks.
Some analysts will also offer forecasts for metrics like growth estimates, earnings, and revenue to provide further guidance on stocks. Investors who use analyst ratings should note that this specialized advice comes from humans and may be subject to error.
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This article was generated by Benzinga's automated content engine and reviewed by an editor.

Cracking The Code: Understanding Analyst Reviews For Cirrus Logic

Barclays analyst Tom O'Malley downgrades Cirrus Logic (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/CRUS#NASDAQ">CRUS</a>) from Overweight to Equal-Weight and lowers the price target from $140 to $120.

Downgrades

Barclays Downgrades Cirrus Logic to Equal-Weight, Lowers Price Target to $120

KeyBanc analyst Brandon Nispel said his September Apple Inc (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/AAPL#NASDAQ">AAPL</a>) iPhone carrier survey was slightly weaker, and Key First Look Data results were better.
The analyst&#8217;s carrier survey indicates that iPhone 16 sales in September were slightly below store expectations and normal seasonal trends.
Demand for the iPhone 16 Pro and Max remained relatively healthy, owing to camera upgrades, but the base models were still weaker.
Also Read: <a target="_blank" href="https://www.benzinga.com/news/24/10/41208411/apple-iphone-16-demand-gains-momentum-as-delivery-times-steady-analyst" rel="noreferrer noopener">Apple iPhone 16 Demand Gains Momentum As Delivery Times Steady: Analyst</a>
Store inventories are down to one day inventory outstanding&nbsp;(DOI), above prior year levels at launch. Apple AI was still a non-factor in driving near-term demand.
Key First Look Data reflects an increase in iPhone demand, with Apple Store iPhone spending growth of 15% year-on-year during the first ten days of launch and 7% growth Y/Y during the launch weekend.
Nispel&#8217;s Key First Look Data shows indexed spending growth of 22% M/M in September, above the three-year average of 2%.
The Y/Y indexed spending accelerated to 7% from a 10% decline in August. In addition, when comparing the first ten days of new iPhone availability versus the comparable prior year, results were 12% Y/Y, though tailed off quickly.
The analyst noted that the results benefitted from an additional two days of iPhone availability compared to the prior year. In addition, he noted a benefit to iPhone 15 sales before the launch of iPhone 16 and initial demand that was modestly better Y/Y.
Nispel noted that his combined September carrier survey and Key First Look results were neutral for the Apple supply chain, which included Broadcom Inc (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/AVGO#NASDAQ">AVGO</a>), Cirrus Logic, Inc (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/CRUS#NASDAQ">CRUS</a>), Qualcomm Inc (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/QCOM#NASDAQ">QCOM</a>), Qorvo, Inc (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/QRVO#NASDAQ">QRVO</a>) and Skyworks Solutions, Inc (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/SWKS#NASDAQ">SWKS</a>).
Nispel maintained his Overweight rating and a price target of $210 on Broadcom based on 36 times his fiscal 2025 consolidated EPS of $5.90. Broadcom is trading at a forward consensus P/E of 29 times, compared to a three-year historical average of 18.
The analyst reiterated his Overweight rating on Cirrus Logic with a price target of $165, based on 19 times his fiscal 2026 EPS estimate of $8.65. Cirrus Logic is trading at a consensus P/E of 16 times compared to its three-year historical forward consensus P/E of 14.
He maintained his estimates and Sector Weight rating on Qualcomm, which has a fair value of $167, based on 15 times his fiscal 2025 EPS of $10.89. Qualcomm is trading at a forward consensus P/E of 15 times, compared to a three-year historical average of 13.
Nispel reiterated his Sector Weight rating on Qorvo, which has a fair value of $100, based on 14 times his fiscal 2026 EPS estimate of $6.95. Qorvo is trading at 13 times consensus forward P/E, compared to a three-year historical average of 13.
The analyst remained Sector Weight on Skyworks Solutions with a fair value of $95, based on 15 times his 2025 EPS estimate of $6.25. Skyworks Solutions is trading at a forward P/E of 15 times, compared to a three-year historical average of 11.
Nispel&#8217;s $216 fair value on Apple is based on 21.8 times his 2025 adjusted EBITDA versus big tech comps of ~18.5 times. Apple currently trades at ~22.7 times his 2025 adjusted EBITDA.
Price Action: Apple stock is up 1.43% at $224.85 at last check Tuesday.
Photo via Apple

Analyst Color

Reiteration

Tech

AAPL

QCOM

QRVO

SWKS

Apple iPhone 16 Pro Boosts Sales, But Base Models Lag, Analyst Says

Cirrus Logic's (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/CRUS#NYSE">CRUS</a>) short percent of float has risen 10.03% since its last report. The company recently reported that it has 1.18 million shares sold short, which is 3.29% of all regular shares that are available for trading. Based on its trading volume, it would take traders 2.82 days to cover their short positions on average.
<h3>Why Short Interest Matters</h3>
Short interest is the number of shares that have been sold short but have not yet been covered or closed out. <a href="https://www.benzinga.com/money/how-to-short-a-stock/">Short selling</a> is when a trader sells shares of a company they do not own, with the hope that the price will fall. Traders make money from short selling if the price of the stock falls and they lose if it rises.
Short interest is important to track because it can act as an indicator of market sentiment towards a particular stock. An increase in short interest can signal that investors have become more bearish, while a decrease in short interest can signal they have become more bullish.
See Also: <a href="https://www.benzinga.com/short-interest">List of the most shorted stocks</a>
<h3>Cirrus Logic Short Interest Graph (3 Months)</h3>
<img src="https://www.benzinga.com/files/images/story/2024/1726159516_0.png" alt="short_fig" />
As you can see from the chart above the percentage of shares that are sold short for Cirrus Logic has grown since its last report. This does not mean that the stock is going to fall in the near-term but traders should be aware that more shares are being shorted.
<h3>Comparing Cirrus Logic's Short Interest Against Its Peers</h3>
Peer comparison is a popular technique amongst analysts and investors for gauging how well a company is performing. A company's peer is another company that has similar characteristics to it, such as industry, size, age, and financial structure. You can find a company's peer group by reading its 10-K, proxy filing, or by doing your own similarity analysis.
According to <a href="https://pro.benzinga.com/">Benzinga Pro</a>, Cirrus Logic's peer group average for short interest as a percentage of float is 4.10%, which means the company has less short interest than most of its peers.
Did you know that increasing short interest can actually be bullish for a stock? <a href="https://www.benzinga.com/money/how-to-make-money-on-a-short-squeeze/">This post by Benzinga Money explains how you can profit from it.</a>
This article was generated by Benzinga's automated content engine and was reviewed by an editor.

Cirrus Logic's (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/CRUS#NYSE">CRUS</a>) short percent of float has fallen 4.78% since its last report. The company recently reported that it has 926 thousand shares sold short, which is 2.59% of all regular shares that are available for trading. Based on its trading volume, it would take traders 1.92 days to cover their short positions on average.
<h3>Why Short Interest Matters</h3>
Short interest is the number of shares that have been sold short but have not yet been covered or closed out. <a href="https://www.benzinga.com/money/how-to-short-a-stock/">Short selling</a> is when a trader sells shares of a company they do not own, with the hope that the price will fall. Traders make money from short selling if the price of the stock falls and they lose if it rises.
Short interest is important to track because it can act as an indicator of market sentiment towards a particular stock. An increase in short interest can signal that investors have become more bearish, while a decrease in short interest can signal they have become more bullish.
See Also: <a href="https://www.benzinga.com/short-interest">List of the most shorted stocks</a>
<h3>Cirrus Logic Short Interest Graph (3 Months)</h3>
<img src="https://www.benzinga.com/files/images/story/2024/1723649416_0.png" alt="short_fig" />
As you can see from the chart above the percentage of shares that are sold short for Cirrus Logic has declined since its last report. This does not mean that the stock is going to rise in the near-term but traders should be aware that less shares are being shorted.
<h3>Comparing Cirrus Logic's Short Interest Against Its Peers</h3>
Peer comparison is a popular technique amongst analysts and investors for gauging how well a company is performing. A company's peer is another company that has similar characteristics to it, such as industry, size, age, and financial structure. You can find a company's peer group by reading its 10-K, proxy filing, or by doing your own similarity analysis.
According to <a href="https://pro.benzinga.com/">Benzinga Pro</a>, Cirrus Logic's peer group average for short interest as a percentage of float is 4.19%, which means the company has less short interest than most of its peers.
Did you know that increasing short interest can actually be bullish for a stock? <a href="https://www.benzinga.com/money/how-to-make-money-on-a-short-squeeze/">This post by Benzinga Money explains how you can profit from it.</a>
This article was generated by Benzinga's automated content engine and was reviewed by an editor.

(CRUS) - Analyzing Cirrus Logic's Short Interest

A substantial insider activity was disclosed on August 13, as Dougherty, SVP at Cirrus Logic (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/CRUS#NASDAQ">CRUS</a>), reported the exercise of a large sell of company stock options.
What Happened: Dougherty, SVP at Cirrus Logic, made a strategic move by exercising stock options for 9,203 shares of CRUS as detailed in a Form 4 filing on Tuesday with the <a href="https://www.sec.gov/Archives/edgar/data/0000772406/000127390224000070//Archives/edgar/data/772406/000127390224000070/0001273902-24-000070-index.htm">U.S. Securities and Exchange Commission</a>. The transaction value amounted to $569,710.
As of Wednesday morning, Cirrus Logic shares are up by 0.25%, with a current price of $138.0. This implies that Dougherty's 9,203 shares have a value of $569,710.
<h3>Delving into Cirrus Logic's Background</h3>
Cirrus Logic Inc is a provider of integrated circuits for audio and voice signal processing applications. The firm's products are organized into two streams: portable audio products, and HPMS Products. These products include aAmplifiers, codecs, smart codecs, analog-to-digital converters, digital-to-analog converters and standalone digital signal processors, Camera controllers, haptics and sensing solutions, and battery and power ICs. Roughly half of the firm's revenue is generated in China, with the rest coming from the United States, Europe, South Korea, and countries across the world.
<h3>Key Indicators: Cirrus Logic's Financial Health</h3>
Positive Revenue Trend: Examining Cirrus Logic's financials over 3 months reveals a positive narrative. The company achieved a noteworthy revenue growth rate of 17.98% as of 30 June, 2024, showcasing a substantial increase in top-line earnings. When compared to others in the Information Technology sector, the company excelled with a growth rate higher than the average among peers.
Analyzing Profitability Metrics:
<ul>
<li>
Gross Margin: The company maintains a high gross margin of 50.51%, indicating strong cost management and profitability compared to its peers.
</li>
<li>
Earnings per Share (EPS): Cirrus Logic's EPS is below the industry average, signaling challenges in bottom-line performance with a current EPS of 0.79.
</li>
</ul>
Debt Management: Cirrus Logic's debt-to-equity ratio is below the industry average at 0.08, reflecting a lower dependency on debt financing and a more conservative financial approach.
Valuation Analysis:
<ul>
<li>
Price to Earnings (P/E) Ratio: With a lower-than-average P/E ratio of 25.59, the stock indicates an attractive valuation, potentially presenting a buying opportunity.
</li>
<li>
Price to Sales (P/S) Ratio: The P/S ratio of 4.16 is lower than the industry average, implying a discounted valuation for Cirrus Logic's stock in relation to sales performance.
</li>
<li>
EV/EBITDA Analysis (Enterprise Value to its Earnings Before Interest, Taxes, Depreciation &amp; Amortization): With an EV/EBITDA ratio lower than industry averages at 15.62, Cirrus Logic could be considered undervalued.
</li>
</ul>
Market Capitalization Analysis: The company's market capitalization is below the industry average, suggesting that it is relatively smaller compared to peers. This could be due to various factors, including perceived growth potential or operational scale.
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<h3>Why Insider Activity Matters in Finance</h3>
While insider transactions should not be the sole basis for making investment decisions, they can play a significant role in an investor's decision-making process.
Considering the legal perspective, an "insider" is defined as any officer, director, or beneficial owner holding more than ten percent of a company's equity securities, according to Section 12 of the Securities Exchange Act of 1934. This includes executives in the c-suite and major hedge funds. These insiders are mandated to disclose their transactions through a Form 4 filing, to be submitted within two business days of the transaction.
Pointing towards optimism, a company insider's new purchase signals their positive anticipation for the stock to rise.
Nevertheless, insider sells may not necessarily indicate a bearish view and can be influenced by various factors.
<h3>Exploring Key Transaction Codes</h3>
Surveying the realm of stock transactions, <a href="https://www.benzinga.com/money/investing-tools">investors</a> often give prominence to those unfolding in the open market, systematically detailed in Table I of the Form 4 filing. A P in Box 3 indicates a purchase, while S signifies a sale. Transaction code C denotes the conversion of an option, and transaction code A denotes a grant, award, or other acquisition of securities from the company.
<a href="https://www.benzinga.com/sec/insider-trades/search/index?company_cik=0000772406">Check Out The Full List Of Cirrus Logic's Insider Trades.</a>
This article was generated by Benzinga's automated content engine and reviewed by an editor.

Insider Trades

Major Decision: Justin E Dougherty Exercises Options, Realizing $569K At Cirrus Logic

ACLS

ACMR

AMAT

AMKR

AOSL

ASML

CAMT

ENTG

KLAC

LRCX

MCHP

MKSI

MPWR

NVDA

NXPI

ONTO

RMBS

SLAB

SMTC

SYNA

WOLF

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Barclays Keeps Their Hold Rating on Cirrus Logic (CRUS)

Barclays analyst Tom O'Malley lowered the firm's price target on Cirrus Logic (CRUS) to $105 from $120 and keeps an Equal Weight rating on the shar...

Cirrus Logic price target lowered to $105 from $120 at Barclays

Susquehanna lowered the firm's price target on Cirrus Logic (CRUS) to $135 from $160 and keeps a Positive rating on the shares. The firm thinks the...

Cirrus Logic price target lowered to $135 from $160 at Susquehanna

In a report released today, Rick Schafer from Oppenheimer maintained a Hold rating on Cirrus Logic (CRUS – Research Report). The company's shares c...

Cirrus Logic (CRUS) Gets a Hold from Oppenheimer

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Cirrus Logic Faces IT Vulnerabilities: Potential Impact on Financial Stability and Operational Continuity

BOOM

BOWL

DLTR

EVER

FANG

FWRD

GKOS

HDSN

HIMS

HOLX

ILMN

QNST

VMEO

VRTX

WYNN

Press Releases

Cirrus Logic Nominates William D. Mosley for Election to Board of Directors

Cirrus Logic to Present at Upcoming Conferences

Management

CMG Announces Appointment of Alex Davern to the Board of Directors

Cirrus Logic Unveils Its Latest Additions to Its Family of Professional Audio Converters

Cirrus Logic to Report First Quarter Fiscal Year 2025 Results

Cirrus Logic Reports Fiscal First Quarter Revenue of $374.0 Million

Cirrus Logic to Present at Upcoming Conference

Cirrus Logic Celebrates 40 Years of Innovation and Excellence

Cirrus Logic to Report Second Quarter Fiscal Year 2025 Results

Cirrus Logic Reports Fiscal Second Quarter Revenue of $541.9 Million

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