Cirrus Logic, Inc. (CRUS)

Summit Global Investments reduced its holdings in Cirrus Logic. The company's price target was increased to US$140. An insider notified of their intention to sell stock. Cirrus Logic reported its second-quarter fiscal 2026 earnings, with EPS and revenues exceeding analyst expectations, but the stock experienced a slight decline. The price target was increased to US$136, and Benchmark and Stifel Nicolaus raised their price targets. Zacks Research upgraded Cirrus Logic from a "hold" to a "strong-buy" rating. Susquehanna increased its target price for Cirrus Logic to $155.00. Wall Street Zen upgraded Cirrus Logic from a "buy" to a "strong-buy" rating. The stock briefly declined due to market interpretation of seasonality comments. Fast Company recognized Cirrus Logic as one of the Best Workplaces for Innovators. The company participated in the KeyBanc Technology Leadership Forum. Cirrus Logic held its Q1 FY26 Earnings Call.

Demand for Cirrus Logic, Inc.'s products and services has shown a shift in seasonality, with sales now more heavily weighted towards the first half of the fiscal year due to camera content and a general shift in demand. Historically, the revenue ratio was often 60/40, with the September/December quarter accounting for 60% of sales. The stock price has also historically tended to peak in September, coinciding with the release of new Apple products.

Cirrus Logic, Inc. is a fabless semiconductor company specializing in low-power, high-precision mixed-signal processing solutions, operating within the Technology sector. Its product lines include Audio and High-Performance Mixed-Signal (HPMS) products, such as amplifiers, codecs, smart codecs, digital signal processors, camera controllers, haptic and sensing solutions, and battery and power integrated circuits (ICs). These products are used in smartphones, tablets, laptops, AR/VR headsets, wearables, home theater systems, automotive entertainment systems, and professional audio systems. The company also provides its SoundClear technology to enhance user experience.

Cirrus Logic, Inc. has a global presence with geographical segments including China, Hong Kong, Vietnam, South Korea, India, the United States, and the Rest of World. The company maintains offices in Taiwan, China, South Korea, Japan, Singapore, the UK, and the US, with its headquarters in Austin, Texas.

Cirrus Logic's brand reputation received a positive boost when Fast Company named it one of the "Best Workplaces for Innovators" on September 9, 2025. No significant negative events impacting the company's reputation were found within the past year.

Cirrus Logic, Inc. is primarily owned by institutional investors, who collectively hold approximately 82.91% of the company's stock. Major institutional owners include Vanguard Group Inc, BlackRock, Inc., LSV Asset Management, State Street Corp, Wellington Management Group Llp, Fuller & Thaler Asset Management, Inc., Mackenzie Financial Corp, Earnest Partners Llc, Bank Of America Corp /De/, and Geode Capital Management, Llc. Insider ownership stands at approximately 0.54%.