Barclays Cuts Cirrus Logic (CRUS) Price Target to $95

On October 21, 2026, Barclays lowered its rating on Cirrus Logic, Inc. (NasdaqGS: CRUS) to Underweight and reduced its price target from $130.00 to $95.00. The research note from Barclays represents a shift toward a more cautious outlook on the semiconductor company compared to other recent opinions on Wall Street.

CRUS Cirrus Logic, Inc.

$110.64 ▼ -7.55% year to date

1M 3M YTD

Daily close · Oct 21, 2026

Barclays's Call on Cirrus Logic

In its research note on October 21, 2026, Barclays lowered the stock to an Underweight rating and trimmed its target to $95.00 from its previous target of $130.00. This call arrives alongside other recent updates from Wall Street, including Susquehanna maintaining its positive rating and a $170.00 target on the same day. Earlier, Keybanc moved to an Equal-Weight rating on October 15, 2026, following its earlier coverage maintaining an Overweight stance with a $170.00 target in August. Stifel also maintained a Buy rating with a $160.00 target in August. Consensus figures show the stock holding a general buy recommendation with a mean target price of $141.67 across analyst opinions.

Other Institutional Activity in Cirrus Logic

Large institutional investors have also adjusted positions in the semiconductor firm. LSV Asset Management grew its holdings by 44,174 shares, ending with 2,356,961 shares worth about $258.35 million. Fuller & Thaler Asset Management Inc. added 98,632 shares for a total of 1,705,024 shares valued at roughly $186.89 million. Earnest Partners LLC reduced its position by 32,495 shares, finishing with 1,267,316 shares worth about $138.91 million.

Cirrus Logic, Inc. Stock Down 1.1%

Cirrus Logic shares closed at $110.64 on October 21, 2026, and recently traded around $109.38 as of October 22, 2026, down about 1.1% from that prior close. The stock trades below its 50-day moving average of $115.15 and well below its 200-day moving average of $139.21. Shares sit near the bottom of their 52-week range, which runs from a low of $105.10 to a high of $180.42.

Recent Earnings

For the trailing twelve months, Cirrus Logic generated $2.05 billion in revenue and reported earnings of $8.19 per share, supported by a net profit margin of 21.0% and a return on equity of 20.9%. The next earnings release is scheduled for November 4, 2026.

Insider Buying and Selling at Cirrus Logic, Inc.

Insider transactions included EVP of R&D Jeffrey W Baumgartner selling 1,166 shares on October 20, 2026, at an average price of $107.75 under a planned trading program, following three earlier sales of 1,166 shares each in July, August, and September.

About Cirrus Logic

Cirrus Logic, Inc. is a fabless semiconductor company based in Austin, Texas, that develops mixed-signal processing solutions and audio products for customers in China, the United States, and international markets.

Bottom Line

Investors will watch the upcoming earnings release on November 4, 2026, for further updates on financial performance and demand trends.