Susquehanna Cuts Cirrus Logic (CRUS) Price Target to $170
Key Points
- Susquehanna reiterated its Positive rating on Cirrus Logic, Inc. (CRUS) on October 21, 2026, bringing its price target down to $170 from $200.
- Susquehanna's $170 price target implies 55.43% upside from Cirrus Logic, Inc.'s ($CRUS) current $109.38 share price.
- Cirrus Logic trades around $109.38 as of October 22, 2026, below its 50-day moving average and its 52-week high of $180.42.
- Institutional investors like LSV Asset Management and Fuller & Thaler adjusted their stakes earlier in the year.
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On October 21, 2026, Susquehanna maintained its Positive rating on Cirrus Logic, Inc. (CRUS) while lowering its price target to $170 from $200. According to the firm's research note, the adjustment comes as Wall Street weighs the semiconductor maker's outlook ahead of its upcoming financial updates. The stock closed at $110.64 on the day of the rating change.
CRUS
Cirrus Logic, Inc.
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Susquehanna's Call on Cirrus Logic
On October 21, 2026, Susquehanna kept its Positive rating on the fabless semiconductor company while reducing its price target from $200 to $170. Analysts adjust price targets to reflect shifts in market conditions and sector valuations. The firm's forward-looking view highlights confidence in the company's mixed-signal processing and audio products.
Other Institutional Activity in Cirrus Logic
Large money managers made adjustments to their holdings in the chipmaker during the middle of the year. LSV Asset Management grew its holdings by 44,174 shares, ending with 2,356,961 shares worth about $258.3 million. Fuller & Thaler Asset Management Inc. added 98,632 shares for a total of 1,705,024 shares valued at roughly $186.9 million. Meanwhile, Earnest Partners LLC reduced its stake by 32,495 shares, finishing the period with 1,267,316 shares worth about $138.9 million.
Cirrus Logic, Inc. Stock Down 1.1%
Cirrus Logic shares recently traded around $109.38 as of October 22, 2026. That puts the stock below its 50-day moving average of $115.15 and well below its 52-week high of $180.42. The company carries a market capitalization of roughly $5.49 billion and a trailing price-to-earnings ratio of 13.38.
$CRUS price target
Cirrus Logic, Inc. daily closes and this analyst's $170 target. Not advice.
Recent Earnings
The semiconductor firm reported trailing twelve-month revenue of $2.05 billion and basic earnings of $8.19 per share. Its net margin stands at 21.0% with a return on equity of 20.9%. The company's next financial results are scheduled for release on November 4, 2026.
Insider Buying and Selling at Cirrus Logic, Inc.
Insiders have been active with their shares over recent months. Executive Jeffrey W. Baumgartner sold 1,166 shares on July 20 for $161,573, another 1,166 shares on August 20 for $137,460, a third block of 1,166 shares on September 21 for $138,754, and a final block of 1,166 shares on October 20 for $125,636 under a planned transaction.
Analysts Set New Price Targets
Other Wall Street firms adjusted their views on the stock recently. Keybanc maintained an Overweight rating with a target of $170 on August 6, then lowered its rating to Equal-Weight on October 15. Stifel maintained a Buy rating and lowered its target to $160 on August 6. Barclays downgraded the stock to Underweight with a $95 target on October 21. The consensus analyst rating sits at a buy with a mean target price of $141.67.
About Cirrus Logic
Cirrus Logic, Inc. designs high-performance mixed-signal processing solutions and audio chips used in consumer electronics. Based in Austin, Texas, the company supplies key components for mobile and portable devices worldwide, making its upcoming earnings report a key marker for tech sector demand.
Bottom Line
Investors will watch Cirrus Logic's upcoming earnings release on November 4, 2026, for fresh performance data. Monitoring institutional filings and analyst updates will help clarify how the semiconductor developer navigates current market conditions.
Related Filing Alerts
Source: Susquehanna's rating change on $CRUS (Oct 21, 2026). Written by software, not financial advice. How we make alerts