Cirrus Logic (CRUS) Soars 4.56% on Revenue Surge

Cirrus Logic (CRUS) shares surged 4.56% today, reaching their highest level since February 2025 with an intraday gain of 5.41%.

The strategy of buying CRUS shares after they reached a recent high and holding for 1 week showed poor performance. The annualized return was -12.4%, significantly underperforming the market. This indicates that relying on recent highs as a buying trigger and holding for a short duration is not a profitable strategy for CRUS.

Institutional investors have shown confidence in Cirrus Logic, with the Illinois Municipal Retirement Fund increasing its holdings in the company by 130.2% in the first quarter of 2025. This significant increase in institutional investment suggests a positive outlook for the company, which could contribute to the recent rise in stock price.

Cirrus Logic reported a revenue of $424.46 million for the quarter ending March 29, 2025, marking a 14.15% increase from the previous year. This substantial revenue growth is a key factor driving the stock price higher, as it indicates strong financial performance and market demand for the company's products.

In June 2025, Cirrus Logic expanded its Pro Audio lineup with new ADCs and DACs for HiFi applications. This strategic move enhances the company's market position and product offerings, potentially attracting more customers and driving further growth in the stock price.