Cirrus Logic (NASDAQ:CRUS) EVP Sells $96,337.50 in Stock

Key Points

• Cirrus Logic's EVP Scott Thomas sold 734 shares of stock on October 20th for a total of $96,337.50, resulting in a 2.71% decrease in his holdings.
• The company reported earnings of $1.51 EPS for the last quarter, exceeding estimates and showing an 8.9% increase in revenue year-over-year.
• Cirrus Logic has received multiple upgrades from analysts, including a shift from "buy" to "strong-buy" and increased price targets, reflecting positive market sentiment.

Cirrus Logic, Inc. (NASDAQ:CRUS - Get Free Report) EVP Scott Thomas sold 734 shares of the firm's stock in a transaction that occurred on Monday, October 20th. The shares were sold at an average price of $131.25, for a total value of $96,337.50. Following the completion of the transaction, the executive vice president owned 26,307 shares in the company, valued at approximately $3,452,793.75. This trade represents a 2.71% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link.

Scott Thomas also recently made the following trade(s):

• On Thursday, September 18th, Scott Thomas sold 11,089 shares of Cirrus Logic stock. The stock was sold at an average price of $121.49, for a total value of $1,347,202.61.

Cirrus Logic Price Performance

Cirrus Logic stock traded down $1.57 during trading on Wednesday, reaching $128.92. 458,249 shares of the company were exchanged, compared to its average volume of 613,482. Cirrus Logic, Inc. has a 52-week low of $75.83 and a 52-week high of $131.87. The company has a market capitalization of $6.62 billion, a P/E ratio of 20.18 and a beta of 1.09. The stock's 50 day simple moving average is $119.74 and its two-hundred day simple moving average is $106.84.

Cirrus Logic (NASDAQ:CRUS - Get Free Report) last announced its quarterly earnings data on Tuesday, August 5th. The semiconductor company reported $1.51 EPS for the quarter, topping analysts' consensus estimates of $1.07 by $0.44. Cirrus Logic had a return on equity of 18.38% and a net margin of 18.15%.The firm had revenue of $407.27 million for the quarter, compared to the consensus estimate of $361.97 million. During the same quarter last year, the business posted $1.12 earnings per share. The firm's revenue was up 8.9% compared to the same quarter last year. Cirrus Logic has set its Q2 2026 guidance at EPS. As a group, equities analysts forecast that Cirrus Logic, Inc. will post 5.63 earnings per share for the current year.

Analyst Ratings Changes

CRUS has been the topic of a number of research analyst reports. Wall Street Zen upgraded Cirrus Logic from a "buy" rating to a "strong-buy" rating in a research report on Saturday. Susquehanna lifted their price objective on Cirrus Logic from $140.00 to $155.00 and gave the company a "positive" rating in a research note on Wednesday. Stifel Nicolaus lifted their price objective on Cirrus Logic from $130.00 to $140.00 and gave the company a "buy" rating in a research note on Friday, October 17th. Finally, Weiss Ratings reaffirmed a "hold (c)" rating on shares of Cirrus Logic in a research note on Wednesday, October 8th. Four research analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the company. According to data from MarketBeat.com, the company currently has an average rating of "Moderate Buy" and an average target price of $128.00.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently bought and sold shares of the stock. GAMMA Investing LLC boosted its position in shares of Cirrus Logic by 154.0% during the 1st quarter. GAMMA Investing LLC now owns 1,890 shares of the semiconductor company's stock worth $188,000 after acquiring an additional 1,146 shares in the last quarter. Wealth Enhancement Advisory Services LLC boosted its position in shares of Cirrus Logic by 262.8% during the 1st quarter. Wealth Enhancement Advisory Services LLC now owns 15,664 shares of the semiconductor company's stock worth $1,561,000 after acquiring an additional 11,346 shares in the last quarter. Janney Montgomery Scott LLC boosted its position in shares of Cirrus Logic by 130.5% during the 1st quarter. Janney Montgomery Scott LLC now owns 6,898 shares of the semiconductor company's stock worth $687,000 after acquiring an additional 3,906 shares in the last quarter. Robeco Institutional Asset Management B.V. boosted its position in shares of Cirrus Logic by 30.7% during the 1st quarter. Robeco Institutional Asset Management B.V. now owns 173,305 shares of the semiconductor company's stock worth $17,271,000 after acquiring an additional 40,727 shares in the last quarter. Finally, Illinois Municipal Retirement Fund boosted its position in shares of Cirrus Logic by 130.2% during the 1st quarter. Illinois Municipal Retirement Fund now owns 27,510 shares of the semiconductor company's stock worth $2,742,000 after acquiring an additional 15,562 shares in the last quarter. 87.96% of the stock is owned by institutional investors and hedge funds.

Cirrus Logic Company Profile

Cirrus Logic, Inc, a fabless semiconductor company, develops low-power high-precision mixed-signal processing solutions in China, the United States, and internationally. The company offers audio products, including amplifiers; codecs components that integrate analog-to-digital converters (ADCs) and digital-to-analog converters (DACs) into a single integrated circuit (IC); smart codecs, a codec with integrated digital signal processing; standalone digital signal processors; and SoundClear technology, which consists of a portfolio of tools, software, and algorithms that helps to enhance user experience with features, such as louder, high-fidelity sound, audio playback, voice capture, and hearing augmentation for use in smartphones, tablets, laptops, AR/VR headsets, home theater systems, automotive entertainment systems, and professional audio systems.

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