111 Capital Takes Position in Cirrus Logic, Inc. $CRUS

Key Points

• 111 Capital has acquired a new stake in Cirrus Logic, Inc. by purchasing 2,107 shares valued at approximately $220,000 during the second quarter.
• Cirrus Logic reported better-than-expected quarterly earnings, with an EPS of $1.51, exceeding the consensus estimate of $1.07, and revenue of $407.27 million compared to expectations of $361.97 million.
• Despite recent insider selling activity, institutional investors and hedge funds own 87.96% of Cirrus Logic's stock, indicating strong investor confidence in the company.

111 Capital bought a new stake in Cirrus Logic, Inc. (NASDAQ:CRUS - Free Report) in the second quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm bought 2,107 shares of the semiconductor company's stock, valued at approximately $220,000.

A number of other hedge funds have also recently bought and sold shares of CRUS. AQR Capital Management LLC grew its stake in Cirrus Logic by 131.5% during the 1st quarter. AQR Capital Management LLC now owns 1,063,813 shares of the semiconductor company's stock valued at $103,456,000 after purchasing an additional 604,337 shares in the last quarter. Ameriprise Financial Inc. grew its stake in Cirrus Logic by 98.0% during the 1st quarter. Ameriprise Financial Inc. now owns 1,117,526 shares of the semiconductor company's stock valued at $111,380,000 after purchasing an additional 553,169 shares in the last quarter. Nuveen LLC acquired a new stake in Cirrus Logic during the 1st quarter valued at approximately $49,364,000. Panagora Asset Management Inc. grew its stake in Cirrus Logic by 64.4% during the 1st quarter. Panagora Asset Management Inc. now owns 479,998 shares of the semiconductor company's stock valued at $47,834,000 after purchasing an additional 188,093 shares in the last quarter. Finally, LSV Asset Management grew its stake in Cirrus Logic by 6.4% during the 1st quarter. LSV Asset Management now owns 2,402,284 shares of the semiconductor company's stock valued at $239,400,000 after purchasing an additional 145,524 shares in the last quarter. Institutional investors and hedge funds own 87.96% of the company's stock.

Cirrus Logic Trading Down 3.2%

Shares of NASDAQ CRUS opened at $123.93 on Wednesday. The company has a market cap of $6.36 billion, a price-to-earnings ratio of 19.39 and a beta of 1.09. Cirrus Logic, Inc. has a 12-month low of $75.83 and a 12-month high of $129.56. The stock's 50 day simple moving average is $115.53 and its 200 day simple moving average is $105.03.

Cirrus Logic (NASDAQ:CRUS - Get Free Report) last announced its quarterly earnings results on Tuesday, August 5th. The semiconductor company reported $1.51 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.07 by $0.44. The business had revenue of $407.27 million for the quarter, compared to the consensus estimate of $361.97 million. Cirrus Logic had a return on equity of 18.38% and a net margin of 18.15%.The business's revenue was up 8.9% on a year-over-year basis. During the same quarter last year, the business posted $1.12 EPS. 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 fiscal year.

Wall Street Analyst Weigh In

A number of brokerages have weighed in on CRUS. Wall Street Zen lowered Cirrus Logic from a "strong-buy" rating to a "buy" rating in a research note on Monday, August 11th. Weiss Ratings restated a "hold (c)" rating on shares of Cirrus Logic in a research note on Saturday, September 27th. Finally, Stifel Nicolaus raised their price objective on Cirrus Logic from $120.00 to $130.00 and gave the company a "buy" rating in a research note on Friday, September 12th. Four research analysts have rated the stock with a Buy rating and two have given a Hold rating to the company's stock. Based on data from MarketBeat, the stock has an average rating of "Moderate Buy" and a consensus price target of $123.00.

Insider Buying and Selling

In related news, EVP Scott Thomas sold 11,089 shares of the firm's stock in a transaction that occurred on Thursday, September 18th. The stock was sold at an average price of $121.49, for a total value of $1,347,202.61. Following the sale, the executive vice president owned 26,307 shares of the company's stock, valued at approximately $3,196,037.43. This trade represents a 29.65% decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, EVP Jeffrey W. Baumgartner sold 9,162 shares of Cirrus Logic stock in a transaction on Wednesday, September 17th. The shares were sold at an average price of $120.00, for a total value of $1,099,440.00. Following the sale, the executive vice president directly owned 14,001 shares in the company, valued at $1,680,120. The trade was a 39.55% decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 32,453 shares of company stock valued at $3,821,790. Insiders own 1.16% of the company's stock.

Cirrus Logic 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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