2,593 Shares in Cirrus Logic, Inc. $CRUS Acquired by Sequoia Financial Advisors LLC

Sequoia Financial Advisors LLC purchased a new position in shares of Cirrus Logic, Inc. (NASDAQ:CRUS - Free Report) during the 2nd quarter, according to its most recent 13F filing with the SEC. The firm purchased 2,593 shares of the semiconductor company's stock, valued at approximately $270,000.

Several other institutional investors and hedge funds have also bought and sold shares of the stock. Vanguard Group Inc. grew its position in Cirrus Logic by 0.4% during the 1st quarter. Vanguard Group Inc. now owns 6,420,646 shares of the semiconductor company's stock worth $639,849,000 after acquiring an additional 24,614 shares during the last quarter. LSV Asset Management grew its position 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 worth $239,400,000 after acquiring an additional 145,524 shares during the last quarter. Fuller & Thaler Asset Management Inc. grew its position in Cirrus Logic by 0.3% during the 1st quarter. Fuller & Thaler Asset Management Inc. now owns 1,590,744 shares of the semiconductor company's stock worth $158,518,000 after acquiring an additional 4,403 shares during the last quarter. Ameriprise Financial Inc. grew its position 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 worth $111,380,000 after acquiring an additional 553,169 shares during the last quarter. Finally, AQR Capital Management LLC grew its position 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 worth $103,456,000 after acquiring an additional 604,337 shares during the last quarter. 87.96% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

CRUS has been the topic of several recent research reports. Weiss Ratings restated a "hold (c)" rating on shares of Cirrus Logic in a research report on Wednesday, October 8th. Wall Street Zen upgraded Cirrus Logic from a "buy" rating to a "strong-buy" rating in a research report on Saturday, October 18th. Stifel Nicolaus lifted their price objective on Cirrus Logic from $130.00 to $140.00 and gave the stock a "buy" rating in a research report on Friday, October 17th. Finally, Susquehanna lifted their price objective on Cirrus Logic from $140.00 to $155.00 and gave the stock a "positive" rating in a research report on Wednesday. Four research analysts have rated the stock with a Buy rating and two have issued a Hold rating to the stock. Based on data from MarketBeat, the stock presently has an average rating of "Moderate Buy" and an average target price of $128.00.

Insider Buying and Selling at Cirrus Logic

In other Cirrus Logic news, EVP Denise Grode sold 2,202 shares of Cirrus Logic stock in a transaction on Monday, September 15th. The stock was sold at an average price of $116.87, for a total transaction of $257,347.74. Following the completion of the transaction, the executive vice president owned 5,698 shares in the company, valued at approximately $665,925.26. The trade was a 27.87% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, EVP Scott Thomas sold 11,089 shares of Cirrus Logic stock in a transaction on Thursday, September 18th. The shares were sold at an average price of $121.49, for a total value of $1,347,202.61. Following the transaction, the executive vice president owned 26,307 shares of the company's stock, valued at $3,196,037.43. The trade was a 29.65% decrease in their position. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 33,187 shares of company stock worth $3,918,128. 1.16% of the stock is owned by insiders.

Cirrus Logic Stock Down 1.2%

CRUS opened at $128.92 on Thursday. The stock has a market cap of $6.62 billion, a PE ratio of 20.18 and a beta of 1.09. The business has a 50 day moving average of $120.11 and a 200-day moving average of $107.00. Cirrus Logic, Inc. has a 52 week low of $75.83 and a 52 week high of $131.87.

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

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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