Integrated Wealth Concepts LLC Purchases New Shares in Cirrus Logic, Inc. $CRUS

Key Points

• Integrated Wealth Concepts LLC acquired 6,309 shares of Cirrus Logic, Inc. for approximately $629,000, marking a new position in the semiconductor company.
• A significant portion of Cirrus Logic's stock, around 87.96%, is held by institutional investors, indicating strong confidence in the company's performance.
• Analysts have a consensus rating of "Moderate Buy" for Cirrus Logic, with an average target price of $123.00 following a recent upgrade to a "buy" rating by Stifel Nicolaus.

Integrated Wealth Concepts LLC purchased a new stake in shares of Cirrus Logic, Inc. (NASDAQ:CRUS - Free Report) in the 1st quarter, according to the company in its most recent disclosure with the SEC. The firm purchased 6,309 shares of the semiconductor company's stock, valued at approximately $629,000.

Several other hedge funds have also added to or reduced their stakes in the business. Vanguard Group Inc. lifted its holdings 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 valued at $639,849,000 after purchasing an additional 24,614 shares during the last quarter. LSV Asset Management raised its stake in Cirrus Logic by 6.4% in the first 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. Mackenzie Financial Corp raised its stake in Cirrus Logic by 12.0% in the fourth quarter. Mackenzie Financial Corp now owns 1,835,186 shares of the semiconductor company's stock valued at $182,748,000 after purchasing an additional 196,483 shares in the last quarter. Fuller & Thaler Asset Management Inc. grew its position in Cirrus Logic by 0.3% in the first quarter. Fuller & Thaler Asset Management Inc. now owns 1,590,744 shares of the semiconductor company's stock valued at $158,518,000 after acquiring an additional 4,403 shares during the last quarter. Finally, Ameriprise Financial Inc. grew its position in Cirrus Logic by 98.0% in the first quarter. Ameriprise Financial Inc. now owns 1,117,526 shares of the semiconductor company's stock valued at $111,380,000 after acquiring an additional 553,169 shares during the last quarter. Institutional investors and hedge funds own 87.96% of the company's stock.

Cirrus Logic Stock Performance

Shares of Cirrus Logic stock traded up $3.58 on Thursday, reaching $122.75. 657,827 shares of the company's stock were exchanged, compared to its average volume of 470,385. The company has a market capitalization of $6.30 billion, a P/E ratio of 19.21 and a beta of 1.02. Cirrus Logic, Inc. has a 52 week low of $75.83 and a 52 week high of $127.17. The firm's 50-day moving average is $109.70 and its two-hundred day moving average is $102.87.

Cirrus Logic (NASDAQ:CRUS - Get Free Report) last issued its earnings results on Tuesday, August 5th. The semiconductor company reported $1.51 earnings per share 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 company had revenue of $407.27 million for the quarter, compared to analyst estimates of $361.97 million. During the same period in the prior year, the firm earned $1.12 earnings per share. Cirrus Logic's revenue for the quarter was up 8.9% on a year-over-year basis. Cirrus Logic has set its Q2 2026 guidance at EPS. On average, analysts expect that Cirrus Logic, Inc. will post 5.63 EPS for the current fiscal year.

Insider Transactions at Cirrus Logic

In other news, EVP Scott Thomas sold 11,089 shares of the company'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 transaction of $1,347,202.61. Following the transaction, the executive vice president directly owned 26,307 shares of the company's stock, valued at $3,196,037.43. This represents a 29.65% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, EVP Jeffrey W. Baumgartner sold 10,000 shares of the company's stock in a transaction that occurred on Tuesday, September 2nd. The stock was sold at an average price of $111.78, for a total value of $1,117,800.00. Following the transaction, the executive vice president directly owned 14,001 shares in the company, valued at $1,565,031.78. The trade was a 41.66% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 32,453 shares of company stock valued at $3,821,790 over the last ninety days. 1.16% of the stock is owned by company insiders.

Wall Street Analysts Forecast Growth

CRUS has been the topic of a number of recent analyst reports. Stifel Nicolaus lifted their target price on Cirrus Logic from $120.00 to $130.00 and gave the company a "buy" rating in a research report on Friday, September 12th. Wall Street Zen lowered Cirrus Logic from a "strong-buy" rating to a "buy" rating in a research note on Monday, August 11th. Four equities research analysts have rated the stock with a Buy rating and one has issued a Hold rating to the company's stock. According to data from MarketBeat.com, the stock has a consensus rating of "Moderate Buy" and an average price target of $123.00.

About Cirrus Logic

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.