6,309 Shares in Cirrus Logic, Inc. $CRUS Purchased by Integrated Wealth Concepts LLC

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 acquired a new position in Cirrus Logic, Inc. (NASDAQ:CRUS - Free Report) in the 1st quarter, according to its most recent filing with the Securities and Exchange Commission. The firm acquired 6,309 shares of the semiconductor company's stock, valued at approximately $629,000.

A number of other large investors have also recently made changes to their positions in the stock. Hancock Whitney Corp grew its stake in shares of Cirrus Logic by 5.5% in the first quarter. Hancock Whitney Corp now owns 7,612 shares of the semiconductor company's stock worth $759,000 after acquiring an additional 399 shares during the period. EFG Asset Management North America Corp. grew its position in Cirrus Logic by 31.6% in the 1st quarter. EFG Asset Management North America Corp. now owns 23,019 shares of the semiconductor company's stock worth $2,293,000 after purchasing an additional 5,526 shares during the period. Alliancebernstein L.P. grew its position in Cirrus Logic by 91.5% in the 1st quarter. Alliancebernstein L.P. now owns 166,076 shares of the semiconductor company's stock worth $16,550,000 after purchasing an additional 79,348 shares during the period. AQR Capital Management LLC grew its position in Cirrus Logic by 131.5% in the 1st quarter. AQR Capital Management LLC now owns 1,063,813 shares of the semiconductor company's stock worth $103,456,000 after purchasing an additional 604,337 shares during the period. Finally, Dark Forest Capital Management LP grew its holdings in shares of Cirrus Logic by 450.6% in the first quarter. Dark Forest Capital Management LP now owns 37,067 shares of the semiconductor company's stock worth $3,694,000 after acquiring an additional 30,335 shares during the period. 87.96% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

CRUS has been the subject of several research analyst reports. Stifel Nicolaus lifted their price objective on Cirrus Logic from $120.00 to $130.00 and gave the stock a "buy" rating in a report on Friday. Wall Street Zen downgraded Cirrus Logic from a "strong-buy" rating to a "buy" rating in a research note on Monday, August 11th. Four analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the company. According to data from MarketBeat.com, the stock presently has a consensus rating of "Moderate Buy" and an average target price of $123.00.

Insider Activity

In related news, EVP Jeffrey W. Baumgartner sold 10,000 shares of the business'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 transaction of $1,117,800.00. Following the completion of the transaction, the executive vice president directly owned 14,001 shares in the company, valued at approximately $1,565,031.78. The trade was a 41.66% decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Company insiders own 1.16% of the company's stock.

Cirrus Logic Price Performance

Shares of CRUS stock opened at $116.79 on Friday. The firm has a fifty day moving average price of $108.66 and a 200-day moving average price of $102.46. Cirrus Logic, Inc. has a 1 year low of $75.83 and a 1 year high of $135.47. The company has a market cap of $5.99 billion, a price-to-earnings ratio of 18.28 and a beta of 1.02.

Cirrus Logic (NASDAQ:CRUS - Get Free Report) last released its quarterly earnings results on Tuesday, August 5th. The semiconductor company reported $1.51 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.07 by $0.44. Cirrus Logic had a return on equity of 18.38% and a net margin of 18.15%.The business had revenue of $407.27 million during the quarter, compared to analyst estimates of $361.97 million. During the same quarter in the previous year, the company posted $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. Equities research analysts expect 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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