Cirrus Logic, Inc. $CRUS Shares Sold by Acadian Asset Management LLC

Key Points

• Acadian Asset Management LLC reduced its stake in Cirrus Logic, Inc. by 33.5%, now holding about 0.12% of the company valued at $6.26 million after selling 31,738 shares.
• Several hedge funds have recently adjusted their positions in Cirrus Logic, with notable increases in holdings by Millennium Management LLC (up 100.6%) and Cetera Investment Advisers (up 30.3%) during the fourth quarter.
• Cirrus Logic recently reported earnings of $1.51 per share, significantly exceeding the estimated $1.07, with quarterly revenue of $407.27 million, showcasing an upward trend in revenue of 8.9% year-over-year.

Acadian Asset Management LLC lowered its position in Cirrus Logic, Inc. (NASDAQ:CRUS - Free Report) by 33.5% during the first quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 62,870 shares of the semiconductor company's stock after selling 31,738 shares during the quarter. Acadian Asset Management LLC owned 0.12% of Cirrus Logic worth $6,257,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in CRUS. Cetera Investment Advisers boosted its holdings in Cirrus Logic by 30.3% in the fourth quarter. Cetera Investment Advisers now owns 2,767 shares of the semiconductor company's stock valued at $276,000 after acquiring an additional 643 shares during the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. boosted its holdings in Cirrus Logic by 17.2% in the fourth quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 1,057 shares of the semiconductor company's stock valued at $105,000 after acquiring an additional 155 shares during the last quarter. Millennium Management LLC boosted its holdings in Cirrus Logic by 100.6% in the fourth quarter. Millennium Management LLC now owns 278,916 shares of the semiconductor company's stock valued at $27,774,000 after acquiring an additional 139,876 shares during the last quarter. Nomura Holdings Inc. acquired a new position in Cirrus Logic in the fourth quarter valued at $702,000. Finally, Nissay Asset Management Corp Japan ADV boosted its holdings in Cirrus Logic by 2.9% in the fourth quarter. Nissay Asset Management Corp Japan ADV now owns 11,386 shares of the semiconductor company's stock valued at $1,160,000 after acquiring an additional 319 shares during the last quarter. Institutional investors and hedge funds own 87.96% of the company's stock.

Insider Transactions at Cirrus Logic

In other news, EVP Scott Thomas sold 11,089 shares of Cirrus Logic stock in a transaction dated 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 sale, the executive vice president directly owned 26,307 shares of the company's stock, valued at approximately $3,196,037.43. The trade was a 29.65% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, EVP Jeffrey W. Baumgartner sold 9,162 shares of Cirrus Logic stock in a transaction dated Wednesday, September 17th. The stock was 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 approximately $1,680,120. The trade was a 39.55% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 32,453 shares of company stock valued at $3,821,790. 1.16% of the stock is currently owned by insiders.

Wall Street Analyst Weigh In

Several research firms have commented on CRUS. Wall Street Zen lowered Cirrus Logic from a "strong-buy" rating to a "buy" rating in a research report on Monday, August 11th. 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 report on Friday, September 12th. Four research analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the company's stock. Based on data from MarketBeat, Cirrus Logic has an average rating of "Moderate Buy" and a consensus target price of $123.00.

Cirrus Logic Stock Performance

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

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