Acadian Asset Management LLC Cuts Position in Cirrus Logic, Inc. $CRUS

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 trimmed its position in shares of Cirrus Logic, Inc. (NASDAQ:CRUS - Free Report) by 33.5% during the first quarter, according to its most recent Form 13F filing with the SEC. The firm owned 62,870 shares of the semiconductor company's stock after selling 31,738 shares during the period. Acadian Asset Management LLC owned about 0.12% of Cirrus Logic worth $6,257,000 at the end of the most recent reporting period.

Several other hedge funds also recently added to or reduced their stakes in CRUS. Cetera Investment Advisers increased its stake 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 purchasing an additional 643 shares during the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. increased its stake 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 purchasing an additional 155 shares during the last quarter. Millennium Management LLC increased its stake 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 purchasing an additional 139,876 shares during the last quarter. Nomura Holdings Inc. purchased a new position in Cirrus Logic in the fourth quarter valued at approximately $702,000. Finally, Nissay Asset Management Corp Japan ADV increased its stake 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 purchasing an additional 319 shares during the last quarter. 87.96% of the stock is currently owned by hedge funds and other institutional investors.

Cirrus Logic Trading Up 1.4%

CRUS stock opened at $116.79 on Friday. The company has a market capitalization of $6.00 billion, a P/E ratio of 18.28 and a beta of 1.02. Cirrus Logic, Inc. has a twelve month low of $75.83 and a twelve month high of $135.47. The business has a 50 day simple moving average of $108.66 and a 200-day simple moving average of $102.41.

Cirrus Logic (NASDAQ:CRUS - Get Free Report) last posted its quarterly earnings data on Tuesday, August 5th. The semiconductor company reported $1.51 earnings per share for the quarter, beating the consensus estimate of $1.07 by $0.44. The business had revenue of $407.27 million during 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 company's revenue was up 8.9% compared to the same quarter last year. During the same period in the prior year, the company earned $1.12 earnings per share. Cirrus Logic has set its Q2 2026 guidance at EPS. Research analysts predict that Cirrus Logic, Inc. will post 5.63 EPS for the current fiscal year.

Insider Buying and Selling at Cirrus Logic

In related news, EVP Jeffrey W. Baumgartner sold 10,000 shares of the stock in a transaction 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 sale, the executive vice president directly owned 14,001 shares of the company's stock, valued at $1,565,031.78. This trade represents a 41.66% 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. 1.16% of the stock is currently owned by corporate insiders.

Analyst Ratings Changes

Several brokerages have commented on CRUS. Stifel Nicolaus increased their price target on shares of Cirrus Logic from $120.00 to $130.00 and gave the company a "buy" rating in a research note on Friday. Wall Street Zen lowered shares of Cirrus Logic from a "strong-buy" rating to a "buy" rating in a research note on Monday, August 11th. Four research analysts have rated the stock with a Buy rating and one has given a Hold rating to the stock. Based on data from MarketBeat, the company currently has a consensus rating of "Moderate Buy" and a consensus target price of $123.00.

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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