Aristides Capital LLC Takes Position in Cirrus Logic, Inc. $CRUS

Key Points

• Aristides Capital LLC has acquired a new stake in Cirrus Logic, Inc. by purchasing 2,585 shares, valued at approximately $258,000 during the first quarter.
• Insider selling occurred as EVP Jeffrey W. Baumgartner sold 10,000 shares at an average price of $100, resulting in a total transaction of $1 million and reducing his ownership by 41.66%.
• Cirrus Logic reported a strong quarterly performance with an EPS of $1.51, surpassing analysts' expectations of $1.07, and announced a $500 million stock repurchase plan indicating confidence in its stock valuation.

Aristides Capital LLC purchased a new stake in shares of Cirrus Logic, Inc. (NASDAQ:CRUS - Free Report) in the first quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm purchased 2,585 shares of the semiconductor company's stock, valued at approximately $258,000.

Several other hedge funds and other institutional investors also recently made changes to their positions in the company. May Hill Capital LLC increased its stake in shares of Cirrus Logic by 5.4% in the 1st quarter. May Hill Capital LLC now owns 2,220 shares of the semiconductor company's stock valued at $221,000 after buying an additional 113 shares during the period. Beverly Hills Private Wealth LLC increased its stake in shares of Cirrus Logic by 3.7% in the 1st quarter. Beverly Hills Private Wealth LLC now owns 3,440 shares of the semiconductor company's stock valued at $343,000 after buying an additional 124 shares during the period. Kovitz Investment Group Partners LLC increased its stake in shares of Cirrus Logic by 4.2% in the 1st quarter. Kovitz Investment Group Partners LLC now owns 3,769 shares of the semiconductor company's stock valued at $376,000 after buying an additional 151 shares during the period. Allworth Financial LP increased its stake in shares of Cirrus Logic by 2.5% in the 1st quarter. Allworth Financial LP now owns 6,246 shares of the semiconductor company's stock valued at $577,000 after buying an additional 154 shares during the period. Finally, MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. lifted 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 buying an additional 155 shares during the period. 87.96% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

Several equities analysts recently weighed in on CRUS shares. Wall Street Zen lowered shares of Cirrus Logic from a "strong-buy" rating to a "buy" rating in a report on Monday, August 11th. Barclays lifted their price objective on Cirrus Logic from $80.00 to $90.00 and gave the stock an "equal weight" rating in a research note on Wednesday, May 7th. Finally, Stifel Nicolaus set a $120.00 price objective on Cirrus Logic in a research note on Wednesday, May 7th. Four investment analysts have rated the stock with a Buy rating and one has given a Hold rating to the company. According to MarketBeat, Cirrus Logic has a consensus rating of "Moderate Buy" and an average price target of $121.00.

Cirrus Logic Stock Performance

CRUS stock traded down $1.17 during midday trading on Friday, hitting $114.19. 356,305 shares of the company's stock were exchanged, compared to its average volume of 665,205. The stock's fifty day moving average price is $107.19 and its 200-day moving average price is $102.02. The company has a market cap of $5.86 billion, a PE ratio of 17.87 and a beta of 0.92. Cirrus Logic, Inc. has a one year low of $75.83 and a one year high of $147.46.

Cirrus Logic (NASDAQ:CRUS - Get Free Report) last issued its quarterly 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 for the quarter, compared to analyst estimates of $361.97 million. Cirrus Logic had a return on equity of 18.38% and a net margin of 18.15%.The company's quarterly revenue was up 8.9% compared to the same quarter last year. During the same period in the previous year, the company posted $1.12 earnings per share. 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 year.

Cirrus Logic declared that its Board of Directors has authorized a share repurchase program on Tuesday, May 6th that allows the company to buyback $500.00 million in outstanding shares. This buyback authorization allows the semiconductor company to reacquire up to 9.6% of its shares through open market purchases. Shares buyback programs are usually an indication that the company's leadership believes its shares are undervalued.

Insider Transactions at Cirrus Logic

In related news, EVP Jeffrey W. Baumgartner sold 10,000 shares of Cirrus Logic stock in a transaction dated Tuesday, June 3rd. The stock was sold at an average price of $100.00, for a total value of $1,000,000.00. Following the sale, the executive vice president owned 14,001 shares of the company's stock, valued at approximately $1,400,100. The trade was a 41.66% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, EVP Carl Jackson Alberty sold 2,000 shares of the business's stock in a transaction that occurred on Tuesday, June 3rd. The stock was sold at an average price of $100.00, for a total value of $200,000.00. Following the transaction, the executive vice president directly owned 41,645 shares in the company, valued at approximately $4,164,500. This trade represents a 4.58% decrease in their position. The disclosure for this sale can be found here. Insiders own 1.16% of the company's stock.

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.