Bayforest Capital Ltd Boosts Stake in Cirrus Logic, Inc. $CRUS

Key Points

• Bayforest Capital Ltd increased its holdings in Cirrus Logic by 923.2% to 6,743 shares during the first quarter, valued at $672,000.
• Cirrus Logic reported earnings of $1.51 per share, exceeding analyst expectations by $0.44, with quarterly revenue of $407.27 million.
• Analyst ratings for Cirrus Logic have shifted, with Wall Street Zen downgrading the stock from a "strong-buy" to a "buy" rating, yet it maintains a consensus rating of "Moderate Buy" with an average target price of $121.00.

Bayforest Capital Ltd grew its stake in Cirrus Logic, Inc. (NASDAQ:CRUS - Free Report) by 923.2% during the first quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 6,743 shares of the semiconductor company's stock after purchasing an additional 6,084 shares during the quarter. Bayforest Capital Ltd's holdings in Cirrus Logic were worth $672,000 at the end of the most recent reporting period.

A number of other large investors also recently modified their holdings of CRUS. AQR Capital Management LLC lifted its holdings in shares of Cirrus Logic by 131.5% in the first quarter. AQR Capital Management LLC now owns 1,063,813 shares of the semiconductor company's stock valued at $103,456,000 after purchasing an additional 604,337 shares in the last quarter. Ameriprise Financial Inc. lifted its holdings in Cirrus Logic by 98.0% during the first quarter. Ameriprise Financial Inc. now owns 1,117,526 shares of the semiconductor company's stock worth $111,380,000 after acquiring an additional 553,169 shares during the period. Nuveen LLC purchased a new position in Cirrus Logic in the first quarter worth $49,364,000. Deutsche Bank AG boosted its position in Cirrus Logic by 139.4% in the fourth quarter. Deutsche Bank AG now owns 586,733 shares of the semiconductor company's stock worth $58,427,000 after purchasing an additional 341,615 shares during the last quarter. Finally, Mackenzie Financial Corp boosted its position 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 worth $182,748,000 after purchasing an additional 196,483 shares during the last quarter. Institutional investors own 87.96% of the company's stock.

Analyst Ratings Changes

Several research firms have weighed in on CRUS. Wall Street Zen cut Cirrus Logic from a "strong-buy" rating to a "buy" rating in a research report on Monday, August 11th. Stifel Nicolaus boosted their price objective on Cirrus Logic from $120.00 to $130.00 and gave the stock a "buy" rating in a research report on Friday. Four research analysts have rated the stock with a Buy rating and one has given a Hold rating to the company's stock. Based on data from MarketBeat, Cirrus Logic currently has a consensus rating of "Moderate Buy" and an average target price of $123.00.

Insider Buying and Selling at Cirrus Logic

In other news, EVP Jeffrey W. Baumgartner sold 10,000 shares of Cirrus Logic stock in a transaction 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 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 ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Company insiders own 1.16% of the company's stock.

Cirrus Logic Price Performance

Shares of CRUS traded up $1.61 during mid-day trading on Friday, hitting $116.79. The stock had a trading volume of 693,749 shares, compared to its average volume of 630,555. The firm has a market cap of $5.99 billion, a P/E ratio of 18.28 and a beta of 1.02. The business has a fifty day moving average price of $108.53 and a 200-day moving average price of $102.40. Cirrus Logic, Inc. has a 52 week low of $75.83 and a 52 week high of $135.47.

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 (EPS) for the quarter, beating the consensus estimate of $1.07 by $0.44. The firm 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 business's revenue was up 8.9% on a year-over-year basis. 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. As a group, research analysts expect that Cirrus Logic, Inc. will post 5.63 earnings per share for the current fiscal year.

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.