Bayforest Capital Ltd Boosts Stock Holdings 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 holdings in shares of Cirrus Logic, Inc. (NASDAQ:CRUS - Free Report) by 923.2% in the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 6,743 shares of the semiconductor company's stock after purchasing an additional 6,084 shares during the period. Bayforest Capital Ltd's holdings in Cirrus Logic were worth $672,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also recently made changes to their positions in CRUS. EP Wealth Advisors LLC raised its stake in Cirrus Logic by 69.4% in the 1st quarter. EP Wealth Advisors LLC now owns 5,644 shares of the semiconductor company's stock worth $562,000 after acquiring an additional 2,312 shares during the last quarter. Focus Partners Advisor Solutions LLC acquired a new stake in Cirrus Logic during the 1st quarter worth about $251,000. Man Group plc lifted its position in Cirrus Logic by 4.7% during the 4th quarter. Man Group plc now owns 110,007 shares of the semiconductor company's stock worth $10,954,000 after acquiring an additional 4,976 shares during the period. Optimize Financial Inc lifted its position in Cirrus Logic by 33.6% during the 1st quarter. Optimize Financial Inc now owns 17,484 shares of the semiconductor company's stock worth $1,742,000 after acquiring an additional 4,402 shares during the period. Finally, UMB Bank n.a. lifted its position in Cirrus Logic by 124.5% during the 1st quarter. UMB Bank n.a. now owns 523 shares of the semiconductor company's stock worth $52,000 after acquiring an additional 290 shares during the period. Hedge funds and other institutional investors own 87.96% of the company's stock.

Cirrus Logic Stock Performance

Shares of Cirrus Logic stock traded up $1.61 on Friday, hitting $116.79. The company's stock had a trading volume of 693,749 shares, compared to its average volume of 477,100. Cirrus Logic, Inc. has a 1 year low of $75.83 and a 1 year high of $135.47. The firm has a fifty day moving average price of $108.66 and a 200-day moving average price of $102.41. The company has a market capitalization of $6.00 billion, a price-to-earnings ratio of 18.28 and a beta of 1.02.

Cirrus Logic (NASDAQ:CRUS - Get Free Report) last announced its quarterly earnings results 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. Cirrus Logic had a return on equity of 18.38% and a net margin of 18.15%.The firm 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 business earned $1.12 EPS. Cirrus Logic'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. As a group, analysts forecast that Cirrus Logic, Inc. will post 5.63 EPS for the current year.

Insider Buying and Selling at Cirrus Logic

In related news, EVP Jeffrey W. Baumgartner sold 10,000 shares of Cirrus Logic stock in a transaction dated 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 owned 14,001 shares in the company, valued at $1,565,031.78. The trade was a 41.66% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. 1.16% of the stock is currently owned by corporate insiders.

Analyst Ratings Changes

A number of analysts have commented on the company. 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 lifted their price objective on Cirrus Logic from $120.00 to $130.00 and gave the company a "buy" rating in a research note on Friday. Four equities research analysts have rated the stock with a Buy rating and one has given a Hold rating to the company. According to MarketBeat.com, Cirrus Logic has an average rating of "Moderate Buy" and an average target price of $123.00.

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.