Bayforest Capital Ltd Trims Stock Holdings in Cirrus Logic, Inc. $CRUS

Key Points

• Bayforest Capital Ltd has significantly reduced its holdings in Cirrus Logic, Inc. by 49.1% in the second quarter, now owning 3,429 shares valued at approximately $357,000.
• Cirrus Logic reported impressive quarterly earnings, with EPS of $1.51, exceeding estimates and showing an 8.9% increase in revenue year-over-year.
• Institutional ownership of Cirrus Logic is substantial, with 87.96% of the company's stock held by hedge funds and other institutions.

Bayforest Capital Ltd decreased its position in Cirrus Logic, Inc. (NASDAQ:CRUS - Free Report) by 49.1% in the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 3,429 shares of the semiconductor company's stock after selling 3,314 shares during the period. Bayforest Capital Ltd's holdings in Cirrus Logic were worth $357,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other institutional investors have also modified their holdings of CRUS. AQR Capital Management LLC raised its stake in shares of Cirrus Logic by 131.5% during the 1st quarter. AQR Capital Management LLC now owns 1,063,813 shares of the semiconductor company's stock valued at $103,456,000 after buying an additional 604,337 shares during the last quarter. Ameriprise Financial Inc. raised its stake in shares of Cirrus Logic by 98.0% during the 1st quarter. Ameriprise Financial Inc. now owns 1,117,526 shares of the semiconductor company's stock valued at $111,380,000 after buying an additional 553,169 shares during the last quarter. Nuveen LLC purchased a new position in shares of Cirrus Logic during the 1st quarter valued at about $49,364,000. Panagora Asset Management Inc. raised its stake in shares of Cirrus Logic by 64.4% during the 1st quarter. Panagora Asset Management Inc. now owns 479,998 shares of the semiconductor company's stock valued at $47,834,000 after buying an additional 188,093 shares during the last quarter. Finally, LSV Asset Management raised its stake in shares of Cirrus Logic by 6.4% during the 1st quarter. LSV Asset Management now owns 2,402,284 shares of the semiconductor company's stock valued at $239,400,000 after buying an additional 145,524 shares during the last quarter. Hedge funds and other institutional investors own 87.96% of the company's stock.

Cirrus Logic Stock Up 1.3%

NASDAQ:CRUS opened at $122.60 on Thursday. Cirrus Logic, Inc. has a 52 week low of $75.83 and a 52 week high of $129.56. The stock has a market capitalization of $6.29 billion, a PE ratio of 19.19 and a beta of 1.09. The stock's 50-day moving average price is $117.87 and its 200-day moving average price is $105.82.

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 (EPS) for the quarter, topping 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 company had revenue of $407.27 million for the quarter, compared to analysts' expectations of $361.97 million. During the same period in the previous year, the firm posted $1.12 EPS. Cirrus Logic's revenue was up 8.9% compared to the same quarter last year. Cirrus Logic has set its Q2 2026 guidance at EPS. Sell-side analysts expect that Cirrus Logic, Inc. will post 5.63 earnings per share for the current fiscal year.

Insider Buying and Selling

In related 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 value of $1,347,202.61. Following the sale, the executive vice president directly owned 26,307 shares in the company, valued at approximately $3,196,037.43. The trade was a 29.65% decrease in their position. The transaction was disclosed in a filing with the SEC, which is accessible 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 completion of the sale, the executive vice president 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. In the last three months, insiders have sold 32,453 shares of company stock worth $3,821,790. Insiders own 1.16% of the company's stock.

Analyst Ratings Changes

A number of equities analysts have weighed in on CRUS shares. 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, September 12th. Weiss Ratings restated a "hold (c)" rating on shares of Cirrus Logic in a research report on Wednesday, October 8th. Finally, Wall Street Zen cut Cirrus Logic from a "strong-buy" rating to a "buy" rating in a research report on Monday, August 11th. Four analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the company. Based on data from MarketBeat, the stock presently has an average rating of "Moderate Buy" and a consensus 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.

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