Brooklyn Investment Group Has $256,000 Stock Position in Cirrus Logic, Inc. $CRUS

Key Points

• The Brooklyn Investment Group significantly increased its stake in Cirrus Logic, Inc. by 4,576.4% in the first quarter, now owning 2,572 shares valued at $256,000.
• Cirrus Logic reported a quarterly earnings per share of $1.51, surpassing analysts' expectations and showing an 8.9% revenue increase from the previous year.
• The company has approved a $500 million share repurchase plan, which may indicate that leadership believes the stock is currently undervalued.

Brooklyn Investment Group raised its holdings in shares of Cirrus Logic, Inc. (NASDAQ:CRUS - Free Report) by 4,576.4% in the 1st quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor owned 2,572 shares of the semiconductor company's stock after acquiring an additional 2,517 shares during the quarter. Brooklyn Investment Group's holdings in Cirrus Logic were worth $256,000 at the end of the most recent reporting period.

Other hedge funds also recently made changes to their positions in the company. Banque Cantonale Vaudoise bought a new position in shares of Cirrus Logic during the 1st quarter worth approximately $30,000. N.E.W. Advisory Services LLC bought a new position in shares of Cirrus Logic in the first quarter valued at $50,000. UMB Bank n.a. grew its stake in shares of Cirrus Logic by 124.5% in the first quarter. UMB Bank n.a. now owns 523 shares of the semiconductor company's stock valued at $52,000 after buying an additional 290 shares in the last quarter. Transce3nd LLC bought a new position in shares of Cirrus Logic in the fourth quarter valued at $63,000. Finally, Menard Financial Group LLC bought a new position in shares of Cirrus Logic in the fourth quarter valued at $67,000. 87.96% of the stock is owned by institutional investors.

Insider Buying and Selling at Cirrus Logic

In other Cirrus Logic news, EVP Carl Jackson Alberty sold 2,000 shares of the firm's stock in a transaction on Tuesday, June 3rd. The stock was sold at an average price of $100.00, for a total transaction of $200,000.00. Following the completion of the sale, the executive vice president owned 41,645 shares of the company's stock, valued at $4,164,500. This trade represents a 4.58% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, EVP Jeffrey W. Baumgartner sold 10,000 shares of the firm's stock in a transaction on Tuesday, June 3rd. The shares were sold at an average price of $100.00, for a total value of $1,000,000.00. Following the sale, the executive vice president directly owned 14,001 shares of the company's stock, valued at $1,400,100. This represents a 41.66% decrease in their position. The disclosure for this sale can be found here. Company insiders own 1.16% of the company's stock.

Cirrus Logic Price Performance

Cirrus Logic stock traded down $1.37 during mid-day trading on Monday, hitting $116.01. 276,509 shares of the company's stock traded hands, compared to its average volume of 619,360. The firm has a 50 day simple moving average of $106.25 and a two-hundred day simple moving average of $101.67. Cirrus Logic, Inc. has a fifty-two week low of $75.83 and a fifty-two week high of $147.46. The stock has a market cap of $5.95 billion, a price-to-earnings ratio of 18.15 and a beta of 0.92.

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 (EPS) 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 business had revenue of $407.27 million during the quarter, compared to the consensus estimate of $361.97 million. During the same quarter last year, the firm posted $1.12 EPS. The company's quarterly revenue was up 8.9% on a year-over-year basis. Cirrus Logic has set its Q2 2026 guidance at EPS. On average, research analysts anticipate that Cirrus Logic, Inc. will post 5.63 earnings per share for the current fiscal year.

Cirrus Logic announced that its board has authorized a share buyback program on Tuesday, May 6th that permits the company to buyback $500.00 million in shares. This buyback authorization permits the semiconductor company to reacquire up to 9.6% of its shares through open market purchases. Shares buyback programs are typically a sign that the company's board believes its shares are undervalued.

Analyst Upgrades and Downgrades

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

Cirrus Logic 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.