Callan Family Office LLC Makes New $615,000 Investment in Cirrus Logic, Inc. $CRUS

Key Points

• Callan Family Office LLC has made a new investment in Cirrus Logic, acquiring 5,900 shares valued at approximately $615,000 in the second quarter.
• Cirrus Logic reported a strong quarterly performance with $1.51 earnings per share, beating analysts' expectations and demonstrating year-over-year revenue growth of 8.9%.
• Analysts have a consensus rating of "Moderate Buy" for Cirrus Logic, with an average price target set at $123.00, indicating positive sentiment toward the stock's future performance.

Callan Family Office LLC bought a new position in Cirrus Logic, Inc. (NASDAQ:CRUS - Free Report) in the second quarter, according to the company in its most recent disclosure with the SEC. The fund bought 5,900 shares of the semiconductor company's stock, valued at approximately $615,000.

A number of other large investors have also added to or reduced their stakes in CRUS. Farther Finance Advisors LLC grew its position in Cirrus Logic by 41.2% in the 1st quarter. Farther Finance Advisors LLC now owns 2,690 shares of the semiconductor company's stock worth $269,000 after purchasing an additional 785 shares during the period. GAMMA Investing LLC grew its position in Cirrus Logic by 154.0% in the 1st quarter. GAMMA Investing LLC now owns 1,890 shares of the semiconductor company's stock worth $188,000 after purchasing an additional 1,146 shares during the period. Wealth Enhancement Advisory Services LLC grew its position in Cirrus Logic by 262.8% in the 1st quarter. Wealth Enhancement Advisory Services LLC now owns 15,664 shares of the semiconductor company's stock worth $1,561,000 after purchasing an additional 11,346 shares during the period. Ritholtz Wealth Management grew its position in Cirrus Logic by 57.8% in the 1st quarter. Ritholtz Wealth Management now owns 6,194 shares of the semiconductor company's stock worth $617,000 after purchasing an additional 2,269 shares during the period. Finally, Optas LLC purchased a new position in shares of Cirrus Logic during the 1st quarter worth $208,000. Institutional investors own 87.96% of the company's stock.

Wall Street Analyst Weigh In

Several research analysts have recently weighed in on the stock. Stifel Nicolaus lifted their price target on shares of Cirrus Logic from $120.00 to $130.00 and gave the stock a "buy" rating in a research note on Friday, September 12th. Weiss Ratings reiterated a "hold (c)" rating on shares of Cirrus Logic in a research note on Wednesday, October 8th. 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 research analysts have rated the stock with a Buy rating and two have issued a Hold rating to the stock. According to MarketBeat.com, the stock presently has an average rating of "Moderate Buy" and a consensus price target of $123.00.

Insider Activity at Cirrus Logic

In other Cirrus Logic news, EVP Scott Thomas sold 11,089 shares of the business's stock in a transaction on Thursday, September 18th. The shares were sold at an average price of $121.49, for a total value of $1,347,202.61. Following the sale, the executive vice president owned 26,307 shares in the company, valued at $3,196,037.43. The trade was a 29.65% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, EVP Jeffrey W. Baumgartner sold 10,000 shares of the business's stock in a transaction on Tuesday, September 2nd. The stock was sold at an average price of $111.78, for a total transaction of $1,117,800.00. Following the completion of the sale, the executive vice president owned 14,001 shares in the company, valued at approximately $1,565,031.78. The trade was a 41.66% decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders have sold 32,453 shares of company stock worth $3,821,790. 1.16% of the stock is owned by corporate insiders.

Cirrus Logic Stock Performance

CRUS opened at $120.63 on Tuesday. Cirrus Logic, Inc. has a fifty-two week low of $75.83 and a fifty-two week high of $129.56. The firm's fifty day moving average is $117.04 and its 200 day moving average is $105.60. The stock has a market cap of $6.19 billion, a price-to-earnings ratio of 18.88 and a beta of 1.09.

Cirrus Logic (NASDAQ:CRUS - Get Free Report) last released its earnings results on Tuesday, August 5th. The semiconductor company reported $1.51 earnings per share for the quarter, beating analysts' consensus estimates of $1.07 by $0.44. Cirrus Logic had a net margin of 18.15% and a return on equity of 18.38%. The company had revenue of $407.27 million for the quarter, compared to analysts' expectations of $361.97 million. During the same quarter in the previous year, the company earned $1.12 EPS. Cirrus Logic's revenue for the quarter was up 8.9% on a year-over-year basis. Cirrus Logic has set its Q2 2026 guidance at EPS. On average, equities research analysts predict that Cirrus Logic, Inc. will post 5.63 earnings per share for the current year.

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.

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