Capital Fund Management S.A. Has $6.27 Million Position in Cirrus Logic, Inc. $CRUS

Key Points

• Capital Fund Management S.A. raised its stake in Cirrus Logic, Inc. by 55.3%, acquiring a total of 62,939 shares valued at approximately $6.27 million.
• Cirrus Logic recently reported a quarterly earnings per share (EPS) of $1.51, surpassing estimates by $0.44 and achieving 8.9% year-over-year revenue growth.
• The company initiated a stock repurchase plan, authorizing the buyback of $500 million in outstanding shares, indicating management’s belief that the stock is undervalued.

Capital Fund Management S.A. boosted its stake in shares of Cirrus Logic, Inc. (NASDAQ:CRUS - Free Report) by 55.3% in the first quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 62,939 shares of the semiconductor company's stock after purchasing an additional 22,408 shares during the quarter. Capital Fund Management S.A. owned about 0.12% of Cirrus Logic worth $6,272,000 at the end of the most recent quarter.

Other large investors have also recently added to or reduced their stakes in the company. Banque Cantonale Vaudoise bought a new stake in Cirrus Logic during the first quarter worth approximately $30,000. N.E.W. Advisory Services LLC bought a new stake in Cirrus Logic during the first quarter worth approximately $50,000. UMB Bank n.a. boosted its position in Cirrus Logic by 124.5% during the first quarter. UMB Bank n.a. now owns 523 shares of the semiconductor company's stock worth $52,000 after purchasing an additional 290 shares during the period. Menard Financial Group LLC bought a new stake in Cirrus Logic during the fourth quarter worth approximately $67,000. Finally, MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. boosted its position in Cirrus Logic by 17.2% during the fourth quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 1,057 shares of the semiconductor company's stock worth $105,000 after purchasing an additional 155 shares during the period. Institutional investors own 87.96% of the company's stock.

Cirrus Logic Price Performance

Shares of NASDAQ CRUS traded up $0.84 during trading hours on Wednesday, reaching $117.57. The stock had a trading volume of 321,442 shares, compared to its average volume of 637,626. The business's fifty day moving average is $106.52 and its two-hundred day moving average is $101.78. The company has a market cap of $6.03 billion, a price-to-earnings ratio of 18.40 and a beta of 0.92. Cirrus Logic, Inc. has a twelve month low of $75.83 and a twelve month high of $147.46.

Cirrus Logic (NASDAQ:CRUS - Get Free Report) last issued its earnings results on Tuesday, August 5th. The semiconductor company reported $1.51 EPS for the quarter, beating analysts' consensus estimates of $1.07 by $0.44. The business had revenue of $407.27 million during 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%.Cirrus Logic's revenue was up 8.9% on a year-over-year basis. During the same period in the prior year, the company posted $1.12 earnings per share. Cirrus Logic has set its Q2 2026 guidance at EPS. Sell-side analysts forecast that Cirrus Logic, Inc. will post 5.63 earnings per share for the current fiscal year.

Cirrus Logic declared that its board has initiated a stock repurchase program on Tuesday, May 6th that authorizes the company to buyback $500.00 million in shares. This buyback authorization authorizes the semiconductor company to repurchase up to 9.6% of its stock through open market purchases. Stock buyback programs are usually a sign that the company's board of directors believes its stock is undervalued.

Insiders Place Their Bets

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

Wall Street Analyst Weigh In

A number of brokerages have issued reports on CRUS. Stifel Nicolaus set a $120.00 target price on Cirrus Logic in a research report on Wednesday, May 7th. Barclays upped their target price on Cirrus Logic from $80.00 to $90.00 and gave the stock an "equal weight" rating in a research report on Wednesday, May 7th. 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 one has given a Hold rating to the company's stock. Based on data from MarketBeat.com, the company presently has an average rating of "Moderate Buy" and an average price target 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.