Scientech Research LLC Increases Position in Cirrus Logic, Inc. $CRUS

Key Points

• Scientech Research LLC significantly increased its investment in Cirrus Logic by 153.1% in Q1, now holding 7,320 shares valued at approximately $729,000.
• Cirrus Logic reported a quarterly EPS of $1.51, surpassing analyst expectations, with revenue reaching $407.27 million, an 8.9% year-over-year increase.
• Despite a strong quarterly performance, Wall Street analysts have downgraded Cirrus Logic's rating from "strong-buy" to "buy," with a consensus price target of $121.00.

Scientech Research LLC increased its holdings in Cirrus Logic, Inc. (NASDAQ:CRUS - Free Report) by 153.1% in the first quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 7,320 shares of the semiconductor company's stock after buying an additional 4,428 shares during the period. Scientech Research LLC's holdings in Cirrus Logic were worth $729,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other large investors also recently bought and sold shares of CRUS. AQR Capital Management LLC raised its stake in Cirrus Logic by 131.5% in the first quarter. AQR Capital Management LLC now owns 1,063,813 shares of the semiconductor company's stock worth $103,456,000 after buying an additional 604,337 shares in the last quarter. Ameriprise Financial Inc. raised its stake in Cirrus Logic by 98.0% in the first quarter. Ameriprise Financial Inc. now owns 1,117,526 shares of the semiconductor company's stock worth $111,380,000 after buying an additional 553,169 shares in the last quarter. Nuveen LLC bought a new position in Cirrus Logic in the first quarter worth approximately $49,364,000. Deutsche Bank AG raised its stake in Cirrus Logic by 139.4% in the fourth quarter. Deutsche Bank AG now owns 586,733 shares of the semiconductor company's stock worth $58,427,000 after buying an additional 341,615 shares in the last quarter. Finally, Mackenzie Financial Corp raised its stake in Cirrus Logic by 12.0% in the fourth quarter. Mackenzie Financial Corp now owns 1,835,186 shares of the semiconductor company's stock worth $182,748,000 after buying an additional 196,483 shares in the last quarter. Institutional investors own 87.96% of the company's stock.

Analysts Set New Price Targets

A number of equities analysts have recently issued reports on the company. Stifel Nicolaus upped their price target on Cirrus Logic from $120.00 to $130.00 and gave the stock a "buy" rating in a research report on Friday. Wall Street Zen downgraded Cirrus Logic from a "strong-buy" rating to a "buy" rating in a research report on Monday, August 11th. Four research 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 stock presently has a consensus rating of "Moderate Buy" and a consensus target price of $123.00.

Cirrus Logic Trading Up 1.4%

Shares of CRUS stock traded up $1.61 during trading hours on Friday, reaching $116.79. 693,749 shares of the company's stock were exchanged, compared to its average volume of 485,013. The stock's 50 day moving average is $108.66 and its 200-day moving average is $102.41. The company has a market cap of $5.99 billion, a price-to-earnings ratio of 18.28 and a beta of 1.02. Cirrus Logic, Inc. has a fifty-two week low of $75.83 and a fifty-two week high of $135.47.

Cirrus Logic (NASDAQ:CRUS - Get Free Report) last announced its quarterly earnings data 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. The firm had revenue of $407.27 million for the quarter, compared to analyst estimates of $361.97 million. Cirrus Logic had a net margin of 18.15% and a return on equity of 18.38%. The business's quarterly revenue was up 8.9% compared to the same quarter last year. During the same period in the previous year, the company earned $1.12 earnings per share. Cirrus Logic has set its Q2 2026 guidance at EPS. Equities analysts anticipate that Cirrus Logic, Inc. will post 5.63 EPS for the current year.

Insider Buying and Selling at Cirrus Logic

In other news, EVP Jeffrey W. Baumgartner sold 10,000 shares of the business's stock in a transaction on Tuesday, September 2nd. The shares were sold at an average price of $111.78, for a total transaction of $1,117,800.00. Following the sale, the executive vice president directly owned 14,001 shares of the company's stock, valued at $1,565,031.78. The trade was a 41.66% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. 1.16% of the stock is owned by company insiders.

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.