Jump Financial LLC Sells 18,303 Shares of Cirrus Logic, Inc. $CRUS

Key Points

• Jump Financial LLC reduced its holdings in Cirrus Logic, Inc. by 77.5%, selling 18,303 shares and ending with 5,314 shares valued at $530,000.
• Several institutional investors, including Hotchkis & Wiley and Ameriprise Financial, increased their stakes in Cirrus Logic during the first quarter, with Ameriprise raising its stake by 98.0%.
• Cirrus Logic reported better-than-expected quarterly earnings with EPS of $1.51, exceeding estimates of $1.07, and announced a $500 million share repurchase plan.

Jump Financial LLC cut its position in Cirrus Logic, Inc. (NASDAQ:CRUS - Free Report) by 77.5% during the 1st quarter, according to the company in its most recent disclosure with the SEC. The firm owned 5,314 shares of the semiconductor company's stock after selling 18,303 shares during the period. Jump Financial LLC's holdings in Cirrus Logic were worth $530,000 at the end of the most recent reporting period.

Other hedge funds also recently bought and sold shares of the company. Banque Cantonale Vaudoise acquired a new stake in Cirrus Logic in the first quarter worth $30,000. N.E.W. Advisory Services LLC acquired a new stake in shares of Cirrus Logic during the first quarter worth $50,000. UMB Bank n.a. raised its holdings in shares of 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 acquiring an additional 290 shares during the period. Menard Financial Group LLC acquired a new stake in shares of Cirrus Logic during the fourth quarter worth $67,000. Finally, MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. raised its holdings in shares of 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 acquiring an additional 155 shares during the period. 87.96% of the stock is currently owned by institutional investors and hedge funds.

Insider Activity at Cirrus Logic

In other news, EVP Jeffrey W. Baumgartner sold 10,000 shares of Cirrus Logic stock in a transaction dated Tuesday, September 2nd. The shares were sold at an average price of $111.78, for a total value of $1,117,800.00. Following the completion of the transaction, the executive vice president owned 14,001 shares of the company's stock, valued at $1,565,031.78. This trade represents a 41.66% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available at this link. 1.16% of the stock is currently owned by company insiders.

Analyst Upgrades and Downgrades

Separately, Wall Street Zen lowered shares of Cirrus Logic from a "strong-buy" rating to a "buy" rating in a report 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's stock. Based on data from MarketBeat, the company currently has a consensus rating of "Moderate Buy" and an average price target of $121.00.

Cirrus Logic Price Performance

CRUS stock traded up $1.76 during midday trading on Friday, hitting $117.02. The company's stock had a trading volume of 63,732 shares, compared to its average volume of 629,134. Cirrus Logic, Inc. has a twelve month low of $75.83 and a twelve month high of $138.21. The company's fifty day moving average price is $107.76 and its 200 day moving average price is $102.22. The stock has a market capitalization of $6.01 billion, a P/E ratio of 18.31 and a beta of 1.02.

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

Cirrus Logic Company 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.