Optimize Financial Inc Purchases 4,402 Shares of Cirrus Logic, Inc. $CRUS

Key Points

• Optimize Financial Inc increased its stake in Cirrus Logic by 33.6%, owning 17,484 shares valued at approximately $1.74 million.
• Cirrus Logic's stock has received a Moderate Buy rating from analysts, with an average target price of $121.00 per share.
• Insider sales included 10,000 shares sold by EVP Jeffrey W. Baumgartner, which represents a significant 41.66% decrease in his holding in Cirrus Logic.

Optimize Financial Inc boosted its holdings in Cirrus Logic, Inc. (NASDAQ:CRUS - Free Report) by 33.6% during the first quarter, according to the company in its most recent disclosure with the SEC. The firm owned 17,484 shares of the semiconductor company's stock after purchasing an additional 4,402 shares during the quarter. Cirrus Logic comprises 0.7% of Optimize Financial Inc's portfolio, making the stock its 26th largest position. Optimize Financial Inc's holdings in Cirrus Logic were worth $1,742,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also bought and sold shares of CRUS. Banque Cantonale Vaudoise purchased a new stake in Cirrus Logic in the first quarter worth about $30,000. N.E.W. Advisory Services LLC purchased a new stake in Cirrus Logic in the first quarter worth about $50,000. UMB Bank n.a. grew its holdings in Cirrus Logic by 124.5% in 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 purchased a new stake in Cirrus Logic in the fourth quarter worth about $67,000. Finally, MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. grew its holdings in Cirrus Logic by 17.2% in 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. Hedge funds and other institutional investors own 87.96% of the company's stock.

Cirrus Logic Trading Up 1.4%

CRUS stock traded up $1.61 on Friday, hitting $116.79. The company had a trading volume of 693,749 shares, compared to its average volume of 477,100. Cirrus Logic, Inc. has a 12-month low of $75.83 and a 12-month high of $135.47. The stock's 50-day simple moving average is $108.66 and its 200 day simple moving average is $102.41. The stock has a market cap of $6.00 billion, a price-to-earnings ratio of 18.28 and a beta of 1.02.

Cirrus Logic (NASDAQ:CRUS - Get Free Report) last issued its earnings results on Tuesday, August 5th. The semiconductor company reported $1.51 earnings per share (EPS) for the quarter, topping 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 company had revenue of $407.27 million for the quarter, compared to analysts' expectations of $361.97 million. During the same quarter last year, the company posted $1.12 earnings per share. The firm's quarterly revenue was up 8.9% on a year-over-year basis. Cirrus Logic has set its Q2 2026 guidance at EPS. Research analysts forecast that Cirrus Logic, Inc. will post 5.63 earnings per share for the current year.

Insiders Place Their Bets

In other Cirrus Logic news, EVP Jeffrey W. Baumgartner sold 10,000 shares of the stock in a transaction that occurred on 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 transaction, the executive vice president directly owned 14,001 shares in the company, valued at approximately $1,565,031.78. This trade represents a 41.66% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Insiders own 1.16% of the company's stock.

Analysts Set New Price Targets

A number of equities research analysts have weighed in on CRUS shares. Wall Street Zen cut shares of Cirrus Logic from a "strong-buy" rating to a "buy" rating in a report on Monday, August 11th. Stifel Nicolaus increased their price target on shares of Cirrus Logic from $120.00 to $130.00 and gave the company a "buy" rating in a report on Friday. Four research analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the stock. Based on data from MarketBeat.com, the company currently has a consensus rating of "Moderate Buy" and an average target price of $123.00.

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.