Cirrus Logic, Inc. $CRUS Stock Position Raised by Optimize Financial Inc

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 lifted its stake in shares of Cirrus Logic, Inc. (NASDAQ:CRUS - Free Report) by 33.6% in the 1st quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 17,484 shares of the semiconductor company's stock after acquiring an additional 4,402 shares during the quarter. Cirrus Logic accounts for 0.7% of Optimize Financial Inc's portfolio, making the stock its 26th largest holding. Optimize Financial Inc's holdings in Cirrus Logic were worth $1,742,000 as of its most recent filing with the Securities & Exchange Commission.

Several other large investors have also modified their holdings of the stock. Empowered Funds LLC boosted its stake in shares of Cirrus Logic by 2,953.7% during the 1st quarter. Empowered Funds LLC now owns 92,099 shares of the semiconductor company's stock worth $9,178,000 after acquiring an additional 89,083 shares in the last quarter. United Services Automobile Association acquired a new position in Cirrus Logic during the first quarter valued at $358,000. Scientech Research LLC raised its position in Cirrus Logic by 153.1% during the first quarter. Scientech Research LLC now owns 7,320 shares of the semiconductor company's stock valued at $729,000 after buying an additional 4,428 shares during the period. PharVision Advisers LLC acquired a new position in Cirrus Logic during the first quarter valued at $422,000. Finally, Nissay Asset Management Corp Japan ADV raised its position in Cirrus Logic by 9.9% during the first quarter. Nissay Asset Management Corp Japan ADV now owns 12,514 shares of the semiconductor company's stock valued at $1,247,000 after buying an additional 1,128 shares during the period. 87.96% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

Separately, Wall Street Zen lowered 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 issued a Hold rating to the company. According to MarketBeat.com, the company has an average rating of "Moderate Buy" and an average target price of $121.00.

Insider Activity

In other news, EVP Jeffrey W. Baumgartner sold 10,000 shares of the company's stock in a transaction dated 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. This represents a 41.66% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Company insiders own 1.16% of the company's stock.

Cirrus Logic Trading Up 1.5%

Shares of NASDAQ:CRUS opened at $117.43 on Tuesday. Cirrus Logic, Inc. has a 1 year low of $75.83 and a 1 year high of $137.73. The business has a fifty day simple moving average of $108.22 and a 200 day simple moving average of $102.18. The firm has a market cap of $6.03 billion, a price-to-earnings ratio of 18.38 and a beta of 1.02.

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 (EPS) for the quarter, topping the consensus estimate of $1.07 by $0.44. Cirrus Logic had a return on equity of 18.38% and a net margin of 18.15%.The business had revenue of $407.27 million during the quarter, compared to analyst estimates of $361.97 million. During the same period last year, the company earned $1.12 earnings per share. Cirrus Logic's quarterly revenue was up 8.9% compared to the same quarter last year. Cirrus Logic has set its Q2 2026 guidance at EPS. On average, sell-side analysts forecast that Cirrus Logic, Inc. will post 5.63 EPS 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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