Dark Forest Capital Management LP Purchases 30,335 Shares of Cirrus Logic, Inc. $CRUS

Key Points

• Dark Forest Capital Management LP significantly increased its stake in Cirrus Logic by over 450%, acquiring an additional 30,335 shares in the first quarter, bringing its total holdings to 37,067 shares valued at approximately $3.69 million.
• Several institutional investors, including Vanguard Group and Ameriprise Financial, have also increased their positions in Cirrus Logic, indicating strong institutional interest in the company.
• Cirrus Logic reported earnings per share of $1.51, exceeding analysts' expectations, along with a revenue of $407.27 million, up 8.9% year-over-year, highlighting its solid financial performance.

Dark Forest Capital Management LP boosted its position in shares of Cirrus Logic, Inc. (NASDAQ:CRUS - Free Report) by 450.6% in the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 37,067 shares of the semiconductor company's stock after purchasing an additional 30,335 shares during the period. Dark Forest Capital Management LP owned about 0.07% of Cirrus Logic worth $3,694,000 at the end of the most recent reporting period.

Other large investors have also recently added to or reduced their stakes in the company. Banque Cantonale Vaudoise bought a new position in Cirrus Logic during the 1st quarter worth about $30,000. N.E.W. Advisory Services LLC bought a new position in shares of Cirrus Logic in the 1st quarter valued at about $50,000. UMB Bank n.a. grew its holdings in shares of Cirrus Logic by 124.5% in the 1st quarter. UMB Bank n.a. now owns 523 shares of the semiconductor company's stock valued at $52,000 after acquiring an additional 290 shares in the last quarter. Menard Financial Group LLC bought a new position in shares of Cirrus Logic in the 4th quarter valued at about $67,000. Finally, MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. grew its holdings in shares of Cirrus Logic by 17.2% in the 4th quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 1,057 shares of the semiconductor company's stock valued at $105,000 after acquiring an additional 155 shares in the last quarter. Institutional investors own 87.96% of the company's stock.

Insider Activity

In other news, EVP Jeffrey W. Baumgartner sold 10,000 shares of the business's stock in a transaction that occurred on 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 $1,565,031.78. The trade was a 41.66% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. 1.16% of the stock is currently owned by corporate insiders.

Analysts Set New Price Targets

Separately, Wall Street Zen cut Cirrus Logic from a "strong-buy" rating to a "buy" rating in a 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. According to data from MarketBeat, Cirrus Logic presently has an average rating of "Moderate Buy" and a consensus target price of $121.00.

Cirrus Logic Stock Performance

Cirrus Logic stock traded up $0.46 during midday trading on Friday, reaching $115.72. 383,706 shares of the company's stock were exchanged, compared to its average volume of 474,785. Cirrus Logic, Inc. has a 52 week low of $75.83 and a 52 week high of $138.21. The firm has a market cap of $5.94 billion, a price-to-earnings ratio of 18.11 and a beta of 1.02. The stock's 50-day simple moving average is $107.96 and its 200 day simple moving average is $102.18.

Cirrus Logic (NASDAQ:CRUS - Get Free Report) last issued 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 net margin of 18.15% and a return on equity of 18.38%. The firm had revenue of $407.27 million during the quarter, compared to the consensus estimate of $361.97 million. During the same period last year, the business posted $1.12 earnings per share. The business's revenue for the quarter was up 8.9% compared to the same quarter last year. 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.

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.