Cirrus Logic, Inc. $CRUS Shares Sold by EntryPoint Capital LLC

Key Points

• EntryPoint Capital LLC reduced its holdings in Cirrus Logic by 47.8%, selling 2,528 shares for a total of $275,000.
• Analysts have expressed positive sentiment on Cirrus Logic, with four investment analysts issuing a Buy rating and raising the average target price to $121.00.
• Cirrus Logic recently announced a $500 million stock buyback program, signaling management's belief that the stock is undervalued.

EntryPoint Capital LLC lowered its position in Cirrus Logic, Inc. (NASDAQ:CRUS - Free Report) by 47.8% in the 1st quarter, according to its most recent 13F filing with the SEC. The firm owned 2,760 shares of the semiconductor company's stock after selling 2,528 shares during the period. EntryPoint Capital LLC's holdings in Cirrus Logic were worth $275,000 at the end of the most recent quarter.

Several other hedge funds have also bought and sold shares of the stock. Raymond James Financial Inc. bought a new position in Cirrus Logic during the 4th quarter valued at about $5,225,000. Mariner LLC grew its holdings in Cirrus Logic by 32.0% during the 4th quarter. Mariner LLC now owns 6,648 shares of the semiconductor company's stock valued at $662,000 after purchasing an additional 1,610 shares during the last quarter. NewEdge Advisors LLC grew its stake in Cirrus Logic by 107.2% in the 4th quarter. NewEdge Advisors LLC now owns 3,479 shares of the semiconductor company's stock worth $346,000 after acquiring an additional 1,800 shares in the last quarter. Dimensional Fund Advisors LP grew its stake in Cirrus Logic by 0.3% in the 4th quarter. Dimensional Fund Advisors LP now owns 1,247,535 shares of the semiconductor company's stock worth $124,234,000 after acquiring an additional 3,347 shares in the last quarter. Finally, MetLife Investment Management LLC grew its stake in Cirrus Logic by 8.5% in the 4th quarter. MetLife Investment Management LLC now owns 29,966 shares of the semiconductor company's stock worth $2,984,000 after acquiring an additional 2,355 shares in the last quarter. Hedge funds and other institutional investors own 87.96% of the company's stock.

Wall Street Analyst Weigh In

CRUS has been the topic of a number of research analyst reports. Wall Street Zen downgraded shares of Cirrus Logic from a "strong-buy" rating to a "buy" rating in a research note on Monday, August 11th. Stifel Nicolaus set a $120.00 target price on shares of Cirrus Logic in a research note on Wednesday, May 7th. Finally, Barclays upped their target price on shares of Cirrus Logic from $80.00 to $90.00 and gave the stock an "equal weight" rating in a research note on Wednesday, May 7th. Four analysts have rated the stock with a Buy rating and one has issued a Hold rating to the stock. According to MarketBeat, Cirrus Logic has a consensus rating of "Moderate Buy" and an average target price of $121.00.

Cirrus Logic Stock Down 0.4%

Shares of NASDAQ CRUS traded down $0.45 during midday trading on Thursday, reaching $116.75. 115,418 shares of the company's stock traded hands, compared to its average volume of 635,760. Cirrus Logic, Inc. has a one year low of $75.83 and a one year high of $147.46. The stock's 50 day simple moving average is $106.78 and its 200-day simple moving average is $101.88. The company has a market cap of $5.99 billion, a price-to-earnings ratio of 18.28 and a beta of 0.92.

Cirrus Logic (NASDAQ:CRUS - Get Free Report) last posted its earnings results on Tuesday, August 5th. The semiconductor company reported $1.51 EPS for the quarter, beating analysts' consensus estimates 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 during the quarter, compared to analysts' expectations of $361.97 million. During the same quarter in the prior year, the company posted $1.12 earnings per share. Cirrus Logic'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. Equities analysts predict that Cirrus Logic, Inc. will post 5.63 EPS for the current fiscal year.

Cirrus Logic announced that its Board of Directors has authorized a stock repurchase program on Tuesday, May 6th that authorizes the company to buyback $500.00 million in outstanding shares. This buyback authorization authorizes the semiconductor company to repurchase up to 9.6% of its shares through open market purchases. Shares buyback programs are often a sign that the company's board believes its shares are undervalued.

Insider Buying and Selling

In related news, EVP Carl Jackson Alberty sold 2,000 shares of the stock in a transaction that occurred on Tuesday, June 3rd. The shares were sold at an average price of $100.00, for a total transaction of $200,000.00. Following the completion of the sale, the executive vice president owned 41,645 shares of the company's stock, valued at $4,164,500. This represents a 4.58% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Also, EVP Jeffrey W. Baumgartner sold 10,000 shares of Cirrus Logic stock in a transaction on Tuesday, June 3rd. The stock was sold at an average price of $100.00, for a total transaction of $1,000,000.00. Following the sale, the executive vice president owned 14,001 shares of the company's stock, valued at $1,400,100. The trade was a 41.66% decrease in their ownership of the stock. The disclosure for this sale can be found here. Corporate insiders own 1.16% of the company's stock.

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.