EP Wealth Advisors LLC Buys 2,312 Shares of Cirrus Logic, Inc. $CRUS

Key Points

• EP Wealth Advisors LLC increased its holdings in Cirrus Logic, Inc. by 69.4% to a total of 5,644 shares, reflecting growing confidence in the semiconductor company.
• Cirrus Logic reported a quarterly earnings per share (EPS) of $1.51, significantly exceeding analysts' expectations of $1.07, demonstrating strong financial performance.
• Institutional investors collectively own 87.96% of Cirrus Logic's stock, indicating a robust interest from larger investment entities.

EP Wealth Advisors LLC lifted its holdings in shares of Cirrus Logic, Inc. (NASDAQ:CRUS - Free Report) by 69.4% in the 1st quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 5,644 shares of the semiconductor company's stock after buying an additional 2,312 shares during the period. EP Wealth Advisors LLC's holdings in Cirrus Logic were worth $562,000 at the end of the most recent reporting period.

A number of other institutional investors have also recently added to or reduced their stakes in CRUS. Ameriprise Financial Inc. boosted its stake in Cirrus Logic by 98.0% during the 1st quarter. Ameriprise Financial Inc. now owns 1,117,526 shares of the semiconductor company's stock valued at $111,380,000 after purchasing an additional 553,169 shares in the last quarter. Nuveen LLC bought a new position in Cirrus Logic during the 1st quarter valued at $49,364,000. Deutsche Bank AG boosted its stake in Cirrus Logic by 139.4% during the 4th quarter. Deutsche Bank AG now owns 586,733 shares of the semiconductor company's stock valued at $58,427,000 after purchasing an additional 341,615 shares in the last quarter. Mackenzie Financial Corp boosted its stake in Cirrus Logic by 12.0% during the 4th quarter. Mackenzie Financial Corp now owns 1,835,186 shares of the semiconductor company's stock valued at $182,748,000 after purchasing an additional 196,483 shares in the last quarter. Finally, Panagora Asset Management Inc. boosted its stake in Cirrus Logic by 64.4% during the 1st quarter. Panagora Asset Management Inc. now owns 479,998 shares of the semiconductor company's stock valued at $47,834,000 after purchasing an additional 188,093 shares in the last quarter. 87.96% of the stock is currently owned by institutional investors and hedge funds.

Cirrus Logic Stock Performance

Shares of NASDAQ:CRUS traded down $1.01 during midday trading on Tuesday, hitting $116.42. The company's stock had a trading volume of 586,018 shares, compared to its average volume of 465,264. The stock has a market capitalization of $5.98 billion, a price-to-earnings ratio of 18.22 and a beta of 1.02. The stock's 50 day simple moving average is $108.37 and its 200 day simple moving average is $102.28. Cirrus Logic, Inc. has a fifty-two week low of $75.83 and a fifty-two week high of $137.73.

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. The company had revenue of $407.27 million for the quarter, compared to the consensus estimate of $361.97 million. Cirrus Logic had a return on equity of 18.38% and a net margin of 18.15%.The firm's revenue was up 8.9% compared to the same quarter last year. During the same period last year, the business posted $1.12 earnings per share. Cirrus Logic has set its Q2 2026 guidance at EPS. As a group, analysts anticipate that Cirrus Logic, Inc. will post 5.63 EPS for the current year.

Insider Activity

In other news, EVP Jeffrey W. Baumgartner sold 10,000 shares of the firm's stock in a transaction dated Tuesday, September 2nd. The stock was sold at an average price of $111.78, for a total value of $1,117,800.00. Following the sale, the executive vice president directly owned 14,001 shares of the company's stock, valued at approximately $1,565,031.78. This trade represents a 41.66% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Corporate insiders own 1.16% of the company's stock.

Analyst Ratings Changes

Separately, Wall Street Zen lowered Cirrus Logic from a "strong-buy" rating to a "buy" rating in a research note on Monday, August 11th. Four investment analysts have rated the stock with a Buy rating and one has given a Hold rating to the company. Based on data from MarketBeat, the company presently has a consensus rating of "Moderate Buy" and an average price target of $121.00.

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.