EP Wealth Advisors LLC Raises Stake in 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 boosted its position in Cirrus Logic, Inc. (NASDAQ:CRUS - Free Report) by 69.4% in the 1st quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 5,644 shares of the semiconductor company's stock after purchasing an additional 2,312 shares during the quarter. EP Wealth Advisors LLC's holdings in Cirrus Logic were worth $562,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors have also recently added to or reduced their stakes in CRUS. Ameriprise Financial Inc. raised its stake in Cirrus Logic by 98.0% in 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 during the last quarter. Nuveen LLC acquired a new position in Cirrus Logic in the 1st quarter valued at about $49,364,000. Deutsche Bank AG raised its stake in Cirrus Logic by 139.4% in 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 during the last quarter. Mackenzie Financial Corp raised its stake in Cirrus Logic by 12.0% in 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 during the last quarter. Finally, Panagora Asset Management Inc. raised its stake in Cirrus Logic by 64.4% in 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 during the last quarter. Institutional investors and hedge funds own 87.96% of the company's stock.

Cirrus Logic Trading Up 1.4%

Shares of NASDAQ CRUS traded up $1.61 on Friday, reaching $116.79. 693,749 shares of the company traded hands, compared to its average volume of 477,100. Cirrus Logic, Inc. has a fifty-two week low of $75.83 and a fifty-two week high of $135.47. The company has a 50 day moving average of $108.66 and a 200 day moving average of $102.46. The stock has a market capitalization of $5.99 billion, a PE 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 analysts' consensus estimates 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 analysts' expectations of $361.97 million. During the same quarter in the previous year, the business earned $1.12 EPS. The company's revenue for the quarter was up 8.9% on a year-over-year basis. Cirrus Logic has set its Q2 2026 guidance at EPS. As a group, research analysts expect that Cirrus Logic, Inc. will post 5.63 earnings per share for the current year.

Insider Activity

In other news, EVP Jeffrey W. Baumgartner sold 10,000 shares of the business'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. The trade was a 41.66% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Insiders own 1.16% of the company's stock.

Analyst Upgrades and Downgrades

A number of research analysts have recently commented on the stock. 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 upped their price objective on shares of Cirrus Logic from $120.00 to $130.00 and gave the company a "buy" rating in a research note on Friday. Four research analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the company's stock. Based on data from MarketBeat.com, Cirrus Logic has an average rating of "Moderate Buy" and an average target price of $123.00.

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.