Focus Partners Advisor Solutions LLC purchased a new stake in Cirrus Logic, Inc. (NASDAQ:CRUS - Free Report) in the 1st quarter, according to the company in its most recent 13F filing with the SEC. The fund purchased 2,519 shares of the semiconductor company's stock, valued at approximately $251,000.
A number of other hedge funds also recently bought and sold shares of the business. Man Group plc increased its position in shares of Cirrus Logic by 4.7% in the fourth quarter. Man Group plc now owns 110,007 shares of the semiconductor company's stock valued at $10,954,000 after buying an additional 4,976 shares in the last quarter. UMB Bank n.a. grew its stake in 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 during the period. Aaron Wealth Advisors LLC acquired a new stake in Cirrus Logic in the 1st quarter valued at $360,000. Wealth Enhancement Advisory Services LLC increased its holdings in Cirrus Logic by 262.8% in the 1st quarter. Wealth Enhancement Advisory Services LLC now owns 15,664 shares of the semiconductor company's stock worth $1,561,000 after acquiring an additional 11,346 shares in the last quarter. Finally, Janney Montgomery Scott LLC raised its position in Cirrus Logic by 130.5% during the first quarter. Janney Montgomery Scott LLC now owns 6,898 shares of the semiconductor company's stock worth $687,000 after acquiring an additional 3,906 shares during the period. Hedge funds and other institutional investors own 87.96% of the company's stock.
Insider Buying and Selling
In other Cirrus Logic news, EVP Jeffrey W. Baumgartner sold 10,000 shares of the business's stock in a transaction 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 transaction, the executive vice president owned 14,001 shares of the company's stock, valued at approximately $1,565,031.78. The trade was a 41.66% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. Insiders own 1.16% of the company's stock.
Cirrus Logic Price Performance
CRUS traded up $1.61 on Friday, reaching $116.79. 693,749 shares of the company's stock were exchanged, compared to its average volume of 477,100. Cirrus Logic, Inc. has a twelve month low of $75.83 and a twelve month high of $135.47. The stock has a market cap of $5.99 billion, a PE ratio of 18.28 and a beta of 1.02. The stock's fifty day moving average price is $108.66 and its 200-day moving average price is $102.46.
Cirrus Logic (NASDAQ:CRUS - Get Free Report) last released its quarterly earnings data on Tuesday, August 5th. The semiconductor company reported $1.51 EPS for the quarter, beating analysts' consensus estimates of $1.07 by $0.44. The company had revenue of $407.27 million during the quarter, compared to the consensus estimate of $361.97 million. Cirrus Logic had a net margin of 18.15% and a return on equity of 18.38%. Cirrus Logic's quarterly revenue was up 8.9% on a year-over-year basis. During the same quarter in the prior year, the firm earned $1.12 EPS. Cirrus Logic has set its Q2 2026 guidance at EPS. As a group, research analysts predict that Cirrus Logic, Inc. will post 5.63 earnings per share for the current fiscal year.
Wall Street Analyst Weigh In
CRUS has been the topic of several research analyst reports. Stifel Nicolaus lifted their target price on shares of Cirrus Logic from $120.00 to $130.00 and gave the company a "buy" rating in a research report on Friday. Wall Street Zen lowered shares of Cirrus Logic from a "strong-buy" rating to a "buy" rating in a research note 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's stock. According to MarketBeat.com, the company has an average rating of "Moderate Buy" and an average target price of $123.00.
Check Out Our Latest Report on Cirrus Logic
Cirrus Logic Company Profile
(
Free Report)
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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