Focus Partners Advisor Solutions LLC Makes New $251,000 Investment in Cirrus Logic, Inc. $CRUS

Focus Partners Advisor Solutions LLC bought a new position in Cirrus Logic, Inc. (NASDAQ:CRUS - Free Report) in the 1st quarter, according to its most recent filing with the SEC. The institutional investor bought 2,519 shares of the semiconductor company's stock, valued at approximately $251,000.

Several other hedge funds have also made changes to their positions in CRUS. Ameriprise Financial Inc. lifted its holdings in shares of Cirrus Logic by 98.0% in the 1st quarter. Ameriprise Financial Inc. now owns 1,117,526 shares of the semiconductor company's stock worth $111,380,000 after buying an additional 553,169 shares during the period. Nuveen LLC purchased a new stake in shares of Cirrus Logic in the 1st quarter worth $49,364,000. Deutsche Bank AG lifted its holdings in shares of Cirrus Logic by 139.4% in the 4th quarter. Deutsche Bank AG now owns 586,733 shares of the semiconductor company's stock worth $58,427,000 after buying an additional 341,615 shares during the period. Mackenzie Financial Corp lifted its holdings in shares of Cirrus Logic by 12.0% in the 4th quarter. Mackenzie Financial Corp now owns 1,835,186 shares of the semiconductor company's stock worth $182,748,000 after buying an additional 196,483 shares during the period. Finally, Panagora Asset Management Inc. lifted its holdings in shares of Cirrus Logic by 64.4% in the 1st quarter. Panagora Asset Management Inc. now owns 479,998 shares of the semiconductor company's stock worth $47,834,000 after buying an additional 188,093 shares during the period. 87.96% of the stock is currently owned by hedge funds and other institutional investors.

Cirrus Logic Price Performance

Shares of NASDAQ CRUS opened at $115.72 on Monday. The stock has a market capitalization of $5.94 billion, a P/E ratio of 18.11 and a beta of 1.02. Cirrus Logic, Inc. has a 1-year low of $75.83 and a 1-year high of $138.21. The business has a fifty day moving average price of $107.96 and a 200 day moving average price of $102.12.

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 for the quarter, topping analysts' consensus estimates of $1.07 by $0.44. The firm had revenue of $407.27 million during the quarter, compared to analysts' expectations of $361.97 million. Cirrus Logic had a return on equity of 18.38% and a net margin of 18.15%.The firm's quarterly revenue was up 8.9% on a year-over-year basis. During the same period in the prior year, the business posted $1.12 EPS. Cirrus Logic has set its Q2 2026 guidance at EPS. As a group, equities research analysts anticipate that Cirrus Logic, Inc. will post 5.63 earnings per share for the current fiscal year.

Insider Buying and Selling

In other Cirrus Logic news, EVP Jeffrey W. Baumgartner sold 10,000 shares of the 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 completion of the sale, the executive vice president directly owned 14,001 shares in the company, valued at approximately $1,565,031.78. This trade represents a 41.66% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. Company insiders own 1.16% of the company's stock.

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 investment 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, Cirrus Logic presently has an average rating of "Moderate Buy" and an average price target of $121.00.

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.

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