Cirrus Logic, Inc. $CRUS Shares Acquired by Fuller & Thaler Asset Management Inc.

Key Points

• Fuller & Thaler Asset Management Inc. increased its stake in Cirrus Logic by 0.3%, acquiring an additional 4,403 shares, bringing its total ownership to 1,590,744 shares valued at approximately $158.5 million.
• Institutional investors now hold 87.96% of Cirrus Logic's stock, indicating a strong institutional interest in the company.
• Cirrus Logic reported $1.51 earnings per share for the most recent quarter, exceeding analyst expectations, and announced a $500 million share buyback plan as an indication of confidence in its valuation.

Fuller & Thaler Asset Management Inc. boosted its stake in shares of Cirrus Logic, Inc. (NASDAQ:CRUS - Free Report) by 0.3% in the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 1,590,744 shares of the semiconductor company's stock after buying an additional 4,403 shares during the quarter. Fuller & Thaler Asset Management Inc. owned approximately 2.99% of Cirrus Logic worth $158,518,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in CRUS. May Hill Capital LLC increased its position in Cirrus Logic by 5.4% during the 1st quarter. May Hill Capital LLC now owns 2,220 shares of the semiconductor company's stock valued at $221,000 after purchasing an additional 113 shares during the period. Beverly Hills Private Wealth LLC increased its position in Cirrus Logic by 3.7% during the 1st quarter. Beverly Hills Private Wealth LLC now owns 3,440 shares of the semiconductor company's stock valued at $343,000 after purchasing an additional 124 shares during the period. Kovitz Investment Group Partners LLC increased its position in Cirrus Logic by 4.2% during the 1st quarter. Kovitz Investment Group Partners LLC now owns 3,769 shares of the semiconductor company's stock valued at $376,000 after purchasing an additional 151 shares during the period. Allworth Financial LP increased its position in Cirrus Logic by 2.5% during the 1st quarter. Allworth Financial LP now owns 6,246 shares of the semiconductor company's stock valued at $577,000 after purchasing an additional 154 shares during the period. Finally, MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. increased its position in Cirrus Logic by 17.2% during the 4th quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 1,057 shares of the semiconductor company's stock valued at $105,000 after purchasing an additional 155 shares during the period. Institutional investors own 87.96% of the company's stock.

Cirrus Logic Price Performance

NASDAQ:CRUS traded up $3.41 during trading hours on Friday, hitting $117.38. 385,234 shares of the company were exchanged, compared to its average volume of 622,951. The stock has a market capitalization of $6.03 billion, a price-to-earnings ratio of 18.37 and a beta of 0.92. Cirrus Logic, Inc. has a 52-week low of $75.83 and a 52-week high of $147.46. The company's 50 day moving average price is $106.01 and its 200-day moving average price is $101.68.

Cirrus Logic (NASDAQ:CRUS - Get Free Report) last released its earnings results on Tuesday, August 5th. The semiconductor company reported $1.51 earnings per share for the quarter, topping 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 net margin of 18.15% and a return on equity of 18.38%. Cirrus Logic's revenue was up 8.9% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $1.12 EPS. Cirrus Logic has set its Q2 2026 guidance at EPS. On average, equities analysts predict that Cirrus Logic, Inc. will post 5.63 earnings per share for the current year.

Cirrus Logic announced that its Board of Directors has approved a stock repurchase plan on Tuesday, May 6th that allows the company to buyback $500.00 million in shares. This buyback authorization allows the semiconductor company to purchase up to 9.6% of its stock through open market purchases. Stock buyback plans are generally an indication that the company's management believes its stock is undervalued.

Insider Activity at Cirrus Logic

In other Cirrus Logic news, EVP Jeffrey W. Baumgartner sold 10,000 shares of Cirrus Logic 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 $1,000,000.00. Following the completion of the sale, the executive vice president directly owned 14,001 shares in the company, valued at approximately $1,400,100. The trade was a 41.66% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Also, EVP Carl Jackson Alberty sold 2,000 shares of Cirrus Logic 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 sale, the executive vice president owned 41,645 shares of the company's stock, valued at approximately $4,164,500. The trade was a 4.58% decrease in their ownership of the stock. The disclosure for this sale can be found here. 1.16% of the stock is currently owned by insiders.

Analyst Ratings Changes

A number of research analysts have commented on the stock. Barclays raised their target price on shares of Cirrus Logic from $80.00 to $90.00 and gave the company an "equal weight" rating in a research report on Wednesday, May 7th. Wall Street Zen downgraded shares of Cirrus Logic from a "strong-buy" rating to a "buy" rating in a research report on Monday, August 11th. Finally, Stifel Nicolaus set a $120.00 price objective on shares of Cirrus Logic in a research report on Wednesday, May 7th. Four investment analysts have rated the stock with a Buy rating and one has given a Hold rating to the stock. According to data from MarketBeat, the stock 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.