Ieq Capital LLC Purchases 37,819 Shares of Cirrus Logic, Inc. $CRUS

Key Points

• Ieq Capital LLC significantly increased its stake in Cirrus Logic, Inc. by 1,658.0%, acquiring a total of 40,100 shares valued at approximately $4 million by the end of the first quarter.
• Analysts have raised **Cirrus Logic's** price targets, with Barclays increasing it from $80 to $90 and Stifel Nicolaus setting a target of $120, indicating strong market confidence.
• Cirrus Logic's latest earnings report revealed an EPS of $1.51, exceeding estimates and showcasing an 8.9% year-over-year revenue growth of $407.27 million.

Ieq Capital LLC increased its position in Cirrus Logic, Inc. (NASDAQ:CRUS - Free Report) by 1,658.0% in the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 40,100 shares of the semiconductor company's stock after purchasing an additional 37,819 shares during the quarter. Ieq Capital LLC owned 0.08% of Cirrus Logic worth $3,996,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors and hedge funds have also made changes to their positions in the company. Banque Cantonale Vaudoise acquired a new stake in Cirrus Logic in the first quarter valued at $30,000. N.E.W. Advisory Services LLC acquired a new stake in shares of Cirrus Logic in the 1st quarter worth about $50,000. UMB Bank n.a. increased its holdings in shares of Cirrus Logic by 124.5% in the 1st quarter. UMB Bank n.a. now owns 523 shares of the semiconductor company's stock worth $52,000 after acquiring an additional 290 shares during the period. Menard Financial Group LLC bought a new position in Cirrus Logic in the 4th quarter valued at about $67,000. Finally, MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. grew its position in Cirrus Logic by 17.2% in 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 buying an additional 155 shares in the last quarter. 87.96% of the stock is currently owned by hedge funds and other institutional investors.

Cirrus Logic Stock Up 1.9%

Cirrus Logic stock traded up $2.10 on Thursday, hitting $115.26. The company's stock had a trading volume of 299,838 shares, compared to its average volume of 493,072. The firm has a market cap of $5.92 billion, a P/E ratio of 18.04 and a beta of 1.02. The company has a fifty day moving average price of $107.76 and a 200-day moving average price of $102.22. Cirrus Logic, Inc. has a one year low of $75.83 and a one year high of $139.90.

Cirrus Logic (NASDAQ:CRUS - Get Free Report) last announced 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 firm had revenue of $407.27 million for the quarter, compared to analyst estimates of $361.97 million. Cirrus Logic had a net margin of 18.15% and a return on equity of 18.38%. The business's revenue for the quarter was up 8.9% on a year-over-year basis. During the same quarter in the previous year, the firm posted $1.12 EPS. Cirrus Logic has set its Q2 2026 guidance at EPS. Analysts anticipate that Cirrus Logic, Inc. will post 5.63 EPS for the current year.

Insider Buying and Selling at Cirrus Logic

In other news, EVP Jeffrey W. Baumgartner sold 10,000 shares of the company's stock in a transaction dated Tuesday, September 2nd. The shares were sold at an average price of $111.78, for a total value of $1,117,800.00. Following the sale, the executive vice president owned 14,001 shares of the company's stock, valued at approximately $1,565,031.78. This represents a 41.66% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Insiders own 1.16% of the company's stock.

Analysts Set New Price Targets

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