Inspire Investing LLC Cuts Stock Position in Cirrus Logic, Inc. $CRUS

Key Points

• Inspire Investing LLC significantly reduced its stake in Cirrus Logic, Inc. by 61.3% during Q2, leaving it with 4,616 shares worth approximately $481,000.
• Despite some selling from major stakeholders, other institutional investors, like Blue Trust Inc., have increased their positions in Cirrus Logic, highlighting ongoing interest in the semiconductor company's stock.
• Cirrus Logic reported strong Q3 earnings, with an EPS of $1.51, exceeding expectations and showing a year-over-year revenue increase of 8.9% to $407.27 million.

Inspire Investing LLC lowered its stake in Cirrus Logic, Inc. (NASDAQ:CRUS - Free Report) by 61.3% during the 2nd quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 4,616 shares of the semiconductor company's stock after selling 7,310 shares during the period. Inspire Investing LLC's holdings in Cirrus Logic were worth $481,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds and other institutional investors also recently made changes to their positions in the stock. Blue Trust Inc. lifted its position in Cirrus Logic by 4.0% in the 2nd quarter. Blue Trust Inc. now owns 7,673 shares of the semiconductor company's stock valued at $800,000 after acquiring an additional 297 shares in the last quarter. Callan Family Office LLC bought a new position in Cirrus Logic in the 2nd quarter valued at approximately $615,000. Louisiana State Employees Retirement System lifted its position in Cirrus Logic by 0.7% in the 2nd quarter. Louisiana State Employees Retirement System now owns 15,000 shares of the semiconductor company's stock valued at $1,564,000 after acquiring an additional 100 shares in the last quarter. KLP Kapitalforvaltning AS lifted its position in Cirrus Logic by 3.8% in the 2nd quarter. KLP Kapitalforvaltning AS now owns 18,900 shares of the semiconductor company's stock valued at $1,970,000 after acquiring an additional 700 shares in the last quarter. Finally, RMG Wealth Management LLC bought a new position in Cirrus Logic in the 2nd quarter valued at approximately $30,000. Hedge funds and other institutional investors own 87.96% of the company's stock.

Cirrus Logic Stock Performance

Shares of Cirrus Logic stock opened at $115.68 on Monday. Cirrus Logic, Inc. has a one year low of $75.83 and a one year high of $129.56. The stock's fifty day moving average is $116.74 and its 200 day moving average is $105.45. The stock has a market cap of $5.94 billion, a P/E ratio of 18.10 and a beta of 1.09.

Cirrus Logic (NASDAQ:CRUS - Get Free Report) last announced its earnings results on Tuesday, August 5th. The semiconductor company reported $1.51 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 company had revenue of $407.27 million for the quarter, compared to analysts' expectations of $361.97 million. During the same period last year, the firm earned $1.12 EPS. Cirrus Logic's revenue for the quarter was up 8.9% compared to the same quarter last year. Cirrus Logic has set its Q2 2026 guidance at EPS. Analysts predict that Cirrus Logic, Inc. will post 5.63 EPS for the current year.

Analyst Upgrades and Downgrades

Several research firms recently issued reports on CRUS. Stifel Nicolaus upped their price objective on Cirrus Logic from $120.00 to $130.00 and gave the company a "buy" rating in a research report on Friday, September 12th. Weiss Ratings reaffirmed a "hold (c)" rating on shares of Cirrus Logic in a research report on Wednesday, October 8th. Finally, Wall Street Zen cut Cirrus Logic from a "strong-buy" rating to a "buy" rating in a report on Monday, August 11th. Four equities research analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the company's stock. According to MarketBeat.com, Cirrus Logic has a consensus rating of "Moderate Buy" and an average target price of $123.00.

Insider Buying and Selling

In other Cirrus Logic news, EVP Denise Grode sold 2,202 shares of the firm's stock in a transaction dated Monday, September 15th. The stock was sold at an average price of $116.87, for a total transaction of $257,347.74. Following the sale, the executive vice president directly owned 5,698 shares of the company's stock, valued at $665,925.26. This trade represents a 27.87% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, EVP Scott Thomas sold 11,089 shares of the firm's stock in a transaction dated Thursday, September 18th. The shares were sold at an average price of $121.49, for a total value of $1,347,202.61. Following the sale, the executive vice president directly owned 26,307 shares in the company, valued at approximately $3,196,037.43. This represents a 29.65% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last three months, insiders have sold 32,453 shares of company stock valued at $3,821,790. 1.16% of the stock is owned by company insiders.

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.

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