Lecap Asset Management Ltd. Takes $965,000 Position in Cirrus Logic, Inc. $CRUS

Key Points

• Lecap Asset Management Ltd. acquired a new stake in Cirrus Logic, Inc., purchasing 9,256 shares valued at approximately $965,000 during the second quarter.
• Significant institutional interest is evident as 87.96% of Cirrus Logic's stock is owned by institutional investors, including GAMMA Investing LLC, which dramatically increased its position by over 25,000%.
• Cirrus Logic recently reported earnings of $1.51 per share, exceeding analysts' expectations, and its stock has a favorable consensus rating of "Moderate Buy" with an average target price of $123.00.

Lecap Asset Management Ltd. bought a new stake in Cirrus Logic, Inc. (NASDAQ:CRUS - Free Report) during the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor bought 9,256 shares of the semiconductor company's stock, valued at approximately $965,000.

Several other institutional investors and hedge funds also recently made changes to their positions in CRUS. GAMMA Investing LLC grew its position in shares of Cirrus Logic by 25,215.7% in the first quarter. GAMMA Investing LLC now owns 188,349 shares of the semiconductor company's stock valued at $18,771,000 after purchasing an additional 187,605 shares during the last quarter. Parallel Advisors LLC grew its position in Cirrus Logic by 24.5% during the first quarter. Parallel Advisors LLC now owns 1,330 shares of the semiconductor company's stock worth $133,000 after buying an additional 262 shares in the last quarter. Rhumbline Advisers grew its position in Cirrus Logic by 0.7% during the first quarter. Rhumbline Advisers now owns 143,886 shares of the semiconductor company's stock worth $14,339,000 after buying an additional 996 shares in the last quarter. Merit Financial Group LLC acquired a new stake in Cirrus Logic during the first quarter worth approximately $424,000. Finally, E. Ohman J or Asset Management AB grew its position in Cirrus Logic by 34.7% during the first quarter. E. Ohman J or Asset Management AB now owns 25,720 shares of the semiconductor company's stock worth $2,563,000 after buying an additional 6,629 shares in the last quarter. Institutional investors and hedge funds own 87.96% of the company's stock.

Insider Activity

In other news, EVP Scott Thomas sold 11,089 shares of the stock in a transaction on Thursday, September 18th. The stock was sold at an average price of $121.49, for a total value of $1,347,202.61. Following the completion of the transaction, 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 position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, EVP Jeffrey W. Baumgartner sold 10,000 shares of the stock in a transaction on 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 completion of the transaction, the executive vice president owned 14,001 shares of the company's stock, valued at $1,565,031.78. The trade was a 41.66% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last ninety days, insiders sold 32,453 shares of company stock worth $3,821,790. Insiders own 1.16% of the company's stock.

Analyst Upgrades and Downgrades

A number of equities research analysts recently issued reports on CRUS shares. Wall Street Zen downgraded Cirrus Logic from a "strong-buy" rating to a "buy" rating in a research report on Monday, August 11th. Stifel Nicolaus increased their price target on Cirrus Logic from $120.00 to $130.00 and gave the stock a "buy" rating in a research report on Friday, September 12th. Four equities research analysts have rated the stock with a Buy rating and one has issued a Hold rating to the company. Based on data from MarketBeat.com, the stock presently has a consensus rating of "Moderate Buy" and an average target price of $123.00.

Cirrus Logic Stock Performance

Shares of CRUS stock opened at $126.64 on Friday. The stock's fifty day moving average price is $114.16 and its two-hundred day moving average price is $104.46. The company has a market cap of $6.50 billion, a PE ratio of 19.82 and a beta of 1.09. Cirrus Logic, Inc. has a fifty-two week low of $75.83 and a fifty-two week high of $129.07.

Cirrus Logic (NASDAQ:CRUS - Get Free Report) last issued its earnings results on Tuesday, August 5th. The semiconductor company reported $1.51 earnings per share for the quarter, beating analysts' consensus estimates of $1.07 by $0.44. The firm had revenue of $407.27 million for the quarter, compared to the consensus estimate of $361.97 million. Cirrus Logic had a return on equity of 18.38% and a net margin of 18.15%.The company's revenue was up 8.9% compared to the same quarter last year. During the same quarter last year, the business posted $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 EPS for the current fiscal year.

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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