Northwestern Mutual Wealth Management Co. Reduces Stake in Cirrus Logic, Inc. $CRUS

Key Points

• Northwestern Mutual Wealth Management Co. reduced its stake in Cirrus Logic by 53.5% in Q1, selling 3,599 shares and valuing its remaining holdings at $311,000.
• Insider activity included EVP Jeffrey W. Baumgartner selling 10,000 shares for over $1.1 million, resulting in a 41.66% decrease in ownership.
• Cirrus Logic recently reported earnings of $1.51 per share, surpassing analyst expectations, with a revenue increase of 8.9% year-over-year.

Northwestern Mutual Wealth Management Co. trimmed its stake in shares of Cirrus Logic, Inc. (NASDAQ:CRUS - Free Report) by 53.5% during the first quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 3,124 shares of the semiconductor company's stock after selling 3,599 shares during the period. Northwestern Mutual Wealth Management Co.'s holdings in Cirrus Logic were worth $311,000 as of its most recent SEC filing.

A number of other hedge funds have also recently bought and sold shares of CRUS. Banque Cantonale Vaudoise bought a new position in Cirrus Logic in the first quarter valued at approximately $30,000. N.E.W. Advisory Services LLC bought a new stake in Cirrus Logic in the 1st quarter valued at about $50,000. UMB Bank n.a. raised its holdings in Cirrus Logic by 124.5% in the 1st quarter. UMB Bank n.a. now owns 523 shares of the semiconductor company's stock valued at $52,000 after acquiring an additional 290 shares in the last quarter. Menard Financial Group LLC acquired a new position in Cirrus Logic in the 4th quarter valued at $67,000. Finally, MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. raised its holdings in shares of 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 worth $105,000 after buying an additional 155 shares in the last quarter. 87.96% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

Separately, Wall Street Zen lowered Cirrus Logic from a "strong-buy" rating to a "buy" rating in a research report on Monday, August 11th. Four research analysts have rated the stock with a Buy rating and one has issued a Hold rating to the stock. According to MarketBeat.com, Cirrus Logic has an average rating of "Moderate Buy" and an average price target of $121.00.

Cirrus Logic Trading Down 0.7%

Shares of CRUS traded down $0.80 on Tuesday, reaching $116.63. 101,554 shares of the company's stock traded hands, compared to its average volume of 627,757. The stock has a market cap of $5.99 billion, a PE ratio of 18.24 and a beta of 1.02. The stock's 50 day simple moving average is $108.22 and its two-hundred day simple moving average is $102.18. Cirrus Logic, Inc. has a 52-week low of $75.83 and a 52-week high of $137.73.

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 (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 business had revenue of $407.27 million during the quarter, compared to the consensus estimate of $361.97 million. During the same period last year, the business posted $1.12 earnings per share. The business's revenue for the quarter was up 8.9% on a year-over-year basis. Cirrus Logic has set its Q2 2026 guidance at EPS. Analysts forecast that Cirrus Logic, Inc. will post 5.63 earnings per share for the current year.

Insider Activity at Cirrus Logic

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

Cirrus Logic 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.