Cirrus Logic, Inc. $CRUS Shares Sold by Northwestern Mutual Wealth Management Co.

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. lessened its holdings in shares of Cirrus Logic, Inc. (NASDAQ:CRUS - Free Report) by 53.5% in the 1st quarter, according to its most recent filing with the SEC. The fund 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 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. Vanguard Group Inc. increased its holdings in shares of Cirrus Logic by 0.4% during the first quarter. Vanguard Group Inc. now owns 6,420,646 shares of the semiconductor company's stock worth $639,849,000 after buying an additional 24,614 shares in the last quarter. LSV Asset Management lifted its holdings in shares of Cirrus Logic by 6.4% in the 1st quarter. LSV Asset Management now owns 2,402,284 shares of the semiconductor company's stock valued at $239,400,000 after acquiring an additional 145,524 shares during the last quarter. Mackenzie Financial Corp boosted its stake in Cirrus Logic by 12.0% in the fourth quarter. Mackenzie Financial Corp now owns 1,835,186 shares of the semiconductor company's stock valued at $182,748,000 after acquiring an additional 196,483 shares in the last quarter. Fuller & Thaler Asset Management Inc. grew its stake in Cirrus Logic by 0.3% in the 1st quarter. Fuller & Thaler Asset Management Inc. now owns 1,590,744 shares of the semiconductor company's stock valued at $158,518,000 after acquiring an additional 4,403 shares during the period. Finally, Ameriprise Financial Inc. increased its stake in Cirrus Logic by 98.0% during the first quarter. Ameriprise Financial Inc. now owns 1,117,526 shares of the semiconductor company's stock worth $111,380,000 after purchasing an additional 553,169 shares during the period. Institutional investors and hedge funds own 87.96% of the company's stock.

Cirrus Logic Stock Performance

Cirrus Logic stock traded up $1.03 during midday trading on Monday, reaching $116.75. 178,597 shares of the company's stock were exchanged, compared to its average volume of 628,245. The stock's 50-day simple moving average is $107.96 and its 200 day simple moving average is $102.12. The firm has a market cap of $5.99 billion, a price-to-earnings ratio of 18.27 and a beta of 1.02. 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, beating 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 firm had revenue of $407.27 million for the quarter, compared to analysts' expectations of $361.97 million. During the same quarter in the previous 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. Research analysts forecast that Cirrus Logic, Inc. will post 5.63 earnings per share for the current year.

Analyst Upgrades and Downgrades

Separately, 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 one has given a Hold rating to the stock. According to MarketBeat.com, Cirrus Logic currently has an average rating of "Moderate Buy" and an average price target of $121.00.

Insider Activity at Cirrus Logic

In other news, EVP Jeffrey W. Baumgartner sold 10,000 shares of the company's stock in a transaction on 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 directly owned 14,001 shares of the company's stock, valued at $1,565,031.78. This represents a 41.66% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. Company 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.