PharVision Advisers LLC Buys New Position in Cirrus Logic, Inc. $CRUS

Key Points

• PharVision Advisers LLC has made a new investment of $422,000 in Cirrus Logic, acquiring 4,239 shares of the semiconductor company, which now constitutes about 0.6% of its investment portfolio.
• Recent adjustments in institutional holdings include a significant increase by UMB Bank n.a. and Wealth Enhancement Advisory Services, reflecting a growing interest in Cirrus Logic among large investors.
• Cirrus Logic recently reported strong quarterly earnings, with an EPS of $1.51, exceeding estimates and showcasing a 8.9% year-over-year revenue growth, attracting attention from analysts.

PharVision Advisers LLC bought a new position in Cirrus Logic, Inc. (NASDAQ:CRUS - Free Report) during the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor bought 4,239 shares of the semiconductor company's stock, valued at approximately $422,000. Cirrus Logic makes up about 0.6% of PharVision Advisers LLC's holdings, making the stock its 27th largest position.

A number of other institutional investors have also recently made changes to their positions in CRUS. AQR Capital Management LLC grew its holdings in shares of Cirrus Logic by 131.5% during the first quarter. AQR Capital Management LLC now owns 1,063,813 shares of the semiconductor company's stock valued at $103,456,000 after buying an additional 604,337 shares during the last quarter. Ameriprise Financial Inc. grew its holdings in shares of Cirrus Logic by 98.0% during the first quarter. Ameriprise Financial Inc. now owns 1,117,526 shares of the semiconductor company's stock valued at $111,380,000 after buying an additional 553,169 shares during the last quarter. Nuveen LLC purchased a new stake in shares of Cirrus Logic during the first quarter valued at approximately $49,364,000. Deutsche Bank AG grew its holdings in shares of Cirrus Logic by 139.4% during the fourth quarter. Deutsche Bank AG now owns 586,733 shares of the semiconductor company's stock valued at $58,427,000 after buying an additional 341,615 shares during the last quarter. Finally, Mackenzie Financial Corp grew its holdings in shares of Cirrus Logic by 12.0% during the fourth quarter. Mackenzie Financial Corp now owns 1,835,186 shares of the semiconductor company's stock valued at $182,748,000 after buying an additional 196,483 shares during the last quarter. Hedge funds and other institutional investors own 87.96% of the company's stock.

Cirrus Logic Stock Performance

Shares of CRUS stock traded up $1.71 during trading hours on Monday, reaching $117.43. The company had a trading volume of 585,185 shares, compared to its average volume of 468,513. The business has a fifty day moving average price of $108.22 and a 200-day moving average price of $102.18. Cirrus Logic, Inc. has a one year low of $75.83 and a one year high of $137.73. The firm has a market cap of $6.03 billion, a PE ratio of 18.38 and a beta of 1.02.

Cirrus Logic (NASDAQ:CRUS - Get Free Report) last announced its quarterly 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. The firm had revenue of $407.27 million during 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 period in the previous year, the business posted $1.12 earnings per share. Cirrus Logic has set its Q2 2026 guidance at EPS. Equities research analysts forecast that Cirrus Logic, Inc. will post 5.63 EPS for the current year.

Analyst Ratings Changes

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

Insider Transactions at Cirrus Logic

In related news, EVP Jeffrey W. Baumgartner sold 10,000 shares of the business's stock in a transaction that occurred on Tuesday, September 2nd. The shares were sold at an average price of $111.78, for a total transaction of $1,117,800.00. Following the completion of the sale, the executive vice president directly owned 14,001 shares in the company, valued at approximately $1,565,031.78. The trade was a 41.66% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which can be accessed 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.