PharVision Advisers LLC Buys New Shares 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 acquired a new position in shares of Cirrus Logic, Inc. (NASDAQ:CRUS - Free Report) in the first quarter, according to its most recent disclosure with the SEC. The firm acquired 4,239 shares of the semiconductor company's stock, valued at approximately $422,000. Cirrus Logic accounts for about 0.6% of PharVision Advisers LLC's portfolio, making the stock its 27th biggest position.

A number of other hedge funds also recently added to or reduced their stakes in the stock. Nissay Asset Management Corp Japan ADV lifted its position in Cirrus Logic by 9.9% during the 1st quarter. Nissay Asset Management Corp Japan ADV now owns 12,514 shares of the semiconductor company's stock worth $1,247,000 after acquiring an additional 1,128 shares during the period. Millennium Management LLC boosted its holdings in shares of Cirrus Logic by 34.2% in the first quarter. Millennium Management LLC now owns 374,368 shares of the semiconductor company's stock valued at $37,308,000 after acquiring an additional 95,452 shares in the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. boosted its holdings in shares of Cirrus Logic by 24.9% in the first quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 1,320 shares of the semiconductor company's stock valued at $132,000 after acquiring an additional 263 shares in the last quarter. Integrated Wealth Concepts LLC purchased a new stake in shares of Cirrus Logic in the first quarter valued at about $629,000. Finally, Hancock Whitney Corp boosted its holdings in shares of Cirrus Logic by 5.5% in the first quarter. Hancock Whitney Corp now owns 7,612 shares of the semiconductor company's stock valued at $759,000 after acquiring an additional 399 shares in the last quarter. 87.96% of the stock is owned by institutional investors and hedge funds.

Cirrus Logic Price Performance

CRUS traded up $2.99 during midday trading on Thursday, reaching $115.66. 182,030 shares of the company's stock were exchanged, compared to its average volume of 628,459. The stock has a market capitalization of $5.94 billion, a PE ratio of 18.10 and a beta of 1.02. The business's 50-day moving average price is $108.43 and its 200 day moving average price is $102.35. Cirrus Logic, Inc. has a 1-year low of $75.83 and a 1-year high of $137.73.

Cirrus Logic (NASDAQ:CRUS - Get Free Report) last announced 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. The company had revenue of $407.27 million during the quarter, compared to analysts' expectations of $361.97 million. Cirrus Logic had a net margin of 18.15% and a return on equity of 18.38%. The firm's quarterly revenue was up 8.9% compared to the same quarter last year. During the same quarter in the previous year, the business posted $1.12 earnings per share. Cirrus Logic has set its Q2 2026 guidance at EPS. As a group, analysts expect that Cirrus Logic, Inc. will post 5.63 EPS for the current fiscal year.

Wall Street Analyst Weigh In

Separately, Wall Street Zen downgraded shares of 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 assigned a Hold rating to the company. According to MarketBeat.com, Cirrus Logic has a consensus rating of "Moderate Buy" and a consensus price target of $121.00.

Insider Buying and Selling at Cirrus Logic

In other 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 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 transaction was disclosed in a filing with the SEC, which is available at the SEC website. 1.16% of the stock is currently owned by corporate insiders.

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.