Quantbot Technologies LP Purchases Shares of 14,978 Cirrus Logic, Inc. $CRUS

Key Points

• Quantbot Technologies LP has purchased 14,978 shares of Cirrus Logic, Inc. for approximately $1.49 million, marking a new stake in the semiconductor company in the first quarter.
• Cirrus Logic recently reported $1.51 EPS for the quarter, exceeding estimates and showcasing a revenue increase of 8.9% year-over-year.
• The company has initiated a $500 million stock repurchase plan, indicating leadership believes its shares may be undervalued.

Quantbot Technologies LP acquired a new stake in shares of Cirrus Logic, Inc. (NASDAQ:CRUS - Free Report) in the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 14,978 shares of the semiconductor company's stock, valued at approximately $1,493,000.

Other institutional investors and hedge funds have also bought and sold shares of the company. Banque Cantonale Vaudoise bought a new position in Cirrus Logic during the first quarter valued at $30,000. N.E.W. Advisory Services LLC bought a new position in Cirrus Logic during the first quarter valued at $50,000. UMB Bank n.a. grew its holdings in Cirrus Logic by 124.5% during the first quarter. UMB Bank n.a. now owns 523 shares of the semiconductor company's stock valued at $52,000 after purchasing an additional 290 shares during the period. Menard Financial Group LLC bought a new position in Cirrus Logic during the fourth quarter valued at $67,000. Finally, MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. grew its holdings in Cirrus Logic by 17.2% during the fourth quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 1,057 shares of the semiconductor company's stock valued at $105,000 after purchasing an additional 155 shares during the period. 87.96% of the stock is owned by institutional investors.

Cirrus Logic Price Performance

Shares of NASDAQ:CRUS traded down $0.39 during trading on Thursday, hitting $116.82. 84,684 shares of the company were exchanged, compared to its average volume of 635,529. The company has a market cap of $6.00 billion, a PE ratio of 18.27 and a beta of 0.92. The stock has a 50 day moving average of $106.78 and a 200 day moving average of $101.88. Cirrus Logic, Inc. has a 52-week low of $75.83 and a 52-week high of $147.46.

Cirrus Logic (NASDAQ:CRUS - Get Free Report) last issued its quarterly earnings data 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 company had revenue of $407.27 million for the quarter, compared to the consensus estimate of $361.97 million. During the same quarter last year, the business posted $1.12 earnings per share. The firm's revenue was up 8.9% compared to the same quarter last year. Cirrus Logic has set its Q2 2026 guidance at EPS. Sell-side analysts forecast that Cirrus Logic, Inc. will post 5.63 EPS for the current fiscal year.

Cirrus Logic announced that its Board of Directors has initiated a share buyback program on Tuesday, May 6th that allows the company to repurchase $500.00 million in outstanding shares. This repurchase authorization allows the semiconductor company to buy up to 9.6% of its stock through open market purchases. Stock repurchase programs are typically a sign that the company's board believes its stock is undervalued.

Insiders Place Their Bets

In related news, EVP Carl Jackson Alberty sold 2,000 shares of the stock in a transaction on Tuesday, June 3rd. The stock was sold at an average price of $100.00, for a total value of $200,000.00. Following the sale, the executive vice president owned 41,645 shares in the company, valued at approximately $4,164,500. This trade represents a 4.58% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, EVP Jeffrey W. Baumgartner sold 10,000 shares of the stock in a transaction on Tuesday, June 3rd. The stock was sold at an average price of $100.00, for a total value of $1,000,000.00. Following the completion of the sale, the executive vice president owned 14,001 shares in the company, valued at $1,400,100. This trade represents a 41.66% decrease in their position. The disclosure for this sale can be found here. Company insiders own 1.16% of the company's stock.

Wall Street Analysts Forecast Growth

Several equities analysts have weighed in on the company. Wall Street Zen lowered Cirrus Logic from a "strong-buy" rating to a "buy" rating in a report on Monday, August 11th. Stifel Nicolaus set a $120.00 target price on Cirrus Logic in a research report on Wednesday, May 7th. Finally, Barclays increased their target price on Cirrus Logic from $80.00 to $90.00 and gave the stock an "equal weight" rating in a research report on Wednesday, May 7th. Four investment analysts have rated the stock with a Buy rating and one has given a Hold rating to the stock. According to data from MarketBeat, the company currently has a consensus rating of "Moderate Buy" and a consensus price target of $121.00.

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.