R Squared Ltd Acquires Shares of 2,000 Cirrus Logic, Inc. $CRUS

Key Points

• R Squared Ltd acquired 2,000 shares of Cirrus Logic, Inc. valued at approximately $209,000 in the second quarter, highlighting growing institutional interest in the semiconductor company.
• Cirrus Logic reported an earnings per share (EPS) of $1.51 for the last quarter, exceeding analyst expectations by $0.44, and experienced an 8.9% revenue increase year-over-year.
• The stock has seen analyst upgrades, with Wall Street Zen raising its rating from "buy" to "strong-buy" and Stifel Nicolaus increasing its price target from $130 to $140.

R Squared Ltd acquired a new stake in Cirrus Logic, Inc. (NASDAQ:CRUS - Free Report) in the second quarter, according to the company in its most recent Form 13F filing with the SEC. The fund acquired 2,000 shares of the semiconductor company's stock, valued at approximately $209,000.

Other institutional investors have also recently bought and sold shares of the company. RMG Wealth Management LLC bought a new stake in Cirrus Logic in the 2nd quarter valued at about $30,000. Ameritas Advisory Services LLC bought a new stake in Cirrus Logic in the 2nd quarter valued at about $31,000. Banque Cantonale Vaudoise bought a new stake in Cirrus Logic in the 1st quarter valued at about $30,000. Cullen Frost Bankers Inc. bought a new stake in Cirrus Logic in the 2nd quarter valued at about $49,000. Finally, Geneos Wealth Management Inc. boosted its holdings in Cirrus Logic by 95.1% in the 1st quarter. Geneos Wealth Management Inc. now owns 476 shares of the semiconductor company's stock valued at $47,000 after purchasing an additional 232 shares during the period. Institutional investors own 87.96% of the company's stock.

Cirrus Logic Price Performance

Shares of NASDAQ:CRUS opened at $130.60 on Friday. The company has a market cap of $6.70 billion, a price-to-earnings ratio of 20.44 and a beta of 1.09. The firm has a 50 day simple moving average of $120.88 and a 200 day simple moving average of $107.91. Cirrus Logic, Inc. has a one year low of $75.83 and a one year high of $132.90.

Cirrus Logic (NASDAQ:CRUS - Get Free Report) last issued its quarterly earnings data on Tuesday, August 5th. The semiconductor company reported $1.51 EPS for the quarter, beating the consensus estimate of $1.07 by $0.44. The business had revenue of $407.27 million during the quarter, compared to the consensus estimate of $361.97 million. Cirrus Logic had a net margin of 18.15% and a return on equity of 18.38%. The firm's revenue was up 8.9% compared to the same quarter last year. During the same quarter in the prior year, the firm earned $1.12 EPS. 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 year.

Insider Activity at Cirrus Logic

In other Cirrus Logic news, EVP Denise Grode sold 2,202 shares of the company's stock in a transaction that occurred on Monday, September 15th. The shares were sold at an average price of $116.87, for a total value of $257,347.74. Following the completion of the transaction, the executive vice president directly owned 5,698 shares in the company, valued at approximately $665,925.26. This represents a 27.87% decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, EVP Jeffrey W. Baumgartner sold 10,000 shares of the company'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 transaction, the executive vice president owned 14,001 shares of the company's stock, valued at approximately $1,565,031.78. This trade represents a 41.66% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 33,187 shares of company stock valued at $3,918,128 in the last quarter. Insiders own 1.16% of the company's stock.

Analyst Ratings Changes

A number of analysts have recently weighed in on CRUS shares. Wall Street Zen raised shares of Cirrus Logic from a "buy" rating to a "strong-buy" rating in a report on Saturday, October 18th. Stifel Nicolaus upped their price target on shares of Cirrus Logic from $130.00 to $140.00 and gave the stock a "buy" rating in a report on Friday, October 17th. Weiss Ratings reaffirmed a "hold (c)" rating on shares of Cirrus Logic in a report on Friday. Finally, Susquehanna upped their price target on shares of Cirrus Logic from $140.00 to $155.00 and gave the stock a "positive" rating in a report on Wednesday. Four investment analysts have rated the stock with a Buy rating and two have given a Hold rating to the stock. According to MarketBeat.com, the stock has a consensus rating of "Moderate Buy" and an average target price of $128.00.

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.

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