Cirrus Logic, Inc. $CRUS Shares Sold by Trexquant Investment LP

Key Points

• Trexquant Investment LP reduced its stake in Cirrus Logic, Inc. by 60.2% in the first quarter, selling 86,865 shares and retaining 57,438 shares valued at approximately $5.72 million.
• Cirrus Logic reported a quarterly earnings per share (EPS) of $1.51, exceeding estimates and showing an 8.9% increase in revenue year-over-year.
• The company has authorized a $500 million stock repurchase program, which signals confidence from management in the company’s current valuation.

Trexquant Investment LP decreased its stake in shares of Cirrus Logic, Inc. (NASDAQ:CRUS - Free Report) by 60.2% in the 1st quarter, according to its most recent Form 13F filing with the SEC. The fund owned 57,438 shares of the semiconductor company's stock after selling 86,865 shares during the period. Trexquant Investment LP owned 0.11% of Cirrus Logic worth $5,724,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also recently bought and sold shares of CRUS. Castlekeep Investment Advisors LLC acquired a new position in shares of Cirrus Logic in the 4th quarter valued at about $170,796,000. Ameriprise Financial Inc. lifted its stake in shares of Cirrus Logic by 98.0% in the 1st quarter. Ameriprise Financial Inc. now owns 1,117,526 shares of the semiconductor company's stock valued at $111,380,000 after purchasing an additional 553,169 shares in the last quarter. Nuveen LLC acquired a new position in shares of Cirrus Logic in the 1st quarter valued at about $49,364,000. Deutsche Bank AG lifted its stake in shares of Cirrus Logic by 139.4% in the 4th quarter. Deutsche Bank AG now owns 586,733 shares of the semiconductor company's stock valued at $58,427,000 after purchasing an additional 341,615 shares in the last quarter. Finally, Mackenzie Financial Corp lifted its stake in shares of Cirrus Logic by 12.0% in the 4th quarter. Mackenzie Financial Corp now owns 1,835,186 shares of the semiconductor company's stock valued at $182,748,000 after purchasing an additional 196,483 shares in the last quarter. Institutional investors and hedge funds own 87.96% of the company's stock.

Wall Street Analysts Forecast Growth

Separately, Wall Street Zen downgraded shares of Cirrus Logic from a "strong-buy" rating to a "buy" rating in a research note on Monday, August 11th. Four research analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the company's stock. Based on data from MarketBeat, the stock currently has an average rating of "Moderate Buy" and an average price target of $121.00.

Insiders Place Their Bets

In related news, EVP Jeffrey W. Baumgartner sold 10,000 shares of the firm's stock in a transaction 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 of the company's stock, valued at approximately $1,565,031.78. This trade represents a 41.66% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Insiders own 1.16% of the company's stock.

Cirrus Logic Stock Up 0.4%

Shares of CRUS stock traded up $0.46 during mid-day trading on Friday, reaching $115.72. The company's stock had a trading volume of 383,706 shares, compared to its average volume of 474,785. The company's 50 day simple moving average is $107.96 and its 200-day simple moving average is $102.18. Cirrus Logic, Inc. has a 12-month low of $75.83 and a 12-month high of $138.21. The firm has a market capitalization of $5.94 billion, a PE ratio of 18.11 and a beta of 1.02.

Cirrus Logic (NASDAQ:CRUS - Get Free Report) last issued its earnings results on Tuesday, August 5th. The semiconductor company reported $1.51 EPS for the quarter, beating analysts' consensus estimates of $1.07 by $0.44. The business had revenue of $407.27 million for 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 business's revenue for the quarter was up 8.9% compared to the same quarter last year. During the same quarter last year, the firm posted $1.12 EPS. Cirrus Logic has set its Q2 2026 guidance at EPS. As a group, research analysts anticipate that Cirrus Logic, Inc. will post 5.63 EPS for the current fiscal year.

Cirrus Logic Company 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.