Truvestments Capital LLC Sells 2,907 Shares of Cirrus Logic, Inc. $CRUS

Key Points

• Truvestments Capital LLC significantly reduced its stake in Cirrus Logic by 73%, leaving it with 1,074 shares worth approximately $107,000.
• Shares of Cirrus Logic recently sold for $115.36, with a market cap of $5.92 billion, despite being down 1.6% in trading.
• The company announced a $500 million share buyback plan, indicating that its leadership believes the stock is undervalued.

Truvestments Capital LLC decreased its holdings in shares of Cirrus Logic, Inc. (NASDAQ:CRUS - Free Report) by 73.0% during the first quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 1,074 shares of the semiconductor company's stock after selling 2,907 shares during the quarter. Truvestments Capital LLC's holdings in Cirrus Logic were worth $107,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other large investors also recently modified their holdings of the company. Vanguard Group Inc. lifted its stake in Cirrus Logic by 0.4% in the 1st quarter. Vanguard Group Inc. now owns 6,420,646 shares of the semiconductor company's stock worth $639,849,000 after purchasing an additional 24,614 shares in the last quarter. LSV Asset Management grew its position in shares of Cirrus Logic by 6.4% during the 1st quarter. LSV Asset Management now owns 2,402,284 shares of the semiconductor company's stock valued at $239,400,000 after purchasing an additional 145,524 shares in the last quarter. Mackenzie Financial Corp increased its holdings in shares of Cirrus Logic by 12.0% in the fourth quarter. Mackenzie Financial Corp now owns 1,835,186 shares of the semiconductor company's stock worth $182,748,000 after purchasing an additional 196,483 shares during the period. Castlekeep Investment Advisors LLC purchased a new stake in shares of Cirrus Logic in the fourth quarter worth $170,796,000. Finally, Fuller & Thaler Asset Management Inc. raised its position in shares of Cirrus Logic by 0.3% in the first quarter. Fuller & Thaler Asset Management Inc. now owns 1,590,744 shares of the semiconductor company's stock worth $158,518,000 after buying an additional 4,403 shares in the last quarter. 87.96% of the stock is currently owned by institutional investors.

Cirrus Logic Stock Down 1.3%

Shares of Cirrus Logic stock traded down $1.52 on Tuesday, hitting $112.68. The stock had a trading volume of 232,781 shares, compared to its average volume of 634,590. The stock's 50-day simple moving average is $107.36 and its two-hundred day simple moving average is $102.02. Cirrus Logic, Inc. has a one year low of $75.83 and a one year high of $143.35. The stock has a market cap of $5.78 billion, a price-to-earnings ratio of 17.61 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 earnings per share for the quarter, beating the consensus estimate of $1.07 by $0.44. Cirrus Logic had a net margin of 18.15% and a return on equity of 18.38%. The business had revenue of $407.27 million during the quarter, compared to analysts' expectations of $361.97 million. During the same quarter in the prior year, the company posted $1.12 EPS. The firm's revenue for the quarter was up 8.9% compared to the same quarter last year. Cirrus Logic has set its Q2 2026 guidance at EPS. As a group, equities analysts predict that Cirrus Logic, Inc. will post 5.63 EPS for the current fiscal year.

Cirrus Logic announced that its board has authorized a stock repurchase plan on Tuesday, May 6th that authorizes the company to repurchase $500.00 million in outstanding shares. This repurchase authorization authorizes the semiconductor company to buy up to 9.6% of its stock through open market purchases. Stock repurchase plans are typically an indication that the company's leadership believes its stock is undervalued.

Analyst Ratings Changes

A number of brokerages have weighed in on CRUS. Wall Street Zen lowered Cirrus Logic from a "strong-buy" rating to a "buy" rating in a research note on Monday, August 11th. Stifel Nicolaus set a $120.00 target price on shares of Cirrus Logic in a research note on Wednesday, May 7th. Finally, Barclays lifted their target price on shares of Cirrus Logic from $80.00 to $90.00 and gave the company an "equal weight" rating in a research report on Wednesday, May 7th. Four research analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the company. Based on data from MarketBeat, Cirrus Logic has an average rating of "Moderate Buy" and a consensus target price of $121.00.

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.