Voya Investment Management LLC Acquires 14,105 Shares of Cirrus Logic, Inc. $CRUS

Key Points

• Voya Investment Management LLC increased its stake in Cirrus Logic, Inc. by 49.7% in the first quarter, holding a total of 42,468 shares valued at approximately $4.23 million.
• Insider selling activity included EVP Scott Thomas selling over 11,000 shares, reflecting a 29.65% decrease in his holdings, while another EVP, Jeffrey W. Baumgartner, also sold 10,000 shares.
• Cirrus Logic reported earnings of $1.51 per share for the last quarter, surpassing estimates of $1.07, alongside an 8.9% year-over-year revenue growth.

Voya Investment Management LLC lifted its position in shares of Cirrus Logic, Inc. (NASDAQ:CRUS - Free Report) by 49.7% during the 1st quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 42,468 shares of the semiconductor company's stock after purchasing an additional 14,105 shares during the period. Voya Investment Management LLC owned about 0.08% of Cirrus Logic worth $4,232,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other large investors have also added to or reduced their stakes in CRUS. AQR Capital Management LLC raised its stake in shares of Cirrus Logic by 131.5% during the first quarter. AQR Capital Management LLC now owns 1,063,813 shares of the semiconductor company's stock valued at $103,456,000 after acquiring an additional 604,337 shares during the last quarter. Ameriprise Financial Inc. raised its position in Cirrus Logic by 98.0% during the 1st quarter. Ameriprise Financial Inc. now owns 1,117,526 shares of the semiconductor company's stock worth $111,380,000 after purchasing an additional 553,169 shares during the last quarter. Nuveen LLC acquired a new position in Cirrus Logic during the 1st quarter worth about $49,364,000. Mackenzie Financial Corp grew its position 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 buying an additional 196,483 shares during the last quarter. Finally, Panagora Asset Management Inc. increased its stake in shares of Cirrus Logic by 64.4% in the first quarter. Panagora Asset Management Inc. now owns 479,998 shares of the semiconductor company's stock valued at $47,834,000 after buying an additional 188,093 shares during the period. Institutional investors own 87.96% of the company's stock.

Cirrus Logic Trading Down 2.1%

Shares of CRUS traded down $2.63 during mid-day trading on Friday, reaching $120.12. 1,675,707 shares of the stock traded hands, compared to its average volume of 484,167. Cirrus Logic, Inc. has a 1 year low of $75.83 and a 1 year high of $126.50. The company has a market cap of $6.17 billion, a price-to-earnings ratio of 18.80 and a beta of 1.02. The firm has a fifty day moving average price of $110.02 and a 200 day moving average price of $102.97.

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 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 business had revenue of $407.27 million for the quarter, compared to analyst estimates of $361.97 million. During the same period in the prior year, the company earned $1.12 EPS. The company's quarterly revenue was up 8.9% compared to the same quarter last year. Cirrus Logic has set its Q2 2026 guidance at EPS. On average, sell-side analysts anticipate that Cirrus Logic, Inc. will post 5.63 EPS for the current year.

Wall Street Analyst Weigh In

Several analysts recently commented on CRUS shares. Stifel Nicolaus upped their target price on Cirrus Logic from $120.00 to $130.00 and gave the company a "buy" rating in a report on Friday, September 12th. Wall Street Zen cut shares of Cirrus Logic from a "strong-buy" rating to a "buy" rating in a research report on Monday, August 11th. Four research analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the stock. According to data from MarketBeat.com, the company has an average rating of "Moderate Buy" and a consensus price target of $123.00.

Insider Transactions at Cirrus Logic

In other news, EVP Jeffrey W. Baumgartner sold 9,162 shares of the stock in a transaction dated Wednesday, September 17th. The stock was sold at an average price of $120.00, for a total transaction of $1,099,440.00. Following the transaction, the executive vice president directly owned 14,001 shares in the company, valued at approximately $1,680,120. This represents a 39.55% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, EVP Scott Thomas sold 11,089 shares of the business's stock in a transaction that occurred on Thursday, September 18th. The stock was sold at an average price of $121.49, for a total value of $1,347,202.61. Following the completion of the sale, the executive vice president owned 26,307 shares of the company's stock, valued at $3,196,037.43. The trade was a 29.65% decrease in their position. The disclosure for this sale can be found here. In the last ninety days, insiders sold 32,453 shares of company stock valued at $3,821,790. Insiders own 1.16% of the company's stock.

About Cirrus Logic

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.