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 increased its position in shares of Cirrus Logic, Inc. (NASDAQ:CRUS - Free Report) by 49.7% during the first quarter, according to its most recent Form 13F filing with the SEC. The firm owned 42,468 shares of the semiconductor company's stock after buying an additional 14,105 shares during the period. Voya Investment Management LLC owned about 0.08% of Cirrus Logic worth $4,232,000 at the end of the most recent reporting period.

A number of other large investors have also recently made changes to their positions in the company. Banque Cantonale Vaudoise purchased a new position in Cirrus Logic in the first quarter valued at approximately $30,000. Geneos Wealth Management Inc. increased its stake in Cirrus Logic by 95.1% in the first 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 last quarter. N.E.W. Advisory Services LLC purchased a new position in Cirrus Logic in the first quarter valued at approximately $50,000. UMB Bank n.a. increased its stake in Cirrus Logic by 124.5% in 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 last quarter. Finally, Menard Financial Group LLC purchased a new position in Cirrus Logic in the fourth quarter valued at approximately $67,000. 87.96% of the stock is currently owned by hedge funds and other institutional investors.

Cirrus Logic Stock Down 0.3%

NASDAQ CRUS traded down $0.37 on Tuesday, hitting $126.91. The stock had a trading volume of 93,768 shares, compared to its average volume of 630,591. Cirrus Logic, Inc. has a one year low of $75.83 and a one year high of $129.07. The stock has a market cap of $6.51 billion, a price-to-earnings ratio of 19.92 and a beta of 1.02. The company's 50-day moving average is $110.48 and its two-hundred day moving average is $103.10.

Cirrus Logic (NASDAQ:CRUS - Get Free Report) last posted its quarterly earnings data on Tuesday, August 5th. The semiconductor company reported $1.51 earnings per share (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 analysts' expectations 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 was up 8.9% on a year-over-year basis. During the same period last year, the firm posted $1.12 earnings per share. Cirrus Logic has set its Q2 2026 guidance at EPS. On average, sell-side analysts anticipate that Cirrus Logic, Inc. will post 5.63 earnings per share for the current year.

Wall Street Analyst Weigh In

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

Insider Activity at Cirrus Logic

In other Cirrus Logic news, EVP Scott Thomas sold 11,089 shares of the stock in a transaction that occurred on Thursday, September 18th. The shares were 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 in the company, valued at $3,196,037.43. This represents a 29.65% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, EVP Jeffrey W. Baumgartner sold 9,162 shares of the firm's stock in a transaction on Wednesday, September 17th. The shares were sold at an average price of $120.00, for a total transaction of $1,099,440.00. Following the transaction, the executive vice president owned 14,001 shares in the company, valued at $1,680,120. This represents a 39.55% decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders sold 32,453 shares of company stock worth $3,821,790. 1.16% of the stock is owned by corporate insiders.

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.