Cirrus Logic, Inc. $CRUS Shares Bought by Voya Investment Management LLC

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 boosted its position in Cirrus Logic, Inc. (NASDAQ:CRUS - Free Report) by 49.7% during the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund 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 approximately 0.08% of Cirrus Logic worth $4,232,000 as of its most recent SEC filing.

Other institutional investors and hedge funds also recently modified their holdings of the company. Banque Cantonale Vaudoise acquired a new position in shares of Cirrus Logic during the first quarter worth approximately $30,000. Geneos Wealth Management Inc. grew 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 in the last quarter. N.E.W. Advisory Services LLC acquired a new stake in Cirrus Logic during the 1st quarter worth approximately $50,000. UMB Bank n.a. increased its stake in Cirrus Logic by 124.5% during the 1st quarter. UMB Bank n.a. now owns 523 shares of the semiconductor company's stock worth $52,000 after acquiring an additional 290 shares during the period. Finally, Menard Financial Group LLC acquired a new position in shares of Cirrus Logic during the 4th quarter worth $67,000. Institutional investors and hedge funds own 87.96% of the company's stock.

Cirrus Logic Stock Performance

NASDAQ CRUS traded up $6.52 on Monday, reaching $126.64. The company's stock had a trading volume of 484,124 shares, compared to its average volume of 631,859. Cirrus Logic, Inc. has a twelve month low of $75.83 and a twelve month high of $128.18. The stock has a market cap of $6.50 billion, a PE ratio of 19.80 and a beta of 1.02. The firm's 50 day moving average is $110.02 and its two-hundred day moving average is $102.97.

Cirrus Logic (NASDAQ:CRUS - Get Free Report) last announced its quarterly earnings results 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 company had revenue of $407.27 million for the quarter, compared to the consensus estimate of $361.97 million. Cirrus Logic had a return on equity of 18.38% and a net margin of 18.15%.The company's revenue for the quarter was up 8.9% compared to the same quarter last year. During the same quarter last year, the company posted $1.12 earnings per share. Cirrus Logic has set its Q2 2026 guidance at EPS. Equities research analysts anticipate that Cirrus Logic, Inc. will post 5.63 EPS for the current fiscal year.

Insider Activity

In other news, EVP Jeffrey W. Baumgartner sold 9,162 shares of the firm's stock in a transaction that occurred on Wednesday, September 17th. The shares were sold at an average price of $120.00, for a total value of $1,099,440.00. Following the transaction, the executive vice president owned 14,001 shares in the company, valued at approximately $1,680,120. This trade represents a 39.55% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, EVP Denise Grode sold 2,202 shares of the company's stock in a transaction that occurred on Monday, September 15th. The stock was sold at an average price of $116.87, for a total value of $257,347.74. Following the transaction, the executive vice president owned 5,698 shares in the company, valued at $665,925.26. This trade represents a 27.87% decrease in their position. The disclosure for this sale can be found here. Over the last quarter, insiders sold 32,453 shares of company stock valued at $3,821,790. Company insiders own 1.16% of the company's stock.

Wall Street Analyst Weigh In

Several analysts recently issued reports on the company. Stifel Nicolaus raised their target price on Cirrus Logic from $120.00 to $130.00 and gave the stock a "buy" rating in a research note on Friday, September 12th. 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 investment analysts have rated the stock with a Buy rating and one has given a Hold rating to the stock. Based on data from MarketBeat, Cirrus Logic currently has a consensus rating of "Moderate Buy" and an average target price of $123.00.

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.