Wilmington Savings Fund Society FSB Sells 3,081 Shares of Cirrus Logic, Inc. $CRUS

Key Points

• Wilmington Savings Fund Society FSB decreased its holdings in Cirrus Logic by 37.9%, selling 3,081 shares and leaving them with 5,051 shares valued at approximately $527,000 at the end of Q2.
• Analysts have recently upgraded Cirrus Logic's stock, with Stifel Nicolaus raising the target price from $130 to $140 and issuing a "buy" rating, while Weiss Ratings maintained a "hold" rating.
• Corporate insiders have sold 32,453 shares of Cirrus Logic valued at approximately $3.82 million in recent months, indicating significant insider selling activity.

Wilmington Savings Fund Society FSB trimmed its holdings in shares of Cirrus Logic, Inc. (NASDAQ:CRUS - Free Report) by 37.9% during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 5,051 shares of the semiconductor company's stock after selling 3,081 shares during the quarter. Wilmington Savings Fund Society FSB's holdings in Cirrus Logic were worth $527,000 at the end of the most recent quarter.

Other institutional investors have also recently added to or reduced their stakes in the company. Banque Cantonale Vaudoise bought a new stake in Cirrus Logic during the 1st quarter worth approximately $30,000. RMG Wealth Management LLC bought a new stake in Cirrus Logic during the 2nd quarter worth approximately $30,000. Ameritas Advisory Services LLC bought a new stake in Cirrus Logic during the 2nd quarter worth approximately $31,000. Geneos Wealth Management Inc. grew its holdings in Cirrus Logic by 95.1% during the 1st quarter. Geneos Wealth Management Inc. now owns 476 shares of the semiconductor company's stock worth $47,000 after acquiring an additional 232 shares during the last quarter. Finally, N.E.W. Advisory Services LLC bought a new stake in Cirrus Logic during the 1st quarter worth approximately $50,000. 87.96% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

A number of equities research analysts have weighed in on the stock. Stifel Nicolaus boosted their target price on shares of Cirrus Logic from $130.00 to $140.00 and gave the stock a "buy" rating in a report on Friday. Wall Street Zen raised shares of Cirrus Logic from a "buy" rating to a "strong-buy" rating in a research note on Saturday. Finally, Weiss Ratings restated a "hold (c)" rating on shares of Cirrus Logic in a report on Wednesday, October 8th. Four analysts have rated the stock with a Buy rating and two have issued a Hold rating to the company's stock. According to MarketBeat.com, Cirrus Logic presently has a consensus rating of "Moderate Buy" and a consensus target price of $125.00.

Insider Buying and Selling at Cirrus Logic

In other Cirrus Logic news, EVP Scott Thomas sold 11,089 shares of Cirrus Logic stock in a transaction 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 directly owned 26,307 shares of the company's stock, valued at approximately $3,196,037.43. The trade was a 29.65% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, EVP Jeffrey W. Baumgartner sold 9,162 shares of Cirrus Logic 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 completion of the sale, the executive vice president directly owned 14,001 shares of the company's stock, valued at approximately $1,680,120. This trade represents a 39.55% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 32,453 shares of company stock valued at $3,821,790. Corporate insiders own 1.16% of the company's stock.

Cirrus Logic Trading Up 2.4%

CRUS opened at $126.15 on Friday. Cirrus Logic, Inc. has a 1-year low of $75.83 and a 1-year high of $129.56. The company has a market cap of $6.48 billion, a P/E ratio of 19.74 and a beta of 1.09. The company has a fifty day moving average price of $118.77 and a two-hundred day moving average price of $106.17.

Cirrus Logic (NASDAQ:CRUS - Get Free Report) last posted 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 firm had revenue of $407.27 million during the quarter, compared to the consensus estimate of $361.97 million. During the same period in the previous year, the firm posted $1.12 earnings per share. The business's revenue was up 8.9% compared to the same quarter last year. Cirrus Logic has set its Q2 2026 guidance at EPS. On average, research analysts forecast that Cirrus Logic, Inc. will post 5.63 EPS for the current fiscal year.

Cirrus Logic 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.

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