Louisiana State Employees Retirement System Grows Stake in Cirrus Logic, Inc. $CRUS

Louisiana State Employees Retirement System raised its stake in Cirrus Logic, Inc. (NASDAQ:CRUS) by 0.7% during the 2nd quarter, HoldingsChannel reports. The firm owned 15,000 shares of the semiconductor company’s stock after acquiring an additional 100 shares during the quarter. Louisiana State Employees Retirement System’s holdings in Cirrus Logic were worth $1,564,000 as of its most recent SEC filing.

Several other hedge funds also recently added to or reduced their stakes in the stock. KLP Kapitalforvaltning AS raised its position in Cirrus Logic by 3.8% in the second quarter. KLP Kapitalforvaltning AS now owns 18,900 shares of the semiconductor company’s stock valued at $1,970,000 after purchasing an additional 700 shares during the period. RMG Wealth Management LLC purchased a new position in Cirrus Logic in the second quarter valued at about $30,000. 111 Capital purchased a new position in Cirrus Logic in the second quarter valued at about $220,000. Ameritas Advisory Services LLC purchased a new position in Cirrus Logic in the second quarter valued at about $31,000. Finally, Mirae Asset Global Investments Co. Ltd. raised its position in Cirrus Logic by 2.3% in the second quarter. Mirae Asset Global Investments Co. Ltd. now owns 78,063 shares of the semiconductor company’s stock valued at $8,138,000 after purchasing an additional 1,782 shares during the period. 87.96% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

A number of analysts have recently issued reports on the company. Wall Street Zen lowered Cirrus Logic from a “strong-buy” rating to a “buy” rating in a research report on Monday, August 11th. Weiss Ratings reaffirmed a “hold (c)” rating on shares of Cirrus Logic in a research report on Wednesday, October 8th. Finally, Stifel Nicolaus lifted their target price on Cirrus Logic from $120.00 to $130.00 and gave the stock a “buy” rating in a research report on Friday, September 12th. Four investment analysts have rated the stock with a Buy rating and two have given a Hold rating to the company’s stock. According to MarketBeat, Cirrus Logic has a consensus rating of “Moderate Buy” and a consensus target price of $123.00.

Insider Activity at Cirrus Logic

In related news, EVP Jeffrey W. Baumgartner sold 9,162 shares of the business’s stock in a transaction dated Wednesday, September 17th. The stock was sold at an average price of $120.00, for a total value 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 $1,680,120. The trade was a 39.55% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, EVP Scott Thomas sold 11,089 shares of the business’s stock in a transaction dated 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. This represents a 29.65% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 32,453 shares of company stock valued at $3,821,790 over the last three months. 1.16% of the stock is owned by insiders.

Cirrus Logic Stock Down 7.3%

Shares of Cirrus Logic stock opened at $115.68 on Monday. The firm has a market cap of $5.94 billion, a P/E ratio of 18.10 and a beta of 1.09. Cirrus Logic, Inc. has a fifty-two week low of $75.83 and a fifty-two week high of $129.56. The business has a 50-day moving average price of $116.74 and a 200 day moving average price of $105.45.

Cirrus Logic (NASDAQ:CRUS) last announced its quarterly earnings data 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. The firm had revenue of $407.27 million during the quarter, compared to analyst estimates of $361.97 million. Cirrus Logic had a return on equity of 18.38% and a net margin of 18.15%.Cirrus Logic’s quarterly revenue was up 8.9% on a year-over-year basis. During the same period in the previous year, the company earned $1.12 earnings per share. Cirrus Logic has set its Q2 2026 guidance at EPS. As a group, equities research analysts anticipate that Cirrus Logic, Inc. will post 5.63 earnings per share for the current year.

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.