Ritholtz Wealth Management Raises Stock Position in Cirrus Logic, Inc. $CRUS

Ritholtz Wealth Management grew its holdings in Cirrus Logic, Inc. (NASDAQ:CRUS) by 7.8% during the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 6,680 shares of the semiconductor company’s stock after acquiring an additional 486 shares during the period. Ritholtz Wealth Management’s holdings in Cirrus Logic were worth $696,000 as of its most recent SEC filing.

A number of other hedge funds have also made changes to their positions in CRUS. Banque Cantonale Vaudoise purchased a new position in shares of Cirrus Logic in the 1st quarter valued at $30,000. RMG Wealth Management LLC purchased a new position in shares of Cirrus Logic in the 2nd quarter valued at $30,000. Ameritas Advisory Services LLC purchased a new position in shares of Cirrus Logic in the 2nd quarter valued at $31,000. Geneos Wealth Management Inc. raised its stake in shares of Cirrus Logic by 95.1% in the 1st quarter. Geneos Wealth Management Inc. now owns 476 shares of the semiconductor company’s stock valued at $47,000 after acquiring an additional 232 shares during the period. Finally, N.E.W. Advisory Services LLC purchased a new stake in Cirrus Logic during the 1st quarter worth $50,000. Hedge funds and other institutional investors own 87.96% of the company’s stock.

Insiders Place Their Bets

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 transaction, 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 ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available through this link. Also, EVP Jeffrey W. Baumgartner sold 10,000 shares of Cirrus Logic stock in a transaction on Tuesday, September 2nd. The stock was sold at an average price of $111.78, for a total transaction of $1,117,800.00. Following the completion of the transaction, the executive vice president directly owned 14,001 shares of the company’s stock, valued at approximately $1,565,031.78. This represents a 41.66% decrease in their position. 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 in the last ninety days. Corporate insiders own 1.16% of the company’s stock.

Cirrus Logic Price Performance

Shares of CRUS stock opened at $126.15 on Friday. The firm has a market cap of $6.48 billion, a P/E ratio of 19.74 and a beta of 1.09. Cirrus Logic, Inc. has a 1-year low of $75.83 and a 1-year high of $129.56. The firm has a fifty day moving average of $118.77 and a two-hundred day moving average of $106.22.

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, topping the consensus estimate of $1.07 by $0.44. The company had revenue of $407.27 million during the quarter, compared to analyst estimates of $361.97 million. Cirrus Logic had a net margin of 18.15% and a return on equity of 18.38%. The firm’s revenue for the quarter was up 8.9% compared to the same quarter last year. During the same period last year, the business earned $1.12 EPS. Cirrus Logic has set its Q2 2026 guidance at EPS. On average, sell-side analysts expect that Cirrus Logic, Inc. will post 5.63 EPS for the current year.

Analyst Ratings Changes

Several equities research analysts recently issued reports on CRUS shares. Wall Street Zen raised shares of Cirrus Logic from a “buy” rating to a “strong-buy” rating in a research note on Saturday. Weiss Ratings reaffirmed a “hold (c)” rating on shares of Cirrus Logic in a research note on Wednesday, October 8th. Finally, Stifel Nicolaus lifted their price target on shares of Cirrus Logic from $130.00 to $140.00 and gave the stock a “buy” rating in a research note on Friday. Four research analysts have rated the stock with a Buy rating and two have issued a Hold rating to the company. According to MarketBeat, Cirrus Logic currently has a consensus rating of “Moderate Buy” and an average target price of $125.00.

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.