VIRGINIA RETIREMENT SYSTEMS ET Al Acquires Shares of 28,088 Cirrus Logic, Inc. $CRUS

VIRGINIA RETIREMENT SYSTEMS ET Al acquired a new stake in Cirrus Logic, Inc. (NASDAQ:CRUS) in the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund acquired 28,088 shares of the semiconductor company’s stock, valued at approximately $2,928,000.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Louisiana State Employees Retirement System increased its holdings in Cirrus Logic by 0.7% in the second quarter. Louisiana State Employees Retirement System now owns 15,000 shares of the semiconductor company’s stock valued at $1,564,000 after buying an additional 100 shares in the last quarter. Somerset Trust Co increased its holdings in Cirrus Logic by 3.5% in the second quarter. Somerset Trust Co now owns 3,292 shares of the semiconductor company’s stock valued at $343,000 after buying an additional 110 shares in the last quarter. May Hill Capital LLC increased its holdings in Cirrus Logic by 5.4% in the first quarter. May Hill Capital LLC now owns 2,220 shares of the semiconductor company’s stock valued at $221,000 after buying an additional 113 shares in the last quarter. Farther Finance Advisors LLC increased its holdings in Cirrus Logic by 4.3% in the second quarter. Farther Finance Advisors LLC now owns 2,806 shares of the semiconductor company’s stock valued at $293,000 after buying an additional 116 shares in the last quarter. Finally, Public Employees Retirement System of Ohio increased its holdings in Cirrus Logic by 0.7% in the second quarter. Public Employees Retirement System of Ohio now owns 18,431 shares of the semiconductor company’s stock valued at $1,922,000 after buying an additional 122 shares in the last quarter. Hedge funds and other institutional investors own 87.96% of the company’s stock.

Analyst Ratings Changes

A number of analysts have recently commented on the stock. Wall Street Zen raised shares of Cirrus Logic from a “buy” rating to a “strong-buy” rating in a research note on Saturday. 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 research note on Friday. Finally, Weiss Ratings reissued a “hold (c)” rating on shares of Cirrus Logic in a research note on Wednesday, October 8th. Four equities research analysts have rated the stock with a Buy rating and two have issued a Hold rating to the company’s stock. According to data from MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus price target of $125.00.

Insider Buying and Selling

In related news, 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 transaction of $1,347,202.61. Following the transaction, the executive vice president directly owned 26,307 shares in the company, 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 legal filing with the SEC, which can be accessed through the SEC website. Also, EVP Denise Grode sold 2,202 shares of the business’s stock in a transaction dated Monday, September 15th. The stock was sold at an average price of $116.87, for a total transaction of $257,347.74. Following the transaction, the executive vice president owned 5,698 shares in the company, valued at $665,925.26. The trade was a 27.87% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last three months, insiders have sold 32,453 shares of company stock worth $3,821,790. 1.16% of the stock is owned by insiders.

Cirrus Logic Stock Up 4.0%

CRUS stock opened at $131.22 on Tuesday. The stock has a market capitalization of $6.74 billion, a P/E ratio of 20.54 and a beta of 1.09. Cirrus Logic, Inc. has a 52 week low of $75.83 and a 52 week high of $131.87. The firm has a 50-day simple moving average of $119.30 and a 200-day simple moving average of $106.68.

Cirrus Logic (NASDAQ:CRUS) last posted its quarterly earnings results on Tuesday, August 5th. The semiconductor company reported $1.51 earnings per share for the quarter, topping analysts’ consensus estimates of $1.07 by $0.44. The firm had revenue of $407.27 million for 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%. Cirrus Logic’s quarterly revenue was up 8.9% on a year-over-year basis. During the same period in the previous year, the business posted $1.12 earnings per share. Cirrus Logic has set its Q2 2026 guidance at EPS. On average, analysts expect 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.