Cirrus Logic, Inc. $CRUS Shares Acquired by State of New Jersey Common Pension Fund D

State of New Jersey Common Pension Fund D grew its stake in Cirrus Logic, Inc. (NASDAQ:CRUS) by 2.7% in the second quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 18,433 shares of the semiconductor company’s stock after acquiring an additional 478 shares during the quarter. State of New Jersey Common Pension Fund D’s holdings in Cirrus Logic were worth $1,922,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also modified their holdings of the stock. Louisiana State Employees Retirement System increased its stake in shares of Cirrus Logic by 0.7% in the 2nd quarter. Louisiana State Employees Retirement System now owns 15,000 shares of the semiconductor company’s stock worth $1,564,000 after acquiring an additional 100 shares during the last quarter. Somerset Trust Co increased its stake in shares of Cirrus Logic by 3.5% in the 2nd quarter. Somerset Trust Co now owns 3,292 shares of the semiconductor company’s stock worth $343,000 after acquiring an additional 110 shares during the last quarter. May Hill Capital LLC increased its stake in shares of Cirrus Logic by 5.4% in the 1st quarter. May Hill Capital LLC now owns 2,220 shares of the semiconductor company’s stock worth $221,000 after acquiring an additional 113 shares during the last quarter. Farther Finance Advisors LLC increased its stake in shares of Cirrus Logic by 4.3% in the 2nd quarter. Farther Finance Advisors LLC now owns 2,806 shares of the semiconductor company’s stock worth $293,000 after acquiring an additional 116 shares during the last quarter. Finally, Public Employees Retirement System of Ohio increased its stake in shares of Cirrus Logic by 0.7% in the 2nd quarter. Public Employees Retirement System of Ohio now owns 18,431 shares of the semiconductor company’s stock worth $1,922,000 after acquiring an additional 122 shares during the last quarter. 87.96% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

A number of research analysts recently commented on the company. Susquehanna upped their price objective on Cirrus Logic from $140.00 to $155.00 and gave the company a “positive” rating in a report on Wednesday, October 22nd. Stifel Nicolaus raised their price objective on Cirrus Logic from $130.00 to $140.00 and gave the stock a “buy” rating in a research report on Friday, October 17th. Weiss Ratings reaffirmed a “hold (c)” rating on shares of Cirrus Logic in a research report on Wednesday, October 8th. Zacks Research upgraded shares of Cirrus Logic from a “hold” rating to a “strong-buy” rating in a research report on Monday, October 27th. Finally, Wall Street Zen raised shares of Cirrus Logic from a “buy” rating to a “strong-buy” rating in a research note on Saturday, October 18th. One research analyst has rated the stock with a Strong Buy rating, four have assigned a Buy rating and two have given a Hold rating to the company. According to data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus target price of $128.00.

Cirrus Logic Price Performance

Cirrus Logic stock opened at $132.65 on Friday. Cirrus Logic, Inc. has a 1-year low of $75.83 and a 1-year high of $136.92. The stock has a market cap of $6.81 billion, a PE ratio of 20.76 and a beta of 1.09. The stock’s fifty day moving average is $122.77 and its two-hundred day moving average is $109.47.

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, beating analysts’ consensus estimates of $1.07 by $0.44. The company had revenue of $407.27 million for the quarter, compared to analysts’ expectations 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 last year, the firm earned $1.12 earnings per share. Cirrus Logic has set its Q2 2026 guidance at EPS. On average, research analysts expect that Cirrus Logic, Inc. will post 5.63 earnings per share for the current fiscal year.

Insider Buying and Selling

In related news, EVP Scott Thomas sold 11,089 shares of the firm’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 owned 26,307 shares in the company, valued at $3,196,037.43. This trade represents a 29.65% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, EVP Jeffrey W. Baumgartner sold 10,000 shares of Cirrus Logic stock in a transaction that occurred on Tuesday, September 2nd. The shares were sold at an average price of $111.78, for a total value of $1,117,800.00. Following the completion of the sale, the executive vice president directly owned 14,001 shares in the company, valued at $1,565,031.78. This represents a 41.66% decrease in their position. The SEC filing for this sale provides additional information. Insiders have sold a total of 33,187 shares of company stock valued at $3,918,128 over the last quarter. 1.16% of the stock is currently owned by insiders.

About Cirrus Logic

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.