1,986 Shares in Cirrus Logic, Inc. $CRUS Bought by Vise Technologies Inc.

Vise Technologies Inc. acquired a new stake in shares of Cirrus Logic, Inc. (NASDAQ:CRUS) in the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm acquired 1,986 shares of the semiconductor company’s stock, valued at approximately $207,000.

A number of other hedge funds and other institutional investors have also recently modified their holdings of the business. Hantz Financial Services Inc. increased its stake in shares of Cirrus Logic by 1,660.0% in the 2nd quarter. Hantz Financial Services Inc. now owns 264 shares of the semiconductor company’s stock worth $28,000 after acquiring an additional 249 shares in the last quarter. Banque Cantonale Vaudoise purchased a new stake in Cirrus Logic in the first quarter worth about $30,000. RMG Wealth Management LLC bought a new position in shares of Cirrus Logic during the second quarter valued at approximately $30,000. Ameritas Advisory Services LLC purchased a new position in shares of Cirrus Logic during the second quarter valued at approximately $31,000. Finally, Migdal Insurance & Financial Holdings Ltd. bought a new stake in shares of Cirrus Logic in the 2nd quarter worth approximately $39,000. 87.96% of the stock is owned by hedge funds and other institutional investors.

Insider Activity at Cirrus Logic

In related news, EVP Jeffrey W. Baumgartner sold 9,162 shares of the company’s stock in a transaction on Wednesday, September 17th. The stock was 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 owned 14,001 shares in the company, valued at approximately $1,680,120. This represents a 39.55% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, EVP Scott Thomas sold 734 shares of the firm’s stock in a transaction dated Monday, October 20th. The stock was sold at an average price of $131.25, for a total value of $96,337.50. Following the completion of the transaction, the executive vice president directly owned 26,307 shares in the company, valued at $3,452,793.75. The trade was a 2.71% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Insiders have sold a total of 42,100 shares of company stock valued at $4,979,310 in the last quarter. 1.16% of the stock is currently owned by corporate insiders.

Cirrus Logic Stock Performance

Shares of NASDAQ:CRUS opened at $115.51 on Wednesday. The firm has a market cap of $5.89 billion, a price-to-earnings ratio of 18.08 and a beta of 1.11. The business has a 50-day simple moving average of $124.03 and a two-hundred day simple moving average of $112.28. Cirrus Logic, Inc. has a fifty-two week low of $75.83 and a fifty-two week high of $136.92.

Cirrus Logic (NASDAQ:CRUS) last announced its quarterly earnings results on Tuesday, November 4th. The semiconductor company reported $2.83 EPS for the quarter, topping analysts’ consensus estimates of $2.32 by $0.51. Cirrus Logic had a net margin of 18.15% and a return on equity of 18.38%. The firm had revenue of $560.96 million during the quarter, compared to analyst estimates of $540.45 million. During the same period in the previous year, the business posted $2.25 earnings per share. The business’s revenue for the quarter was up 3.5% on a year-over-year basis. Cirrus Logic has set its Q3 2026 guidance at EPS. As a group, research analysts predict that Cirrus Logic, Inc. will post 5.63 earnings per share for the current year.

Analyst Upgrades and Downgrades

A number of research analysts recently weighed in on CRUS shares. Benchmark raised their price objective on Cirrus Logic from $125.00 to $150.00 and gave the company a “buy” rating in a research report on Wednesday, November 5th. Stifel Nicolaus raised their price target on Cirrus Logic from $140.00 to $150.00 and gave the company a “buy” rating in a report on Wednesday, November 5th. KeyCorp lifted their price target on Cirrus Logic from $135.00 to $150.00 and gave the stock an “overweight” rating in a research report on Wednesday, November 5th. Susquehanna increased their price objective on shares of Cirrus Logic from $140.00 to $155.00 and gave the company a “positive” rating in a research report on Wednesday, October 22nd. Finally, Zacks Research raised shares of Cirrus Logic from a “hold” rating to a “strong-buy” rating in a report on Monday, October 27th. One analyst has rated the stock with a Strong Buy rating, four have assigned a Buy rating and two have issued a Hold rating to the stock. According to data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus price target of $141.67.

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.