Glenview Trust Co Acquires New Holdings in Cirrus Logic, Inc. $CRUS

Posted by Geri Gentry on Aug 29th, 2026

Glenview Trust Co purchased a new position in Cirrus Logic, Inc. (NASDAQ:CRUS – Free Report) in the second quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund purchased 11,958 shares of the semiconductor company’s stock, valued at approximately $1,776,000.

Several other large investors have also recently bought and sold shares of CRUS. Empowered Funds LLC bought a new position in Cirrus Logic in the second quarter worth $26,290,000. Caitlin John LLC bought a new stake in shares of Cirrus Logic during the second quarter worth approximately $449,000. Public Employees Retirement System of Ohio bought a new stake in shares of Cirrus Logic in the 2nd quarter valued at about $2,859,000. Proficio Capital Partners LLC acquired a new position in Cirrus Logic in the second quarter valued at about $623,000. Finally, Corient Private Wealth LP bought a new stake in Cirrus Logic in the 2nd quarter valued at $16,368,000. 87.96% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

Several research analysts have weighed in on the company. Stifel Nicolaus lowered their price target on Cirrus Logic from $197.00 to $160.00 and set a “buy” rating on the stock in a research report on Thursday, August 6th. Barclays lowered their price objective on shares of Cirrus Logic from $140.00 to $130.00 and set an “equal weight” rating for the company in a research report on Thursday, August 6th. Wall Street Zen downgraded Cirrus Logic from a “buy” rating to a “hold” rating in a research report on Saturday, August 8th. Zacks Research downgraded shares of Cirrus Logic from a “hold” rating to a “strong sell” rating in a research note on Friday, August 14th. Finally, Weiss Ratings restated a “hold (c+)” rating on shares of Cirrus Logic in a research note on Wednesday, June 24th. Five research analysts have rated the stock with a Buy rating, three have assigned a Hold rating and one has assigned a Sell rating to the stock. According to data from MarketBeat.com, the company has a consensus rating of “Hold” and an average target price of $150.71.

Read Our Latest Research Report on CRUS

Insider Activity at Cirrus Logic

In related news, EVP Jeffrey W. Baumgartner sold 3,907 shares of Cirrus Logic stock in a transaction on Tuesday, June 2nd. The shares were sold at an average price of $168.54, for a total value of $658,485.78. Following the transaction, the executive vice president owned 17,575 shares in the company, valued at $2,962,090.50. This trade represents a 18.19% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, EVP Andrew Brannan sold 6,464 shares of the firm’s stock in a transaction that occurred on Monday, June 29th. The stock was sold at an average price of $144.71, for a total transaction of $935,405.44. Following the completion of the transaction, the executive vice president owned 7,203 shares in the company, valued at $1,042,346.13. This represents a 47.30% decrease in their position. The disclosure for this sale is available in the SEC filing. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. In the last 90 days, insiders have sold 16,631 shares of company stock valued at $2,536,629. Insiders own 1.20% of the company’s stock.

Cirrus Logic Stock Down 2.2%

NASDAQ CRUS opened at $108.48 on Friday. The company’s 50 day moving average is $133.85 and its 200-day moving average is $147.51. Cirrus Logic, Inc. has a 12-month low of $108.12 and a 12-month high of $180.42. The firm has a market cap of $5.44 billion, a P/E ratio of 13.28 and a beta of 1.18.

Cirrus Logic (NASDAQ:CRUS – Get Free Report) last announced its quarterly earnings results on Wednesday, August 5th. The semiconductor company reported $1.84 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.81 by $0.03. Cirrus Logic had a net margin of 21.00% and a return on equity of 20.61%. The firm had revenue of $459.72 million for the quarter, compared to the consensus estimate of $460.32 million. During the same period in the prior year, the firm posted $1.51 earnings per share. The company’s revenue for the quarter was up 12.9% on a year-over-year basis. Equities analysts expect that Cirrus Logic, Inc. will post 7.32 EPS for the current year.

Trending Headlines about Cirrus Logic

Here are the key news stories impacting Cirrus Logic this week:

Positive Sentiment: Zacks modestly raised its FY2029 EPS forecast to $8.73 from $8.58, suggesting some longer-term earnings potential despite the broader downgrade cycle. Cirrus Logic analyst estimates
Neutral Sentiment: The revised FY2027 EPS estimate of $7.47 matches the current consensus forecast, while the company’s most recent quarterly results showed EPS slightly above expectations and revenue growth of 12.9% year over year. However, those results are not the focus of the latest analyst revisions. Cirrus Logic earnings and estimates
Negative Sentiment: Zacks cut EPS forecasts across multiple periods, including FY2027 to $7.47 from $8.08, FY2028 to $7.75 from $8.53, Q2 2027 to $2.15 from $2.42, Q3 2027 to $2.48 from $2.76, Q1 2028 to $1.40 from $1.50, Q2 2028 to $2.21 from $2.42, Q3 2028 to $2.71 from $3.04, Q4 2028 to $1.42 from $1.56, and Q1 2029 to $1.52 from $1.54. The breadth of the reductions signals weaker expected earnings momentum and is likely the primary reason CRUS shares are decreasing. Zacks Research estimates for Cirrus Logic

Cirrus Logic Profile

(Free Report)

Cirrus Logic, Inc, headquartered in Austin, Texas, is a fabless semiconductor company specializing in high-precision analog and mixed-signal processing solutions. The firm develops low-power, high-performance audio, voice, and power management integrated circuits, serving prominent consumer electronics OEMs. Its semiconductor devices are designed to enhance audio quality, battery life, and system integration in mobile phones, tablets, wireless headsets and other portable devices.

The company’s product portfolio includes digital-to-analog converters (DACs), analog-to-digital converters (ADCs), audio codecs, power management ICs, voice processors and integrated amplifiers.