Chicago Partners Investment Group LLC Buys 1,881 Shares of Cirrus Logic, Inc. $CRUS

Chicago Partners Investment Group LLC boosted its position in Cirrus Logic, Inc. (NASDAQ:CRUS) by 80.9% in the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 4,205 shares of the semiconductor company’s stock after purchasing an additional 1,881 shares during the quarter. Chicago Partners Investment Group LLC’s holdings in Cirrus Logic were worth $433,000 at the end of the most recent quarter.

A number of other institutional investors have also added to or reduced their stakes in CRUS. Banque Cantonale Vaudoise bought a new position in Cirrus Logic in the first quarter worth $30,000. RMG Wealth Management LLC bought a new position in Cirrus Logic in the second quarter worth $30,000. Ameritas Advisory Services LLC bought a new position in Cirrus Logic in the second quarter worth $31,000. Geneos Wealth Management Inc. raised its holdings in Cirrus Logic by 95.1% in the first quarter. Geneos Wealth Management Inc. now owns 476 shares of the semiconductor company’s stock worth $47,000 after purchasing an additional 232 shares in the last quarter. Finally, N.E.W. Advisory Services LLC bought a new position in Cirrus Logic in the first quarter worth $50,000. Institutional investors own 87.96% of the company’s stock.

Analysts Set New Price Targets

A number of research firms have issued reports on CRUS. Wall Street Zen upgraded Cirrus Logic from a “buy” rating to a “strong-buy” rating in a report on Saturday, October 18th. Stifel Nicolaus raised their price target on Cirrus Logic from $130.00 to $140.00 and gave the company a “buy” rating in a report on Friday, October 17th. Susquehanna raised their price target on Cirrus Logic from $140.00 to $155.00 and gave the company a “positive” rating in a report on Wednesday. Finally, Weiss Ratings restated a “hold (c)” rating on shares of Cirrus Logic in a report on Wednesday, October 8th. Four investment analysts have rated the stock with a Buy rating and two have issued a Hold rating to the company. Based on data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average target price of $128.00.

Cirrus Logic Price Performance

Shares of NASDAQ:CRUS opened at $128.92 on Thursday. Cirrus Logic, Inc. has a 1-year low of $75.83 and a 1-year high of $131.87. The company has a market capitalization of $6.62 billion, a PE ratio of 20.18 and a beta of 1.09. The business has a fifty day moving average price of $120.11 and a 200-day moving average price of $107.00.

Cirrus Logic (NASDAQ:CRUS) last released its quarterly earnings data on Tuesday, August 5th. The semiconductor company reported $1.51 EPS for the quarter, beating the consensus estimate of $1.07 by $0.44. Cirrus Logic had a return on equity of 18.38% and a net margin of 18.15%.The company had revenue of $407.27 million for the quarter, compared to analysts’ expectations of $361.97 million. During the same period last year, the firm posted $1.12 earnings per share. Cirrus Logic’s revenue was up 8.9% compared to the same quarter last year. Cirrus Logic has set its Q2 2026 guidance at EPS. On average, sell-side analysts anticipate that Cirrus Logic, Inc. will post 5.63 earnings per share for the current fiscal year.

Insiders Place Their Bets

In other Cirrus Logic news, EVP Denise Grode sold 2,202 shares of the firm’s stock in a transaction dated Monday, September 15th. The stock was sold at an average price of $116.87, for a total value of $257,347.74. Following the transaction, the executive vice president directly owned 5,698 shares of the company’s stock, valued at approximately $665,925.26. This trade represents a 27.87% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, EVP Jeffrey W. Baumgartner sold 10,000 shares of the firm’s stock in a transaction dated Tuesday, September 2nd. The stock was sold at an average price of $111.78, for a total value of $1,117,800.00. Following the completion of the transaction, the executive vice president directly owned 14,001 shares in the company, valued at $1,565,031.78. The trade was a 41.66% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last three months, insiders have sold 33,187 shares of company stock valued at $3,918,128. Insiders own 1.16% of the company’s stock.

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.