Bank of New York Mellon Corp Acquires 7,650 Shares of Cirrus Logic, Inc. $CRUS

Bank of New York Mellon Corp grew its holdings in shares of Cirrus Logic, Inc. (NASDAQ:CRUS) by 1.8% during the second quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 443,797 shares of the semiconductor company’s stock after buying an additional 7,650 shares during the period. Bank of New York Mellon Corp’s holdings in Cirrus Logic were worth $46,268,000 as of its most recent filing with the SEC.

Several other large investors also recently modified their holdings of CRUS. Vanguard Group Inc. lifted its position in shares of Cirrus Logic by 0.4% during the 1st quarter. Vanguard Group Inc. now owns 6,420,646 shares of the semiconductor company’s stock valued at $639,849,000 after acquiring an additional 24,614 shares during the period. LSV Asset Management increased its stake in Cirrus Logic by 6.4% in the first quarter. LSV Asset Management now owns 2,402,284 shares of the semiconductor company’s stock valued at $239,400,000 after purchasing an additional 145,524 shares in the last quarter. Fuller & Thaler Asset Management Inc. raised its holdings in shares of Cirrus Logic by 0.3% during the first quarter. Fuller & Thaler Asset Management Inc. now owns 1,590,744 shares of the semiconductor company’s stock valued at $158,518,000 after purchasing an additional 4,403 shares during the period. Ameriprise Financial Inc. boosted its position in shares of Cirrus Logic by 98.0% during the 1st quarter. Ameriprise Financial Inc. now owns 1,117,526 shares of the semiconductor company’s stock worth $111,380,000 after purchasing an additional 553,169 shares in the last quarter. Finally, AQR Capital Management LLC grew its stake in shares of Cirrus Logic by 131.5% in the 1st quarter. AQR Capital Management LLC now owns 1,063,813 shares of the semiconductor company’s stock valued at $103,456,000 after buying an additional 604,337 shares during the period. Institutional investors and hedge funds own 87.96% of the company’s stock.

Cirrus Logic Trading Up 1.4%

Shares of Cirrus Logic stock opened at $120.40 on Wednesday. The company has a market capitalization of $6.14 billion, a P/E ratio of 18.84 and a beta of 1.11. The stock has a fifty day simple moving average of $123.76 and a 200 day simple moving average of $111.48. Cirrus Logic, Inc. has a 12-month low of $75.83 and a 12-month high of $136.92.

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

Insiders Place Their Bets

In other Cirrus Logic news, EVP Scott Thomas sold 734 shares of the company’s stock in a transaction dated Monday, October 20th. The shares were sold at an average price of $131.25, for a total value of $96,337.50. Following the completion of the sale, the executive vice president directly owned 26,307 shares of the company’s stock, valued at approximately $3,452,793.75. This represents a 2.71% decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, EVP Jeffrey W. Baumgartner sold 9,162 shares of Cirrus Logic stock in a transaction that occurred 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 transaction, the executive vice president directly owned 14,001 shares in the company, valued at approximately $1,680,120. This represents a 39.55% decrease in their position. The SEC filing for this sale provides additional information. In the last ninety days, insiders sold 33,187 shares of company stock valued at $3,918,128. Corporate insiders own 1.16% of the company’s stock.

Analysts Set New Price Targets

A number of research analysts recently weighed in on the company. KeyCorp upped their price target on Cirrus Logic from $135.00 to $150.00 and gave the stock an “overweight” rating in a research note on Wednesday, November 5th. Zacks Research raised Cirrus Logic from a “hold” rating to a “strong-buy” rating in a research report on Monday, October 27th. Susquehanna lifted their price target 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. Wall Street Zen downgraded shares of Cirrus Logic from a “strong-buy” rating to a “buy” rating in a report on Saturday. Finally, Stifel Nicolaus raised their price objective on shares of Cirrus Logic from $140.00 to $150.00 and gave the company a “buy” rating in a research note on Wednesday, November 5th. One equities research analyst has rated the stock with a Strong Buy rating, four have issued a Buy rating and two have given a Hold rating to the company. Based on data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus target price 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.