One Capital Management LLC increased its holdings in Cirrus Logic, Inc. (NASDAQ:CRUS – Free Report) by 42.8% during the 4th quarter, HoldingsChannel.com reports. The firm owned 16,508 shares of the semiconductor company’s stock after purchasing an additional 4,946 shares during the period. One Capital Management LLC’s holdings in Cirrus Logic were worth $1,956,000 at the end of the most recent quarter.
Other institutional investors also recently modified their holdings of the company. Thrivent Financial for Lutherans lifted its holdings in Cirrus Logic by 102.5% in the third quarter. Thrivent Financial for Lutherans now owns 25,341 shares of the semiconductor company’s stock valued at $3,175,000 after buying an additional 12,828 shares during the period. Mach 1 Financial Group LLC acquired a new position in Cirrus Logic in the fourth quarter valued at $736,000. Universal Beteiligungs und Servicegesellschaft mbH lifted its holdings in Cirrus Logic by 9.8% in the fourth quarter. Universal Beteiligungs und Servicegesellschaft mbH now owns 129,880 shares of the semiconductor company’s stock valued at $15,391,000 after buying an additional 11,607 shares during the period. Vaughan Nelson Investment Management L.P. lifted its holdings in Cirrus Logic by 546.3% in the fourth quarter. Vaughan Nelson Investment Management L.P. now owns 388,225 shares of the semiconductor company’s stock valued at $46,005,000 after buying an additional 328,159 shares during the period. Finally, Lecap Asset Management Ltd. acquired a new position in Cirrus Logic in the fourth quarter valued at $888,000. Institutional investors own 87.96% of the company’s stock.
Cirrus Logic News Summary
Here are the key news stories impacting Cirrus Logic this week:
- Positive Sentiment: Zacks Research raised multiple forward earnings estimates for Cirrus Logic, including FY2027 to $8.08 per share, FY2028 to $8.53, and FY2029 to $8.58, suggesting a better long-term earnings outlook. Cirrus Logic stock page
- Positive Sentiment: Analysts also increased near-term estimates for Q1 2027, Q4 2027, Q1 2028, and Q3 2028, signaling confidence that earnings momentum could continue over the next several quarters. Cirrus Logic stock page
- Neutral Sentiment: Zacks Research kept a Hold rating on Cirrus Logic, which tempers the bullish impact of the higher estimates and suggests analysts still see limited near-term upside from current levels. Cirrus Logic stock page
- Negative Sentiment: Not all revisions were positive: Zacks Research cut its Q2 2027 and Q3 2027 EPS estimates slightly, indicating some quarter-to-quarter variability in the outlook. Cirrus Logic stock page
Cirrus Logic Price Performance
Cirrus Logic (NASDAQ:CRUS – Get Free Report) last posted its earnings results on Wednesday, May 6th. The semiconductor company reported $1.95 earnings per share for the quarter, topping analysts’ consensus estimates of $1.76 by $0.19. Cirrus Logic had a net margin of 20.75% and a return on equity of 20.48%. The company had revenue of $448.52 million for the quarter, compared to analyst estimates of $442.26 million. During the same quarter in the prior year, the business posted $1.67 EPS. The firm’s revenue was up 5.7% compared to the same quarter last year. As a group, analysts expect that Cirrus Logic, Inc. will post 8.05 EPS for the current year.
Wall Street Analyst Weigh In
Several research firms recently issued reports on CRUS. KeyCorp boosted their target price on shares of Cirrus Logic from $175.00 to $200.00 and gave the company an “overweight” rating in a report on Thursday, May 7th. Barclays boosted their target price on shares of Cirrus Logic from $120.00 to $140.00 and gave the company an “equal weight” rating in a report on Thursday, May 7th. Weiss Ratings reiterated a “hold (c+)” rating on shares of Cirrus Logic in a report on Friday, March 27th. Benchmark upped their price objective on shares of Cirrus Logic from $150.00 to $160.00 and gave the company a “buy” rating in a report on Wednesday, February 4th. Finally, Zacks Research lowered shares of Cirrus Logic from a “strong-buy” rating to a “hold” rating in a report on Monday, April 27th. Four investment analysts have rated the stock with a Buy rating and four have issued a Hold rating to the company’s stock. According to data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average target price of $161.71.
View Our Latest Report on CRUS
Insider Activity
In related news, EVP Justin E. Dougherty sold 2,000 shares of the company’s stock in a transaction that occurred on Thursday, May 21st. The shares were sold at an average price of $166.50, for a total transaction of $333,000.00. Following the sale, the executive vice president directly owned 4,537 shares in the company, valued at approximately $755,410.50. This represents a 30.60% decrease in their position. The sale was disclosed in a filing with the SEC, which can be accessed through this hyperlink. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Also, EVP Scott Thomas sold 9,942 shares of the company’s stock in a transaction that occurred on Thursday, April 9th. The shares were sold at an average price of $160.11, for a total transaction of $1,591,813.62. Following the sale, the executive vice president owned 30,393 shares in the company, valued at $4,866,223.23. The trade was a 24.65% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Over the last quarter, insiders sold 17,942 shares of company stock valued at $2,935,864. 1.16% of the stock is currently owned by company insiders.
Cirrus Logic Company Profile
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.
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