Cirrus Logic, Inc. $CRUS Shares Sold by Legal & General Group Plc

Posted by Brian Himes on Jun 5th, 2026

Legal & General Group Plc lowered its position in Cirrus Logic, Inc. (NASDAQ:CRUS – Free Report) by 21.9% during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 80,996 shares of the semiconductor company’s stock after selling 22,764 shares during the quarter. Legal & General Group Plc’s holdings in Cirrus Logic were worth $9,598,000 as of its most recent filing with the Securities and Exchange Commission.

Several other large investors also recently made changes to their positions in CRUS. Vaughan Nelson Investment Management L.P. increased its stake 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 acquiring an additional 328,159 shares during the period. Vanguard Group Inc. increased its stake in Cirrus Logic by 4.2% in the third quarter. Vanguard Group Inc. now owns 6,622,431 shares of the semiconductor company’s stock valued at $829,724,000 after acquiring an additional 268,560 shares during the period. Arbejdsmarkedets Tillaegspension bought a new stake in Cirrus Logic in the fourth quarter valued at about $21,988,000. Voloridge Investment Management LLC bought a new stake in Cirrus Logic in the third quarter valued at about $19,508,000. Finally, Barclays PLC increased its stake in Cirrus Logic by 234.4% in the third quarter. Barclays PLC now owns 183,122 shares of the semiconductor company’s stock valued at $22,943,000 after acquiring an additional 128,362 shares during the period. Institutional investors and hedge funds own 87.96% of the company’s stock.

Insider Buying and Selling at Cirrus Logic

In related news, EVP Jeffrey W. Baumgartner sold 3,907 shares of the business’s stock in a transaction that occurred on Tuesday, June 2nd. The shares were sold at an average price of $168.54, for a total transaction of $658,485.78. Following the completion of the sale, the executive vice president directly owned 17,575 shares of the company’s stock, valued at $2,962,090.50. The trade was a 18.19% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, Director Alexander M. Davern sold 1,000 shares of the business’s stock in a transaction that occurred on Wednesday, May 20th. The stock was sold at an average price of $159.00, for a total transaction of $159,000.00. Following the sale, the director directly owned 20,531 shares of the company’s stock, valued at approximately $3,264,429. This trade represents a 4.64% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold a total of 23,149 shares of company stock valued at $3,828,401 over the last 90 days. Company insiders own 1.16% of the company’s stock.

Cirrus Logic Trading Down 1.8%

Shares of CRUS stock opened at $175.63 on Friday. Cirrus Logic, Inc. has a 1 year low of $92.02 and a 1 year high of $180.42. The firm’s 50 day moving average is $162.97 and its 200-day moving average is $140.83. The firm has a market capitalization of $8.88 billion, a price-to-earnings ratio of 22.40 and a beta of 1.15.

Cirrus Logic (NASDAQ:CRUS – Get Free Report) last announced its earnings results on Wednesday, May 6th. The semiconductor company reported $1.95 earnings per share (EPS) 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 period in the prior year, the business earned $1.67 earnings per share. Cirrus Logic’s quarterly revenue was up 5.7% on a year-over-year basis. On average, equities research analysts forecast that Cirrus Logic, Inc. will post 8.05 earnings per share for the current fiscal year.

Analyst Ratings Changes

A number of research firms recently weighed in on CRUS. Stifel Nicolaus set a $197.00 target price on shares of Cirrus Logic in a research note on Thursday, May 7th. Jefferies Financial Group upgraded shares of Cirrus Logic to a “buy” rating in a research report on Thursday. Weiss Ratings restated a “hold (c+)” rating on shares of Cirrus Logic in a research report on Friday, March 27th. Zacks Research lowered shares of Cirrus Logic from a “strong-buy” rating to a “hold” rating in a research report on Monday, April 27th. Finally, Barclays boosted their price target on shares of Cirrus Logic from $120.00 to $140.00 and gave the company an “equal weight” rating in a research report on Thursday, May 7th. Five equities research analysts have rated the stock with a Buy rating and four have given a Hold rating to the company’s stock. According to data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $161.71.

Check Out Our Latest Analysis on CRUS

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.