RMG Wealth Management LLC Acquires Shares of 287 Cirrus Logic, Inc. $CRUS

RMG Wealth Management LLC acquired a new stake in shares of Cirrus Logic, Inc. (NASDAQ:CRUSFree Report) in the second quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm acquired 287 shares of the semiconductor company’s stock, valued at approximately $30,000.

A number of other hedge funds and other institutional investors also recently made changes to their positions in the stock. Somerset Trust Co lifted its holdings in shares of Cirrus Logic by 3.5% during the second quarter. Somerset Trust Co now owns 3,292 shares of the semiconductor company’s stock valued at $343,000 after acquiring an additional 110 shares during the period. May Hill Capital LLC increased its stake in shares of Cirrus Logic by 5.4% in the first quarter. May Hill Capital LLC now owns 2,220 shares of the semiconductor company’s stock valued at $221,000 after buying an additional 113 shares in the last quarter. Farther Finance Advisors LLC increased its stake in shares of Cirrus Logic by 4.3% in the second quarter. Farther Finance Advisors LLC now owns 2,806 shares of the semiconductor company’s stock valued at $293,000 after buying an additional 116 shares in the last quarter. Public Employees Retirement System of Ohio increased its stake in shares of Cirrus Logic by 0.7% in the second quarter. Public Employees Retirement System of Ohio now owns 18,431 shares of the semiconductor company’s stock valued at $1,922,000 after buying an additional 122 shares in the last quarter. Finally, Beverly Hills Private Wealth LLC increased its stake in shares of Cirrus Logic by 3.7% in the first quarter. Beverly Hills Private Wealth LLC now owns 3,440 shares of the semiconductor company’s stock valued at $343,000 after buying an additional 124 shares in the last quarter. 87.96% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

A number of brokerages have recently weighed in on CRUS. Wall Street Zen lowered Cirrus Logic from a “strong-buy” rating to a “buy” rating in a research note on Monday, August 11th. Stifel Nicolaus raised their target price on Cirrus Logic from $120.00 to $130.00 and gave the company a “buy” rating in a research note on Friday, September 12th. Finally, Weiss Ratings restated a “hold (c)” rating on shares of Cirrus Logic in a research note on Saturday, September 27th. Four investment analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the stock. According to MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average price target of $123.00.

Read Our Latest Research Report on Cirrus Logic

Insider Buying and Selling

In other news, EVP Jeffrey W. Baumgartner sold 9,162 shares of the business’s stock in a transaction dated 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 completion of the transaction, the executive vice president directly owned 14,001 shares in the company, valued at approximately $1,680,120. The trade was a 39.55% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, EVP Denise Grode sold 2,202 shares of the business’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 owned 5,698 shares of the company’s stock, valued at $665,925.26. The trade was a 27.87% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 32,453 shares of company stock worth $3,821,790 over the last three months. 1.16% of the stock is currently owned by company insiders.

Cirrus Logic Stock Down 3.2%

Shares of CRUS stock opened at $123.93 on Wednesday. The stock has a 50-day moving average price of $115.53 and a 200 day moving average price of $105.03. The firm has a market cap of $6.36 billion, a price-to-earnings ratio of 19.39 and a beta of 1.09. Cirrus Logic, Inc. has a 12 month low of $75.83 and a 12 month high of $129.56.

Cirrus Logic (NASDAQ:CRUSGet Free Report) last announced its quarterly earnings data on Tuesday, August 5th. The semiconductor company reported $1.51 EPS for the quarter, topping analysts’ consensus estimates of $1.07 by $0.44. The firm had revenue of $407.27 million during the quarter, compared to analyst estimates of $361.97 million. Cirrus Logic had a return on equity of 18.38% and a net margin of 18.15%.The company’s revenue was up 8.9% on a year-over-year basis. During the same period last year, the company earned $1.12 earnings per share. Cirrus Logic has set its Q2 2026 guidance at EPS. Sell-side analysts predict that Cirrus Logic, Inc. will post 5.63 earnings per share for the current fiscal year.

Cirrus Logic Profile

(Free Report)

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.

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Institutional Ownership by Quarter for Cirrus Logic (NASDAQ:CRUS)

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