Cirrus Logic, Inc. $CRUS Shares Acquired by Ritholtz Wealth Management

Ritholtz Wealth Management grew its holdings in Cirrus Logic, Inc. (NASDAQ:CRUS) by 7.8% during the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 6,680 shares of the semiconductor company’s stock after purchasing an additional 486 shares during the quarter. Ritholtz Wealth Management’s holdings in Cirrus Logic were worth $696,000 at the end of the most recent quarter.

Other large investors have also modified their holdings of the company. Robeco Institutional Asset Management B.V. grew its position in shares of Cirrus Logic by 72.2% in the second quarter. Robeco Institutional Asset Management B.V. now owns 298,512 shares of the semiconductor company’s stock valued at $31,121,000 after purchasing an additional 125,207 shares during the last quarter. Integrated Wealth Concepts LLC acquired a new stake in shares of Cirrus Logic in the first quarter valued at approximately $629,000. United Services Automobile Association acquired a new stake in shares of Cirrus Logic in the first quarter valued at approximately $358,000. Strs Ohio acquired a new stake in shares of Cirrus Logic in the first quarter valued at approximately $1,434,000. Finally, Millennium Management LLC grew its position in shares of Cirrus Logic by 34.2% in the first quarter. Millennium Management LLC now owns 374,368 shares of the semiconductor company’s stock valued at $37,308,000 after purchasing an additional 95,452 shares during the last quarter. 87.96% of the stock is currently owned by institutional investors and hedge funds.

Insider Buying and Selling at Cirrus Logic

In other Cirrus Logic news, EVP Scott Thomas sold 11,089 shares of Cirrus Logic stock in a transaction on Thursday, September 18th. The shares were sold at an average price of $121.49, for a total value of $1,347,202.61. Following the transaction, the executive vice president owned 26,307 shares in the company, valued at $3,196,037.43. This trade represents a 29.65% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, EVP Denise Grode sold 2,202 shares of Cirrus Logic stock in a transaction on Monday, September 15th. The shares were sold at an average price of $116.87, for a total transaction of $257,347.74. Following the completion of the transaction, the executive vice president owned 5,698 shares in the company, valued at approximately $665,925.26. This trade represents a 27.87% decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 32,453 shares of company stock worth $3,821,790 in the last quarter. 1.16% of the stock is owned by insiders.

Cirrus Logic Stock Up 2.4%

Shares of CRUS opened at $126.15 on Friday. The firm has a market cap of $6.48 billion, a PE ratio of 19.74 and a beta of 1.09. The company’s fifty day moving average is $118.77 and its two-hundred day moving average is $106.22. Cirrus Logic, Inc. has a fifty-two week low of $75.83 and a fifty-two week high of $129.56.

Cirrus Logic (NASDAQ:CRUS) last announced its quarterly earnings results on Tuesday, August 5th. The semiconductor company reported $1.51 earnings per share for the quarter, beating analysts’ consensus estimates of $1.07 by $0.44. The company had revenue of $407.27 million for the quarter, compared to analyst estimates of $361.97 million. Cirrus Logic had a net margin of 18.15% and a return on equity of 18.38%. Cirrus Logic’s revenue for the quarter was up 8.9% on a year-over-year basis. During the same quarter last year, the business earned $1.12 EPS. Cirrus Logic has set its Q2 2026 guidance at EPS. As a group, equities research analysts anticipate that Cirrus Logic, Inc. will post 5.63 earnings per share for the current year.

Wall Street Analyst Weigh In

A number of analysts recently issued reports on CRUS shares. Weiss Ratings restated a “hold (c)” rating on shares of Cirrus Logic in a research report on Wednesday, October 8th. Wall Street Zen upgraded shares of Cirrus Logic from a “buy” rating to a “strong-buy” rating in a research report on Saturday. Finally, Stifel Nicolaus raised their target price on shares of Cirrus Logic from $130.00 to $140.00 and gave the stock a “buy” rating in a research report on Friday. Four investment analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the company. According to data from MarketBeat, the company has an average rating of “Moderate Buy” and an average target price of $125.00.

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.