VIRGINIA RETIREMENT SYSTEMS ET Al Makes New Investment in Cirrus Logic, Inc. $CRUS

VIRGINIA RETIREMENT SYSTEMS ET Al purchased a new position in Cirrus Logic, Inc. (NASDAQ:CRUS) during the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund purchased 28,088 shares of the semiconductor company’s stock, valued at approximately $2,928,000. VIRGINIA RETIREMENT SYSTEMS ET Al owned about 0.05% of Cirrus Logic at the end of the most recent quarter.

Several other institutional investors and hedge funds have also bought and sold shares of the company. Foster & Motley Inc. purchased a new position in Cirrus Logic in the second quarter worth $293,000. Ritholtz Wealth Management grew its holdings in Cirrus Logic by 7.8% in the second quarter. Ritholtz Wealth Management now owns 6,680 shares of the semiconductor company’s stock worth $696,000 after purchasing an additional 486 shares during the last quarter. Sequoia Financial Advisors LLC purchased a new position in Cirrus Logic in the second quarter worth $270,000. Meritage Portfolio Management lifted its stake in shares of Cirrus Logic by 4.1% during the second quarter. Meritage Portfolio Management now owns 3,980 shares of the semiconductor company’s stock worth $415,000 after buying an additional 157 shares during the period. Finally, Vanguard Personalized Indexing Management LLC lifted its stake in shares of Cirrus Logic by 17.4% during the second quarter. Vanguard Personalized Indexing Management LLC now owns 9,448 shares of the semiconductor company’s stock worth $985,000 after buying an additional 1,399 shares during the period. 87.96% of the stock is owned by hedge funds and other institutional investors.

Cirrus Logic Price Performance

Shares of Cirrus Logic stock opened at $131.22 on Tuesday. The firm has a fifty day moving average price of $119.30 and a 200 day moving average price of $106.68. Cirrus Logic, Inc. has a 1 year low of $75.83 and a 1 year high of $131.87. The stock has a market cap of $6.74 billion, a PE ratio of 20.54 and a beta of 1.09.

Cirrus Logic (NASDAQ:CRUS) last issued its earnings results on Tuesday, August 5th. The semiconductor company reported $1.51 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.07 by $0.44. Cirrus Logic had a net margin of 18.15% and a return on equity of 18.38%. The firm had revenue of $407.27 million during the quarter, compared to analysts’ expectations of $361.97 million. During the same quarter last year, the company posted $1.12 earnings per share. The firm’s revenue was up 8.9% compared to the same quarter last year. Cirrus Logic has set its Q2 2026 guidance at EPS. As a group, equities analysts expect that Cirrus Logic, Inc. will post 5.63 EPS for the current year.

Insider Buying and Selling

In related news, EVP Jeffrey W. Baumgartner sold 10,000 shares of the firm’s stock in a transaction on Tuesday, September 2nd. The shares were sold at an average price of $111.78, for a total transaction of $1,117,800.00. Following the completion of the transaction, the executive vice president owned 14,001 shares of the company’s stock, valued at $1,565,031.78. This trade represents a 41.66% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, EVP Denise Grode sold 2,202 shares of the firm’s stock in a transaction on Monday, September 15th. The stock was sold at an average price of $116.87, for a total transaction of $257,347.74. Following the transaction, the executive vice president directly owned 5,698 shares of the company’s stock, 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 sold a total of 32,453 shares of company stock valued at $3,821,790 over the last 90 days. Insiders own 1.16% of the company’s stock.

Analyst Ratings Changes

Several equities research analysts have recently commented on CRUS shares. Stifel Nicolaus lifted their price objective on shares of Cirrus Logic from $130.00 to $140.00 and gave the stock a “buy” rating in a research note on Friday. Weiss Ratings reiterated a “hold (c)” rating on shares of Cirrus Logic in a research note on Wednesday, October 8th. Finally, Wall Street Zen upgraded shares of Cirrus Logic from a “buy” rating to a “strong-buy” rating in a research note on Saturday. Four equities research analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the company’s stock. According to MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus target price of $125.00.

Cirrus Logic Company Profile

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.