Denali Advisors LLC Acquires 400 Shares of Cirrus Logic, Inc. $CRUS

Denali Advisors LLC grew its stake in Cirrus Logic, Inc. (NASDAQ:CRUS) by 16.6% in the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 2,807 shares of the semiconductor company’s stock after buying an additional 400 shares during the period. Denali Advisors LLC’s holdings in Cirrus Logic were worth $293,000 at the end of the most recent quarter.

Several other institutional investors have also recently made changes to their positions in the business. Louisiana State Employees Retirement System grew its position in Cirrus Logic by 0.7% during the second quarter. Louisiana State Employees Retirement System now owns 15,000 shares of the semiconductor company’s stock valued at $1,564,000 after buying an additional 100 shares during the period. Somerset Trust Co grew its position in shares of Cirrus Logic by 3.5% in the second quarter. Somerset Trust Co now owns 3,292 shares of the semiconductor company’s stock valued at $343,000 after purchasing an additional 110 shares during the period. May Hill Capital LLC grew its position 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 purchasing an additional 113 shares during the period. Farther Finance Advisors LLC grew its position 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 purchasing an additional 116 shares during the period. Finally, Public Employees Retirement System of Ohio grew its position 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 purchasing an additional 122 shares during the period. Hedge funds and other institutional investors own 87.96% of the company’s stock.

Wall Street Analyst Weigh In

CRUS has been the topic of several research reports. Weiss Ratings reissued a “hold (c)” rating on shares of Cirrus Logic in a research note on Wednesday, October 8th. Wall Street Zen raised shares of Cirrus Logic from a “buy” rating to a “strong-buy” rating in a research note on Saturday, October 18th. Stifel Nicolaus lifted their price objective on shares of Cirrus Logic from $130.00 to $140.00 and gave the company a “buy” rating in a report on Friday, October 17th. Finally, Susquehanna boosted their price target on shares of Cirrus Logic from $140.00 to $155.00 and gave the stock a “positive” rating in a report on Wednesday. Four research analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the company’s stock. According to data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $128.00.

Insider Activity

In other news, EVP Scott Thomas sold 734 shares of Cirrus Logic stock in a transaction that occurred on Monday, October 20th. The shares were sold at an average price of $131.25, for a total transaction of $96,337.50. Following the sale, the executive vice president owned 26,307 shares in the company, valued at $3,452,793.75. This trade represents a 2.71% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, EVP Denise Grode sold 2,202 shares of Cirrus Logic stock in a transaction that occurred 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 sale, the executive vice president owned 5,698 shares in the company, valued at $665,925.26. This represents a 27.87% decrease in their position. The disclosure for this sale can be found here. Insiders have sold 33,187 shares of company stock worth $3,918,128 over the last 90 days. Company insiders own 1.16% of the company’s stock.

Cirrus Logic Trading Up 2.0%

Shares of NASDAQ CRUS opened at $131.47 on Friday. The stock has a market cap of $6.75 billion, a price-to-earnings ratio of 20.57 and a beta of 1.09. Cirrus Logic, Inc. has a 52 week low of $75.83 and a 52 week high of $131.87. The company’s 50-day moving average price is $120.49 and its 200 day moving average price is $107.33.

Cirrus Logic (NASDAQ:CRUS) last released its quarterly 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 company had revenue of $407.27 million for the quarter, compared to analysts’ expectations of $361.97 million. During the same period last year, the company earned $1.12 EPS. The firm’s revenue for the quarter was up 8.9% compared to the same quarter last year. Cirrus Logic has set its Q2 2026 guidance at EPS. As a group, research analysts expect that Cirrus Logic, Inc. will post 5.63 earnings per share for the current year.

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.