Savant Capital LLC Sells 7,693 Shares of Cirrus Logic, Inc. $CRUS

Savant Capital LLC lowered its stake in shares of Cirrus Logic, Inc. (NASDAQ:CRUS) by 59.4% during the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 5,263 shares of the semiconductor company’s stock after selling 7,693 shares during the quarter. Savant Capital LLC’s holdings in Cirrus Logic were worth $549,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in the stock. Vanguard Group Inc. grew its holdings in shares of Cirrus Logic by 0.4% during the 1st quarter. Vanguard Group Inc. now owns 6,420,646 shares of the semiconductor company’s stock worth $639,849,000 after purchasing an additional 24,614 shares in the last quarter. LSV Asset Management lifted its position in Cirrus Logic by 6.4% during the first quarter. LSV Asset Management now owns 2,402,284 shares of the semiconductor company’s stock worth $239,400,000 after purchasing an additional 145,524 shares during the period. Fuller & Thaler Asset Management Inc. grew its stake in Cirrus Logic by 0.3% during the first quarter. Fuller & Thaler Asset Management Inc. now owns 1,590,744 shares of the semiconductor company’s stock worth $158,518,000 after buying an additional 4,403 shares in the last quarter. Ameriprise Financial Inc. increased its holdings in Cirrus Logic by 98.0% in the 1st quarter. Ameriprise Financial Inc. now owns 1,117,526 shares of the semiconductor company’s stock valued at $111,380,000 after buying an additional 553,169 shares during the period. Finally, AQR Capital Management LLC increased its holdings in Cirrus Logic by 131.5% in the 1st quarter. AQR Capital Management LLC now owns 1,063,813 shares of the semiconductor company’s stock valued at $103,456,000 after buying an additional 604,337 shares during the period. 87.96% of the stock is owned by institutional investors and hedge funds.

Cirrus Logic Price Performance

CRUS opened at $119.31 on Friday. Cirrus Logic, Inc. has a fifty-two week low of $75.83 and a fifty-two week high of $136.92. The company’s 50 day moving average price is $124.09 and its two-hundred day moving average price is $111.91. The firm has a market capitalization of $6.09 billion, a price-to-earnings ratio of 18.67 and a beta of 1.11.

Cirrus Logic (NASDAQ:CRUS) last issued its quarterly earnings results on Tuesday, November 4th. The semiconductor company reported $2.83 EPS for the quarter, topping analysts’ consensus estimates of $2.32 by $0.51. Cirrus Logic had a net margin of 18.15% and a return on equity of 18.38%. The company had revenue of $560.96 million for the quarter, compared to analyst estimates of $540.45 million. During the same quarter in the previous year, the business earned $2.25 earnings per share. Cirrus Logic’s revenue was up 3.5% compared to the same quarter last year. Cirrus Logic has set its Q3 2026 guidance at EPS. As a group, equities research analysts predict that Cirrus Logic, Inc. will post 5.63 EPS for the current year.

Insider Buying and Selling at Cirrus Logic

In related news, EVP Scott Thomas sold 734 shares of the company’s stock in a transaction that occurred on Monday, October 20th. The stock was sold at an average price of $131.25, for a total value of $96,337.50. Following the sale, the executive vice president directly owned 26,307 shares in the company, valued at $3,452,793.75. This represents a 2.71% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, EVP Denise Grode sold 2,202 shares of the 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 directly owned 5,698 shares of the company’s stock, valued at $665,925.26. This represents a 27.87% decrease in their position. The SEC filing for this sale provides additional information. In the last quarter, insiders have sold 33,187 shares of company stock worth $3,918,128. Insiders own 1.16% of the company’s stock.

Wall Street Analysts Forecast Growth

Several analysts recently issued reports on CRUS shares. Weiss Ratings reiterated a “hold (c+)” rating on shares of Cirrus Logic in a research report on Thursday. Zacks Research upgraded Cirrus Logic from a “hold” rating to a “strong-buy” rating in a research note on Monday, October 27th. Susquehanna lifted their price target on Cirrus Logic from $140.00 to $155.00 and gave the company a “positive” rating in a research note on Wednesday, October 22nd. Benchmark raised their price objective on Cirrus Logic from $125.00 to $150.00 and gave the company a “buy” rating in a research note on Wednesday, November 5th. Finally, Williams Trading set a $150.00 target price on Cirrus Logic in a research report on Wednesday, November 5th. One research analyst has rated the stock with a Strong Buy rating, four have issued a Buy rating and two have given a Hold rating to the company. According to data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average target price of $141.67.

Cirrus Logic 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.