Cirrus Logic, Inc. $CRUS Stock Position Reduced by EMC Capital Management

EMC Capital Management lessened its stake in Cirrus Logic, Inc. (NASDAQ:CRUS) by 17.0% during the 2nd quarter, Holdings Channel reports. The institutional investor owned 3,061 shares of the semiconductor company’s stock after selling 627 shares during the quarter. EMC Capital Management’s holdings in Cirrus Logic were worth $319,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in CRUS. AQR Capital Management LLC increased its stake in shares of Cirrus Logic by 131.5% in the first quarter. AQR Capital Management LLC now owns 1,063,813 shares of the semiconductor company’s stock worth $103,456,000 after acquiring an additional 604,337 shares during the last quarter. Ameriprise Financial Inc. grew its stake in Cirrus Logic by 98.0% in the first quarter. Ameriprise Financial Inc. now owns 1,117,526 shares of the semiconductor company’s stock valued at $111,380,000 after purchasing an additional 553,169 shares in the last quarter. Nuveen LLC purchased a new position in Cirrus Logic in the first quarter valued at about $49,364,000. Acadian Asset Management LLC increased its position in Cirrus Logic by 390.6% in the 2nd quarter. Acadian Asset Management LLC now owns 308,448 shares of the semiconductor company’s stock worth $32,144,000 after purchasing an additional 245,578 shares during the last quarter. Finally, Boston Partners purchased a new stake in shares of Cirrus Logic during the 2nd quarter worth about $24,910,000. Hedge funds and other institutional investors own 87.96% of the company’s stock.

Analyst Ratings Changes

CRUS has been the subject of several recent research reports. Wall Street Zen cut Cirrus Logic from a “strong-buy” rating to a “buy” rating in a research note on Saturday, November 8th. Barclays increased their price target on shares of Cirrus Logic from $90.00 to $95.00 and gave the stock an “equal weight” rating in a research note on Wednesday, November 5th. KeyCorp lifted their price objective on shares of Cirrus Logic from $135.00 to $150.00 and gave the company an “overweight” rating in a research note on Wednesday, November 5th. Weiss Ratings reiterated a “hold (c+)” rating on shares of Cirrus Logic in a report on Thursday, November 13th. Finally, Stifel Nicolaus raised their target price on Cirrus Logic from $140.00 to $150.00 and gave the company a “buy” rating in a report on Wednesday, November 5th. One investment analyst has rated the stock with a Strong Buy rating, four have given a Buy rating and two have given a Hold rating to the company. According to data from MarketBeat, Cirrus Logic presently has an average rating of “Moderate Buy” and a consensus target price of $141.67.

Insiders Place Their Bets

In other news, EVP Jeffrey W. Baumgartner sold 10,000 shares of the company’s stock in a transaction that occurred on Tuesday, September 2nd. The stock was 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 directly owned 14,001 shares in the company, valued at $1,565,031.78. The trade was a 41.66% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, EVP Scott Thomas sold 11,089 shares of the stock in a transaction that occurred 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 completion of the sale, the executive vice president directly owned 26,307 shares of the company’s stock, valued at $3,196,037.43. This represents a 29.65% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Insiders sold a total of 42,100 shares of company stock worth $4,979,310 over the last quarter. 1.16% of the stock is currently owned by company insiders.

Cirrus Logic Trading Up 0.1%

NASDAQ CRUS opened at $115.51 on Wednesday. Cirrus Logic, Inc. has a 1 year low of $75.83 and a 1 year high of $136.92. The company has a fifty day simple moving average of $124.03 and a 200 day simple moving average of $112.28. The company has a market cap of $5.89 billion, a P/E ratio of 18.08 and a beta of 1.11.

Cirrus Logic (NASDAQ:CRUS) last announced its earnings results on Tuesday, November 4th. The semiconductor company reported $2.83 EPS for the quarter, topping the consensus estimate of $2.32 by $0.51. Cirrus Logic had a net margin of 18.15% and a return on equity of 18.38%. The firm had revenue of $560.96 million for the quarter, compared to the consensus estimate of $540.45 million. During the same quarter last year, the firm posted $2.25 EPS. The business’s quarterly revenue was up 3.5% on a year-over-year basis. Cirrus Logic has set its Q3 2026 guidance at EPS. Equities research analysts forecast that Cirrus Logic, Inc. will post 5.63 EPS for the current fiscal 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.