Assenagon Asset Management S.A. Acquires 2,026 Shares of Cirrus Logic, Inc. $CRUS

Assenagon Asset Management S.A. lifted its stake in Cirrus Logic, Inc. (NASDAQ:CRUS) by 6.3% in the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 34,439 shares of the semiconductor company’s stock after buying an additional 2,026 shares during the period. Assenagon Asset Management S.A. owned approximately 0.07% of Cirrus Logic worth $3,590,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other large investors have also added to or reduced their stakes in the stock. Banque Cantonale Vaudoise bought a new stake in shares of Cirrus Logic during the 1st quarter valued at $30,000. Geneos Wealth Management Inc. raised its stake in Cirrus Logic by 95.1% in the first quarter. Geneos Wealth Management Inc. now owns 476 shares of the semiconductor company’s stock valued at $47,000 after purchasing an additional 232 shares in the last quarter. N.E.W. Advisory Services LLC bought a new stake in Cirrus Logic during the first quarter worth about $50,000. UMB Bank n.a. grew its stake in Cirrus Logic by 124.5% during the first quarter. UMB Bank n.a. now owns 523 shares of the semiconductor company’s stock worth $52,000 after buying an additional 290 shares in the last quarter. Finally, Menard Financial Group LLC bought a new position in Cirrus Logic in the 4th quarter valued at about $67,000. Institutional investors and hedge funds own 87.96% of the company’s stock.

Analyst Ratings Changes

A number of analysts have recently weighed in on the stock. Wall Street Zen downgraded shares of Cirrus Logic from a “strong-buy” rating to a “buy” rating in a report on Monday, August 11th. Stifel Nicolaus raised their target price on Cirrus Logic from $120.00 to $130.00 and gave the company a “buy” rating in a report on Friday, September 12th. Four analysts have rated the stock with a Buy rating and one has given a Hold rating to the stock. According to MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average price target of $123.00.

Insider Transactions at Cirrus Logic

In other news, EVP Jeffrey W. Baumgartner sold 9,162 shares of the company’s stock in a transaction that occurred on Wednesday, September 17th. The stock was sold at an average price of $120.00, for a total value of $1,099,440.00. Following the completion of the transaction, the executive vice president owned 14,001 shares of the company’s stock, valued at $1,680,120. This represents a 39.55% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through this hyperlink. Also, EVP Denise Grode sold 2,202 shares of Cirrus Logic stock in a transaction that occurred 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 sale, the executive vice president owned 5,698 shares in the company, valued at approximately $665,925.26. This represents a 27.87% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last three months, insiders have sold 32,453 shares of company stock worth $3,821,790. Insiders own 1.16% of the company’s stock.

Cirrus Logic Stock Performance

NASDAQ CRUS opened at $126.37 on Thursday. The firm’s fifty day moving average price is $111.47 and its two-hundred day moving average price is $103.42. The stock has a market cap of $6.49 billion, a PE ratio of 19.78 and a beta of 1.02. Cirrus Logic, Inc. has a fifty-two week low of $75.83 and a fifty-two week high of $129.07.

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

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.