Cirrus Logic, Inc. $CRUS Shares Acquired by GAMMA Investing LLC

GAMMA Investing LLC lifted its position in shares of Cirrus Logic, Inc. (NASDAQ:CRUS) by 6.6% during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 2,015 shares of the semiconductor company’s stock after purchasing an additional 125 shares during the quarter. GAMMA Investing LLC’s holdings in Cirrus Logic were worth $210,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also made changes to their positions in the company. Farther Finance Advisors LLC grew its stake in shares of Cirrus Logic by 4.3% during the 2nd quarter. Farther Finance Advisors LLC now owns 2,806 shares of the semiconductor company’s stock worth $293,000 after purchasing an additional 116 shares during the period. Assenagon Asset Management S.A. grew its stake in Cirrus Logic by 6.3% in the 2nd quarter. Assenagon Asset Management S.A. now owns 34,439 shares of the semiconductor company’s stock valued at $3,590,000 after acquiring an additional 2,026 shares during the period. Reyes Financial Architecture Inc. acquired a new stake in Cirrus Logic in the 2nd quarter valued at $93,000. Somerset Trust Co grew its stake in Cirrus Logic by 3.5% in the 2nd quarter. Somerset Trust Co now owns 3,292 shares of the semiconductor company’s stock valued at $343,000 after acquiring an additional 110 shares during the period. Finally, Kera Capital Partners Inc. grew its stake in Cirrus Logic by 13.9% in the 2nd quarter. Kera Capital Partners Inc. now owns 3,583 shares of the semiconductor company’s stock valued at $374,000 after acquiring an additional 436 shares during the period. Institutional investors and hedge funds own 87.96% of the company’s stock.

Analysts Set New Price Targets

A number of research firms recently issued reports on CRUS. Wall Street Zen cut shares of Cirrus Logic from a “strong-buy” rating to a “buy” rating in a research note on Monday, August 11th. Stifel Nicolaus lifted their price target on shares of Cirrus Logic from $120.00 to $130.00 and gave the company a “buy” rating in a research note on Friday, September 12th. Four equities research analysts have rated the stock with a Buy rating and one has given a Hold rating to the company. Based on data from MarketBeat.com, Cirrus Logic currently has an average rating of “Moderate Buy” and a consensus target price of $123.00.

Insider Transactions at Cirrus Logic

In other news, EVP Scott Thomas sold 11,089 shares of Cirrus Logic stock in a transaction on Thursday, September 18th. The stock was sold at an average price of $121.49, for a total transaction of $1,347,202.61. Following the transaction, the executive vice president owned 26,307 shares in the company, valued at $3,196,037.43. The trade was a 29.65% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, EVP Jeffrey W. Baumgartner sold 10,000 shares of Cirrus Logic stock in a transaction on Tuesday, September 2nd. The stock was sold at an average price of $111.78, for a total value of $1,117,800.00. Following the transaction, the executive vice president owned 14,001 shares in the company, valued at approximately $1,565,031.78. This represents a 41.66% decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 32,453 shares of company stock worth $3,821,790 in the last quarter. Company insiders own 1.16% of the company’s stock.

Cirrus Logic Stock Up 0.4%

Shares of CRUS opened at $126.14 on Monday. Cirrus Logic, Inc. has a 52-week low of $75.83 and a 52-week high of $129.07. The firm’s fifty day moving average is $112.37 and its two-hundred day moving average is $103.81. The stock has a market cap of $6.47 billion, a PE ratio of 19.74 and a beta of 1.02.

Cirrus Logic (NASDAQ:CRUS) last posted its quarterly earnings results on Tuesday, August 5th. The semiconductor company reported $1.51 EPS for the quarter, topping the consensus estimate of $1.07 by $0.44. Cirrus Logic had a return on equity of 18.38% and a net margin of 18.15%.The business had revenue of $407.27 million for the quarter, compared to analyst estimates of $361.97 million. During the same quarter in the previous year, the firm earned $1.12 EPS. The company’s quarterly 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, research analysts anticipate 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.