TD Private Client Wealth LLC Cuts Holdings in Cirrus Logic, Inc. $CRUS

TD Private Client Wealth LLC lessened its holdings in shares of Cirrus Logic, Inc. (NASDAQ:CRUS) by 12.0% in the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 2,410 shares of the semiconductor company’s stock after selling 329 shares during the period. TD Private Client Wealth LLC’s holdings in Cirrus Logic were worth $251,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also made changes to their positions in the company. Integrated Wealth Concepts LLC acquired a new stake in shares of Cirrus Logic during the first quarter worth $629,000. Strs Ohio purchased a new stake in Cirrus Logic during the 1st quarter valued at about $1,434,000. Millennium Management LLC grew its stake in Cirrus Logic by 34.2% during the 1st quarter. Millennium Management LLC now owns 374,368 shares of the semiconductor company’s stock valued at $37,308,000 after acquiring an additional 95,452 shares in the last quarter. United Services Automobile Association purchased a new stake in shares of Cirrus Logic in the 1st quarter valued at approximately $358,000. Finally, Bayforest Capital Ltd grew its stake in shares of Cirrus Logic by 923.2% in the 1st quarter. Bayforest Capital Ltd now owns 6,743 shares of the semiconductor company’s stock valued at $672,000 after buying an additional 6,084 shares during the period. 87.96% of the stock is currently owned by institutional investors and hedge funds.

Insider Activity

In related news, EVP Denise Grode sold 2,202 shares of Cirrus Logic stock in a transaction 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 in the company, valued at $665,925.26. This trade represents a 27.87% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, 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 sale, the executive vice president owned 26,307 shares in the company, valued at $3,196,037.43. This represents a 29.65% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last three months, insiders have sold 32,453 shares of company stock worth $3,821,790. 1.16% of the stock is currently owned by corporate insiders.

Cirrus Logic Stock Up 0.4%

Cirrus Logic stock 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 company’s 50 day moving average is $112.37 and its two-hundred day moving average is $103.81. The firm 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 announced its quarterly earnings data on Tuesday, August 5th. The semiconductor company reported $1.51 earnings per share for the quarter, beating analysts’ consensus estimates of $1.07 by $0.44. Cirrus Logic had a net margin of 18.15% and a return on equity of 18.38%. The business had revenue of $407.27 million for the quarter, compared to analyst estimates of $361.97 million. During the same period last year, the business earned $1.12 EPS. The company’s revenue was up 8.9% on a year-over-year basis. Cirrus Logic has set its Q2 2026 guidance at EPS. On average, equities research analysts anticipate that Cirrus Logic, Inc. will post 5.63 earnings per share for the current fiscal year.

Analyst Ratings Changes

Several research firms have recently weighed in 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 increased 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 research analysts have rated the stock with a Buy rating and one has issued a Hold rating to the company. According to data from MarketBeat.com, Cirrus Logic has a consensus rating of “Moderate Buy” and an average target price of $123.00.

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.