Wealth Enhancement Advisory Services LLC Sells 6,071 Shares of Cirrus Logic, Inc. $CRUS

Wealth Enhancement Advisory Services LLC lowered its stake in shares of Cirrus Logic, Inc. (NASDAQ:CRUS) by 38.8% during the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 9,593 shares of the semiconductor company’s stock after selling 6,071 shares during the period. Wealth Enhancement Advisory Services LLC’s holdings in Cirrus Logic were worth $1,058,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other institutional investors and hedge funds have also recently modified their holdings of the business. Somerset Trust Co grew its holdings in shares of Cirrus Logic by 3.5% in the second quarter. Somerset Trust Co now owns 3,292 shares of the semiconductor company’s stock valued at $343,000 after purchasing an additional 110 shares in the last quarter. May Hill Capital LLC grew its holdings in shares of Cirrus Logic by 5.4% in the first quarter. May Hill Capital LLC now owns 2,220 shares of the semiconductor company’s stock valued at $221,000 after purchasing an additional 113 shares in the last quarter. Beverly Hills Private Wealth LLC grew its holdings in shares of Cirrus Logic by 3.7% in the first quarter. Beverly Hills Private Wealth LLC now owns 3,440 shares of the semiconductor company’s stock valued at $343,000 after purchasing an additional 124 shares in the last quarter. Kovitz Investment Group Partners LLC grew its holdings in shares of Cirrus Logic by 4.2% in the first quarter. Kovitz Investment Group Partners LLC now owns 3,769 shares of the semiconductor company’s stock valued at $376,000 after purchasing an additional 151 shares in the last quarter. Finally, Allworth Financial LP grew its holdings in shares of Cirrus Logic by 2.5% in the first quarter. Allworth Financial LP now owns 6,246 shares of the semiconductor company’s stock valued at $577,000 after purchasing an additional 154 shares in the last quarter. 87.96% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

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

Cirrus Logic Price Performance

CRUS stock opened at $125.71 on Thursday. The business has a 50-day moving average price of $113.63 and a 200 day moving average price of $104.28. The company has a market capitalization of $6.45 billion, a P/E ratio of 19.67 and a beta of 1.09. Cirrus Logic, Inc. has a 1-year low of $75.83 and a 1-year high of $129.07.

Cirrus Logic (NASDAQ:CRUS) last released its quarterly earnings data on Tuesday, August 5th. The semiconductor company reported $1.51 earnings per share for the quarter, beating the consensus estimate of $1.07 by $0.44. The firm had revenue of $407.27 million during the quarter, compared to the consensus estimate of $361.97 million. Cirrus Logic had a return on equity of 18.38% and a net margin of 18.15%.The firm’s quarterly revenue was up 8.9% on a year-over-year basis. During the same period in the previous year, the company posted $1.12 earnings per share. Cirrus Logic has set its Q2 2026 guidance at EPS. On average, analysts anticipate that Cirrus Logic, Inc. will post 5.63 earnings per share for the current fiscal year.

Insider Activity at Cirrus Logic

In other Cirrus Logic news, EVP Jeffrey W. Baumgartner sold 9,162 shares of the business’s stock in a transaction dated Wednesday, September 17th. The shares were 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 directly owned 14,001 shares in the company, valued at approximately $1,680,120. The trade was a 39.55% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, EVP Denise Grode sold 2,202 shares of the business’s stock in a transaction dated Monday, September 15th. The stock was sold at an average price of $116.87, for a total transaction of $257,347.74. Following the completion of the transaction, the executive vice president owned 5,698 shares of the company’s stock, valued at $665,925.26. This represents a 27.87% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 32,453 shares of company stock worth $3,821,790 over the last three months. 1.16% of the stock is owned by corporate insiders.

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.