Signaturefd LLC Increases Stake in Cirrus Logic, Inc. $CRUS

Signaturefd LLC increased its position in Cirrus Logic, Inc. (NASDAQ:CRUS) by 21.2% in the 2nd quarter, according to the company in its most recent filing with the SEC. The fund owned 1,321 shares of the semiconductor company’s stock after acquiring an additional 231 shares during the quarter. Signaturefd LLC’s holdings in Cirrus Logic were worth $138,000 as of its most recent SEC filing.

Several other large investors also recently added to or reduced their stakes in the company. Banque Cantonale Vaudoise purchased a new position in Cirrus Logic during the 1st quarter valued at about $30,000. Geneos Wealth Management Inc. grew its holdings in Cirrus Logic by 95.1% during the 1st quarter. Geneos Wealth Management Inc. now owns 476 shares of the semiconductor company’s stock valued at $47,000 after buying an additional 232 shares in the last quarter. N.E.W. Advisory Services LLC purchased a new position in Cirrus Logic during the 1st quarter valued at about $50,000. UMB Bank n.a. grew its holdings in Cirrus Logic by 124.5% during the 1st quarter. UMB Bank n.a. now owns 523 shares of the semiconductor company’s stock valued at $52,000 after buying an additional 290 shares in the last quarter. Finally, Reyes Financial Architecture Inc. purchased a new position in Cirrus Logic during the 2nd quarter valued at about $93,000. Hedge funds and other institutional investors own 87.96% of the company’s stock.

Insider Transactions at Cirrus Logic

In other news, EVP Scott Thomas sold 11,089 shares of the stock in a transaction on Thursday, September 18th. The stock was sold at an average price of $121.49, for a total value of $1,347,202.61. Following the sale, the executive vice president directly owned 26,307 shares of the company’s stock, valued at approximately $3,196,037.43. This represents a 29.65% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, EVP Denise Grode sold 2,202 shares of the stock in a transaction on Monday, September 15th. The stock was sold at an average price of $116.87, for a total value of $257,347.74. Following the completion of the sale, the executive vice president directly 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 valued at $3,821,790. Insiders own 1.16% of the company’s stock.

Analyst Upgrades and Downgrades

A number of research firms have weighed in on CRUS. Stifel Nicolaus lifted 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. Wall Street Zen downgraded Cirrus Logic from a “strong-buy” rating to a “buy” rating in a research report on Monday, August 11th. Finally, Weiss Ratings restated a “hold (c)” rating on shares of Cirrus Logic in a research report on Saturday, September 27th. Four analysts have rated the stock with a Buy rating and two have issued a Hold rating to the stock. According to data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $123.00.

Cirrus Logic Stock Up 0.4%

Shares of CRUS stock opened at $127.16 on Friday. The stock has a market cap of $6.53 billion, a price-to-earnings ratio of 19.90 and a beta of 1.09. The business’s fifty day moving average is $114.68 and its 200 day moving average is $104.64. Cirrus Logic, Inc. has a twelve month low of $75.83 and a twelve month high of $129.07.

Cirrus Logic (NASDAQ:CRUS) last issued its quarterly earnings results on Tuesday, August 5th. The semiconductor company reported $1.51 earnings per share 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 company had revenue of $407.27 million for the quarter, compared to analysts’ expectations of $361.97 million. During the same period in the prior year, the firm earned $1.12 earnings per share. The firm’s revenue for the quarter was up 8.9% on a year-over-year basis. Cirrus Logic has set its Q2 2026 guidance at EPS. Equities research analysts expect that Cirrus Logic, Inc. will post 5.63 earnings per share 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.