Ameritas Advisory Services LLC Purchases Shares of 300 Cirrus Logic, Inc. $CRUS

Ameritas Advisory Services LLC purchased a new stake in shares of Cirrus Logic, Inc. (NASDAQ:CRUS) during the second quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor purchased 300 shares of the semiconductor company’s stock, valued at approximately $31,000.

A number of other institutional investors have also bought and sold shares of CRUS. Banque Cantonale Vaudoise bought a new stake in Cirrus Logic during the first quarter valued at $30,000. Geneos Wealth Management Inc. boosted its position in Cirrus Logic by 95.1% during the first quarter. Geneos Wealth Management Inc. now owns 476 shares of the semiconductor company’s stock valued at $47,000 after acquiring an additional 232 shares during the last quarter. N.E.W. Advisory Services LLC acquired a new position in shares of Cirrus Logic during the first quarter valued at about $50,000. Reyes Financial Architecture Inc. acquired a new position in shares of Cirrus Logic during the second quarter valued at about $93,000. Finally, Plato Investment Management Ltd acquired a new position in shares of Cirrus Logic during the first quarter valued at about $98,000. Institutional investors own 87.96% of the company’s stock.

Analyst Ratings Changes

Several equities analysts have recently weighed in on CRUS shares. Weiss Ratings reiterated a “hold (c)” rating on shares of Cirrus Logic in a report on Wednesday, October 8th. Wall Street Zen lowered shares of Cirrus Logic from a “strong-buy” rating to a “buy” rating in a report on Monday, August 11th. Finally, Stifel Nicolaus upped their price objective 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. Four investment analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the company. Based on data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average price target of $123.00.

Insider Activity

In other news, EVP Denise Grode sold 2,202 shares of the stock in a transaction that occurred 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 completion of the transaction, the executive vice president directly owned 5,698 shares of the company’s stock, valued at $665,925.26. This represents a 27.87% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, EVP Scott Thomas sold 11,089 shares of the stock in a transaction that occurred on Thursday, September 18th. The shares were sold at an average price of $121.49, for a total transaction of $1,347,202.61. Following the transaction, the executive vice president directly owned 26,307 shares of the company’s stock, 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. Insiders sold 32,453 shares of company stock valued at $3,821,790 in the last three months. Company insiders own 1.16% of the company’s stock.

Cirrus Logic Stock Up 0.3%

Cirrus Logic stock opened at $120.98 on Wednesday. Cirrus Logic, Inc. has a twelve month low of $75.83 and a twelve month high of $129.56. The firm has a 50 day moving average price of $117.36 and a 200-day moving average price of $105.71. The company has a market capitalization of $6.21 billion, a P/E ratio of 18.93 and a beta of 1.09.

Cirrus Logic (NASDAQ:CRUS) last released its earnings results 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 firm had revenue of $407.27 million during the quarter, compared to the consensus estimate of $361.97 million. During the same period in the prior year, the firm earned $1.12 EPS. The company’s revenue was up 8.9% compared to the same quarter last year. Cirrus Logic has set its Q2 2026 guidance at EPS. Equities analysts expect that Cirrus Logic, Inc. will post 5.63 EPS 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.