Bailard Inc. Purchases Shares of 5,200 Cirrus Logic, Inc. $CRUS

Bailard Inc. purchased a new position in shares of Cirrus Logic, Inc. (NASDAQ:CRUS) during the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund purchased 5,200 shares of the semiconductor company’s stock, valued at approximately $542,000.

Several other institutional investors also recently modified their holdings of CRUS. AQR Capital Management LLC raised its position in Cirrus Logic by 131.5% during the 1st quarter. AQR Capital Management LLC now owns 1,063,813 shares of the semiconductor company’s stock worth $103,456,000 after purchasing an additional 604,337 shares during the last quarter. Ameriprise Financial Inc. raised its position in shares of Cirrus Logic by 98.0% during the first quarter. Ameriprise Financial Inc. now owns 1,117,526 shares of the semiconductor company’s stock worth $111,380,000 after acquiring an additional 553,169 shares during the last quarter. Nuveen LLC bought a new position in shares of Cirrus Logic during the first quarter worth about $49,364,000. Acadian Asset Management LLC lifted its stake in shares of Cirrus Logic by 390.6% in the second quarter. Acadian Asset Management LLC now owns 308,448 shares of the semiconductor company’s stock worth $32,144,000 after acquiring an additional 245,578 shares during the period. Finally, Boston Partners bought a new stake in Cirrus Logic in the second quarter valued at approximately $24,910,000. Institutional investors own 87.96% of the company’s stock.

Wall Street Analysts Forecast Growth

CRUS has been the subject of several analyst reports. Barclays raised their price target on shares of Cirrus Logic from $90.00 to $95.00 and gave the stock an “equal weight” rating in a report on Wednesday, November 5th. Weiss Ratings reissued a “hold (c+)” rating on shares of Cirrus Logic in a research note on Thursday. Susquehanna upped their price target on shares of Cirrus Logic from $140.00 to $155.00 and gave the company a “positive” rating in a research report on Wednesday, October 22nd. KeyCorp increased their price target on Cirrus Logic from $135.00 to $150.00 and gave the stock an “overweight” rating in a report on Wednesday, November 5th. Finally, Stifel Nicolaus boosted their price objective on Cirrus Logic from $140.00 to $150.00 and gave the company a “buy” rating in a research note on Wednesday, November 5th. One analyst has rated the stock with a Strong Buy rating, four have issued a Buy rating and two have given a Hold rating to the company’s stock. Based on data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $141.67.

Insider Buying and Selling at Cirrus Logic

In other news, EVP Jeffrey W. Baumgartner sold 9,162 shares of the business’s stock in a transaction that occurred on Wednesday, September 17th. The stock was sold at an average price of $120.00, for a total transaction of $1,099,440.00. Following the completion of the sale, the executive vice president owned 14,001 shares in the company, valued at $1,680,120. The trade was a 39.55% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, EVP Scott Thomas sold 734 shares of the stock in a transaction on Monday, October 20th. The stock was sold at an average price of $131.25, for a total value of $96,337.50. Following the completion of the transaction, the executive vice president owned 26,307 shares in the company, valued at approximately $3,452,793.75. This represents a 2.71% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Over the last quarter, insiders sold 33,187 shares of company stock valued at $3,918,128. Company insiders own 1.16% of the company’s stock.

Cirrus Logic Trading Down 0.2%

NASDAQ:CRUS opened at $119.31 on Friday. Cirrus Logic, Inc. has a 12 month low of $75.83 and a 12 month high of $136.92. The stock has a market capitalization of $6.09 billion, a price-to-earnings ratio of 18.67 and a beta of 1.11. The firm has a fifty day simple moving average of $124.09 and a two-hundred day simple moving average of $111.78.

Cirrus Logic (NASDAQ:CRUS) last released its quarterly earnings data on Tuesday, November 4th. The semiconductor company reported $2.83 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $2.32 by $0.51. Cirrus Logic had a net margin of 18.15% and a return on equity of 18.38%. The company had revenue of $560.96 million for the quarter, compared to analysts’ expectations of $540.45 million. During the same quarter in the prior year, the firm earned $2.25 EPS. The business’s revenue was up 3.5% on a year-over-year basis. Cirrus Logic has set its Q3 2026 guidance at EPS. Equities analysts predict 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.