Bank of Montreal Can Decreases Stock Holdings in Cirrus Logic, Inc. $CRUS

Bank of Montreal Can lowered its holdings in Cirrus Logic, Inc. (NASDAQ:CRUS) by 11.5% during the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 5,470 shares of the semiconductor company’s stock after selling 714 shares during the period. Bank of Montreal Can’s holdings in Cirrus Logic were worth $570,000 as of its most recent SEC filing.

A number of other institutional investors have also recently bought and sold shares of CRUS. Burney Co. boosted its holdings in shares of Cirrus Logic by 733.6% in the 2nd quarter. Burney Co. now owns 91,775 shares of the semiconductor company’s stock worth $9,568,000 after buying an additional 80,765 shares during the last quarter. Versor Investments LP raised its position in Cirrus Logic by 245.8% in the second quarter. Versor Investments LP now owns 11,065 shares of the semiconductor company’s stock worth $1,154,000 after acquiring an additional 7,865 shares during the period. Simon Quick Advisors LLC raised its position in Cirrus Logic by 70.3% in the second quarter. Simon Quick Advisors LLC now owns 6,642 shares of the semiconductor company’s stock worth $692,000 after acquiring an additional 2,742 shares during the period. Impact Partnership Wealth LLC boosted its stake in Cirrus Logic by 27.0% in the second quarter. Impact Partnership Wealth LLC now owns 2,563 shares of the semiconductor company’s stock valued at $267,000 after acquiring an additional 545 shares during the last quarter. Finally, Retirement Systems of Alabama grew its position in shares of Cirrus Logic by 0.3% during the 2nd quarter. Retirement Systems of Alabama now owns 85,656 shares of the semiconductor company’s stock valued at $8,930,000 after acquiring an additional 273 shares during the period. Institutional investors own 87.96% of the company’s stock.

Wall Street Analysts Forecast Growth

Several equities analysts recently commented on the company. Weiss Ratings reiterated a “hold (c+)” rating on shares of Cirrus Logic in a research note on Thursday. Benchmark boosted their target price on Cirrus Logic from $125.00 to $150.00 and gave the company a “buy” rating in a research note on Wednesday, November 5th. KeyCorp upped their price target on Cirrus Logic from $135.00 to $150.00 and gave the company an “overweight” rating in a research report on Wednesday, November 5th. Williams Trading set a $150.00 price objective on Cirrus Logic in a report on Wednesday, November 5th. Finally, Barclays boosted their price objective on Cirrus Logic from $90.00 to $95.00 and gave the company an “equal weight” rating in a research note on Wednesday, November 5th. One research analyst has rated the stock with a Strong Buy rating, four have assigned a Buy rating and two have given a Hold rating to the stock. Based on data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $141.67.

Cirrus Logic Stock Down 3.2%

Shares of NASDAQ CRUS opened at $115.44 on Tuesday. The company has a market cap of $5.89 billion, a P/E ratio of 18.07 and a beta of 1.11. Cirrus Logic, Inc. has a 52 week low of $75.83 and a 52 week high of $136.92. The business has a 50-day simple moving average of $124.05 and a two-hundred day simple moving average of $112.16.

Cirrus Logic (NASDAQ:CRUS) last announced its quarterly earnings results 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. The firm had revenue of $560.96 million for the quarter, compared to the consensus estimate of $540.45 million. Cirrus Logic had a net margin of 18.15% and a return on equity of 18.38%. The company’s revenue for the quarter was up 3.5% on a year-over-year basis. During the same period in the prior year, the firm posted $2.25 earnings per share. Cirrus Logic has set its Q3 2026 guidance at EPS. Equities research analysts anticipate that Cirrus Logic, Inc. will post 5.63 EPS for the current year.

Insider Buying and Selling at Cirrus Logic

In other news, EVP Denise Grode sold 2,202 shares of the business’s 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 completion of the transaction, the executive vice president directly owned 5,698 shares in the company, valued at $665,925.26. The trade was a 27.87% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, EVP Jeffrey W. Baumgartner sold 10,000 shares of the company’s stock in a transaction on Tuesday, September 2nd. The stock was sold at an average price of $111.78, for a total transaction of $1,117,800.00. Following the completion of the transaction, the executive vice president directly owned 14,001 shares in the company, valued at approximately $1,565,031.78. The trade was a 41.66% decrease in their position. The SEC filing for this sale provides additional information. Insiders sold a total of 33,187 shares of company stock valued at $3,918,128 in the last three months. Company insiders own 1.16% of the company’s stock.

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.