Creative Planning Buys 3,255 Shares of Cirrus Logic, Inc. $CRUS

Creative Planning boosted its stake in shares of Cirrus Logic, Inc. (NASDAQ:CRUS) by 22.6% during the second quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 17,655 shares of the semiconductor company’s stock after purchasing an additional 3,255 shares during the period. Creative Planning’s holdings in Cirrus Logic were worth $1,841,000 at the end of the most recent reporting period.

A number of other large investors have also added to or reduced their stakes in the stock. Louisiana State Employees Retirement System lifted its holdings in shares of Cirrus Logic by 0.7% during the 2nd quarter. Louisiana State Employees Retirement System now owns 15,000 shares of the semiconductor company’s stock valued at $1,564,000 after buying an additional 100 shares during the period. Somerset Trust Co lifted its holdings in 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 acquiring an additional 110 shares during the period. Farther Finance Advisors LLC lifted its holdings in Cirrus Logic by 4.3% in the second quarter. Farther Finance Advisors LLC now owns 2,806 shares of the semiconductor company’s stock valued at $293,000 after acquiring an additional 116 shares during the period. Public Employees Retirement System of Ohio grew its stake in shares of Cirrus Logic by 0.7% during the 2nd quarter. Public Employees Retirement System of Ohio now owns 18,431 shares of the semiconductor company’s stock valued at $1,922,000 after purchasing an additional 122 shares during the period. Finally, GAMMA Investing LLC grew its stake in shares of Cirrus Logic by 6.6% during the 2nd quarter. GAMMA Investing LLC now owns 2,015 shares of the semiconductor company’s stock valued at $210,000 after purchasing an additional 125 shares during the period. Institutional investors own 87.96% of the company’s stock.

Insider Activity at Cirrus Logic

In other news, EVP Scott Thomas sold 734 shares of Cirrus Logic stock in a transaction that occurred on Monday, October 20th. The shares were sold at an average price of $131.25, for a total transaction of $96,337.50. Following the sale, the executive vice president owned 26,307 shares in the company, valued at $3,452,793.75. This trade represents a 2.71% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. Also, EVP Andrew Brannan sold 8,913 shares of the company’s stock in a transaction on Friday, November 14th. The stock was sold at an average price of $119.06, for a total transaction of $1,061,181.78. Following the transaction, the executive vice president owned 5,950 shares of the company’s stock, valued at approximately $708,407. This represents a 59.97% decrease in their position. The SEC filing for this sale provides additional information. In the last 90 days, insiders sold 42,100 shares of company stock valued at $4,979,310. Corporate insiders own 1.16% of the company’s stock.

Cirrus Logic Stock Performance

Shares of CRUS stock opened at $119.77 on Thursday. The stock has a fifty day simple moving average of $124.10 and a two-hundred day simple moving average of $112.97. The firm has a market capitalization of $6.11 billion, a PE ratio of 18.74 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.

Cirrus Logic (NASDAQ:CRUS) last released its quarterly earnings data on Tuesday, November 4th. The semiconductor company reported $2.83 earnings per share for the quarter, topping analysts’ consensus estimates of $2.32 by $0.51. The firm had revenue of $560.96 million during the quarter, compared to analyst estimates of $540.45 million. Cirrus Logic had a return on equity of 18.38% and a net margin of 18.15%.The business’s quarterly revenue was up 3.5% compared to the same quarter last year. During the same quarter in the prior year, the company posted $2.25 earnings per share. Cirrus Logic has set its Q3 2026 guidance at EPS. On average, sell-side analysts forecast that Cirrus Logic, Inc. will post 5.63 EPS for the current fiscal year.

Analysts Set New Price Targets

Several brokerages have recently weighed in on CRUS. KeyCorp increased their price objective on shares of Cirrus Logic from $135.00 to $150.00 and gave the stock an “overweight” rating in a research note on Wednesday, November 5th. Stifel Nicolaus increased their price target on shares of Cirrus Logic from $140.00 to $150.00 and gave the stock a “buy” rating in a research report on Wednesday, November 5th. Susquehanna boosted their price objective 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. Williams Trading set a $150.00 price objective on Cirrus Logic in a research note on Wednesday, November 5th. Finally, Barclays lifted their target price on Cirrus Logic from $90.00 to $95.00 and gave the company an “equal weight” rating in a research report on Wednesday, November 5th. One investment analyst has rated the stock with a Strong Buy rating, four have given a Buy rating and two have issued a Hold rating to the stock. According to MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $141.67.

Cirrus Logic 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.