Boston Partners Invests $24.91 Million in Cirrus Logic, Inc. $CRUS

Boston Partners bought a new stake in Cirrus Logic, Inc. (NASDAQ:CRUS) in the 2nd quarter, according to its most recent disclosure with the SEC. The fund bought 238,698 shares of the semiconductor company’s stock, valued at approximately $24,910,000. Boston Partners owned approximately 0.47% of Cirrus Logic at the end of the most recent reporting period.

Other large investors have also modified their holdings of the company. Hantz Financial Services Inc. increased its holdings in Cirrus Logic by 1,660.0% in the second quarter. Hantz Financial Services Inc. now owns 264 shares of the semiconductor company’s stock valued at $28,000 after buying an additional 249 shares during the last quarter. RMG Wealth Management LLC purchased a new stake in Cirrus Logic in the second quarter valued at approximately $30,000. Ameritas Advisory Services LLC purchased a new stake in Cirrus Logic in the 2nd quarter valued at $31,000. Banque Cantonale Vaudoise acquired a new stake in shares of Cirrus Logic during the first quarter worth about $30,000. Finally, Migdal Insurance & Financial Holdings Ltd. acquired a new stake in Cirrus Logic during the 2nd quarter worth approximately $39,000. Hedge funds and other institutional investors own 87.96% of the company’s stock.

Cirrus Logic Price Performance

Cirrus Logic stock opened at $119.77 on Friday. Cirrus Logic, Inc. has a 12 month low of $75.83 and a 12 month high of $136.92. The company has a fifty day moving average price of $124.04 and a two-hundred day moving average price of $113.02. The company has a market cap of $6.11 billion, a PE ratio of 18.74 and a beta of 1.11.

Cirrus Logic (NASDAQ:CRUS) last posted its earnings results on Tuesday, November 4th. The semiconductor company reported $2.83 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $2.32 by $0.51. The company had revenue of $560.96 million for the quarter, compared to analysts’ expectations of $540.45 million. Cirrus Logic had a return on equity of 18.38% and a net margin of 18.15%.The firm’s quarterly revenue was up 3.5% compared to the same quarter last year. During the same period last year, the business 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 earnings per share for the current year.

Insider Activity at Cirrus Logic

In other Cirrus Logic news, EVP Jeffrey W. Baumgartner sold 10,000 shares of Cirrus Logic stock in a transaction that occurred on Tuesday, September 2nd. The shares were sold at an average price of $111.78, for a total value of $1,117,800.00. Following the transaction, the executive vice president owned 14,001 shares in the company, valued at approximately $1,565,031.78. The trade was a 41.66% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Also, EVP Scott Thomas sold 11,089 shares of the company’s stock in a transaction on Thursday, September 18th. The shares were 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 disclosure for this sale is available in the SEC filing. Insiders have sold 42,100 shares of company stock worth $4,979,310 over the last ninety days. Insiders own 1.16% of the company’s stock.

Wall Street Analyst Weigh In

Several analysts have recently commented on CRUS shares. Stifel Nicolaus raised their target price on shares of Cirrus Logic from $140.00 to $150.00 and gave the stock a “buy” rating in a research note on Wednesday, November 5th. Susquehanna boosted their target price on Cirrus Logic from $140.00 to $155.00 and gave the stock a “positive” rating in a research report on Wednesday, October 22nd. Weiss Ratings reaffirmed a “hold (c+)” rating on shares of Cirrus Logic in a research note on Tuesday. Williams Trading set a $150.00 price target on Cirrus Logic in a report on Wednesday, November 5th. Finally, Barclays raised their target price on shares of Cirrus Logic from $90.00 to $95.00 and gave the stock an “equal weight” rating in a research report on Wednesday, November 5th. One research analyst has rated the stock with a Strong Buy rating, four have given a Buy rating and two have given a Hold rating to the company’s stock. According to data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average price target 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.