Capital Fund Management S.A. Cuts Stock Holdings in Cirrus Logic, Inc. $CRUS

Capital Fund Management S.A. lowered its position in shares of Cirrus Logic, Inc. (NASDAQ:CRUS) by 15.2% in the 2nd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 53,357 shares of the semiconductor company’s stock after selling 9,582 shares during the period. Capital Fund Management S.A. owned approximately 0.10% of Cirrus Logic worth $5,563,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds and other institutional investors have also added to or reduced their stakes in the business. Cetera Investment Advisers increased its holdings in shares of Cirrus Logic by 74.3% in the 1st quarter. Cetera Investment Advisers now owns 4,824 shares of the semiconductor company’s stock worth $481,000 after purchasing an additional 2,057 shares in the last quarter. Zurcher Kantonalbank Zurich Cantonalbank boosted its position in shares of Cirrus Logic by 3.8% during the first quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 14,796 shares of the semiconductor company’s stock valued at $1,474,000 after buying an additional 548 shares during the last quarter. LPL Financial LLC increased its holdings in Cirrus Logic by 20.2% in the 1st quarter. LPL Financial LLC now owns 16,026 shares of the semiconductor company’s stock worth $1,597,000 after buying an additional 2,698 shares in the last quarter. Federated Hermes Inc. raised its position in Cirrus Logic by 4.3% in the 1st quarter. Federated Hermes Inc. now owns 39,680 shares of the semiconductor company’s stock worth $3,954,000 after buying an additional 1,651 shares during the last quarter. Finally, Banque Cantonale Vaudoise purchased a new position in Cirrus Logic in the 1st quarter worth about $30,000. 87.96% of the stock is owned by institutional investors.

Analysts Set New Price Targets

A number of analysts have recently issued reports on the stock. Weiss Ratings reaffirmed a “hold (c+)” rating on shares of Cirrus Logic in a report on Tuesday, November 25th. KeyCorp increased their price objective on shares of Cirrus Logic from $135.00 to $150.00 and gave the company an “overweight” rating in a research report on Wednesday, November 5th. Wall Street Zen downgraded shares of Cirrus Logic from a “strong-buy” rating to a “buy” rating in a research report on Saturday, November 8th. Stifel Nicolaus increased their price target on Cirrus Logic from $140.00 to $150.00 and gave the company a “buy” rating in a report on Wednesday, November 5th. Finally, Williams Trading set a $150.00 price objective on Cirrus Logic in a report on Wednesday, November 5th. One investment 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 company’s stock. According to MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus price target of $141.67.

Cirrus Logic Price Performance

Shares of CRUS stock opened at $120.32 on Monday. Cirrus Logic, Inc. has a 1 year low of $75.83 and a 1 year high of $136.92. The firm has a fifty day moving average price of $124.04 and a 200-day moving average price of $113.20. The company has a market cap of $6.14 billion, a price-to-earnings ratio of 18.83 and a beta of 1.11.

Cirrus Logic (NASDAQ:CRUS) last announced its earnings results on Tuesday, November 4th. The semiconductor company reported $2.83 EPS for the quarter, topping analysts’ consensus estimates of $2.32 by $0.51. Cirrus Logic had a return on equity of 18.38% and a net margin of 18.15%.The company had revenue of $560.96 million for the quarter, compared to analysts’ expectations of $540.45 million. During the same period last year, the firm earned $2.25 EPS. Cirrus Logic’s revenue for the quarter was up 3.5% compared to the same quarter last year. Cirrus Logic has set its Q3 2026 guidance at EPS. Equities research analysts expect that Cirrus Logic, Inc. will post 5.63 EPS for the current year.

Insider Buying and Selling

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 transaction of $1,117,800.00. Following the transaction, the executive vice president owned 14,001 shares of the company’s stock, valued at $1,565,031.78. The trade was a 41.66% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, EVP Scott Thomas sold 11,089 shares of the stock in a transaction on Thursday, September 18th. The stock was sold at an average price of $121.49, for a total transaction of $1,347,202.61. Following the completion of the sale, the executive vice president directly owned 26,307 shares of the company’s stock, valued at approximately $3,196,037.43. This trade represents a 29.65% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold 42,100 shares of company stock valued at $4,979,310 in the last 90 days. Corporate insiders own 1.16% of the company’s stock.

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.