Quantbot Technologies LP Buys Shares of 14,978 Cirrus Logic, Inc. $CRUS

Quantbot Technologies LP bought a new stake in Cirrus Logic, Inc. (NASDAQ:CRUS) in the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund bought 14,978 shares of the semiconductor company’s stock, valued at approximately $1,493,000.

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in CRUS. Banque Cantonale Vaudoise acquired a new position in Cirrus Logic in the first quarter valued at about $30,000. N.E.W. Advisory Services LLC acquired a new position in Cirrus Logic in the first quarter valued at about $50,000. UMB Bank n.a. grew its stake in Cirrus Logic by 124.5% in the first quarter. UMB Bank n.a. now owns 523 shares of the semiconductor company’s stock valued at $52,000 after acquiring an additional 290 shares during the period. Menard Financial Group LLC acquired a new position in Cirrus Logic in the fourth quarter valued at about $67,000. Finally, MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. boosted its position in shares of Cirrus Logic by 17.2% during the fourth quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 1,057 shares of the semiconductor company’s stock worth $105,000 after buying an additional 155 shares during the period. 87.96% of the stock is owned by institutional investors and hedge funds.

Cirrus Logic Stock Performance

Shares of NASDAQ CRUS opened at $117.38 on Friday. The stock has a 50 day moving average price of $106.01 and a 200 day moving average price of $101.68. Cirrus Logic, Inc. has a 52 week low of $75.83 and a 52 week high of $147.46. The stock has a market capitalization of $6.03 billion, a PE ratio of 18.37 and a beta of 0.92.

Cirrus Logic (NASDAQ:CRUS) last issued its quarterly earnings results on Tuesday, August 5th. The semiconductor company reported $1.51 EPS for the quarter, beating the consensus estimate of $1.07 by $0.44. Cirrus Logic had a return on equity of 18.38% and a net margin of 18.15%.The firm had revenue of $407.27 million during the quarter, compared to analysts’ expectations of $361.97 million. During the same period in the prior year, the firm posted $1.12 earnings per share. The business’s quarterly revenue was up 8.9% compared to the same quarter last year. Cirrus Logic has set its Q2 2026 guidance at EPS. As a group, research analysts forecast that Cirrus Logic, Inc. will post 5.63 EPS for the current year.

Cirrus Logic announced that its board has initiated a stock repurchase plan on Tuesday, May 6th that allows the company to repurchase $500.00 million in outstanding shares. This repurchase authorization allows the semiconductor company to reacquire up to 9.6% of its stock through open market purchases. Stock repurchase plans are typically a sign that the company’s leadership believes its shares are undervalued.

Wall Street Analyst Weigh In

Several research analysts have recently weighed in on the company. Wall Street Zen cut Cirrus Logic from a “strong-buy” rating to a “buy” rating in a research report on Monday, August 11th. Barclays upped their price objective on Cirrus Logic from $80.00 to $90.00 and gave the stock an “equal weight” rating in a research report on Wednesday, May 7th. Finally, Stifel Nicolaus set a $120.00 price objective on Cirrus Logic in a research report on Wednesday, May 7th. Four research analysts have rated the stock with a Buy rating and one has issued a Hold rating to the stock. Based on data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average price target of $121.00.

Insider Activity at Cirrus Logic

In related news, EVP Jeffrey W. Baumgartner sold 10,000 shares of the stock in a transaction that occurred on Tuesday, June 3rd. The stock was sold at an average price of $100.00, for a total transaction of $1,000,000.00. Following the completion of the transaction, the executive vice president directly owned 14,001 shares of the company’s stock, valued at approximately $1,400,100. This represents a 41.66% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, EVP Carl Jackson Alberty sold 2,000 shares of the stock in a transaction that occurred on Tuesday, June 3rd. The shares were sold at an average price of $100.00, for a total value of $200,000.00. Following the transaction, the executive vice president directly owned 41,645 shares of the company’s stock, valued at $4,164,500. This trade represents a 4.58% decrease in their ownership of the stock. The disclosure for this sale can be found here. Corporate 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.