Meritage Portfolio Management Has $415,000 Position in Cirrus Logic, Inc. $CRUS

Meritage Portfolio Management raised its holdings in Cirrus Logic, Inc. (NASDAQ:CRUS) by 4.1% during the second quarter, HoldingsChannel reports. The firm owned 3,980 shares of the semiconductor company’s stock after acquiring an additional 157 shares during the quarter. Meritage Portfolio Management’s holdings in Cirrus Logic were worth $415,000 at the end of the most recent reporting period.

A number of other large investors have also recently modified their holdings of CRUS. Banque Cantonale Vaudoise acquired a new stake in shares of Cirrus Logic in the 1st quarter valued at $30,000. RMG Wealth Management LLC acquired a new stake in shares of Cirrus Logic in the 2nd quarter valued at $30,000. Ameritas Advisory Services LLC acquired a new stake in shares of Cirrus Logic in the 2nd quarter valued at $31,000. Geneos Wealth Management Inc. boosted its holdings in shares of Cirrus Logic by 95.1% in the 1st quarter. Geneos Wealth Management Inc. now owns 476 shares of the semiconductor company’s stock valued at $47,000 after purchasing an additional 232 shares in the last quarter. Finally, N.E.W. Advisory Services LLC acquired a new stake in shares of Cirrus Logic in the 1st quarter valued at $50,000. Institutional investors and hedge funds own 87.96% of the company’s stock.

Wall Street Analyst Weigh In

A number of equities research analysts have weighed in on the company. Stifel Nicolaus raised their target price on Cirrus Logic from $120.00 to $130.00 and gave the company a “buy” rating in a report on Friday, September 12th. Wall Street Zen downgraded Cirrus Logic from a “strong-buy” rating to a “buy” rating in a report on Monday, August 11th. Finally, Weiss Ratings reissued a “hold (c)” rating on shares of Cirrus Logic in a report on Wednesday, October 8th. Four analysts have rated the stock with a Buy rating and two have issued a Hold rating to the company’s stock. Based on data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average target price of $123.00.

Cirrus Logic Stock Up 4.3%

NASDAQ CRUS opened at $120.63 on Tuesday. Cirrus Logic, Inc. has a twelve month low of $75.83 and a twelve month high of $129.56. The company has a market cap of $6.19 billion, a price-to-earnings ratio of 18.88 and a beta of 1.09. The business’s fifty day moving average is $117.04 and its 200 day moving average is $105.60.

Cirrus Logic (NASDAQ:CRUS) last released its quarterly earnings data on Tuesday, August 5th. The semiconductor company reported $1.51 earnings per share for the quarter, beating the consensus estimate of $1.07 by $0.44. The company had revenue of $407.27 million for the quarter, compared to the consensus estimate of $361.97 million. Cirrus Logic had a return on equity of 18.38% and a net margin of 18.15%.Cirrus Logic’s revenue for the quarter was up 8.9% on a year-over-year basis. During the same quarter last year, the business posted $1.12 EPS. Cirrus Logic has set its Q2 2026 guidance at EPS. On average, research analysts anticipate that Cirrus Logic, Inc. will post 5.63 earnings per share for the current fiscal year.

Insider Buying and Selling

In related news, EVP Scott Thomas sold 11,089 shares of the firm’s 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 transaction, the executive vice president directly owned 26,307 shares of the company’s stock, valued at $3,196,037.43. This trade represents a 29.65% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Also, EVP Jeffrey W. Baumgartner sold 10,000 shares of the firm’s stock in a transaction on Tuesday, September 2nd. The stock was sold at an average price of $111.78, for a total value of $1,117,800.00. Following the transaction, the executive vice president directly owned 14,001 shares of the company’s stock, valued at approximately $1,565,031.78. This represents a 41.66% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 32,453 shares of company stock valued at $3,821,790 in the last three months. 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.