R Squared Ltd Purchases Shares of 2,000 Cirrus Logic, Inc. $CRUS

R Squared Ltd purchased a new stake in Cirrus Logic, Inc. (NASDAQ:CRUS) in the 2nd quarter, HoldingsChannel.com reports. The institutional investor purchased 2,000 shares of the semiconductor company’s stock, valued at approximately $209,000.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. RMG Wealth Management LLC acquired a new position in Cirrus Logic in the 2nd quarter valued at approximately $30,000. Ameritas Advisory Services LLC acquired a new stake in shares of Cirrus Logic during the second quarter worth $31,000. Banque Cantonale Vaudoise acquired a new stake in shares of Cirrus Logic during the first quarter worth $30,000. Cullen Frost Bankers Inc. acquired a new stake in shares of Cirrus Logic during the second quarter worth $49,000. Finally, Geneos Wealth Management Inc. increased its position in shares of Cirrus Logic by 95.1% during the first quarter. Geneos Wealth Management Inc. now owns 476 shares of the semiconductor company’s stock worth $47,000 after buying an additional 232 shares during the period. 87.96% of the stock is currently owned by institutional investors and hedge funds.

Insider Buying and Selling at Cirrus Logic

In other Cirrus Logic news, EVP Scott Thomas sold 11,089 shares of the firm’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 transaction, 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. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, EVP Denise Grode sold 2,202 shares of the firm’s stock in a transaction on Monday, September 15th. The shares were sold at an average price of $116.87, for a total transaction of $257,347.74. Following the completion of the transaction, the executive vice president directly owned 5,698 shares in the company, valued at $665,925.26. This trade represents a 27.87% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last three months, insiders have sold 33,187 shares of company stock valued at $3,918,128. Corporate insiders own 1.16% of the company’s stock.

Analysts Set New Price Targets

Several research firms have recently weighed in on CRUS. Stifel Nicolaus increased their price objective on shares of Cirrus Logic from $130.00 to $140.00 and gave the stock a “buy” rating in a research report on Friday, October 17th. Susquehanna increased their price objective on shares of Cirrus Logic from $140.00 to $155.00 and gave the stock a “positive” rating in a research report on Wednesday. Weiss Ratings reiterated a “hold (c)” rating on shares of Cirrus Logic in a research report on Friday. Finally, Wall Street Zen upgraded shares of Cirrus Logic from a “buy” rating to a “strong-buy” rating in a research report on Saturday, October 18th. Four research analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the stock. According to MarketBeat.com, Cirrus Logic currently has an average rating of “Moderate Buy” and an average price target of $128.00.

Cirrus Logic Trading Down 0.7%

NASDAQ:CRUS opened at $130.60 on Friday. The stock has a market capitalization of $6.70 billion, a price-to-earnings ratio of 20.44 and a beta of 1.09. The firm has a fifty day simple moving average of $120.88 and a two-hundred day simple moving average of $107.91. Cirrus Logic, Inc. has a 12 month low of $75.83 and a 12 month high of $132.90.

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

Cirrus Logic Company 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.