Simon Quick Advisors LLC Acquires 2,742 Shares of Cirrus Logic, Inc. $CRUS

Simon Quick Advisors LLC grew its position in shares of Cirrus Logic, Inc. (NASDAQ:CRUS) by 70.3% in the second quarter, Holdings Channel reports. The fund owned 6,642 shares of the semiconductor company’s stock after buying an additional 2,742 shares during the quarter. Simon Quick Advisors LLC’s holdings in Cirrus Logic were worth $692,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also recently modified their holdings of the company. Vanguard Group Inc. boosted its position in shares of Cirrus Logic by 0.4% during the 1st quarter. Vanguard Group Inc. now owns 6,420,646 shares of the semiconductor company’s stock valued at $639,849,000 after acquiring an additional 24,614 shares during the last quarter. LSV Asset Management boosted its position in shares of Cirrus Logic by 6.4% during the 1st quarter. LSV Asset Management now owns 2,402,284 shares of the semiconductor company’s stock valued at $239,400,000 after acquiring an additional 145,524 shares during the last quarter. Fuller & Thaler Asset Management Inc. boosted its position in shares of Cirrus Logic by 0.3% during the 1st quarter. Fuller & Thaler Asset Management Inc. now owns 1,590,744 shares of the semiconductor company’s stock valued at $158,518,000 after acquiring an additional 4,403 shares during the last quarter. Ameriprise Financial Inc. boosted its position in shares of Cirrus Logic by 98.0% during the 1st quarter. Ameriprise Financial Inc. now owns 1,117,526 shares of the semiconductor company’s stock valued at $111,380,000 after acquiring an additional 553,169 shares during the last quarter. Finally, AQR Capital Management LLC boosted its position in shares of Cirrus Logic by 131.5% during the 1st quarter. AQR Capital Management LLC now owns 1,063,813 shares of the semiconductor company’s stock valued at $103,456,000 after acquiring an additional 604,337 shares during the last quarter. 87.96% of the stock is currently owned by institutional investors.

Cirrus Logic Stock Up 0.1%

Shares of CRUS opened at $132.65 on Friday. The company has a market cap of $6.81 billion, a PE ratio of 20.76 and a beta of 1.09. The business has a fifty day moving average of $122.77 and a 200 day moving average of $109.47. Cirrus Logic, Inc. has a 52-week low of $75.83 and a 52-week high of $136.92.

Cirrus Logic (NASDAQ:CRUS) last released its earnings results on Tuesday, August 5th. The semiconductor company reported $1.51 earnings per share for the quarter, topping analysts’ consensus estimates of $1.07 by $0.44. Cirrus Logic had a return on equity of 18.38% and a net margin of 18.15%.The business had revenue of $407.27 million for the quarter, compared to analyst estimates of $361.97 million. During the same quarter last year, the firm posted $1.12 earnings per share. The business’s 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 anticipate that Cirrus Logic, Inc. will post 5.63 earnings per share for the current fiscal year.

Insiders Place Their Bets

In other Cirrus Logic news, EVP Jeffrey W. Baumgartner sold 9,162 shares of the stock in a transaction on Wednesday, September 17th. The stock was sold at an average price of $120.00, for a total value of $1,099,440.00. Following the sale, the executive vice president owned 14,001 shares in the company, valued at $1,680,120. This trade represents a 39.55% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, EVP Denise Grode sold 2,202 shares of the stock in a transaction on Monday, September 15th. The stock was sold at an average price of $116.87, for a total value of $257,347.74. Following the completion of the sale, the executive vice president owned 5,698 shares in the company, valued at approximately $665,925.26. The trade was a 27.87% decrease in their position. The disclosure for this sale is available in the SEC filing. Insiders have sold a total of 33,187 shares of company stock worth $3,918,128 over the last quarter. Company insiders own 1.16% of the company’s stock.

Analyst Ratings Changes

A number of research analysts have recently commented on CRUS shares. Susquehanna increased their target price on Cirrus Logic from $140.00 to $155.00 and gave the company a “positive” rating in a research report on Wednesday, October 22nd. Wall Street Zen upgraded Cirrus Logic from a “buy” rating to a “strong-buy” rating in a research report on Saturday, October 18th. Zacks Research upgraded Cirrus Logic from a “hold” rating to a “strong-buy” rating in a research report on Monday, October 27th. Stifel Nicolaus raised their price target on Cirrus Logic from $130.00 to $140.00 and gave the stock a “buy” rating in a research report on Friday, October 17th. Finally, Weiss Ratings restated a “hold (c)” rating on shares of Cirrus Logic in a research report on Wednesday, October 8th. One investment analyst has rated the stock with a Strong Buy rating, four have issued a Buy rating and two have issued a Hold rating to the stock. According to MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average price target of $128.00.

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.