Versor Investments LP Has $1.15 Million Stock Holdings in Cirrus Logic, Inc. $CRUS

Versor Investments LP increased its position in Cirrus Logic, Inc. (NASDAQ:CRUS) by 245.8% in the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 11,065 shares of the semiconductor company’s stock after buying an additional 7,865 shares during the period. Versor Investments LP’s holdings in Cirrus Logic were worth $1,154,000 at the end of the most recent reporting period.

Several other large investors also recently made changes to their positions in CRUS. Sumitomo Mitsui Trust Group Inc. grew its stake in shares of Cirrus Logic by 20.4% in the 1st quarter. Sumitomo Mitsui Trust Group Inc. now owns 2,455 shares of the semiconductor company’s stock valued at $245,000 after buying an additional 416 shares during the period. KBC Group NV grew its stake in shares of Cirrus Logic by 22.3% in the 1st quarter. KBC Group NV now owns 2,318 shares of the semiconductor company’s stock valued at $231,000 after buying an additional 422 shares during the period. Principal Financial Group Inc. grew its stake in shares of Cirrus Logic by 0.3% in the 1st quarter. Principal Financial Group Inc. now owns 122,317 shares of the semiconductor company’s stock valued at $12,190,000 after buying an additional 391 shares during the period. Penserra Capital Management LLC grew its stake in shares of Cirrus Logic by 41.0% in the 1st quarter. Penserra Capital Management LLC now owns 153,307 shares of the semiconductor company’s stock valued at $15,277,000 after buying an additional 44,592 shares during the period. Finally, Envestnet Asset Management Inc. grew its stake in shares of Cirrus Logic by 10.7% in the 1st quarter. Envestnet Asset Management Inc. now owns 122,333 shares of the semiconductor company’s stock valued at $12,191,000 after buying an additional 11,844 shares during the period. 87.96% of the stock is currently owned by institutional investors and hedge funds.

Cirrus Logic Stock Up 0.1%

Cirrus Logic stock opened at $132.65 on Monday. Cirrus Logic, Inc. has a 52 week low of $75.83 and a 52 week high of $136.92. The company’s 50 day moving average price is $122.77 and its two-hundred day moving average price is $109.80. The stock has a market cap of $6.81 billion, a P/E ratio of 20.76 and a beta of 1.09.

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

Analysts Set New Price Targets

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

Insiders Place Their Bets

In other Cirrus Logic news, EVP Denise Grode sold 2,202 shares of Cirrus Logic stock in a transaction that occurred 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 transaction, the executive vice president owned 5,698 shares of the company’s stock, valued at $665,925.26. This trade represents a 27.87% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, EVP Scott Thomas sold 11,089 shares of Cirrus Logic stock in a transaction that occurred 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 transaction, the executive vice president directly owned 26,307 shares in the company, valued at approximately $3,196,037.43. This represents a 29.65% decrease in their position. The SEC filing for this sale provides additional information. Insiders have sold a total of 33,187 shares of company stock valued at $3,918,128 in the last 90 days. 1.16% of the stock is currently owned by corporate insiders.

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.