Vise Technologies Inc. Invests $207,000 in Cirrus Logic, Inc. $CRUS

Vise Technologies Inc. acquired a new stake in shares of Cirrus Logic, Inc. (NASDAQ:CRUS) in the second quarter, according to the company in its most recent Form 13F filing with the SEC. The fund acquired 1,986 shares of the semiconductor company’s stock, valued at approximately $207,000.

A number of other institutional investors also recently bought and sold shares of the stock. Hantz Financial Services Inc. grew its holdings in Cirrus Logic by 1,660.0% during the second quarter. Hantz Financial Services Inc. now owns 264 shares of the semiconductor company’s stock valued at $28,000 after purchasing an additional 249 shares during the period. Banque Cantonale Vaudoise bought a new position in shares of Cirrus Logic in the first quarter worth about $30,000. RMG Wealth Management LLC bought a new position in shares of Cirrus Logic during the 2nd quarter valued at approximately $30,000. Ameritas Advisory Services LLC purchased a new stake in Cirrus Logic in the 2nd quarter worth approximately $31,000. Finally, Migdal Insurance & Financial Holdings Ltd. bought a new stake in Cirrus Logic during the 2nd quarter worth approximately $39,000. 87.96% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

A number of equities analysts have weighed in on CRUS shares. Susquehanna upped their price target on shares of Cirrus Logic from $140.00 to $155.00 and gave the stock a “positive” rating in a research report on Wednesday, October 22nd. Barclays upped their target price on shares of Cirrus Logic from $90.00 to $95.00 and gave the stock an “equal weight” rating in a report on Wednesday, November 5th. Williams Trading set a $150.00 price target on Cirrus Logic in a research note on Wednesday, November 5th. Weiss Ratings restated a “hold (c+)” rating on shares of Cirrus Logic in a research report on Thursday, November 13th. Finally, Stifel Nicolaus increased their target price on Cirrus Logic from $140.00 to $150.00 and gave the stock a “buy” rating in a research report on Wednesday, November 5th. One research analyst has rated the stock with a Strong Buy rating, four have given a Buy rating and two have assigned a Hold rating to the company’s stock. Based on data from MarketBeat.com, Cirrus Logic has an average rating of “Moderate Buy” and a consensus target price of $141.67.

Insider Buying and Selling at Cirrus Logic

In other Cirrus Logic news, EVP Scott Thomas sold 11,089 shares of Cirrus Logic 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 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 filing with the SEC, which is available at this link. Also, EVP Jeffrey W. Baumgartner sold 10,000 shares of the company’s stock in a transaction dated Tuesday, September 2nd. The shares were sold at an average price of $111.78, for a total transaction of $1,117,800.00. Following the sale, the executive vice president owned 14,001 shares in the company, valued at $1,565,031.78. This represents a 41.66% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Insiders have sold 42,100 shares of company stock worth $4,979,310 over the last three months. 1.16% of the stock is owned by company insiders.

Cirrus Logic Stock Up 0.1%

Shares of Cirrus Logic stock opened at $115.51 on Wednesday. The business has a 50-day moving average price of $124.03 and a 200-day moving average price of $112.28. Cirrus Logic, Inc. has a twelve month low of $75.83 and a twelve month high of $136.92. The firm has a market cap of $5.89 billion, a price-to-earnings ratio of 18.08 and a beta of 1.11.

Cirrus Logic (NASDAQ:CRUS) last released its quarterly earnings data on Tuesday, November 4th. The semiconductor company reported $2.83 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $2.32 by $0.51. The business had revenue of $560.96 million for the quarter, compared to the consensus estimate of $540.45 million. Cirrus Logic had a return on equity of 18.38% and a net margin of 18.15%.The company’s revenue was up 3.5% compared to the same quarter last year. During the same quarter in the previous year, the company posted $2.25 EPS. Cirrus Logic has set its Q3 2026 guidance at EPS. On average, equities analysts expect that Cirrus Logic, Inc. will post 5.63 EPS for the current fiscal year.

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.