110,204 Shares in Cirrus Logic, Inc. $CRUS Acquired by Corient Private Wealth LP

Corient Private Wealth LP purchased a new stake in Cirrus Logic, Inc. (NASDAQ:CRUS) in the second quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor purchased 110,204 shares of the semiconductor company’s stock, valued at approximately $16,368,000.

Several other hedge funds also recently added to or reduced their stakes in the stock. LSV Asset Management increased its position in shares of Cirrus Logic by 1.0% during the 4th quarter. LSV Asset Management now owns 2,356,245 shares of the semiconductor company’s stock valued at $279,215,000 after purchasing an additional 23,703 shares during the last quarter. Mach 1 Financial Group LLC purchased a new position in shares of Cirrus Logic in the 4th quarter worth about $736,000. Arbejdsmarkedets Tillaegspension bought a new position in Cirrus Logic during the fourth quarter valued at about $21,988,000. Assenagon Asset Management S.A. grew its position in Cirrus Logic by 37.6% during the second quarter. Assenagon Asset Management S.A. now owns 213,871 shares of the semiconductor company’s stock valued at $31,766,000 after buying an additional 58,446 shares during the period. Finally, Northwestern Mutual Wealth Management Co. increased its holdings in Cirrus Logic by 2,574.2% during the fourth quarter. Northwestern Mutual Wealth Management Co. now owns 67,791 shares of the semiconductor company’s stock worth $8,033,000 after buying an additional 65,256 shares during the last quarter. 87.96% of the stock is currently owned by hedge funds and other institutional investors.

Insider Activity at Cirrus Logic

In related news, EVP Andrew Brannan sold 6,464 shares of the firm’s stock in a transaction that occurred on Monday, June 29th. The shares were sold at an average price of $144.71, for a total value of $935,405.44. Following the completion of the transaction, the executive vice president directly owned 7,203 shares of the company’s stock, valued at approximately $1,042,346.13. This trade represents a 47.30% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, EVP Scott Thomas sold 1,300 shares of Cirrus Logic stock in a transaction that occurred on Wednesday, June 3rd. The shares were sold at an average price of $180.04, for a total transaction of $234,052.00. Following the completion of the transaction, the executive vice president owned 31,048 shares of the company’s stock, valued at $5,589,881.92. This represents a 4.02% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. In the last ninety days, insiders have sold 16,631 shares of company stock worth $2,536,629. 1.20% of the stock is owned by corporate insiders.

Cirrus Logic News Roundup

Here are the key news stories impacting Cirrus Logic this week:

• Positive Sentiment: Zacks modestly raised its FY2029 EPS forecast to $8.73 from $8.58, suggesting some longer-term earnings potential despite the broader downgrade cycle. Cirrus Logic analyst estimates
• Neutral Sentiment: The revised FY2027 EPS estimate of $7.47 matches the current consensus forecast, while the company’s most recent quarterly results showed EPS slightly above expectations and revenue growth of 12.9% year over year. However, those results are not the focus of the latest analyst revisions. Cirrus Logic earnings and estimates
• Negative Sentiment: Zacks cut EPS forecasts across multiple periods, including FY2027 to $7.47 from $8.08, FY2028 to $7.75 from $8.53, Q2 2027 to $2.15 from $2.42, Q3 2027 to $2.48 from $2.76, Q1 2028 to $1.40 from $1.50, Q2 2028 to $2.21 from $2.42, Q3 2028 to $2.71 from $3.04, Q4 2028 to $1.42 from $1.56, and Q1 2029 to $1.52 from $1.54. The breadth of the reductions signals weaker expected earnings momentum and is likely the primary reason CRUS shares are decreasing. Zacks Research estimates for Cirrus Logic

Cirrus Logic Stock Performance

Shares of Cirrus Logic stock opened at $108.48 on Friday. The stock has a market capitalization of $5.44 billion, a P/E ratio of 13.28 and a beta of 1.18. Cirrus Logic, Inc. has a 52-week low of $108.12 and a 52-week high of $180.42. The stock’s 50-day simple moving average is $133.85 and its 200 day simple moving average is $147.51.

Cirrus Logic (NASDAQ:CRUS) last issued its earnings results on Wednesday, August 5th. The semiconductor company reported $1.84 earnings per share for the quarter, topping analysts’ consensus estimates of $1.81 by $0.03. The firm had revenue of $459.72 million during the quarter, compared to analyst estimates of $460.32 million. Cirrus Logic had a net margin of 21.00% and a return on equity of 20.61%. The company’s quarterly revenue was up 12.9% on a year-over-year basis. During the same quarter last year, the business earned $1.51 earnings per share. Equities research analysts forecast that Cirrus Logic, Inc. will post 7.32 EPS for the current fiscal year.

Analysts Set New Price Targets

Several analysts have commented on CRUS shares. Jefferies Financial Group raised shares of Cirrus Logic to a “buy” rating in a research report on Thursday, June 4th. KeyCorp decreased their price target on shares of Cirrus Logic from $190.00 to $170.00 and set an “overweight” rating for the company in a research note on Thursday, August 6th. Zacks Research cut shares of Cirrus Logic from a “hold” rating to a “strong sell” rating in a report on Friday, August 14th. Stifel Nicolaus dropped their price objective on Cirrus Logic from $197.00 to $160.00 and set a “buy” rating on the stock in a research note on Thursday, August 6th. Finally, Weiss Ratings reissued a “hold (c+)” rating on shares of Cirrus Logic in a report on Wednesday, June 24th. Five analysts have rated the stock with a Buy rating, three have given a Hold rating and one has assigned a Sell rating to the company. According to MarketBeat.com, the stock presently has an average rating of “Hold” and a consensus target price of $150.71.

Cirrus Logic Company Profile

Cirrus Logic, Inc, headquartered in Austin, Texas, is a fabless semiconductor company specializing in high-precision analog and mixed-signal processing solutions. The firm develops low-power, high-performance audio, voice, and power management integrated circuits, serving prominent consumer electronics OEMs. Its semiconductor devices are designed to enhance audio quality, battery life, and system integration in mobile phones, tablets, wireless headsets and other portable devices.

The company’s product portfolio includes digital-to-analog converters (DACs), analog-to-digital converters (ADCs), audio codecs, power management ICs, voice processors and integrated amplifiers.