Cirrus Logic, Inc. $CRUS Stock Holdings Lessened by Grantham Mayo Van Otterloo & Co. LLC

Grantham Mayo Van Otterloo & Co. LLC trimmed its position in shares of Cirrus Logic, Inc. (NASDAQ:CRUS - Free Report) by 10.7% in the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 370,348 shares of the semiconductor company's stock after selling 44,301 shares during the quarter. Grantham Mayo Van Otterloo & Co. LLC owned approximately 0.72% of Cirrus Logic worth $38,611,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

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Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in CRUS. Avantax Advisory Services Inc. grew its position in Cirrus Logic by 34.8% in the first quarter. Avantax Advisory Services Inc. now owns 18,994 shares of the semiconductor company's stock worth $1,893,000 after acquiring an additional 4,899 shares in the last quarter. Cetera Investment Advisers lifted its stake in shares of Cirrus Logic by 74.3% in the 1st quarter. Cetera Investment Advisers now owns 4,824 shares of the semiconductor company's stock valued at $481,000 after purchasing an additional 2,057 shares during the last quarter. Zurcher Kantonalbank Zurich Cantonalbank boosted its holdings in Cirrus Logic by 3.8% in the first quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 14,796 shares of the semiconductor company's stock worth $1,474,000 after purchasing an additional 548 shares in the last quarter. LPL Financial LLC increased its position in Cirrus Logic by 20.2% during the first quarter. LPL Financial LLC now owns 16,026 shares of the semiconductor company's stock worth $1,597,000 after buying an additional 2,698 shares during the last quarter. Finally, Picton Mahoney Asset Management increased its position in Cirrus Logic by 51,387.5% during the first quarter. Picton Mahoney Asset Management now owns 4,119 shares of the semiconductor company's stock worth $410,000 after buying an additional 4,111 shares during the last quarter. Institutional investors own 87.96% of the company's stock.

Wall Street Analysts Forecast Growth

Several research firms have recently issued reports on CRUS. Wall Street Zen downgraded Cirrus Logic from a "strong-buy" rating to a "buy" rating in a research note on Saturday, November 8th. Barclays lifted their price target on shares of Cirrus Logic from $90.00 to $95.00 and gave the company an "equal weight" rating in a research report on Wednesday, November 5th. KeyCorp upped their price objective on shares of Cirrus Logic from $135.00 to $150.00 and gave the stock an "overweight" rating in a report on Wednesday, November 5th. Weiss Ratings reissued a "hold (c+)" rating on shares of Cirrus Logic in a research report on Tuesday. Finally, Susquehanna lifted their price target on Cirrus Logic from $140.00 to $155.00 and gave the stock a "positive" rating in a research report on Wednesday, October 22nd. One 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. Based on data from MarketBeat, the stock has an average rating of "Moderate Buy" and a consensus price target of $141.67.

• Cirrus Logic Upgraded After Q3 Earnings Beat—More Gains Ahead?

View Our Latest Stock Report on Cirrus Logic

Insider Buying and Selling

In related news, EVP Andrew Brannan sold 8,913 shares of the stock in a transaction dated Friday, November 14th. The shares were sold at an average price of $119.06, for a total transaction of $1,061,181.78. Following the completion of the sale, the executive vice president owned 5,950 shares in the company, valued at $708,407. This trade represents a 59.97% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. Also, EVP Scott Thomas sold 11,089 shares of Cirrus Logic stock in a transaction dated Thursday, September 18th. The shares were 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 of the company's stock, valued at $3,196,037.43. This represents a 29.65% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold a total of 42,100 shares of company stock valued at $4,979,310 in the last ninety days. Insiders own 1.16% of the company's stock.

Cirrus Logic Price Performance

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CRUS opened at $119.77 on Friday. Cirrus Logic, Inc. has a fifty-two week low of $75.83 and a fifty-two week high of $136.92. The company has a market capitalization of $6.11 billion, a P/E ratio of 18.74 and a beta of 1.11. The firm's fifty day moving average price is $124.04 and its two-hundred day moving average price is $113.02.

Cirrus Logic (NASDAQ:CRUS - Get Free Report) last issued its earnings results on Tuesday, November 4th. The semiconductor company reported $2.83 earnings per share for the quarter, beating the consensus estimate of $2.32 by $0.51. Cirrus Logic had a net margin of 18.15% and a return on equity of 18.38%. The business had revenue of $560.96 million for the quarter, compared to analyst estimates of $540.45 million. During the same period in the previous year, the business earned $2.25 EPS. The firm's revenue was up 3.5% on a year-over-year basis. Cirrus Logic has set its Q3 2026 guidance at EPS. On average, equities research analysts expect that Cirrus Logic, Inc. will post 5.63 EPS for the current fiscal year.

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.

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