Cirrus Logic, Inc. $CRUS Position Boosted by Jupiter Asset Management Ltd.

Jupiter Asset Management Ltd. lifted its stake in Cirrus Logic, Inc. (NASDAQ:CRUS) by 59.8% in the second quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 460,580 shares of the semiconductor company’s stock after purchasing an additional 172,312 shares during the quarter. Jupiter Asset Management Ltd. owned 0.90% of Cirrus Logic worth $48,018,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Hantz Financial Services Inc. lifted its position in Cirrus Logic by 1,660.0% in the 2nd quarter. Hantz Financial Services Inc. now owns 264 shares of the semiconductor company’s stock worth $28,000 after buying an additional 249 shares in the last quarter. Banque Cantonale Vaudoise purchased a new stake in shares of Cirrus Logic during the first quarter worth $30,000. RMG Wealth Management LLC acquired a new stake in Cirrus Logic during the second quarter valued at $30,000. Ameritas Advisory Services LLC purchased a new position in Cirrus Logic in the second quarter valued at about $31,000. Finally, Migdal Insurance & Financial Holdings Ltd. acquired a new position in Cirrus Logic in the 2nd quarter worth about $39,000. 87.96% of the stock is owned by hedge funds and other institutional investors.

Cirrus Logic Price Performance

CRUS stock opened at $120.40 on Wednesday. The company has a 50-day moving average of $123.76 and a two-hundred day moving average of $111.48. The stock has a market capitalization of $6.14 billion, a price-to-earnings ratio of 18.84 and a beta of 1.11. Cirrus Logic, Inc. has a 52-week low of $75.83 and a 52-week high of $136.92.

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

Insider Activity

In other Cirrus Logic news, EVP Jeffrey W. Baumgartner sold 9,162 shares of the stock in a transaction on Wednesday, September 17th. The shares were sold at an average price of $120.00, for a total value of $1,099,440.00. Following the completion of the sale, the executive vice president directly owned 14,001 shares of the company’s stock, valued at $1,680,120. This represents a 39.55% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, EVP Scott Thomas sold 734 shares of the firm’s stock in a transaction on Monday, October 20th. The stock was sold at an average price of $131.25, for a total transaction of $96,337.50. Following the completion of the sale, the executive vice president owned 26,307 shares in the company, valued at $3,452,793.75. This represents a 2.71% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Over the last three months, insiders sold 33,187 shares of company stock valued at $3,918,128. 1.16% of the stock is owned by company insiders.

Wall Street Analysts Forecast Growth

Several brokerages recently commented on CRUS. Stifel Nicolaus boosted their price target on Cirrus Logic from $140.00 to $150.00 and gave the company a “buy” rating in a research note on Wednesday, November 5th. KeyCorp boosted their target price on shares of Cirrus Logic from $135.00 to $150.00 and gave the stock an “overweight” rating in a research report on Wednesday, November 5th. Susquehanna increased their price target on shares of Cirrus Logic from $140.00 to $155.00 and gave the stock a “positive” rating in a research note on Wednesday, October 22nd. Williams Trading set a $150.00 price objective on shares of Cirrus Logic in a research note on Wednesday, November 5th. Finally, Barclays increased their target price on shares of Cirrus Logic from $90.00 to $95.00 and gave the stock an “equal weight” rating in a research report on Wednesday, November 5th. 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 company’s stock. According to data from MarketBeat, Cirrus Logic currently has an average rating of “Moderate Buy” and an average price target of $141.67.

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.