Cirrus Logic, Inc. $CRUS Stake Trimmed by Mirae Asset Global Investments Co. Ltd.

Mirae Asset Global Investments Co. Ltd. cut its position in shares of Cirrus Logic, Inc. (NASDAQ:CRUS) by 85.8% in the third quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 11,107 shares of the semiconductor company’s stock after selling 66,956 shares during the quarter. Mirae Asset Global Investments Co. Ltd.’s holdings in Cirrus Logic were worth $1,392,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors also recently made changes to their positions in CRUS. Hantz Financial Services Inc. raised its holdings in shares of 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 acquiring an additional 249 shares during the period. RMG Wealth Management LLC acquired a new stake in Cirrus Logic during the 2nd quarter valued at $30,000. Ameritas Advisory Services LLC purchased a new stake in shares of Cirrus Logic in the second quarter valued at $31,000. Migdal Insurance & Financial Holdings Ltd. purchased a new stake in shares of Cirrus Logic in the second quarter valued at $39,000. Finally, Geneos Wealth Management Inc. boosted its position in shares of Cirrus Logic by 95.1% in the first quarter. Geneos Wealth Management Inc. now owns 476 shares of the semiconductor company’s stock worth $47,000 after buying an additional 232 shares during the period. 87.96% of the stock is currently owned by institutional investors and hedge funds.

Insider Activity at Cirrus Logic

In related news, EVP Andrew Brannan sold 8,913 shares of the firm’s stock in a transaction that occurred on Friday, November 14th. The stock was sold at an average price of $119.06, for a total value of $1,061,181.78. Following the transaction, the executive vice president directly owned 5,950 shares of the company’s stock, valued at approximately $708,407. This trade represents a 59.97% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. Corporate insiders own 1.16% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of equities research analysts have commented on the company. Stifel Nicolaus raised their price objective on Cirrus Logic from $150.00 to $163.00 and gave the stock a “buy” rating in a research report on Wednesday. Benchmark boosted their price objective on shares of Cirrus Logic from $150.00 to $160.00 and gave the company a “buy” rating in a research report on Wednesday. Susquehanna increased their target price 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. Weiss Ratings reissued a “hold (c+)” rating on shares of Cirrus Logic in a research note on Monday, December 29th. Finally, Williams Trading set a $150.00 price target on shares of Cirrus Logic in a research note on Wednesday, November 5th. One equities research analyst has rated the stock with a Strong Buy rating, four have given a Buy rating and three have assigned a Hold rating to the company. According to MarketBeat.com, Cirrus Logic currently has an average rating of “Moderate Buy” and a consensus target price of $145.43.

Cirrus Logic Stock Up 8.3%

Shares of CRUS opened at $134.91 on Thursday. The firm has a market cap of $6.88 billion, a price-to-earnings ratio of 17.77 and a beta of 1.12. The company’s fifty day moving average is $123.54 and its 200-day moving average is $119.75. Cirrus Logic, Inc. has a 12 month low of $75.83 and a 12 month high of $144.24.

Cirrus Logic (NASDAQ:CRUS) last released its quarterly earnings data on Tuesday, February 3rd. The semiconductor company reported $2.97 earnings per share (EPS) for the quarter, beating the consensus estimate of $2.37 by $0.60. The business had revenue of $580.62 million during the quarter, compared to analyst estimates of $531.43 million. Cirrus Logic had a net margin of 20.47% and a return on equity of 20.74%. Cirrus Logic’s quarterly revenue was up 4.5% compared to the same quarter last year. During the same quarter in the previous year, the business earned $2.51 EPS. As a group, research analysts predict that Cirrus Logic, Inc. will post 5.63 earnings per share for the current fiscal year.

More Cirrus Logic News

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

• Positive Sentiment: Q3 results: Cirrus reported $2.97 EPS vs. consensus ~$2.37 and revenue of $580.6M (above estimates), with management citing smartphone demand and a favorable device mix — the core reason shares rallied. Zacks: Q3 Earnings & Revenues Surpass Estimates
• Positive Sentiment: Guidance upside: Management provided Q4 revenue guidance ($410M–$470M) that topped Street expectations (~$383.7M), which investors interpreted as durable demand into the next quarter. Seeking Alpha: Q4 Guidance Dwarfs Expectations
• Positive Sentiment: Analyst upgrades/price-target increases: Stifel raised its target to $163 (buy) and Benchmark to $160 after the quarter, providing momentum and signaling institutional confidence in forward outlook. The Fly / Benzinga: Price Targets Raised
• Neutral Sentiment: Investor and media coverage: Multiple transcripts, conference-call coverage and commentary (including a video highlighting ties to Apple) are amplifying the beat/guidance narrative but mostly reiterate the same drivers (smartphone exposure, device mix). These items support visibility rather than change fundamentals. YouTube: Overlooked Stock: CRUS Earnings Rally & Ties to AAPL
• Negative Sentiment: Mixed analyst view: Loop Capital recently downgraded CRUS to Hold, a cautionary note that some firms see limited near-term upside despite the beat — a potential headwind if guidance or demand signals weaken. American Banking News: Loop Capital Downgrades to Hold

About Cirrus Logic

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.