Illinois Municipal Retirement Fund Raises Stock Holdings in Cirrus Logic, Inc. $CRUS

Illinois Municipal Retirement Fund grew its position in shares of Cirrus Logic, Inc. (NASDAQ:CRUS) by 19.0% in the first quarter, according to its most recent filing with the SEC. The fund owned 39,136 shares of the semiconductor company’s stock after acquiring an additional 6,243 shares during the quarter. Illinois Municipal Retirement Fund owned about 0.08% of Cirrus Logic worth $5,660,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also recently modified their holdings of the business. Geneos Wealth Management Inc. lifted its position in Cirrus Logic by 120.0% during the first quarter. Geneos Wealth Management Inc. now owns 220 shares of the semiconductor company’s stock valued at $32,000 after purchasing an additional 120 shares during the last quarter. Caitong International Asset Management Co. Ltd increased its holdings in shares of Cirrus Logic by 7,333.3% in the 4th quarter. Caitong International Asset Management Co. Ltd now owns 223 shares of the semiconductor company’s stock worth $26,000 after buying an additional 220 shares during the last quarter. Kohmann Bosshard Financial Services LLC bought a new stake in shares of Cirrus Logic in the 4th quarter worth about $33,000. Torren Management LLC purchased a new stake in shares of Cirrus Logic during the 4th quarter valued at about $35,000. Finally, Kestra Advisory Services LLC purchased a new stake in shares of Cirrus Logic during the 4th quarter valued at about $36,000. 87.96% of the stock is owned by hedge funds and other institutional investors.

More Cirrus Logic News

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

• Positive Sentiment: Zacks said Cirrus Logic has an impressive earnings surprise track record and appears positioned for another potential earnings beat, which could lift sentiment ahead of the next report. Article Title
• Positive Sentiment: KeyCorp kept an Overweight rating on Cirrus Logic and a $190 price target, signaling continued analyst confidence in the stock’s upside.
• Positive Sentiment: KeyCorp raised its Q1 2027 EPS estimate to $1.45 from $0.72, suggesting a stronger start to that fiscal year than previously expected.
• Neutral Sentiment: KeyCorp also updated a series of forward estimates for Cirrus Logic, leaving FY2028 EPS at $7.61 and FY2027 at $7.31, which provides more detail on the company’s long-term earnings path but is not clearly a near-term catalyst.
• Negative Sentiment: KeyCorp lowered several other period estimates, including Q2 2027, Q3 2027, Q4 2027, and FY2027 EPS, which may temper enthusiasm around the durability of earnings growth.
• Negative Sentiment: A Seeking Alpha piece titled Cirrus Logic’s Price Correction points to recent weakness or valuation pressure, which may have contributed to some caution around the shares. Article Title

Cirrus Logic Trading Up 0.7%

Shares of NASDAQ:CRUS opened at $137.98 on Friday. Cirrus Logic, Inc. has a 12 month low of $92.02 and a 12 month high of $180.42. The company has a market capitalization of $6.96 billion, a price-to-earnings ratio of 17.60 and a beta of 1.17. The firm’s 50-day moving average is $159.34 and its 200 day moving average is $147.80.

Cirrus Logic (NASDAQ:CRUS) last announced its quarterly earnings data on Wednesday, May 6th. The semiconductor company reported $1.95 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.76 by $0.19. Cirrus Logic had a net margin of 20.75% and a return on equity of 20.48%. The business had revenue of $448.52 million during the quarter, compared to the consensus estimate of $442.25 million. During the same quarter last year, the firm earned $1.67 earnings per share. The firm’s quarterly revenue was up 5.7% compared to the same quarter last year. As a group, equities analysts forecast that Cirrus Logic, Inc. will post 7.86 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

Several research firms recently commented on CRUS. Stifel Nicolaus set a $197.00 price target on Cirrus Logic in a research report on Thursday, May 7th. Jefferies Financial Group upgraded Cirrus Logic to a “buy” rating in a research report on Thursday, June 4th. Weiss Ratings reaffirmed a “hold (c+)” rating on shares of Cirrus Logic in a research note on Wednesday, June 24th. KeyCorp dropped their target price on Cirrus Logic from $200.00 to $190.00 and set an “overweight” rating for the company in a report on Tuesday. Finally, Barclays boosted their target price on Cirrus Logic from $120.00 to $140.00 and gave the company an “equal weight” rating in a research report on Thursday, May 7th. Five equities research analysts have rated the stock with a Buy rating and four have issued a Hold rating to the company. According to MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average target price of $160.29.

Insider Transactions 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 stock was sold at an average price of $144.71, for a total transaction of $935,405.44. Following the completion of the sale, 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 sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, EVP Scott Thomas sold 1,300 shares of the business’s stock in a transaction on Wednesday, June 3rd. The shares were sold at an average price of $180.04, for a total value of $234,052.00. Following the transaction, the executive vice president owned 31,048 shares of the company’s stock, valued at approximately $5,589,881.92. The trade was a 4.02% decrease in their position. The SEC filing for this sale provides additional information. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. In the last 90 days, insiders sold 22,299 shares of company stock valued at $3,581,647. Company insiders own 1.20% of the company’s stock.

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.