Impact Partnership Wealth LLC Has $267,000 Stake in Cirrus Logic, Inc. $CRUS

Impact Partnership Wealth LLC increased its position in shares of Cirrus Logic, Inc. (NASDAQ:CRUS) by 27.0% during the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 2,563 shares of the semiconductor company’s stock after buying an additional 545 shares during the period. Impact Partnership Wealth LLC’s holdings in Cirrus Logic were worth $267,000 as of its most recent filing with the Securities and Exchange Commission.

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

Cirrus Logic Stock Performance

CRUS stock opened at $132.55 on Friday. The company’s 50-day simple moving average is $122.46 and its 200 day simple moving average is $109.16. Cirrus Logic, Inc. has a 52 week low of $75.83 and a 52 week high of $136.92. The company has a market capitalization of $6.80 billion, a PE ratio of 20.74 and a beta of 1.09.

Cirrus Logic (NASDAQ:CRUS) last released its quarterly earnings results on Tuesday, August 5th. The semiconductor company reported $1.51 EPS for the quarter, beating the consensus estimate of $1.07 by $0.44. Cirrus Logic had a net margin of 18.15% and a return on equity of 18.38%. The business had revenue of $407.27 million for the quarter, compared to the consensus estimate of $361.97 million. During the same period in the prior year, the company posted $1.12 earnings per share. Cirrus Logic’s revenue was up 8.9% compared to the same quarter last year. Cirrus Logic has set its Q2 2026 guidance at EPS. On average, analysts forecast that Cirrus Logic, Inc. will post 5.63 EPS for the current year.

Insider Activity at Cirrus Logic

In related news, EVP Jeffrey W. Baumgartner sold 10,000 shares of the company’s stock in a transaction dated Tuesday, September 2nd. The shares were sold at an average price of $111.78, for a total value of $1,117,800.00. Following the transaction, the executive vice president directly owned 14,001 shares in the company, valued at approximately $1,565,031.78. This represents a 41.66% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, EVP Denise Grode sold 2,202 shares of the company’s stock in a transaction dated Monday, September 15th. The shares were sold at an average price of $116.87, for a total transaction of $257,347.74. Following the completion of the transaction, the executive vice president owned 5,698 shares in the company, valued at $665,925.26. This trade represents a 27.87% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Over the last three months, insiders have sold 33,187 shares of company stock worth $3,918,128. Corporate insiders own 1.16% of the company’s stock.

Analysts Set New Price Targets

Several brokerages have recently weighed in on CRUS. Wall Street Zen raised shares of Cirrus Logic from a “buy” rating to a “strong-buy” rating in a research report on Saturday, October 18th. Susquehanna increased their price objective on shares of Cirrus Logic from $140.00 to $155.00 and gave the company a “positive” rating in a research report on Wednesday, October 22nd. Zacks Research raised shares of Cirrus Logic from a “hold” rating to a “strong-buy” rating in a research report on Monday. Weiss Ratings reissued a “hold (c)” rating on shares of Cirrus Logic in a research report on Wednesday, October 8th. Finally, Stifel Nicolaus increased their price objective on shares of Cirrus Logic from $130.00 to $140.00 and gave the company a “buy” rating in a research report on Friday, October 17th. 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. According to data from MarketBeat.com, Cirrus Logic has a consensus rating of “Moderate Buy” and a consensus target price of $128.00.

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.