Parkside Financial Bank & Trust Acquires 476 Shares of Cirrus Logic, Inc. $CRUS

Parkside Financial Bank & Trust grew its stake in shares of Cirrus Logic, Inc. (NASDAQ:CRUS) by 267.4% during the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 654 shares of the semiconductor company’s stock after buying an additional 476 shares during the period. Parkside Financial Bank & Trust’s holdings in Cirrus Logic were worth $68,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds have also recently modified their holdings of the stock. Sequoia Financial Advisors LLC purchased a new stake in Cirrus Logic in the 2nd quarter worth $270,000. Robeco Institutional Asset Management B.V. grew its position in shares of Cirrus Logic by 72.2% during the second quarter. Robeco Institutional Asset Management B.V. now owns 298,512 shares of the semiconductor company’s stock valued at $31,121,000 after purchasing an additional 125,207 shares in the last quarter. Integrated Wealth Concepts LLC purchased a new position in shares of Cirrus Logic during the first quarter valued at about $629,000. Strs Ohio bought a new stake in shares of Cirrus Logic in the first quarter worth about $1,434,000. Finally, United Services Automobile Association purchased a new stake in shares of Cirrus Logic in the first quarter worth about $358,000. Hedge funds and other institutional investors own 87.96% of the company’s stock.

Insider Buying and Selling at Cirrus Logic

In other Cirrus Logic news, EVP Scott Thomas sold 11,089 shares of the business’s stock in a transaction that occurred on Thursday, September 18th. The stock was sold at an average price of $121.49, for a total transaction of $1,347,202.61. Following the completion of the transaction, the executive vice president owned 26,307 shares in the company, valued at $3,196,037.43. The trade was a 29.65% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, EVP Denise Grode sold 2,202 shares of the stock in a transaction that occurred on Monday, September 15th. The stock was sold at an average price of $116.87, for a total value of $257,347.74. Following the completion of the sale, the executive vice president owned 5,698 shares in the company, valued at approximately $665,925.26. The trade was a 27.87% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold 33,187 shares of company stock worth $3,918,128 over the last 90 days. Company insiders own 1.16% of the company’s stock.

Wall Street Analyst Weigh In

Several equities analysts have weighed in on the company. Weiss Ratings restated a “hold (c)” rating on shares of Cirrus Logic in a report on Wednesday, October 8th. KeyCorp boosted their price target 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. Zacks Research upgraded shares of Cirrus Logic from a “hold” rating to a “strong-buy” rating in a research report on Monday, October 27th. Stifel Nicolaus boosted their target price on shares of Cirrus Logic from $140.00 to $150.00 and gave the stock a “buy” rating in a report on Wednesday, November 5th. Finally, Williams Trading set a $150.00 target price on shares of Cirrus Logic in a research report on Wednesday, November 5th. One equities research analyst has rated the stock with a Strong Buy rating, four have given a Buy rating and two have issued a Hold rating to the company. According to MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus target price of $141.67.

Cirrus Logic Stock Up 1.4%

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

Cirrus Logic (NASDAQ:CRUS) last released its earnings results on Tuesday, November 4th. The semiconductor company reported $2.83 earnings per share (EPS) for the quarter, topping 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 firm had revenue of $560.96 million during the quarter, compared to analyst estimates of $540.45 million. During the same quarter last year, the business earned $2.25 EPS. The business’s revenue was up 3.5% on a year-over-year basis. Cirrus Logic has set its Q3 2026 guidance at EPS. Equities research analysts anticipate that Cirrus Logic, Inc. will post 5.63 EPS for the current 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.