Robeco Institutional Asset Management B.V. Increases Position in Cirrus Logic, Inc. $CRUS

Robeco Institutional Asset Management B.V. lifted its position in shares of Cirrus Logic, Inc. (NASDAQ:CRUS) by 72.2% during the 2nd quarter, HoldingsChannel.com reports. The institutional investor owned 298,512 shares of the semiconductor company’s stock after buying an additional 125,207 shares during the quarter. Robeco Institutional Asset Management B.V.’s holdings in Cirrus Logic were worth $31,121,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also recently bought and sold shares of the stock. Somerset Trust Co increased its position in Cirrus Logic by 3.5% during the second quarter. Somerset Trust Co now owns 3,292 shares of the semiconductor company’s stock worth $343,000 after purchasing an additional 110 shares during the last quarter. May Hill Capital LLC increased its position in Cirrus Logic by 5.4% during the first quarter. May Hill Capital LLC now owns 2,220 shares of the semiconductor company’s stock worth $221,000 after purchasing an additional 113 shares during the last quarter. Farther Finance Advisors LLC increased its position in Cirrus Logic by 4.3% during the second quarter. Farther Finance Advisors LLC now owns 2,806 shares of the semiconductor company’s stock worth $293,000 after purchasing an additional 116 shares during the last quarter. Public Employees Retirement System of Ohio increased its position in Cirrus Logic by 0.7% during the second quarter. Public Employees Retirement System of Ohio now owns 18,431 shares of the semiconductor company’s stock worth $1,922,000 after purchasing an additional 122 shares during the last quarter. Finally, Beverly Hills Private Wealth LLC increased its position in Cirrus Logic by 3.7% during the first quarter. Beverly Hills Private Wealth LLC now owns 3,440 shares of the semiconductor company’s stock worth $343,000 after purchasing an additional 124 shares during the last quarter. Institutional investors and hedge funds own 87.96% of the company’s stock.

Analyst Upgrades and Downgrades

CRUS has been the subject of several research analyst reports. Weiss Ratings reaffirmed a “hold (c)” rating on shares of Cirrus Logic in a research report on Saturday, September 27th. Stifel Nicolaus increased their price objective on shares of Cirrus Logic from $120.00 to $130.00 and gave the stock a “buy” rating in a research report on Friday, September 12th. Finally, Wall Street Zen lowered shares of Cirrus Logic from a “strong-buy” rating to a “buy” rating in a research report on Monday, August 11th. Four research analysts have rated the stock with a Buy rating and two have issued a Hold rating to the company. According to MarketBeat.com, Cirrus Logic has an average rating of “Moderate Buy” and a consensus target price of $123.00.

Cirrus Logic Stock Up 0.4%

Cirrus Logic stock opened at $127.16 on Friday. The firm has a market capitalization of $6.53 billion, a P/E ratio of 19.90 and a beta of 1.09. The firm has a fifty day moving average of $114.68 and a 200-day moving average of $104.64. Cirrus Logic, Inc. has a 52-week low of $75.83 and a 52-week high of $129.07.

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

Insider Activity

In other news, EVP Jeffrey W. Baumgartner sold 10,000 shares of the company’s stock in a transaction on 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 completion of 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 sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, EVP Denise Grode sold 2,202 shares of the company’s stock in a transaction on 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 of the company’s stock, valued at $665,925.26. This trade represents a 27.87% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last three months, insiders sold 32,453 shares of company stock worth $3,821,790. 1.16% of the stock is currently owned by company insiders.

Cirrus Logic Company 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.