Cirrus Logic, Inc. $CRUS Shares Acquired by KLP Kapitalforvaltning AS

KLP Kapitalforvaltning AS increased its position in Cirrus Logic, Inc. (NASDAQ:CRUS) by 3.8% in the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 18,900 shares of the semiconductor company’s stock after buying an additional 700 shares during the period. KLP Kapitalforvaltning AS’s holdings in Cirrus Logic were worth $1,970,000 as of its most recent SEC filing.

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

Analyst Upgrades and Downgrades

CRUS has been the subject of a number of recent analyst reports. Wall Street Zen downgraded shares of Cirrus Logic from a “strong-buy” rating to a “buy” rating in a report on Monday, August 11th. Stifel Nicolaus boosted their target price on shares of Cirrus Logic from $120.00 to $130.00 and gave the company a “buy” rating in a report on Friday, September 12th. Finally, Weiss Ratings reissued a “hold (c)” rating on shares of Cirrus Logic in a research report on Wednesday, October 8th. Four research analysts have rated the stock with a Buy rating and two have issued a Hold rating to the stock. According to data from MarketBeat, Cirrus Logic has an average rating of “Moderate Buy” and an average target price of $123.00.

Cirrus Logic Stock Down 7.3%

Cirrus Logic stock opened at $115.68 on Monday. Cirrus Logic, Inc. has a 52-week low of $75.83 and a 52-week high of $129.56. The firm has a fifty day moving average of $116.74 and a 200-day moving average of $105.45. The firm has a market capitalization of $5.94 billion, a P/E ratio of 18.10 and a beta of 1.09.

Cirrus Logic (NASDAQ:CRUS) last released its quarterly earnings data on Tuesday, August 5th. The semiconductor company reported $1.51 earnings per share (EPS) for the quarter, topping 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 company had revenue of $407.27 million during the quarter, compared to analyst estimates of $361.97 million. During the same quarter in the prior year, the business earned $1.12 earnings per share. The business’s quarterly revenue was up 8.9% compared to the same quarter last year. 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.

About Cirrus Logic

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.