AlphaQuest LLC Raises Stock Position in Cirrus Logic, Inc. $CRUS

AlphaQuest LLC increased its holdings in shares of Cirrus Logic, Inc. (NASDAQ:CRUS) by 5,630.8% during the second quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 8,367 shares of the semiconductor company’s stock after purchasing an additional 8,221 shares during the period. AlphaQuest LLC’s holdings in Cirrus Logic were worth $872,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. Sequoia Financial Advisors LLC bought a new position in shares of Cirrus Logic during the second quarter valued at approximately $270,000. Robeco Institutional Asset Management B.V. boosted its stake 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 bought a new position in shares of Cirrus Logic during the first quarter valued at approximately $629,000. United Services Automobile Association bought a new position in shares of Cirrus Logic during the first quarter valued at approximately $358,000. Finally, Strs Ohio bought a new position in shares of Cirrus Logic during the first quarter valued at approximately $1,434,000. 87.96% of the stock is currently owned by institutional investors.

Cirrus Logic Trading Down 0.7%

NASDAQ CRUS opened at $130.60 on Monday. The company has a fifty day simple moving average of $120.88 and a two-hundred day simple moving average of $108.03. The stock has a market cap of $6.70 billion, a P/E ratio of 20.44 and a beta of 1.09. Cirrus Logic, Inc. has a 12-month low of $75.83 and a 12-month high of $132.90.

Cirrus Logic (NASDAQ:CRUS) last posted its quarterly earnings results on Tuesday, August 5th. The semiconductor company reported $1.51 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.07 by $0.44. The business had revenue of $407.27 million during the quarter, compared to analysts’ expectations 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% on a year-over-year basis. During the same quarter last year, the company posted $1.12 earnings per share. Cirrus Logic has set its Q2 2026 guidance at EPS. As a group, sell-side analysts forecast that Cirrus Logic, Inc. will post 5.63 earnings per share for the current year.

Insiders Place Their Bets

In other Cirrus Logic news, EVP Scott Thomas sold 11,089 shares of the firm’s stock in a transaction on Thursday, September 18th. The shares were sold at an average price of $121.49, for a total value of $1,347,202.61. Following the completion of the transaction, the executive vice president owned 26,307 shares of the company’s stock, valued at approximately $3,196,037.43. This trade represents a 29.65% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, EVP Denise Grode sold 2,202 shares of the firm’s stock in a transaction on Monday, September 15th. The stock was 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 directly owned 5,698 shares of the company’s stock, valued at approximately $665,925.26. This represents a 27.87% decrease in their position. The disclosure for this sale can be found here. Over the last quarter, insiders sold 33,187 shares of company stock valued at $3,918,128. Insiders own 1.16% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of equities analysts have recently issued reports on CRUS shares. 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 note on Friday, October 17th. 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 note on Wednesday, October 22nd. Weiss Ratings reiterated a “hold (c)” rating on shares of Cirrus Logic in a research note on Friday. Finally, Wall Street Zen upgraded shares of Cirrus Logic from a “buy” rating to a “strong-buy” rating in a research note on Saturday, October 18th. Four investment analysts have rated the stock with a Buy rating and two have issued a Hold rating to the company. According to MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus price target of $128.00.

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.