Cirrus Logic, Inc. $CRUS Shares Purchased by Franklin Resources Inc.

Franklin Resources Inc. grew its position in shares of Cirrus Logic, Inc. (NASDAQ:CRUS) by 25.6% in the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 189,882 shares of the semiconductor company’s stock after acquiring an additional 38,688 shares during the quarter. Franklin Resources Inc. owned about 0.37% of Cirrus Logic worth $19,796,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also modified their holdings of the company. Hantz Financial Services Inc. increased its position in Cirrus Logic by 1,660.0% during the 2nd quarter. Hantz Financial Services Inc. now owns 264 shares of the semiconductor company’s stock worth $28,000 after purchasing an additional 249 shares in the last quarter. Banque Cantonale Vaudoise purchased a new stake in Cirrus Logic during the first quarter worth approximately $30,000. RMG Wealth Management LLC acquired a new stake in shares of Cirrus Logic in the second quarter worth $30,000. Ameritas Advisory Services LLC acquired a new stake in shares of Cirrus Logic in the second quarter worth $31,000. Finally, Migdal Insurance & Financial Holdings Ltd. purchased a new position in shares of Cirrus Logic in the 2nd quarter valued at $39,000. 87.96% of the stock is owned by institutional investors and hedge funds.

Cirrus Logic Stock Performance

NASDAQ:CRUS opened at $119.77 on Friday. The stock has a market cap of $6.11 billion, a price-to-earnings ratio of 18.74 and a beta of 1.11. Cirrus Logic, Inc. has a one year low of $75.83 and a one year high of $136.92. The business’s 50-day simple moving average is $124.04 and its 200 day simple moving average is $113.02.

Cirrus Logic (NASDAQ:CRUS) last posted its quarterly earnings data 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 return on equity of 18.38% and a net margin of 18.15%.The company had revenue of $560.96 million for the quarter, compared to the consensus estimate of $540.45 million. During the same period in the previous year, the business earned $2.25 EPS. Cirrus Logic’s revenue for the quarter was up 3.5% compared to the same quarter last year. Cirrus Logic has set its Q3 2026 guidance at EPS. On average, equities research analysts predict that Cirrus Logic, Inc. will post 5.63 EPS for the current year.

Analyst Upgrades and Downgrades

A number of analysts recently weighed in on the stock. Wall Street Zen cut shares of Cirrus Logic from a “strong-buy” rating to a “buy” rating in a research report on Saturday, November 8th. Williams Trading set a $150.00 target price on Cirrus Logic in a research report on Wednesday, November 5th. Susquehanna increased their target price on Cirrus Logic from $140.00 to $155.00 and gave the company a “positive” rating in a research note on Wednesday, October 22nd. Benchmark raised their target price on Cirrus Logic from $125.00 to $150.00 and gave the company a “buy” rating in a report on Wednesday, November 5th. Finally, Barclays upped their price target on Cirrus Logic from $90.00 to $95.00 and gave the stock an “equal weight” rating in a 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’s stock. According to MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $141.67.

Insider Activity at Cirrus Logic

In other news, EVP Jeffrey W. Baumgartner sold 9,162 shares of the business’s stock in a transaction dated Wednesday, September 17th. The shares were sold at an average price of $120.00, for a total value of $1,099,440.00. Following the completion of the sale, the executive vice president owned 14,001 shares of the company’s stock, valued at approximately $1,680,120. The trade was a 39.55% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, EVP Scott Thomas sold 734 shares of the company’s stock in a transaction dated Monday, October 20th. The shares were sold at an average price of $131.25, for a total transaction of $96,337.50. Following the completion of the sale, the executive vice president owned 26,307 shares in the company, valued at approximately $3,452,793.75. This trade represents a 2.71% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders have sold a total of 42,100 shares of company stock worth $4,979,310 in the last ninety days. 1.16% of the stock is currently owned by corporate 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.