4,987 Shares in Cirrus Logic, Inc. $CRUS Acquired by AXQ Capital LP

AXQ Capital LP purchased a new position in shares of Cirrus Logic, Inc. (NASDAQ:CRUS) in the fourth quarter, Holdings Channel reports. The fund purchased 4,987 shares of the semiconductor company’s stock, valued at approximately $591,000.

Other institutional investors and hedge funds have also bought and sold shares of the company. Kohmann Bosshard Financial Services LLC acquired a new position in Cirrus Logic during the fourth quarter valued at $33,000. Torren Management LLC acquired a new stake in Cirrus Logic during the 4th quarter worth about $35,000. Abich Financial Wealth Management LLC purchased a new position in shares of Cirrus Logic during the 3rd quarter valued at about $46,000. Rothschild Investment LLC acquired a new position in shares of Cirrus Logic in the 3rd quarter valued at about $48,000. Finally, Geneos Wealth Management Inc. lifted its holdings in shares of Cirrus Logic by 95.1% in the 1st quarter. Geneos Wealth Management Inc. now owns 476 shares of the semiconductor company’s stock valued at $47,000 after buying an additional 232 shares during the period. 87.96% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

Several research firms recently commented on CRUS. KeyCorp raised their target price on Cirrus Logic from $175.00 to $200.00 and gave the stock an “overweight” rating in a report on Thursday, May 7th. Zacks Research lowered Cirrus Logic from a “strong-buy” rating to a “hold” rating in a research report on Monday, April 27th. Stifel Nicolaus set a $197.00 price objective on shares of Cirrus Logic in a research note on Thursday, May 7th. Barclays lifted their target price on shares of Cirrus Logic from $120.00 to $140.00 and gave the company an “equal weight” rating in a report on Thursday, May 7th. Finally, Weiss Ratings reiterated a “hold (c+)” rating on shares of Cirrus Logic in a research note on Friday, March 27th. Four analysts have rated the stock with a Buy rating and four have given a Hold rating to the stock. According to data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $161.71.

Cirrus Logic Trading Up 4.9%

NASDAQ:CRUS opened at $178.90 on Thursday. The stock has a 50 day moving average of $162.32 and a two-hundred day moving average of $140.43. Cirrus Logic, Inc. has a 12 month low of $92.02 and a 12 month high of $180.42. The firm has a market cap of $9.05 billion, a P/E ratio of 22.82 and a beta of 1.15.

Cirrus Logic (NASDAQ:CRUS) last issued its quarterly earnings results on Wednesday, May 6th. The semiconductor company reported $1.95 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.76 by $0.19. Cirrus Logic had a return on equity of 20.48% and a net margin of 20.75%.The firm had revenue of $448.52 million for the quarter, compared to analyst estimates of $442.26 million. During the same period in the previous year, the company posted $1.67 earnings per share. The business’s revenue was up 5.7% on a year-over-year basis. On average, research analysts forecast that Cirrus Logic, Inc. will post 8.05 earnings per share for the current year.

Insider Transactions at Cirrus Logic

In other Cirrus Logic news, Director Alexander M. Davern sold 1,000 shares of Cirrus Logic stock in a transaction on Wednesday, May 20th. The shares were sold at an average price of $159.00, for a total transaction of $159,000.00. Following the sale, the director owned 20,531 shares of the company’s stock, valued at $3,264,429. The trade was a 4.64% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, EVP Justin E. Dougherty sold 2,000 shares of the company’s stock in a transaction on Thursday, May 21st. The stock was sold at an average price of $166.50, for a total transaction of $333,000.00. Following the sale, the executive vice president directly owned 4,537 shares of the company’s stock, valued at $755,410.50. The trade was a 30.60% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Over the last quarter, insiders have sold 17,942 shares of company stock worth $2,935,864. Company insiders own 1.16% of the company’s stock.

Trending Headlines about Cirrus Logic

Here are the key news stories impacting Cirrus Logic this week:

• Positive Sentiment: Zacks Research lifted its earnings outlook for multiple periods, including FY2027 to $8.08 per share and FY2028 to $8.53 per share, signaling improved long-term profit expectations for Cirrus Logic. Cirrus Logic analyst estimate updates
• Positive Sentiment: Forecasts for Q1 2028, Q3 2028, and Q4 2028 were also raised, including a bump in Q3 2028 EPS to $3.04 from $2.72, reinforcing a more favorable earnings trend. Cirrus Logic analyst estimate updates
• Neutral Sentiment: Zacks Research maintained a Hold rating, so the updates are constructive but not a full bullish upgrade. Cirrus Logic analyst estimate updates
• Negative Sentiment: Not all revisions were positive: Zacks trimmed its Q2 2027 and Q2 2028 EPS estimates and slightly lowered Q3 2027, which tempers the otherwise upbeat outlook. Cirrus Logic analyst estimate updates

Cirrus Logic Profile

Cirrus Logic, Inc, headquartered in Austin, Texas, is a fabless semiconductor company specializing in high-precision analog and mixed-signal processing solutions. The firm develops low-power, high-performance audio, voice, and power management integrated circuits, serving prominent consumer electronics OEMs. Its semiconductor devices are designed to enhance audio quality, battery life, and system integration in mobile phones, tablets, wireless headsets and other portable devices.

The company’s product portfolio includes digital-to-analog converters (DACs), analog-to-digital converters (ADCs), audio codecs, power management ICs, voice processors and integrated amplifiers.