Yousif Capital Management LLC Sells 389 Shares of Cirrus Logic, Inc. $CRUS

Yousif Capital Management LLC decreased its position in Cirrus Logic, Inc. (NASDAQ:CRUS) by 2.1% during the 2nd quarter, according to its most recent filing with the SEC. The institutional investor owned 17,819 shares of the semiconductor company’s stock after selling 389 shares during the period. Yousif Capital Management LLC’s holdings in Cirrus Logic were worth $1,858,000 as of its most recent filing with the SEC.

Several other institutional investors have also recently made changes to their positions in CRUS. Banque Cantonale Vaudoise acquired a new position in shares of Cirrus Logic during the 1st quarter worth approximately $30,000. RMG Wealth Management LLC acquired a new position in shares of Cirrus Logic during the 2nd quarter worth approximately $30,000. Ameritas Advisory Services LLC acquired a new position in shares of Cirrus Logic during the 2nd quarter worth approximately $31,000. Geneos Wealth Management Inc. increased its holdings in shares of Cirrus Logic by 95.1% during the 1st quarter. Geneos Wealth Management Inc. now owns 476 shares of the semiconductor company’s stock worth $47,000 after acquiring an additional 232 shares during the last quarter. Finally, N.E.W. Advisory Services LLC acquired a new position in shares of Cirrus Logic during the 1st quarter worth approximately $50,000. Institutional investors and hedge funds own 87.96% of the company’s stock.

Cirrus Logic Stock Performance

CRUS opened at $126.15 on Friday. The firm has a market cap of $6.48 billion, a P/E ratio of 19.74 and a beta of 1.09. Cirrus Logic, Inc. has a 52-week low of $75.83 and a 52-week high of $129.56. The business’s fifty day moving average is $118.77 and its 200-day moving average is $106.22.

Cirrus Logic (NASDAQ:CRUS) last released its earnings results 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. The company had revenue of $407.27 million for the quarter, compared to analyst estimates of $361.97 million. Cirrus Logic had a return on equity of 18.38% and a net margin of 18.15%.Cirrus Logic’s quarterly revenue was up 8.9% on a year-over-year basis. During the same period in the prior year, the firm posted $1.12 EPS. Cirrus Logic has set its Q2 2026 guidance at EPS. On average, research analysts predict that Cirrus Logic, Inc. will post 5.63 earnings per share for the current fiscal year.

Insider Transactions at Cirrus Logic

In related news, EVP Jeffrey W. Baumgartner sold 9,162 shares of the company’s stock in a transaction on Wednesday, September 17th. The stock was sold at an average price of $120.00, for a total transaction of $1,099,440.00. Following the completion of the sale, the executive vice president directly owned 14,001 shares in the company, valued at $1,680,120. This represents a 39.55% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, EVP Scott Thomas sold 11,089 shares of the company’s stock in a transaction on Thursday, September 18th. The stock was sold at an average price of $121.49, for a total value of $1,347,202.61. Following the sale, the executive vice president owned 26,307 shares of the company’s stock, valued at approximately $3,196,037.43. This represents a 29.65% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last three months, insiders have sold 32,453 shares of company stock valued at $3,821,790. 1.16% of the stock is owned by corporate insiders.

Analyst Ratings Changes

A number of research analysts recently weighed in on the company. Wall Street Zen raised Cirrus Logic from a “buy” rating to a “strong-buy” rating in a report on Saturday. Stifel Nicolaus boosted their target price on Cirrus Logic from $130.00 to $140.00 and gave the stock a “buy” rating in a report on Friday. Finally, Weiss Ratings reissued a “hold (c)” rating on shares of Cirrus Logic in a report on Wednesday, October 8th. Four research analysts have rated the stock with a Buy rating and two have given a Hold rating to the stock. Based on data from MarketBeat.com, Cirrus Logic currently has a consensus rating of “Moderate Buy” and an average target price of $125.00.

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.