Beverly Hills Private Wealth LLC Has $326,000 Stake in Cirrus Logic, Inc. $CRUS

Beverly Hills Private Wealth LLC decreased its position in Cirrus Logic, Inc. (NASDAQ:CRUS) by 9.2% during the 2nd quarter, Holdings Channel.com reports. The firm owned 3,124 shares of the semiconductor company’s stock after selling 316 shares during the period. Beverly Hills Private Wealth LLC’s holdings in Cirrus Logic were worth $326,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors and hedge funds also recently made changes to their positions in CRUS. Banque Cantonale Vaudoise acquired a new position in shares of Cirrus Logic in the first quarter valued at approximately $30,000. RMG Wealth Management LLC bought a new stake in shares of Cirrus Logic in the second quarter valued at approximately $30,000. Ameritas Advisory Services LLC bought a new stake in shares of Cirrus Logic in the second quarter valued at approximately $31,000. Geneos Wealth Management Inc. boosted its stake in shares of Cirrus Logic by 95.1% in the first 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. Finally, N.E.W. Advisory Services LLC bought a new stake in shares of Cirrus Logic in the first quarter valued at approximately $50,000. Institutional investors and hedge funds own 87.96% of the company’s stock.

Insiders Place Their Bets

In other Cirrus Logic news, EVP Denise Grode sold 2,202 shares of the company’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 sale, the executive vice president directly owned 5,698 shares in the company, valued at $665,925.26. This represents a 27.87% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, EVP Jeffrey W. Baumgartner sold 9,162 shares of the stock in a transaction on 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 transaction, the executive vice president owned 14,001 shares of the company’s stock, valued at $1,680,120. The trade was a 39.55% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 32,453 shares of company stock worth $3,821,790 over the last three months. Insiders own 1.16% of the company’s stock.

Analysts Set New Price Targets

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

Cirrus Logic Price Performance

NASDAQ CRUS opened at $131.22 on Tuesday. The business has a fifty day moving average price of $119.30 and a two-hundred day moving average price of $106.68. Cirrus Logic, Inc. has a fifty-two week low of $75.83 and a fifty-two week high of $131.87. The stock has a market capitalization of $6.74 billion, a PE ratio of 20.54 and a beta of 1.09.

Cirrus Logic (NASDAQ:CRUS) last released its earnings results on Tuesday, August 5th. The semiconductor company reported $1.51 earnings per share for the quarter, topping the consensus estimate of $1.07 by $0.44. Cirrus Logic had a return on equity of 18.38% and a net margin of 18.15%.The firm had revenue of $407.27 million during the quarter, compared to analysts’ expectations of $361.97 million. During the same period in the prior year, the company earned $1.12 earnings per share. The company’s quarterly revenue was up 8.9% on a year-over-year basis. Cirrus Logic has set its Q2 2026 guidance at EPS. As a group, sell-side analysts expect that Cirrus Logic, Inc. will post 5.63 earnings per share for the current year.

Cirrus Logic Company Profile

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.