Mackenzie Financial Corp Has $163.15 Million Stock Holdings in Cirrus Logic, Inc. $CRUS

Mackenzie Financial Corp lowered its position in Cirrus Logic, Inc. (NASDAQ:CRUS) by 13.5% in the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 1,564,956 shares of the semiconductor company’s stock after selling 245,255 shares during the quarter. Mackenzie Financial Corp owned 3.05% of Cirrus Logic worth $163,154,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other large investors have also added to or reduced their stakes in the business. Louisiana State Employees Retirement System grew its holdings in Cirrus Logic by 0.7% during the 2nd quarter. Louisiana State Employees Retirement System now owns 15,000 shares of the semiconductor company’s stock worth $1,564,000 after acquiring an additional 100 shares during the last quarter. Quadrant Capital Group LLC lifted its holdings in shares of Cirrus Logic by 3.3% during the second quarter. Quadrant Capital Group LLC now owns 3,394 shares of the semiconductor company’s stock worth $354,000 after purchasing an additional 107 shares during the period. Somerset Trust Co grew its stake in shares of Cirrus Logic by 3.5% in the second quarter. Somerset Trust Co now owns 3,292 shares of the semiconductor company’s stock worth $343,000 after purchasing an additional 110 shares during the last quarter. Farther Finance Advisors LLC increased its holdings in Cirrus Logic by 4.3% in the second quarter. Farther Finance Advisors LLC now owns 2,806 shares of the semiconductor company’s stock valued at $293,000 after purchasing an additional 116 shares during the period. Finally, Public Employees Retirement System of Ohio increased its holdings in Cirrus Logic by 0.7% in the second quarter. Public Employees Retirement System of Ohio now owns 18,431 shares of the semiconductor company’s stock valued at $1,922,000 after purchasing an additional 122 shares during the period. Institutional investors own 87.96% of the company’s stock.

Analysts Set New Price Targets

Several research analysts have commented on the company. Weiss Ratings reaffirmed a “hold (c+)” rating on shares of Cirrus Logic in a report on Tuesday. Wall Street Zen lowered Cirrus Logic from a “strong-buy” rating to a “buy” rating in a research note on Saturday, November 8th. KeyCorp increased their target price on shares of Cirrus Logic from $135.00 to $150.00 and gave the company an “overweight” rating in a research report on Wednesday, November 5th. Susquehanna raised their price target on shares of Cirrus Logic from $140.00 to $155.00 and gave the stock a “positive” rating in a report on Wednesday, October 22nd. Finally, Zacks Research upgraded shares of Cirrus Logic from a “hold” rating to a “strong-buy” rating in a research report on Monday, October 27th. One research analyst has rated the stock with a Strong Buy rating, four have assigned a Buy rating and two have assigned a Hold rating to the company’s stock. According to MarketBeat.com, the company has an average rating of “Moderate Buy” and an average target price of $141.67.

Insider Activity at Cirrus Logic

In other news, EVP Andrew Brannan sold 8,913 shares of the company’s stock in a transaction dated Friday, November 14th. The shares were sold at an average price of $119.06, for a total transaction of $1,061,181.78. Following the transaction, the executive vice president owned 5,950 shares in the company, valued at approximately $708,407. This represents a 59.97% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, EVP Scott Thomas sold 734 shares of the firm’s stock in a transaction dated Monday, October 20th. The shares were sold at an average price of $131.25, for a total value of $96,337.50. Following the completion of the sale, the executive vice president owned 26,307 shares of the company’s stock, valued at approximately $3,452,793.75. This represents a 2.71% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. In the last ninety days, insiders sold 42,100 shares of company stock valued at $4,979,310. 1.16% of the stock is currently owned by company insiders.

Cirrus Logic Price Performance

NASDAQ CRUS opened at $120.32 on Friday. The stock has a market capitalization of $6.14 billion, a P/E ratio of 18.83 and a beta of 1.11. The business has a 50 day simple moving average of $124.04 and a 200 day simple moving average of $113.16. Cirrus Logic, Inc. has a one year low of $75.83 and a one year high of $136.92.

Cirrus Logic (NASDAQ:CRUS) last issued its quarterly earnings results on Tuesday, November 4th. The semiconductor company reported $2.83 earnings per share (EPS) for the quarter, beating 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 firm had revenue of $560.96 million for the quarter, compared to analyst estimates of $540.45 million. During the same period in the previous year, the firm earned $2.25 earnings per share. The company’s revenue was up 3.5% compared to the same quarter last year. Cirrus Logic has set its Q3 2026 guidance at EPS. Equities analysts expect that Cirrus Logic, Inc. will post 5.63 earnings per share for the current year.

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.