Holderness Investments Co. Sells 7,667 Shares of Cirrus Logic, Inc. $CRUS

Holderness Investments Co. lessened its holdings in shares of Cirrus Logic, Inc. (NASDAQ:CRUS) by 16.2% during the third quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 39,758 shares of the semiconductor company’s stock after selling 7,667 shares during the period. Cirrus Logic comprises 1.0% of Holderness Investments Co.’s holdings, making the stock its 19th largest holding. Holderness Investments Co. owned 0.08% of Cirrus Logic worth $4,981,000 as of its most recent SEC filing.

Several other large investors also recently modified their holdings of CRUS. Royal Bank of Canada lifted its holdings in shares of Cirrus Logic by 92.3% during the 1st quarter. Royal Bank of Canada now owns 72,134 shares of the semiconductor company’s stock worth $7,189,000 after acquiring an additional 34,629 shares during the period. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. boosted its stake in shares of Cirrus Logic by 24.9% during the first quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 1,320 shares of the semiconductor company’s stock valued at $132,000 after purchasing an additional 263 shares in the last quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC grew its holdings in Cirrus Logic by 4.7% during the 1st quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 214,457 shares of the semiconductor company’s stock worth $21,372,000 after acquiring an additional 9,658 shares during the last quarter. Focus Partners Wealth bought a new stake in shares of Cirrus Logic in the first quarter worth $361,000. Finally, Geneos Wealth Management Inc. grew its position 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 last quarter. 87.96% of the stock is owned by institutional investors and hedge funds.

Cirrus Logic Price Performance

Shares of NASDAQ:CRUS opened at $141.12 on Friday. Cirrus Logic, Inc. has a 1 year low of $75.83 and a 1 year high of $146.88. The company has a market capitalization of $7.20 billion, a PE ratio of 18.59 and a beta of 1.12. The business has a fifty day moving average price of $130.58 and a two-hundred day moving average price of $124.46.

Cirrus Logic (NASDAQ:CRUS) last issued its quarterly earnings results on Tuesday, February 3rd. The semiconductor company reported $2.97 earnings per share for the quarter, topping analysts’ consensus estimates of $2.37 by $0.60. The company had revenue of $580.62 million for the quarter, compared to the consensus estimate of $531.43 million. Cirrus Logic had a net margin of 20.47% and a return on equity of 20.41%. The firm’s quarterly revenue was up 4.5% on a year-over-year basis. During the same period in the previous year, the firm earned $2.51 EPS. Sell-side analysts anticipate that Cirrus Logic, Inc. will post 5.63 earnings per share for the current year.

Wall Street Analyst Weigh In

A number of research firms have recently commented on CRUS. Loop Capital lowered shares of Cirrus Logic from a “buy” rating to a “hold” rating and set a $130.00 price objective on the stock. in a research note on Monday, February 2nd. Benchmark raised their price objective on Cirrus Logic from $150.00 to $160.00 and gave the company a “buy” rating in a research note on Wednesday, February 4th. Williams Trading set a $150.00 price objective on shares of Cirrus Logic in a report on Wednesday, November 5th. KeyCorp upped their target price on shares of Cirrus Logic from $135.00 to $150.00 and gave the stock an “overweight” rating in a report on Wednesday, November 5th. Finally, 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. One analyst has rated the stock with a Strong Buy rating, four have given a Buy rating and three have issued a Hold rating to the company’s stock. Based on data from MarketBeat, Cirrus Logic currently has a consensus rating of “Moderate Buy” and an average target price of $145.43.

Insider Buying and Selling at Cirrus Logic

In related news, CEO John Forsyth sold 21,806 shares of the company’s stock in a transaction that occurred on Wednesday, February 4th. The stock was sold at an average price of $135.15, for a total value of $2,947,080.90. Following the transaction, the chief executive officer owned 50,723 shares in the company, valued at approximately $6,855,213.45. This represents a 30.07% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, EVP Scott Thomas sold 3,239 shares of the stock in a transaction on Friday, February 13th. The shares were sold at an average price of $141.63, for a total value of $458,739.57. Following the transaction, the executive vice president directly owned 30,393 shares of the company’s stock, valued at approximately $4,304,560.59. This trade represents a 9.63% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Insiders have sold a total of 28,045 shares of company stock worth $3,835,300 over the last three months. 1.16% of the stock is currently owned by insiders.

Key Headlines Impacting Cirrus Logic

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

• Positive Sentiment: Zacks Research sharply raised near‑term and multi‑year EPS forecasts for CRUS, lifting multiple quarterly and full‑year estimates (examples: Q4 FY2026 to $1.41 from $0.69; Q1 FY2027 to $1.15 from $0.70; Q2 FY2027 to $2.56 from $2.08; Q3 FY2027 to $2.79 from $2.07). Zacks also raised FY2026 to $7.75 (from $6.31), FY2027 to $7.97 (from $6.08) and FY2028 to $7.95 (from $6.39) — a clear upgrade to the company’s forward earnings trajectory.
• Positive Sentiment: Zacks published a bullish style‑score/growth piece highlighting Cirrus Logic as a strong growth stock, which reinforces the analyst upgrade narrative and could support longer‑term investor interest. Read More.
• Neutral Sentiment: Reported short‑interest data for late Feb shows 0 shares and an implausible NaN increase (days‑to‑cover reported as 0.0). The data appears unreliable or incomplete and is unlikely to meaningfully explain price moves until corrected or corroborated by exchange filings.

Cirrus Logic Company 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.