Mirae Asset Global Investments Co. Ltd. Has $1.39 Million Stock Position in Cirrus Logic, Inc. $CRUS

Mirae Asset Global Investments Co. Ltd. cut its position in Cirrus Logic, Inc. (NASDAQ:CRUS) by 85.8% during the third quarter, HoldingsChannel.com reports. The institutional investor owned 11,107 shares of the semiconductor company’s stock after selling 66,956 shares during the quarter. Mirae Asset Global Investments Co. Ltd.’s holdings in Cirrus Logic were worth $1,392,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. Sei Investments Co. boosted its holdings in Cirrus Logic by 4.6% during the second quarter. Sei Investments Co. now owns 906,577 shares of the semiconductor company’s stock valued at $94,517,000 after acquiring an additional 40,149 shares during the period. Norges Bank bought a new position in Cirrus Logic in the 2nd quarter worth approximately $68,744,000. DNB Asset Management AS lifted its holdings in shares of Cirrus Logic by 124.1% during the second quarter. DNB Asset Management AS now owns 504,474 shares of the semiconductor company’s stock worth $52,594,000 after buying an additional 279,398 shares during the last quarter. Qube Research & Technologies Ltd boosted its position in shares of Cirrus Logic by 11.9% in the second quarter. Qube Research & Technologies Ltd now owns 497,639 shares of the semiconductor company’s stock valued at $51,881,000 after acquiring an additional 52,774 shares during the period. Finally, Jupiter Asset Management Ltd. boosted its position in shares of Cirrus Logic by 59.8% in the second quarter. Jupiter Asset Management Ltd. now owns 460,580 shares of the semiconductor company’s stock valued at $48,018,000 after acquiring an additional 172,312 shares during the period. Institutional investors and hedge funds own 87.96% of the company’s stock.

Insiders Place Their Bets

In other Cirrus Logic news, EVP Andrew Brannan sold 8,913 shares of the stock in a transaction on Friday, November 14th. The stock was sold at an average price of $119.06, for a total transaction of $1,061,181.78. Following the completion of the transaction, the executive vice president directly owned 5,950 shares in the company, valued at $708,407. This represents a 59.97% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. 1.16% of the stock is owned by company insiders.

Wall Street Analysts Forecast Growth

CRUS has been the subject of several research analyst reports. Barclays upped their target price on shares of Cirrus Logic from $100.00 to $110.00 and gave the company an “equal weight” rating in a research note on Wednesday. Williams Trading set a $150.00 price objective on shares of Cirrus Logic in a research report on Wednesday, November 5th. Weiss Ratings reissued a “hold (c+)” rating on shares of Cirrus Logic in a research report on Monday, December 29th. KeyCorp upped their price target on Cirrus Logic from $135.00 to $150.00 and gave the company an “overweight” rating in a report on Wednesday, November 5th. Finally, Benchmark raised their price objective on Cirrus Logic from $150.00 to $160.00 and gave the stock a “buy” rating in a research report on Wednesday. One investment analyst has rated the stock with a Strong Buy rating, four have assigned a Buy rating and three have assigned a Hold rating to the company’s stock. According to MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus target price of $145.43.

Key Headlines Impacting Cirrus Logic

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

• Positive Sentiment: Q3 results: Cirrus reported $2.97 EPS vs. consensus ~$2.37 and revenue of $580.6M (above estimates), with management citing smartphone demand and a favorable device mix — the core reason shares rallied. Zacks: Q3 Earnings & Revenues Surpass Estimates
• Positive Sentiment: Guidance upside: Management provided Q4 revenue guidance ($410M–$470M) that topped Street expectations (~$383.7M), which investors interpreted as durable demand into the next quarter. Seeking Alpha: Q4 Guidance Dwarfs Expectations
• Positive Sentiment: Analyst upgrades/price-target increases: Stifel raised its target to $163 (buy) and Benchmark to $160 after the quarter, providing momentum and signaling institutional confidence in forward outlook. The Fly / Benzinga: Price Targets Raised
• Neutral Sentiment: Investor and media coverage: Multiple transcripts, conference-call coverage and commentary (including a video highlighting ties to Apple) are amplifying the beat/guidance narrative but mostly reiterate the same drivers (smartphone exposure, device mix). These items support visibility rather than change fundamentals. YouTube: Overlooked Stock: CRUS Earnings Rally & Ties to AAPL
• Negative Sentiment: Mixed analyst view: Loop Capital recently downgraded CRUS to Hold, a cautionary note that some firms see limited near-term upside despite the beat — a potential headwind if guidance or demand signals weaken. American Banking News: Loop Capital Downgrades to Hold

Cirrus Logic Stock Up 8.3%

NASDAQ:CRUS opened at $134.91 on Thursday. The firm has a market capitalization of $6.88 billion, a PE ratio of 17.77 and a beta of 1.12. Cirrus Logic, Inc. has a 12-month low of $75.83 and a 12-month high of $144.24. The firm has a 50-day moving average price of $123.54 and a 200 day moving average price of $119.75.

Cirrus Logic (NASDAQ:CRUS) last released its quarterly earnings data on Tuesday, February 3rd. The semiconductor company reported $2.97 earnings per share for the quarter, beating the consensus estimate of $2.37 by $0.60. The company had revenue of $580.62 million for the quarter, compared to analyst estimates of $531.43 million. Cirrus Logic had a return on equity of 20.74% and a net margin of 20.47%.The company’s revenue was up 4.5% compared to the same quarter last year. During the same period in the prior year, the company posted $2.51 EPS. On average, research analysts expect that Cirrus Logic, Inc. will post 5.63 EPS for the current year.

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.