Illinois Municipal Retirement Fund Buys 6,243 Shares of Cirrus Logic, Inc. $CRUS

Illinois Municipal Retirement Fund lifted its stake in shares of Cirrus Logic, Inc. (NASDAQ:CRUS) by 19.0% during the first quarter, HoldingsChannel.com reports. The fund owned 39,136 shares of the semiconductor company’s stock after buying an additional 6,243 shares during the quarter. Illinois Municipal Retirement Fund’s holdings in Cirrus Logic were worth $5,660,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also recently modified their holdings of CRUS. Mach 1 Financial Group LLC bought a new stake in Cirrus Logic during the 4th quarter valued at $736,000. LSV Asset Management grew its position in shares of Cirrus Logic by 1.0% during the 4th quarter. LSV Asset Management now owns 2,356,245 shares of the semiconductor company’s stock worth $279,215,000 after buying an additional 23,703 shares in the last quarter. Universal Beteiligungs und Servicegesellschaft mbH grew its position in shares of Cirrus Logic by 9.8% during the 4th quarter. Universal Beteiligungs und Servicegesellschaft mbH now owns 129,880 shares of the semiconductor company’s stock worth $15,391,000 after buying an additional 11,607 shares in the last quarter. Lecap Asset Management Ltd. purchased a new position in shares of Cirrus Logic during the fourth quarter valued at $888,000. Finally, Northwestern Mutual Wealth Management Co. increased its stake in shares of Cirrus Logic by 2,574.2% during the fourth quarter. Northwestern Mutual Wealth Management Co. now owns 67,791 shares of the semiconductor company’s stock valued at $8,033,000 after buying an additional 65,256 shares during the period. Institutional investors own 87.96% of the company’s stock.

Insiders Place Their Bets

In other news, EVP Jeffrey W. Baumgartner sold 1,458 shares of Cirrus Logic stock in a transaction that occurred on Wednesday, July 1st. The shares were sold at an average price of $145.97, for a total value of $212,824.26. Following the transaction, the executive vice president owned 16,405 shares of the company’s stock, valued at $2,394,637.85. The trade was a 8.16% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, EVP Justin E. Dougherty sold 2,000 shares of the business’s stock in a transaction that occurred on Thursday, May 21st. The stock was sold at an average price of $166.50, for a total transaction of $333,000.00. Following the transaction, the executive vice president owned 4,537 shares of the company’s stock, valued at approximately $755,410.50. This trade represents a 30.60% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. The sale was made to cover tax withholding obligations related to the vesting of equity awards. In the last ninety days, insiders sold 22,299 shares of company stock worth $3,581,647. Insiders own 1.20% of the company’s stock.

Key Cirrus Logic News

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

• Positive Sentiment: Zacks said Cirrus Logic has an impressive earnings surprise track record and appears positioned for another potential earnings beat, which could lift sentiment ahead of the next report. Article Title
• Positive Sentiment: KeyCorp kept an Overweight rating on Cirrus Logic and a $190 price target, signaling continued analyst confidence in the stock’s upside.
• Positive Sentiment: KeyCorp raised its Q1 2027 EPS estimate to $1.45 from $0.72, suggesting a stronger start to that fiscal year than previously expected.
• Neutral Sentiment: KeyCorp also updated a series of forward estimates for Cirrus Logic, leaving FY2028 EPS at $7.61 and FY2027 at $7.31, which provides more detail on the company’s long-term earnings path but is not clearly a near-term catalyst.
• Negative Sentiment: KeyCorp lowered several other period estimates, including Q2 2027, Q3 2027, Q4 2027, and FY2027 EPS, which may temper enthusiasm around the durability of earnings growth.
• Negative Sentiment: A Seeking Alpha piece titled Cirrus Logic’s Price Correction points to recent weakness or valuation pressure, which may have contributed to some caution around the shares. Article Title

Cirrus Logic Price Performance

Shares of NASDAQ CRUS opened at $137.98 on Friday. The stock has a market capitalization of $6.96 billion, a P/E ratio of 17.60 and a beta of 1.17. Cirrus Logic, Inc. has a 1-year low of $92.02 and a 1-year high of $180.42. The business has a fifty day moving average price of $159.34 and a 200 day moving average price of $147.80.

Cirrus Logic (NASDAQ:CRUS) last issued its quarterly earnings data on Wednesday, May 6th. The semiconductor company reported $1.95 earnings per share for the quarter, beating analysts’ consensus estimates of $1.76 by $0.19. Cirrus Logic had a return on equity of 20.48% and a net margin of 20.75%.The company had revenue of $448.52 million for the quarter, compared to the consensus estimate of $442.25 million. During the same quarter last year, the company earned $1.67 earnings per share. The firm’s revenue for the quarter was up 5.7% compared to the same quarter last year. As a group, equities research analysts anticipate that Cirrus Logic, Inc. will post 7.86 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

A number of analysts recently weighed in on CRUS shares. Jefferies Financial Group raised shares of Cirrus Logic to a “buy” rating in a research note on Thursday, June 4th. Stifel Nicolaus set a $197.00 target price on shares of Cirrus Logic in a research report on Thursday, May 7th. Weiss Ratings restated a “hold (c+)” rating on shares of Cirrus Logic in a report on Wednesday, June 24th. Barclays upped their price target on shares of Cirrus Logic from $120.00 to $140.00 and gave the stock an “equal weight” rating in a research report on Thursday, May 7th. Finally, Zacks Research downgraded shares of Cirrus Logic from a “strong-buy” rating to a “hold” rating in a research note on Monday, April 27th. Five analysts have rated the stock with a Buy rating and four have issued a Hold rating to the company’s stock. According to MarketBeat, Cirrus Logic presently has a consensus rating of “Moderate Buy” and an average target price of $160.29.

Cirrus Logic 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.