Bayforest Capital Ltd Has $672,000 Position in Cirrus Logic, Inc. $CRUS

Bayforest Capital Ltd lifted its holdings in shares of Cirrus Logic, Inc. (NASDAQ:CRUS - Free Report) by 923.2% during the first quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 6,743 shares of the semiconductor company's stock after purchasing an additional 6,084 shares during the quarter. Bayforest Capital Ltd's holdings in Cirrus Logic were worth $672,000 at the end of the most recent quarter.

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Other hedge funds also recently modified their holdings of the company. Banque Cantonale Vaudoise acquired a new stake in shares of Cirrus Logic during the first quarter worth about $30,000. N.E.W. Advisory Services LLC acquired a new stake in Cirrus Logic in the 1st quarter valued at approximately $50,000. UMB Bank n.a. raised its position in Cirrus Logic by 124.5% in the 1st quarter. UMB Bank n.a. now owns 523 shares of the semiconductor company's stock valued at $52,000 after buying an additional 290 shares during the last quarter. Menard Financial Group LLC acquired a new stake in Cirrus Logic in the 4th quarter valued at approximately $67,000. Finally, MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. raised its position in Cirrus Logic by 17.2% in the 4th quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 1,057 shares of the semiconductor company's stock valued at $105,000 after buying an additional 155 shares during the last quarter. Institutional investors and hedge funds own 87.96% of the company's stock.

Cirrus Logic Stock Up 1.5%

NASDAQ:CRUS opened at $117.43 on Tuesday. The firm has a market capitalization of $6.03 billion, a price-to-earnings ratio of 18.38 and a beta of 1.02. Cirrus Logic, Inc. has a twelve month low of $75.83 and a twelve month high of $137.73. The stock's 50 day moving average price is $108.22 and its two-hundred day moving average price is $102.18.

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Cirrus Logic (NASDAQ:CRUS - Get Free Report) last posted its quarterly 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. The firm had revenue of $407.27 million for the quarter, compared to analyst estimates of $361.97 million. Cirrus Logic had a return on equity of 18.38% and a net margin of 18.15%.The business's quarterly revenue was up 8.9% on a year-over-year basis. During the same quarter in the previous year, the firm earned $1.12 EPS. Cirrus Logic has set its Q2 2026 guidance at EPS. As a group, analysts anticipate that Cirrus Logic, Inc. will post 5.63 earnings per share for the current year.

Insider Buying and Selling at Cirrus Logic

In other Cirrus Logic news, EVP Jeffrey W. Baumgartner sold 10,000 shares of the business's stock in a transaction that occurred on Tuesday, September 2nd. The stock was sold at an average price of $111.78, for a total transaction of $1,117,800.00. Following the transaction, the executive vice president owned 14,001 shares of the company's stock, valued at $1,565,031.78. The trade was a 41.66% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. 1.16% of the stock is owned by company insiders.

Analyst Ratings Changes

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Separately, Wall Street Zen lowered Cirrus Logic from a "strong-buy" rating to a "buy" rating in a research report on Monday, August 11th. Four research analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the company. According to MarketBeat, Cirrus Logic currently has a consensus rating of "Moderate Buy" and an average target price of $121.00.

Get Our Latest Stock Report on CRUS

Cirrus Logic 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.

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