Aaron Wealth Advisors LLC Sells 196 Shares of Cirrus Logic, Inc. $CRUS

Aaron Wealth Advisors LLC reduced its holdings in shares of Cirrus Logic, Inc. (NASDAQ:CRUS) by 5.4% in the 2nd quarter, HoldingsChannel.com reports. The fund owned 3,420 shares of the semiconductor company’s stock after selling 196 shares during the quarter. Aaron Wealth Advisors LLC’s holdings in Cirrus Logic were worth $357,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds and other institutional investors also recently made changes to their positions in the business. Vanguard Group Inc. boosted its stake in shares of Cirrus Logic by 0.4% during the 1st quarter. Vanguard Group Inc. now owns 6,420,646 shares of the semiconductor company’s stock worth $639,849,000 after acquiring an additional 24,614 shares during the period. LSV Asset Management boosted its stake in shares of Cirrus Logic by 6.4% during the 1st quarter. LSV Asset Management now owns 2,402,284 shares of the semiconductor company’s stock worth $239,400,000 after acquiring an additional 145,524 shares during the period. Mackenzie Financial Corp boosted its stake in shares of Cirrus Logic by 12.0% during the 4th quarter. Mackenzie Financial Corp now owns 1,835,186 shares of the semiconductor company’s stock worth $182,748,000 after acquiring an additional 196,483 shares during the period. Fuller & Thaler Asset Management Inc. boosted its stake in shares of Cirrus Logic by 0.3% during the 1st quarter. Fuller & Thaler Asset Management Inc. now owns 1,590,744 shares of the semiconductor company’s stock worth $158,518,000 after acquiring an additional 4,403 shares during the period. Finally, Ameriprise Financial Inc. boosted its stake in shares of Cirrus Logic by 98.0% during the 1st quarter. Ameriprise Financial Inc. now owns 1,117,526 shares of the semiconductor company’s stock worth $111,380,000 after acquiring an additional 553,169 shares during the period. 87.96% of the stock is currently owned by institutional investors.

Insider Activity

In other news, EVP Scott Thomas sold 11,089 shares of the stock in a transaction on Thursday, September 18th. The stock was sold at an average price of $121.49, for a total value of $1,347,202.61. Following the completion of the transaction, the executive vice president directly owned 26,307 shares in the company, valued at approximately $3,196,037.43. This represents a 29.65% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, EVP Jeffrey W. Baumgartner sold 10,000 shares of the stock in a transaction on Tuesday, September 2nd. The shares were sold at an average price of $111.78, for a total value of $1,117,800.00. Following the completion of 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 ownership of the stock. The disclosure for this sale can be found here. In the last ninety days, insiders sold 32,453 shares of company stock worth $3,821,790. Insiders own 1.16% of the company’s stock.

Analysts Set New Price Targets

Several research firms have recently commented on CRUS. Stifel Nicolaus upped their target price on Cirrus Logic from $120.00 to $130.00 and gave the company a “buy” rating in a research report on Friday, September 12th. Wall Street Zen downgraded Cirrus Logic from a “strong-buy” rating to a “buy” rating in a research report on Monday, August 11th. Four equities research analysts have rated the stock with a Buy rating and one has given a Hold rating to the company. Based on data from MarketBeat, Cirrus Logic has an average rating of “Moderate Buy” and an average target price of $123.00.

Cirrus Logic Stock Performance

Shares of CRUS stock opened at $122.75 on Friday. The stock’s fifty day moving average price is $109.70 and its two-hundred day moving average price is $102.87. The company has a market cap of $6.30 billion, a PE ratio of 19.21 and a beta of 1.02. Cirrus Logic, Inc. has a fifty-two week low of $75.83 and a fifty-two week high of $127.17.

Cirrus Logic (NASDAQ:CRUS) last issued its earnings results on Tuesday, August 5th. The semiconductor company reported $1.51 earnings per share for the quarter, beating analysts’ consensus estimates of $1.07 by $0.44. The firm had revenue of $407.27 million for the quarter, compared to the consensus estimate of $361.97 million. Cirrus Logic had a return on equity of 18.38% and a net margin of 18.15%.The company’s revenue was up 8.9% compared to the same quarter last year. During the same quarter last year, the business posted $1.12 EPS. Cirrus Logic has set its Q2 2026 guidance at EPS. On average, equities analysts predict that Cirrus Logic, Inc. will post 5.63 EPS for the current fiscal year.

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.