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

Holderness Investments Co. cut its holdings in shares of Cirrus Logic, Inc. (NASDAQ:CRUS) by 16.2% during the 3rd quarter, Holdings Channel.com reports. The firm owned 39,758 shares of the semiconductor company’s stock after selling 7,667 shares during the quarter. Cirrus Logic comprises approximately 1.0% of Holderness Investments Co.’s holdings, making the stock its 19th biggest position. Holderness Investments Co.’s holdings in Cirrus Logic were worth $4,981,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in CRUS. Vanguard Group Inc. raised its position in shares of Cirrus Logic by 4.2% in the third quarter. Vanguard Group Inc. now owns 6,622,431 shares of the semiconductor company’s stock valued at $829,724,000 after purchasing an additional 268,560 shares during the period. Sei Investments Co. grew its stake in Cirrus Logic by 4.6% in the 2nd quarter. Sei Investments Co. now owns 906,577 shares of the semiconductor company’s stock valued at $94,517,000 after buying an additional 40,149 shares in the last quarter. Norges Bank bought a new stake in Cirrus Logic during the 2nd quarter valued at $68,744,000. DNB Asset Management AS lifted its position in shares of Cirrus Logic by 5.5% during the third quarter. DNB Asset Management AS now owns 532,180 shares of the semiconductor company’s stock worth $66,677,000 after acquiring an additional 27,706 shares in the last quarter. Finally, Qube Research & Technologies Ltd lifted its position in shares of Cirrus Logic by 11.9% during the second quarter. Qube Research & Technologies Ltd now owns 497,639 shares of the semiconductor company’s stock worth $51,881,000 after acquiring an additional 52,774 shares in the last quarter. Institutional investors own 87.96% of the company’s stock.

Wall Street Analyst Weigh In

Several equities analysts have recently weighed in on the company. Weiss Ratings reiterated a “hold (c+)” rating on shares of Cirrus Logic in a research report on Monday, December 29th. Loop Capital downgraded Cirrus Logic from a “buy” rating to a “hold” rating and set a $130.00 target price for the company. in a research note on Monday, February 2nd. Wall Street Zen cut Cirrus Logic from a “strong-buy” rating to a “buy” rating in a research report on Saturday, November 8th. Benchmark increased their price target on shares of Cirrus Logic from $150.00 to $160.00 and gave the stock a “buy” rating in a report on Wednesday, February 4th. Finally, Williams Trading set a $150.00 price objective on shares of Cirrus Logic in a research note on Wednesday, November 5th. One research analyst has rated the stock with a Strong Buy rating, four have assigned a Buy rating and three have issued a Hold rating to the company’s stock. According to MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average target price of $145.43.

Trending Headlines about 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 Stock Performance

Shares of NASDAQ:CRUS opened at $141.12 on Friday. The firm has a market capitalization of $7.20 billion, a PE ratio of 18.59 and a beta of 1.12. Cirrus Logic, Inc. has a 52-week low of $75.83 and a 52-week high of $146.88. The firm has a fifty day moving average of $130.58 and a 200 day moving average of $124.46.

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

Insider Buying and Selling

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

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.