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Tag: CRUS

  • Zacks Research Weighs in on Cirrus Logic Q2 Earnings

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    Cirrus Logic, Inc. (NASDAQ:CRUS – Free Report) – Equities researchers at Zacks Research issued their Q2 2026 EPS estimates for shares of Cirrus Logic in a research report issued to clients and investors on Tuesday, October 21st. Zacks Research analyst Team anticipates that the semiconductor company will post earnings of $2.10 per share for the quarter. The consensus estimate for Cirrus Logic’s current full-year earnings is $5.63 per share. Zacks Research also issued estimates for Cirrus Logic’s Q3 2026 earnings at $1.93 EPS, FY2026 earnings at $5.99 EPS, Q1 2027 earnings at $0.70 EPS, Q2 2027 earnings at $2.14 EPS, Q4 2027 earnings at $1.21 EPS, FY2027 earnings at $6.01 EPS and Q2 2028 earnings at $2.14 EPS.

    Several other analysts also recently commented on CRUS. Stifel Nicolaus upped their price objective on shares of Cirrus Logic from $130.00 to $140.00 and gave the company a “buy” rating in a report on Friday, October 17th. Susquehanna upped their price objective on shares of Cirrus Logic from $140.00 to $155.00 and gave the stock a “positive” rating in a research report on Wednesday. Wall Street Zen upgraded shares of Cirrus Logic from a “buy” rating to a “strong-buy” rating in a research report on Saturday, October 18th. Finally, Weiss Ratings restated a “hold (c)” rating on shares of Cirrus Logic in a research report on Friday. Four analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the stock. According to MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $128.00.

    View Our Latest Stock Analysis on CRUS

    Cirrus Logic Trading Down 0.7%

    NASDAQ:CRUS opened at $130.60 on Thursday. The company has a market cap of $6.70 billion, a PE ratio of 20.44 and a beta of 1.09. Cirrus Logic has a twelve month low of $75.83 and a twelve month high of $132.90. The company’s 50 day moving average is $120.88 and its two-hundred day moving average is $107.70.

    Cirrus Logic (NASDAQ:CRUS – Get Free Report) last posted its quarterly earnings results on Tuesday, August 5th. The semiconductor company reported $1.51 EPS for the quarter, beating the consensus estimate of $1.07 by $0.44. Cirrus Logic had a net margin of 18.15% and a return on equity of 18.38%. The business had revenue of $407.27 million during the quarter, compared to analyst estimates of $361.97 million. During the same quarter in the previous year, the business posted $1.12 EPS. The company’s quarterly revenue was up 8.9% compared to the same quarter last year. Cirrus Logic has set its Q2 2026 guidance at EPS.

    Institutional Investors Weigh In On Cirrus Logic

    Hedge funds and other institutional investors have recently bought and sold shares of the company. Hantz Financial Services Inc. increased its position in Cirrus Logic by 1,660.0% during the second quarter. Hantz Financial Services Inc. now owns 264 shares of the semiconductor company’s stock worth $28,000 after purchasing an additional 249 shares during the last quarter. RMG Wealth Management LLC acquired a new stake in Cirrus Logic during the second quarter worth about $30,000. Ameritas Advisory Services LLC acquired a new stake in Cirrus Logic during the second quarter worth about $31,000. Banque Cantonale Vaudoise acquired a new stake in Cirrus Logic during the first quarter worth about $30,000. Finally, Migdal Insurance & Financial Holdings Ltd. acquired a new stake in Cirrus Logic during the second quarter worth about $39,000. 87.96% of the stock is currently owned by institutional investors and hedge funds.

    Insider Activity

    In related news, EVP Jeffrey W. Baumgartner sold 9,162 shares of the firm’s stock in a transaction dated Wednesday, September 17th. The shares were sold at an average price of $120.00, for a total transaction of $1,099,440.00. Following the completion of the sale, the executive vice president directly owned 14,001 shares in the company, valued at approximately $1,680,120. This trade represents a 39.55% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, EVP Denise Grode sold 2,202 shares of the firm’s stock in a transaction dated Monday, September 15th. The stock was sold at an average price of $116.87, for a total transaction of $257,347.74. Following the sale, the executive vice president owned 5,698 shares of the company’s stock, valued at approximately $665,925.26. The trade was a 27.87% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 33,187 shares of company stock worth $3,918,128 over the last three months. Insiders own 1.16% of the company’s stock.

    Cirrus Logic Company Profile

    (Get Free Report)

    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.

    See Also

    Earnings History and Estimates for Cirrus Logic (NASDAQ:CRUS)



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  • Tech-stock picks that are small and focused: This fund invests in unsung innovators. Here are 2 top choices.

    Tech-stock picks that are small and focused: This fund invests in unsung innovators. Here are 2 top choices.

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    When investors think of technology stocks, they might automatically gravitate toward “the next big thing,” or to the giant companies that dominate the S&P 500
    SPX,
    -0.40%    .
    But Robert Stimson, chief investment officer of Oak Associates Funds, makes a case for diversification through exposure to smaller innovators which he believes are “overlooked in this environment.”

    The River Oak Discovery Fund
    RIVSX,
    +0.98%
    invests in tech-oriented companies with market capitalizations of $5 billion or less, with an average of about $2 billion. It has a five-star rating, the highest, from Morningstar, despite having what the investment information firm considers “above average” annual expenses of 1.19% of assets under management. The fund is ranked in the 6th percentile among 546 funds in Morningstar’s “Small Blend” category for five-year performance and in the 13th percentile among 374 funds for 10-year performance. The performance comparisons are net of expenses.

    The Black Oak Emerging Technologies Fund
    BOGSX,
    +1.54%
    has more of a midcap focus, with some small-cap stocks and follows a similar strategy to that of RIVSX. But with no restriction on the size of companies this fund invests in, “we don’t have to sell stocks,” Stimpson said. So long-term holdings of this fund include Apple Inc.
    AAPL,
    -0.05%
    and Salesforce.com Inc.
    CRM,
    +0.69%    .
    This fund is rated three stars within Morningstar’s “Technology” category and has a lower expense ratio of 1.03%.

    Both funds are concentrated. The River Oak Discovery Fund held 34 stocks and the Black Oak Emerging Technologies Fund held 35 stocks as of March 31. Lists of both funds’ largest holdings are below.

    During an Interview, Stimpson, who co-manages both funds, said that when investing in the small-cap technology space, he and colleagues identify companies that are “focused on niches.

    “I want a company that knows who they are, what they do and do it well, rather than a small company trying to growing into the next Microsoft, Google or Salesforce,” he said.

    More about giant companies dominating stock indexes: This twist on a traditional S&P 500 stock fund can lower your risk and still beat the market overall

    Stimpson said Oak Associates pays close attention to what corporate management teams say during earnings calls and in presentations, preferring comments related to improving sales and operations with a market niche, rather than expressions of grand visions for exponential growth.

    That type of narrow focus can support higher valuations over time, Stimpson said. “They have better execution, a better ability to fend-off competition and they are quality acquisition candidates.”

    “ “I caution everyone that until there is revenue, earnings and a product, the hype can be more dangerous than an opportunity.” ”


    — Robert Stimpson, chief investment officer at Oak Funds, when discussing AI and ChatGPT.

    All of those factors can be important to investors, considering how easily tech giants such as Microsoft Corp.
    MSFT,
    +1.00%
    or Google holding company Alphabet Inc.
    GOOGL,
    +2.89%

    GOOG,
    +2.88%
    can begin to compete with smaller innovative companies because they can afford to make such large investments, he said.

    Simpson went further, saying that when running screens for “quality” metrics, such as improving free cash flow yields, the Oak Associates team also looks for “shareholder friendly practices.” For example, a company may be repurchasing shares. But are the buybacks lowering the share count significantly (which boosts earnings per share) or are they merely mitigating the dilution caused by the shoveling of new shares to executives as part of their compensation?

    Finally, Simpson cautioned investors not to get caught up in tech-focused hype.

    “When I talk to our clients, I get questions about AI and ChatGPT and how to play it. People get focused on a new great tech innovation,” he said. “You can replace ChatGPT with bitcoin, metaverse or 3-D printing.”

    “I caution everyone that until there is revenue, earnings and a product, the hype can be more dangerous than an opportunity.”

    Two examples

    These companies are held by theRiver Oak Discovery Fund and the Black Oak Emerging Technologies Fund.

    Cirrus Logic Inc.
    CRUS,
    -2.37%
    is the largest holding of the River Oak Discovery Fund. Stimpson calls the company “a derivative play on the success of Apple.”

    “They are focused on the chips that go into mobile and [vehicles],” as well as the needs of their customers, including Apple, “rather than problem areas of the chip sector, such as memory or PCs. They are not talking about chips for AI, for example,” Stimpson said.

    Cirrus focuses on systems and related software used in audio systems..

    Kulicke & Soffa Industries Inc.
    KLIC,
    +1.92%
    makes equipment, tools and related software used by a variety of manufacturers of computer chips and integrated electronic devices.

    Stimpson likes the company as a long-term play on the worldwide disruption in semiconductor manufacturing and supply, in the wake of the Covid-19 pandemic. “All chip companies learned that any supply disruption in Southeast Asia is a problem. Over time, the opportunities for semiconductor equipment makers are very good. There will be more plants in more locations, so more equipment,” he said.

    He said KLICK was in a “protected” position, with returns on equity of about 20% and free cash flow yields of about 10%.

    Top holdings of the funds

    Here are the largest 10 holdings of the River Oak Discovery Fund as of March 31:

    Company

    		 Ticker

    		 % of portfolio
    Cirrus Logic Inc.

    		 CRUS,
    -2.37%         		4.9%
    Kulicke & Soffa Industries Inc.

    		 KLIC,
    +1.92%         		4.6%
    Advanced Energy Industries Inc.

    		 AEIS,
    +0.30%         		4.5%
    Cohu Inc.

    		 COHU,
    +1.45%         		3.7%
    Asbury Automotive Group Inc.

    		 ABG,
    -1.75%         		3.7%
    Korn Ferry

    		 KFY,
    -0.96%         		3.6%
    Kforce Inc.

    		 KFRC,
    -2.40%         		3.4%
    Ambarella Inc.

    		 AMBA,
    -0.50%         		3.3%
    Applied Industrial Technologies Inc.

    		 AIT,
    -1.71%         		3.3%
    Perficient Inc.

    		 PRFT,
    +0.72%         		3.2%

    Click on the tickers for more about each company.

    Click here for Tomi Kilgore’s detailed guide to the wealth of information available for free on the MarketWatch quote page.

    Here are the largest 10 holdings of the Black Oak Emerging Technology Fund as of March 31:

    Company

    		 Ticker

    		 % of portfolio
    Apple Inc.

    		 AAPL,
    -0.05%         		5.7%
    KLA Corp.

    		 KLAC,
    +1.69%         		4.6%
    Advanced Energy Industries Inc.

    		 AEIS,
    +0.30%         		4.5%
    Cohu Inc.

    		 COHU,
    +1.45%         		4.1%
    SolarEdge Technologies Inc.

    		 SEDG,
    -3.76%         		3.9%
    Cirrus Logic Inc.

    		 CRUS,
    -2.37%         		3.9%
    Cohu Inc.

    		 COHU,
    +1.45%         		3.9%
    Ambarella Inc.

    		 AMBA,
    -0.50%         		3.4%
    Applied Industrial Technologies Inc.

    		 AIT,
    -1.71%         		3.4%
    Salesforce Inc.

    		 CRM,
    +0.69%         		3.3%

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