2 weeks Ago By ABMN Staff
Envestnet Asset Management Inc. lowered its stake in shares of Cirrus Logic, Inc. ( NASDAQ:CRUS – Free Report ) by 0.
4% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 110,489 shares of the semiconductor company’s stock after selling 415 shares during the period. Envestnet Asset Management Inc.
’s holdings in Cirrus Logic were worth $11,003,000 as of its most recent filing with the Securities and Exchange Commission (SEC). Several other hedge funds have also recently modified their holdings of CRUS. Wellington Management Group LLP grew its stake in Cirrus Logic by 4.
1% during the fourth quarter. Wellington Management Group LLP now owns 1,643,287 shares of the semiconductor company’s stock valued at $163,639,000 after acquiring an additional 65,441 shares in the last quarter. Pacer Advisors Inc.
boosted its holdings in shares of Cirrus Logic by 44.0% during the 4th quarter. Pacer Advisors Inc.
now owns 1,267,792 shares of the semiconductor company’s stock valued at $126,247,000 after purchasing an additional 387,346 shares during the last quarter. Geode Capital Management LLC grew its position in shares of Cirrus Logic by 2.9% during the fourth quarter.
Geode Capital Management LLC now owns 1,171,483 shares of the semiconductor company’s stock valued at $116,684,000 after purchasing an additional 33,204 shares in the last quarter. Allianz Asset Management GmbH increased its holdings in shares of Cirrus Logic by 137.2% in the fourth quarter.
Allianz Asset Management GmbH now owns 1,044,880 shares of the semiconductor company’s stock worth $104,049,000 after purchasing an additional 604,431 shares during the last quarter. Finally, Sei Investments Co. lifted its position in shares of Cirrus Logic by 8.
4% in the fourth quarter. Sei Investments Co. now owns 830,180 shares of the semiconductor company’s stock worth $82,672,000 after buying an additional 64,222 shares in the last quarter.
Hedge funds and other institutional investors own 87.96% of the company’s stock. Analysts Set New Price Targets A number of research analysts have recently commented on CRUS shares.
Benchmark reiterated a “buy” rating and set a $125.00 target price on shares of Cirrus Logic in a research report on Wednesday, March 19th. Stifel Nicolaus lowered their price objective on shares of Cirrus Logic from $140.
00 to $112.00 and set a “buy” rating for the company in a research report on Thursday. Finally, Barclays lifted their price objective on shares of Cirrus Logic from $105.
00 to $115.00 and gave the stock an “equal weight” rating in a research note on Wednesday, February 5th. One investment analyst has rated the stock with a hold rating and seven have assigned a buy rating to the stock.
According to data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average target price of $128.86.
Insider Buying and Selling In other Cirrus Logic news, EVP Jeffrey W. Baumgartner sold 2,051 shares of the company’s stock in a transaction on Monday, February 3rd. The stock was sold at an average price of $100.
00, for a total value of $205,100.00. Following the transaction, the executive vice president now owns 8,330 shares of the company’s stock, valued at $833,000.
This represents a 19.76 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink .
1.02% of the stock is currently owned by corporate insiders. Cirrus Logic Stock Up 0.
1 % Shares of CRUS opened at $85.58 on Friday. The business has a fifty day moving average of $99.
02 and a 200 day moving average of $104.43. The company has a market cap of $4.
55 billion, a PE ratio of 15.53 and a beta of 0.95.
Cirrus Logic, Inc. has a 52-week low of $75.83 and a 52-week high of $147.
46. Cirrus Logic ( NASDAQ:CRUS – Get Free Report ) last announced its earnings results on Tuesday, February 4th. The semiconductor company reported $2.
15 earnings per share for the quarter, missing the consensus estimate of $2.36 by ($0.21).
Cirrus Logic had a net margin of 16.55% and a return on equity of 16.60%.
As a group, research analysts anticipate that Cirrus Logic, Inc. will post 5.63 earnings per share for the current fiscal year.
Cirrus Logic Profile ( 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 Want to see what other hedge funds are holding CRUS? Visit HoldingsChannel.
com to get the latest 13F filings and insider trades for Cirrus Logic, Inc. ( NASDAQ:CRUS – Free Report ). Receive News & Ratings for Cirrus Logic Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Cirrus Logic and related companies with MarketBeat.
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