Cirrus Logic, Inc. (NASDAQ:CRUS) Shares Purchased by Amalgamated Bank

Amalgamated Bank boosted its position in Cirrus Logic, Inc. (NASDAQ:CRUSFree Report) by 8.0% in the 3rd quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 38,923 shares of the semiconductor company’s stock after purchasing an additional 2,880 shares during the quarter. Amalgamated Bank owned about 0.07% of Cirrus Logic worth $2,879,000 at the end of the most recent reporting period.

Several other hedge funds have also recently added to or reduced their stakes in the company. Fox Run Management L.L.C. acquired a new position in Cirrus Logic in the 3rd quarter valued at $580,000. Seizert Capital Partners LLC raised its stake in Cirrus Logic by 1.6% in the 3rd quarter. Seizert Capital Partners LLC now owns 94,682 shares of the semiconductor company’s stock valued at $7,003,000 after purchasing an additional 1,502 shares during the last quarter. Assenagon Asset Management S.A. raised its stake in Cirrus Logic by 347.5% in the 3rd quarter. Assenagon Asset Management S.A. now owns 108,300 shares of the semiconductor company’s stock valued at $8,010,000 after purchasing an additional 84,101 shares during the last quarter. LSV Asset Management increased its stake in shares of Cirrus Logic by 0.9% in the 3rd quarter. LSV Asset Management now owns 1,307,419 shares of the semiconductor company’s stock worth $96,697,000 after acquiring an additional 12,300 shares during the last quarter. Finally, California Public Employees Retirement System increased its stake in shares of Cirrus Logic by 4.6% in the 3rd quarter. California Public Employees Retirement System now owns 301,892 shares of the semiconductor company’s stock worth $22,328,000 after acquiring an additional 13,194 shares during the last quarter. 90.18% of the stock is owned by institutional investors and hedge funds.

Cirrus Logic Price Performance

Shares of Cirrus Logic stock opened at $93.06 on Friday. The business has a 50-day moving average of $81.29 and a 200 day moving average of $77.15. Cirrus Logic, Inc. has a 12 month low of $65.02 and a 12 month high of $111.15. The stock has a market capitalization of $5.02 billion, a price-to-earnings ratio of 29.54, a price-to-earnings-growth ratio of 19.43 and a beta of 0.98.

Wall Street Analyst Weigh In

CRUS has been the subject of a number of recent research reports. TheStreet raised Cirrus Logic from a “c+” rating to a “b-” rating in a research note on Tuesday, January 23rd. TD Cowen raised their target price on Cirrus Logic from $90.00 to $100.00 and gave the stock an “outperform” rating in a research note on Wednesday. Loop Capital raised Cirrus Logic from a “hold” rating to a “buy” rating and raised their target price for the stock from $83.00 to $100.00 in a research note on Wednesday, November 1st. KeyCorp cut their target price on Cirrus Logic from $110.00 to $100.00 and set an “overweight” rating for the company in a research note on Friday, November 3rd. Finally, StockNews.com upgraded Cirrus Logic from a “hold” rating to a “buy” rating in a report on Friday. Seven research analysts have rated the stock with a buy rating, According to MarketBeat.com, the company has a consensus rating of “Buy” and an average target price of $96.43.

Check Out Our Latest Research Report on Cirrus Logic

Insider Activity at Cirrus Logic

In related news, VP Andrew Brannan sold 3,250 shares of the firm’s stock in a transaction dated Thursday, February 8th. The stock was sold at an average price of $94.00, for a total transaction of $305,500.00. Following the completion of the transaction, the vice president now directly owns 6,055 shares in the company, valued at approximately $569,170. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. In related news, VP Andrew Brannan sold 3,250 shares of the firm’s stock in a transaction dated Thursday, February 8th. The stock was sold at an average price of $94.00, for a total transaction of $305,500.00. Following the completion of the transaction, the vice president now directly owns 6,055 shares in the company, valued at approximately $569,170. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CFO Venkatesh Nathamuni sold 1,000 shares of Cirrus Logic stock in a transaction dated Thursday, February 8th. The shares were sold at an average price of $95.00, for a total value of $95,000.00. Following the completion of the transaction, the chief financial officer now owns 1,587 shares of the company’s stock, valued at approximately $150,765. The disclosure for this sale can be found here. 0.89% of the stock is currently owned by company insiders.

Cirrus Logic Company 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 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 digital signal processing; boosted amplifiers; 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.

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Institutional Ownership by Quarter for Cirrus Logic (NASDAQ:CRUS)

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