Diversified Trust Co Acquires 2,507 Shares of Cirrus Logic, Inc. (NASDAQ:CRUS)

Diversified Trust Co raised its holdings in shares of Cirrus Logic, Inc. (NASDAQ:CRUSFree Report) by 41.2% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 8,596 shares of the semiconductor company’s stock after acquiring an additional 2,507 shares during the quarter. Diversified Trust Co’s holdings in Cirrus Logic were worth $715,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds and other institutional investors have also bought and sold shares of CRUS. US Bancorp DE boosted its stake in Cirrus Logic by 12.3% in the 1st quarter. US Bancorp DE now owns 1,711 shares of the semiconductor company’s stock worth $145,000 after purchasing an additional 188 shares during the period. MetLife Investment Management LLC grew its stake in Cirrus Logic by 33.8% during the first quarter. MetLife Investment Management LLC now owns 37,038 shares of the semiconductor company’s stock valued at $3,140,000 after acquiring an additional 9,349 shares in the last quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS increased its holdings in Cirrus Logic by 10.8% during the 1st quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS now owns 20,994 shares of the semiconductor company’s stock worth $1,780,000 after acquiring an additional 2,051 shares during the period. Great West Life Assurance Co. Can lifted its stake in Cirrus Logic by 8.9% in the 1st quarter. Great West Life Assurance Co. Can now owns 31,668 shares of the semiconductor company’s stock worth $2,759,000 after purchasing an additional 2,600 shares in the last quarter. Finally, Yousif Capital Management LLC boosted its holdings in Cirrus Logic by 1.6% in the 1st quarter. Yousif Capital Management LLC now owns 30,028 shares of the semiconductor company’s stock valued at $2,546,000 after purchasing an additional 468 shares during the period. Institutional investors own 90.18% of the company’s stock.

Cirrus Logic Stock Performance

Shares of Cirrus Logic stock opened at $88.63 on Wednesday. The stock has a market capitalization of $4.78 billion, a price-to-earnings ratio of 28.14, a price-to-earnings-growth ratio of 15.69 and a beta of 1.00. The company has a fifty day moving average of $86.47 and a 200-day moving average of $79.17. Cirrus Logic, Inc. has a 52-week low of $65.02 and a 52-week high of $111.15.

Cirrus Logic (NASDAQ:CRUSGet Free Report) last released its quarterly earnings data on Tuesday, February 6th. The semiconductor company reported $2.53 EPS for the quarter, topping the consensus estimate of $1.70 by $0.83. The firm had revenue of $618.98 million for the quarter, compared to the consensus estimate of $539.55 million. Cirrus Logic had a return on equity of 16.13% and a net margin of 9.84%. On average, equities research analysts forecast that Cirrus Logic, Inc. will post 4.79 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

Several equities research analysts recently issued reports on CRUS shares. StockNews.com raised Cirrus Logic from a “buy” rating to a “strong-buy” rating in a research note on Wednesday, March 13th. Stifel Nicolaus boosted their price objective on Cirrus Logic from $95.00 to $100.00 and gave the stock a “buy” rating in a report on Wednesday, February 7th. Barclays raised their target price on shares of Cirrus Logic from $90.00 to $95.00 and gave the company an “overweight” rating in a research note on Tuesday, January 16th. TheStreet raised shares of Cirrus Logic from a “c+” rating to a “b-” rating in a research note on Tuesday, January 23rd. Finally, TD Cowen raised their price objective on shares of Cirrus Logic from $90.00 to $100.00 and gave the company an “outperform” rating in a research report on Wednesday, February 7th. Six analysts have rated the stock with a buy rating and one has assigned a strong buy rating to the company. According to data from MarketBeat.com, the stock has a consensus rating of “Buy” and a consensus target price of $96.43.

View Our Latest Stock Report on CRUS

Insider Buying and Selling at Cirrus Logic

In other news, CFO Venkatesh Nathamuni sold 1,000 shares of the firm’s stock in a transaction that occurred on Thursday, February 8th. The shares were sold at an average price of $95.00, for a total value of $95,000.00. Following the transaction, the chief financial officer now owns 1,587 shares in the company, valued at $150,765. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. In other news, CFO Venkatesh Nathamuni sold 1,000 shares of the company’s stock in a transaction dated Thursday, February 8th. The shares were sold at an average price of $95.00, for a total transaction of $95,000.00. Following the completion of the transaction, the chief financial officer now directly owns 1,587 shares of the company’s stock, valued at $150,765. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, SVP Justin E. Dougherty sold 3,280 shares of the firm’s stock in a transaction dated Thursday, February 22nd. The stock was sold at an average price of $91.40, for a total value of $299,792.00. Following the completion of the sale, the senior vice president now directly owns 6,000 shares in the company, valued at $548,400. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 7,530 shares of company stock worth $700,292. 0.89% of the stock is currently owned by insiders.

About Cirrus Logic

(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.

See Also

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

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