Robeco Institutional Asset Management B.V. Sells 8,606 Shares of Cirrus Logic, Inc. (NASDAQ:CRUS)

Robeco Institutional Asset Management B.V. reduced its holdings in shares of Cirrus Logic, Inc. (NASDAQ:CRUS) by 35.1% in the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 15,897 shares of the semiconductor company’s stock after selling 8,606 shares during the quarter. Robeco Institutional Asset Management B.V.’s holdings in Cirrus Logic were worth $1,322,000 as of its most recent SEC filing.

Several other institutional investors have also added to or reduced their stakes in CRUS. FMR LLC boosted its stake in Cirrus Logic by 4.5% in the 3rd quarter. FMR LLC now owns 7,552,630 shares of the semiconductor company’s stock valued at $558,593,000 after purchasing an additional 327,269 shares during the period. Kettle Hill Capital Management LLC bought a new stake in Cirrus Logic in the 3rd quarter valued at $14,442,000. Grantham Mayo Van Otterloo & Co. LLC boosted its stake in Cirrus Logic by 3,235.9% in the 3rd quarter. Grantham Mayo Van Otterloo & Co. LLC now owns 181,640 shares of the semiconductor company’s stock valued at $13,434,000 after purchasing an additional 176,195 shares during the period. Vanguard Group Inc. boosted its stake in Cirrus Logic by 1.7% in the 3rd quarter. Vanguard Group Inc. now owns 6,299,658 shares of the semiconductor company’s stock valued at $465,923,000 after purchasing an additional 105,577 shares during the period. Finally, Tudor Investment Corp Et Al bought a new stake in Cirrus Logic in the 3rd quarter valued at $7,744,000. 87.96% of the stock is currently owned by institutional investors.

Insiders Place Their Bets

In other Cirrus Logic news, SVP Justin E. Dougherty sold 4,000 shares of the company’s stock in a transaction dated Monday, May 13th. The stock was sold at an average price of $107.85, for a total value of $431,400.00. Following the completion of the transaction, the senior vice president now owns 5,838 shares of the company’s stock, valued at approximately $629,628.30. The sale was disclosed in a legal filing with the SEC, which is available through the SEC website. In other Cirrus Logic news, VP Carl Jackson Alberty sold 2,000 shares of the company’s stock in a transaction dated Monday, May 20th. The stock was sold at an average price of $113.35, for a total value of $226,700.00. Following the completion of the transaction, the vice president now owns 38,507 shares of the company’s stock, valued at approximately $4,364,768.45. The sale was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, SVP Justin E. Dougherty sold 4,000 shares of the company’s stock in a transaction dated Monday, May 13th. The shares were sold at an average price of $107.85, for a total value of $431,400.00. Following the completion of the sale, the senior vice president now owns 5,838 shares in the company, valued at approximately $629,628.30. The disclosure for this sale can be found here. Insiders own 0.89% of the company’s stock.

Wall Street Analyst Weigh In

Several brokerages have weighed in on CRUS. TD Cowen lifted their price objective on Cirrus Logic from $100.00 to $115.00 and gave the company a “buy” rating in a report on Wednesday, May 8th. Stifel Nicolaus lifted their price objective on Cirrus Logic from $100.00 to $110.00 and gave the company a “buy” rating in a report on Wednesday, May 8th. Susquehanna boosted their price target on Cirrus Logic from $100.00 to $120.00 and gave the stock a “positive” rating in a report on Wednesday, May 8th. KeyCorp boosted their price target on Cirrus Logic from $100.00 to $120.00 and gave the stock an “overweight” rating in a report on Wednesday, May 8th. Finally, Benchmark cut Cirrus Logic from a “buy” rating to a “hold” rating in a report on Thursday, May 16th. One equities research analyst has rated the stock with a hold rating and seven have assigned a buy rating to the stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $107.86.

Cirrus Logic Stock Up 0.8 %

Shares of CRUS opened at $114.62 on Thursday. Cirrus Logic, Inc. has a 12-month low of $65.02 and a 12-month high of $115.18. The business has a 50-day simple moving average of $93.52 and a two-hundred day simple moving average of $86.30. The stock has a market cap of $6.18 billion, a PE ratio of 23.25 and a beta of 0.99.

Cirrus Logic Profile

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.