2,079 Shares in Cirrus Logic, Inc. (NASDAQ:CRUS) Acquired by SG Americas Securities LLC

SG Americas Securities LLC bought a new position in Cirrus Logic, Inc. (NASDAQ:CRUS) during the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm bought 2,079 shares of the semiconductor company’s stock, valued at approximately $173,000.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in the stock. Diversified Trust Co boosted its holdings in Cirrus Logic by 41.2% in the fourth quarter. Diversified Trust Co now owns 8,596 shares of the semiconductor company’s stock worth $715,000 after purchasing an additional 2,507 shares during the last quarter. Vanguard Group Inc. boosted its stake in shares of Cirrus Logic by 1.7% during the 3rd quarter. Vanguard Group Inc. now owns 6,299,658 shares of the semiconductor company’s stock worth $465,923,000 after acquiring an additional 105,577 shares during the last quarter. Teachers Retirement System of The State of Kentucky boosted its stake in shares of Cirrus Logic by 30.1% during the 3rd quarter. Teachers Retirement System of The State of Kentucky now owns 39,327 shares of the semiconductor company’s stock worth $2,908,000 after acquiring an additional 9,105 shares during the last quarter. Creative Planning boosted its stake in shares of Cirrus Logic by 8.4% during the 3rd quarter. Creative Planning now owns 5,179 shares of the semiconductor company’s stock worth $383,000 after acquiring an additional 403 shares during the last quarter. Finally, Tudor Investment Corp Et Al purchased a new position in shares of Cirrus Logic during the 3rd quarter worth $7,744,000. Hedge funds and other institutional investors own 87.96% of the company’s stock.

Insider Buying and Selling at Cirrus Logic

In other Cirrus Logic news, VP Andrew Brannan sold 3,250 shares of Cirrus Logic stock in a transaction on Thursday, February 8th. The shares were sold at an average price of $94.00, for a total value of $305,500.00. Following the sale, the vice president now directly owns 6,055 shares in the company, valued at approximately $569,170. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. In other news, SVP Justin E. Dougherty sold 3,280 shares of the business’s stock in a transaction dated Thursday, February 22nd. The shares were sold at an average price of $91.40, for a total value of $299,792.00. Following the sale, the senior vice president now directly owns 6,000 shares in the company, valued at approximately $548,400. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, VP Andrew Brannan sold 3,250 shares of the business’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 sale, the vice president now owns 6,055 shares in the company, valued at $569,170. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 7,530 shares of company stock worth $700,292. Insiders own 0.89% of the company’s stock.

Cirrus Logic Stock Performance

Shares of NASDAQ CRUS opened at $88.56 on Monday. The company has a market cap of $4.77 billion, a P/E ratio of 28.11 and a beta of 1.00. The firm’s fifty day moving average is $90.67 and its two-hundred day moving average is $81.34. Cirrus Logic, Inc. has a 52-week low of $65.02 and a 52-week high of $95.87.

Cirrus Logic (NASDAQ:CRUS) last announced its quarterly earnings results on Tuesday, February 6th. The semiconductor company reported $2.53 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.70 by $0.83. The company had revenue of $618.98 million for the quarter, compared to the consensus estimate of $539.55 million. Cirrus Logic had a net margin of 9.84% and a return on equity of 16.13%. As a group, analysts forecast that Cirrus Logic, Inc. will post 4.79 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

Several research analysts have recently weighed in on CRUS shares. TheStreet upgraded shares of Cirrus Logic from a “c+” rating to a “b-” rating in a research note on Tuesday, January 23rd. Barclays raised their price objective on shares of Cirrus Logic from $90.00 to $95.00 and gave the company an “overweight” rating in a research report on Tuesday, January 16th. StockNews.com upgraded shares of Cirrus Logic from a “buy” rating to a “strong-buy” rating in a research report on Friday. Stifel Nicolaus raised their price objective on shares of Cirrus Logic from $95.00 to $100.00 and gave the company a “buy” rating in a research report on Wednesday, February 7th. Finally, Susquehanna raised their price objective on shares of Cirrus Logic from $85.00 to $100.00 and gave the company a “positive” rating in a research report on Wednesday, February 7th. Six research analysts have rated the stock with a buy rating and one has given a strong buy rating to the stock. According to MarketBeat.com, the company presently has a consensus rating of “Buy” and a consensus price target of $96.43.

About Cirrus Logic

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.