Cirrus Logic, Inc. (NASDAQ:CRUS) Shares Purchased by California Public Employees Retirement System

California Public Employees Retirement System increased its holdings in shares of Cirrus Logic, Inc. (NASDAQ:CRUS) by 0.1% in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 302,074 shares of the semiconductor company’s stock after purchasing an additional 182 shares during the period. California Public Employees Retirement System’s holdings in Cirrus Logic were worth $25,130,000 as of its most recent SEC filing.

A number of other large investors have also recently bought and sold shares of the business. MQS Management LLC raised its position in Cirrus Logic by 4.0% during the 3rd quarter. MQS Management LLC now owns 4,298 shares of the semiconductor company’s stock worth $318,000 after buying an additional 164 shares during the last quarter. Truvestments Capital LLC raised its position in Cirrus Logic by 5.2% during the 3rd quarter. Truvestments Capital LLC now owns 3,462 shares of the semiconductor company’s stock worth $256,000 after buying an additional 171 shares during the last quarter. Massachusetts Financial Services Co. MA raised its position in Cirrus Logic by 0.6% during the 3rd quarter. Massachusetts Financial Services Co. MA now owns 26,963 shares of the semiconductor company’s stock worth $1,994,000 after buying an additional 172 shares during the last quarter. Covestor Ltd raised its position in Cirrus Logic by 13.2% during the 3rd quarter. Covestor Ltd now owns 1,492 shares of the semiconductor company’s stock worth $110,000 after buying an additional 174 shares during the last quarter. Finally, Venturi Wealth Management LLC raised its position in Cirrus Logic by 93.7% during the 4th quarter. Venturi Wealth Management LLC now owns 368 shares of the semiconductor company’s stock worth $31,000 after buying an additional 178 shares during the last quarter. Institutional investors and hedge funds own 87.96% of the company’s stock.

Insider Buying and Selling at Cirrus Logic

In other Cirrus Logic news, CFO Venkatesh Nathamuni sold 1,000 shares of the firm’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 in the company, valued at approximately $150,765. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. In other Cirrus Logic news, CFO Venkatesh Nathamuni sold 1,000 shares of the firm’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 sale, the chief financial officer now directly owns 1,587 shares of the company’s stock, valued at approximately $150,765. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. 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 transaction of $299,792.00. Following 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. In the last three months, insiders sold 7,530 shares of company stock worth $700,292. 0.89% of the stock is owned by corporate insiders.

Wall Street Analyst Weigh In

A number of equities analysts have commented on CRUS shares. Stifel Nicolaus upped their price objective on shares of Cirrus Logic from $95.00 to $100.00 and gave the stock a “buy” rating in a research report on Wednesday, February 7th. StockNews.com downgraded shares of Cirrus Logic from a “strong-buy” rating to a “buy” rating in a report on Saturday, April 20th. Susquehanna increased their price target on shares of Cirrus Logic from $85.00 to $100.00 and gave the company a “positive” rating in a report on Wednesday, February 7th. TD Cowen increased their price target on shares of Cirrus Logic from $90.00 to $100.00 and gave the company an “outperform” rating in a report on Wednesday, February 7th. Finally, TheStreet upgraded shares of Cirrus Logic from a “c+” rating to a “b-” rating in a report on Tuesday, January 23rd. Seven analysts have rated the stock with a buy rating, According to data from MarketBeat.com, the stock has an average rating of “Buy” and an average target price of $96.43.

Cirrus Logic Trading Up 1.4 %

NASDAQ:CRUS opened at $88.53 on Monday. The firm has a 50-day moving average price of $90.01 and a two-hundred day moving average price of $82.28. Cirrus Logic, Inc. has a twelve month low of $65.02 and a twelve month high of $95.87. The company has a market capitalization of $4.77 billion, a P/E ratio of 28.10 and a beta of 1.00.

Cirrus Logic (NASDAQ:CRUS) last posted its earnings results on Tuesday, February 6th. The semiconductor company reported $2.53 earnings per share for the quarter, beating the consensus estimate of $1.70 by $0.83. Cirrus Logic had a net margin of 9.84% and a return on equity of 16.13%. The firm had revenue of $618.98 million during the quarter, compared to the consensus estimate of $539.55 million. On average, equities research analysts predict that Cirrus Logic, Inc. will post 4.79 earnings per share for the current year.

Cirrus Logic Company 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.