Cirrus Logic, Inc. $CRUS Shares Sold by Dimensional Fund Advisors LP

Dimensional Fund Advisors LP lowered its position in shares of Cirrus Logic, Inc. (NASDAQ:CRUS) by 1.1% in the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 1,161,199 shares of the semiconductor company’s stock after selling 12,526 shares during the period. Dimensional Fund Advisors LP owned 2.28% of Cirrus Logic worth $145,480,000 at the end of the most recent quarter.

Several other large investors have also recently bought and sold shares of the business. Diversified Trust Co boosted its position in shares of Cirrus Logic by 0.9% during the 3rd quarter. Diversified Trust Co now owns 8,974 shares of the semiconductor company’s stock worth $1,124,000 after acquiring an additional 78 shares in the last quarter. EP Wealth Advisors LLC raised its position in shares of Cirrus Logic by 1.7% during the 2nd quarter. EP Wealth Advisors LLC now owns 5,739 shares of the semiconductor company’s stock worth $598,000 after acquiring an additional 95 shares in the last quarter. Quadrant Capital Group LLC lifted its stake in Cirrus Logic by 3.3% during the second quarter. Quadrant Capital Group LLC now owns 3,394 shares of the semiconductor company’s stock worth $354,000 after purchasing an additional 107 shares during the last quarter. MML Investors Services LLC boosted its holdings in Cirrus Logic by 2.0% in the second quarter. MML Investors Services LLC now owns 6,625 shares of the semiconductor company’s stock valued at $691,000 after purchasing an additional 129 shares in the last quarter. Finally, Stonegate Investment Group LLC boosted its holdings in Cirrus Logic by 6.2% in the third quarter. Stonegate Investment Group LLC now owns 2,298 shares of the semiconductor company’s stock valued at $288,000 after purchasing an additional 134 shares in the last quarter. Hedge funds and other institutional investors own 87.96% of the company’s stock.

Insider Buying and Selling at Cirrus Logic

In related news, CEO John Forsyth sold 21,806 shares of Cirrus Logic stock in a transaction on Wednesday, February 4th. The shares were sold at an average price of $135.15, for a total value of $2,947,080.90. Following the transaction, the chief executive officer directly owned 50,723 shares in the company, valued at $6,855,213.45. This trade represents a 30.07% decrease in their position. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. Also, EVP Justin E. Dougherty sold 3,000 shares of the business’s stock in a transaction on Wednesday, February 11th. The shares were sold at an average price of $143.16, for a total transaction of $429,480.00. Following the completion of the transaction, the executive vice president directly owned 5,876 shares in the company, valued at $841,208.16. This represents a 33.80% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. In the last ninety days, insiders have sold 28,045 shares of company stock worth $3,835,300. 1.16% of the stock is currently owned by insiders.

Cirrus Logic Stock Performance

NASDAQ CRUS opened at $134.19 on Wednesday. The firm’s fifty day moving average is $132.70 and its two-hundred day moving average is $125.67. Cirrus Logic, Inc. has a one year low of $75.83 and a one year high of $146.88. The firm has a market cap of $6.85 billion, a PE ratio of 17.68 and a beta of 1.12.

Cirrus Logic (NASDAQ:CRUS) last announced its earnings results on Tuesday, February 3rd. The semiconductor company reported $2.97 earnings per share for the quarter, topping the consensus estimate of $2.37 by $0.60. The business had revenue of $580.62 million during the quarter, compared to the consensus estimate of $531.43 million. Cirrus Logic had a net margin of 20.47% and a return on equity of 20.41%. The business’s quarterly revenue was up 4.5% compared to the same quarter last year. During the same quarter in the prior year, the firm earned $2.51 earnings per share. Research analysts predict that Cirrus Logic, Inc. will post 5.63 earnings per share for the current year.

Analyst Ratings Changes

Several analysts have recently weighed in on CRUS shares. Loop Capital downgraded shares of Cirrus Logic from a “buy” rating to a “hold” rating and set a $130.00 price objective for the company. in a research report on Monday, February 2nd. Benchmark boosted their price target on shares of Cirrus Logic from $150.00 to $160.00 and gave the company a “buy” rating in a research report on Wednesday, February 4th. Barclays upped their price objective on shares of Cirrus Logic from $110.00 to $120.00 and gave the company an “equal weight” rating in a research note on Tuesday, March 3rd. Stifel Nicolaus lifted their target price on Cirrus Logic from $150.00 to $163.00 and gave the stock a “buy” rating in a research report on Wednesday, February 4th. Finally, Weiss Ratings reissued a “hold (c+)” rating on shares of Cirrus Logic in a research report on Monday, December 29th. One investment analyst has rated the stock with a Strong Buy rating, four have given a Buy rating and three have given a Hold rating to the stock. Based on data from MarketBeat.com, Cirrus Logic presently has a consensus rating of “Moderate Buy” and a consensus target price of $146.86.

Cirrus Logic Company Profile

Cirrus Logic, Inc, headquartered in Austin, Texas, is a fabless semiconductor company specializing in high-precision analog and mixed-signal processing solutions. The firm develops low-power, high-performance audio, voice, and power management integrated circuits, serving prominent consumer electronics OEMs. Its semiconductor devices are designed to enhance audio quality, battery life, and system integration in mobile phones, tablets, wireless headsets and other portable devices.

The company’s product portfolio includes digital-to-analog converters (DACs), analog-to-digital converters (ADCs), audio codecs, power management ICs, voice processors and integrated amplifiers.