Bridgewater Associates LP Has $4.69 Million Position in Cirrus Logic, Inc. (NASDAQ:CRUS)

Bridgewater Associates LP decreased its holdings in shares of Cirrus Logic, Inc. (NASDAQ:CRUS - Free Report) by 13.8% in the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 37,716 shares of the semiconductor company's stock after selling 6,038 shares during the quarter. Bridgewater Associates LP owned about 0.07% of Cirrus Logic worth $4,685,000 at the end of the most recent quarter.

Other institutional investors also recently modified their holdings of the company. Huntington National Bank grew its holdings in Cirrus Logic by 10,500.0% during the third quarter. Huntington National Bank now owns 212 shares of the semiconductor company's stock valued at $26,000 after purchasing an additional 210 shares during the period. Nisa Investment Advisors LLC grew its holdings in Cirrus Logic by 98.4% during the third quarter. Nisa Investment Advisors LLC now owns 242 shares of the semiconductor company's stock valued at $30,000 after purchasing an additional 120 shares during the period. V Square Quantitative Management LLC acquired a new position in Cirrus Logic during the third quarter valued at approximately $31,000. Versant Capital Management Inc grew its holdings in Cirrus Logic by 1,911.1% during the second quarter. Versant Capital Management Inc now owns 362 shares of the semiconductor company's stock valued at $46,000 after purchasing an additional 344 shares during the period. Finally, GAMMA Investing LLC grew its holdings in Cirrus Logic by 79.5% during the second quarter. GAMMA Investing LLC now owns 474 shares of the semiconductor company's stock valued at $61,000 after purchasing an additional 210 shares during the period. Institutional investors and hedge funds own 87.96% of the company's stock.

Cirrus Logic Stock Down 1.0 %

Shares of CRUS stock traded down $1.07 during trading on Friday, reaching $104.45. The company's stock had a trading volume of 373,956 shares, compared to its average volume of 518,601. The business has a fifty day moving average price of $113.90 and a 200-day moving average price of $123.28. The company has a market cap of $5.55 billion, a price-to-earnings ratio of 17.70 and a beta of 0.96. Cirrus Logic, Inc. has a one year low of $74.83 and a one year high of $147.46.

Cirrus Logic (NASDAQ:CRUS - Get Free Report) last announced its quarterly earnings data on Monday, November 4th. The semiconductor company reported $2.25 EPS for the quarter, topping analysts' consensus estimates of $2.02 by $0.23. Cirrus Logic had a net margin of 17.19% and a return on equity of 18.15%. The business had revenue of $541.90 million for the quarter, compared to analyst estimates of $520.53 million. During the same quarter in the previous year, the firm posted $1.43 earnings per share. The firm's revenue for the quarter was up 12.6% on a year-over-year basis. Research analysts anticipate that Cirrus Logic, Inc. will post 5.21 EPS for the current year.

Wall Street Analysts Forecast Growth

A number of research analysts recently issued reports on the stock. Susquehanna boosted their price objective on shares of Cirrus Logic from $135.00 to $140.00 and gave the company a "positive" rating in a report on Monday, November 18th. Stifel Nicolaus reduced their price target on shares of Cirrus Logic from $165.00 to $140.00 and set a "buy" rating for the company in a report on Tuesday, November 5th. KeyCorp upped their price target on shares of Cirrus Logic from $155.00 to $165.00 and gave the company an "overweight" rating in a report on Wednesday, August 7th. Barclays reduced their price target on shares of Cirrus Logic from $120.00 to $105.00 and set an "equal weight" rating for the company in a report on Tuesday, November 5th. Finally, Loop Capital assumed coverage on shares of Cirrus Logic in a report on Tuesday, November 12th. They issued a "buy" rating and a $130.00 price target for the company. Three equities research analysts have rated the stock with a hold rating and five have issued a buy rating to the company. According to MarketBeat.com, the company presently has a consensus rating of "Moderate Buy" and an average target price of $132.50.

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 amplifiers; 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 integrated digital signal processing; 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 for use in smartphones, tablets, laptops, AR/VR headsets, home theater systems, automotive entertainment systems, and professional audio systems.