Cirrus Logic, Inc. (NASDAQ:CRUS) Shares Bought by Sei Investments Co.

Sei Investments Co. raised its stake in Cirrus Logic, Inc. (NASDAQ:CRUS - Free Report) by 8.4% in the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 830,180 shares of the semiconductor company's stock after purchasing an additional 64,222 shares during the quarter. Sei Investments Co. owned 1.56% of Cirrus Logic worth $82,672,000 as of its most recent filing with the Securities & Exchange Commission.

Several other large investors have also bought and sold shares of the stock. Kohmann Bosshard Financial Services LLC purchased a new stake in shares of Cirrus Logic during the 4th quarter worth approximately $28,000. Westside Investment Management Inc. bought a new position in Cirrus Logic in the 3rd quarter valued at $35,000. Sound Income Strategies LLC purchased a new position in Cirrus Logic during the fourth quarter worth about $46,000. R Squared Ltd bought a new position in shares of Cirrus Logic in the fourth quarter worth approximately $47,000. Finally, Quent Capital LLC raised its position in shares of Cirrus Logic by 167.2% during the 4th quarter. Quent Capital LLC now owns 473 shares of the semiconductor company's stock valued at $47,000 after buying an additional 296 shares in the last quarter. 87.96% of the stock is currently owned by institutional investors.

Insider Activity

In other Cirrus Logic news, EVP Jeffrey W. Baumgartner sold 2,051 shares of the firm's stock in a transaction on Monday, February 3rd. The stock was sold at an average price of $100.00, for a total transaction of $205,100.00. Following the transaction, the executive vice president now directly owns 8,330 shares in the company, valued at $833,000. This trade represents a 19.76 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. Corporate insiders own 1.02% of the company's stock.

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Cirrus Logic Stock Down 0.0 %

Shares of Cirrus Logic stock traded down $0.05 during trading hours on Thursday, reaching $103.26. 535,071 shares of the stock traded hands, compared to its average volume of 575,426. Cirrus Logic, Inc. has a one year low of $81.30 and a one year high of $147.46. The firm has a market capitalization of $5.49 billion, a price-to-earnings ratio of 18.74 and a beta of 0.89. The company has a 50 day moving average price of $103.46 and a 200 day moving average price of $108.80.

Cirrus Logic (NASDAQ:CRUS - Get Free Report) last released its quarterly earnings results on Tuesday, February 4th. The semiconductor company reported $2.15 earnings per share (EPS) for the quarter, missing the consensus estimate of $2.36 by ($0.21). Cirrus Logic had a net margin of 16.55% and a return on equity of 16.60%. Sell-side analysts anticipate that Cirrus Logic, Inc. will post 5.63 earnings per share for the current year.

Wall Street Analyst Weigh In

A number of research analysts have commented on CRUS shares. Benchmark reiterated a "buy" rating and set a $125.00 price target on shares of Cirrus Logic in a research report on Wednesday, March 19th. Barclays lifted their target price on shares of Cirrus Logic from $105.00 to $115.00 and gave the stock an "equal weight" rating in a research report on Wednesday, February 5th. Finally, StockNews.com upgraded shares of Cirrus Logic from a "hold" rating to a "buy" rating in a research report on Tuesday, December 3rd. One investment 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 company presently has a consensus rating of "Moderate Buy" and a consensus target price of $132.86.

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.