Dana Investment Advisors Inc. Sells 4,021 Shares of Cirrus Logic, Inc. (NASDAQ:CRUS)

Dana Investment Advisors Inc. trimmed its holdings in Cirrus Logic, Inc. (NASDAQ:CRUS - Free Report) by 5.5% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 69,646 shares of the semiconductor company's stock after selling 4,021 shares during the quarter. Dana Investment Advisors Inc. owned about 0.13% of Cirrus Logic worth $6,935,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors and hedge funds also recently made changes to their positions in the company. Allianz Asset Management GmbH lifted its position in shares of Cirrus Logic by 137.2% during the 4th quarter. Allianz Asset Management GmbH now owns 1,044,880 shares of the semiconductor company's stock valued at $104,049,000 after acquiring an additional 604,431 shares during the period. Pacer Advisors Inc. increased its position in Cirrus Logic by 44.0% in the 4th quarter. Pacer Advisors Inc. now owns 1,267,792 shares of the semiconductor company's stock valued at $126,247,000 after buying an additional 387,346 shares in the last quarter. FMR LLC raised its stake in Cirrus Logic by 6.3% during the 3rd quarter. FMR LLC now owns 3,678,141 shares of the semiconductor company's stock worth $456,862,000 after buying an additional 217,404 shares during the period. Allspring Global Investments Holdings LLC boosted its holdings in Cirrus Logic by 443.5% in the fourth quarter. Allspring Global Investments Holdings LLC now owns 218,709 shares of the semiconductor company's stock worth $21,742,000 after acquiring an additional 178,469 shares in the last quarter. Finally, Burney Co. grew its stake in Cirrus Logic by 1,205.3% in the fourth quarter. Burney Co. now owns 154,247 shares of the semiconductor company's stock valued at $15,360,000 after acquiring an additional 142,430 shares during the period. Institutional investors own 87.96% of the company's stock.

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Insider Activity at Cirrus Logic

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

Wall Street Analysts Forecast Growth

A number of equities analysts recently issued reports on CRUS shares. Susquehanna increased their target price on Cirrus Logic from $135.00 to $140.00 and gave the stock a "positive" rating in a report on Monday, November 18th. Benchmark raised shares of Cirrus Logic from a "hold" rating to a "buy" rating and set a $125.00 target price for the company in a research report on Wednesday, February 5th. Loop Capital initiated coverage on shares of Cirrus Logic in a report on Tuesday, November 12th. They issued a "buy" rating and a $130.00 target price on the stock. Barclays lifted their price target on Cirrus Logic from $105.00 to $115.00 and gave the company an "equal weight" rating in a research note on Wednesday, February 5th. Finally, StockNews.com raised Cirrus Logic from a "hold" rating to a "buy" rating in a research note on Tuesday, December 3rd. One equities research analyst has rated the stock with a hold rating and seven have issued a buy rating to the stock. According to MarketBeat, the stock currently has an average rating of "Moderate Buy" and a consensus price target of $132.86.

Cirrus Logic Price Performance

Shares of NASDAQ CRUS traded down $4.15 during midday trading on Monday, reaching $104.77. The company's stock had a trading volume of 734,133 shares, compared to its average volume of 561,637. The stock has a market capitalization of $5.57 billion, a P/E ratio of 19.01 and a beta of 0.89. The firm has a 50 day moving average price of $103.63 and a 200-day moving average price of $112.24. Cirrus Logic, Inc. has a 12-month low of $81.30 and a 12-month high of $147.46.

Cirrus Logic (NASDAQ:CRUS - Get Free Report) last issued its quarterly earnings results on Tuesday, February 4th. The semiconductor company reported $2.15 EPS for the quarter, missing analysts' consensus estimates of $2.36 by ($0.21). Cirrus Logic had a return on equity of 16.60% and a net margin of 16.55%. On average, equities analysts predict that Cirrus Logic, Inc. will post 5.63 EPS 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 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.