Robeco Institutional Asset Management B.V. Grows Stake in Cirrus Logic, Inc. (NASDAQ:CRUS)

Robeco Institutional Asset Management B.V. raised its stake in shares of Cirrus Logic, Inc. (NASDAQ:CRUS - Free Report) by 34.1% in the fourth quarter, according to its most recent 13F filing with the SEC. The fund owned 132,578 shares of the semiconductor company's stock after purchasing an additional 33,682 shares during the period. Robeco Institutional Asset Management B.V. owned approximately 0.25% of Cirrus Logic worth $13,202,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in CRUS. Huntington National Bank boosted its position in shares of 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 buying an additional 210 shares during the last quarter. Nisa Investment Advisors LLC lifted its stake in Cirrus Logic by 98.4% during the 3rd quarter. Nisa Investment Advisors LLC now owns 242 shares of the semiconductor company's stock valued at $30,000 after acquiring an additional 120 shares in the last quarter. V Square Quantitative Management LLC purchased a new position in Cirrus Logic during the 3rd quarter worth $31,000. Westside Investment Management Inc. bought a new stake in shares of Cirrus Logic in the 3rd quarter worth $35,000. Finally, Sound Income Strategies LLC purchased a new stake in shares of Cirrus Logic in the fourth quarter valued at about $46,000. 87.96% of the stock is owned by institutional investors.

Cirrus Logic Stock Performance

NASDAQ:CRUS traded up $2.09 during trading hours on Tuesday, reaching $101.39. The stock had a trading volume of 1,166,425 shares, compared to its average volume of 694,164. Cirrus Logic, Inc. has a 12-month low of $76.58 and a 12-month high of $147.46. The stock has a 50 day simple moving average of $102.43 and a 200 day simple moving average of $116.21. The stock has a market cap of $5.39 billion, a P/E ratio of 17.18 and a beta of 0.91.

Cirrus Logic (NASDAQ:CRUS - Get Free Report) last announced 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 net margin of 17.19% and a return on equity of 18.15%. On average, equities analysts expect that Cirrus Logic, Inc. will post 5.21 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

Several research firms recently weighed in on CRUS. Barclays cut their price target on shares of Cirrus Logic from $120.00 to $105.00 and set an "equal weight" rating on the stock in a report on Tuesday, November 5th. StockNews.com upgraded Cirrus Logic from a "hold" rating to a "buy" rating in a research note on Tuesday, December 3rd. Stifel Nicolaus decreased their price target on Cirrus Logic from $165.00 to $140.00 and set a "buy" rating for the company in a research report on Tuesday, November 5th. Loop Capital initiated coverage on Cirrus Logic in a report on Tuesday, November 12th. They set a "buy" rating and a $130.00 price target on the stock. Finally, Susquehanna upped their price objective on Cirrus Logic from $135.00 to $140.00 and gave the company a "positive" rating in a research note on Monday, November 18th. Two analysts have rated the stock with a hold rating and six have given a buy rating to the stock. According to data from MarketBeat, the company currently has a consensus rating of "Moderate Buy" and a consensus target price of $132.50.

Cirrus Logic 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.