Cirrus Logic, Inc. (NASDAQ:CRUS) Shares Purchased by Dimensional Fund Advisors LP

Dimensional Fund Advisors LP grew its holdings in shares of Cirrus Logic, Inc. (NASDAQ:CRUS - Free Report) by 0.3% during the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 1,247,535 shares of the semiconductor company's stock after purchasing an additional 3,347 shares during the quarter. Dimensional Fund Advisors LP owned approximately 2.35% of Cirrus Logic worth $124,234,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also made changes to their positions in the company. Arizona State Retirement System grew its holdings in Cirrus Logic by 0.7% in the 4th quarter. Arizona State Retirement System now owns 15,492 shares of the semiconductor company's stock valued at $1,543,000 after buying an additional 101 shares during the period. Truvestments Capital LLC increased its position in Cirrus Logic by 3.5% during the fourth quarter. Truvestments Capital LLC now owns 3,981 shares of the semiconductor company's stock worth $396,000 after purchasing an additional 133 shares during the last quarter. Ritholtz Wealth Management increased its position in Cirrus Logic by 4.1% during the fourth quarter. Ritholtz Wealth Management now owns 3,925 shares of the semiconductor company's stock worth $391,000 after purchasing an additional 153 shares during the last quarter. Covestor Ltd boosted its holdings in shares of Cirrus Logic by 21.5% in the 4th quarter. Covestor Ltd now owns 1,057 shares of the semiconductor company's stock valued at $106,000 after purchasing an additional 187 shares during the last quarter. Finally, Bartlett & CO. Wealth Management LLC increased its holdings in shares of Cirrus Logic by 40.0% during the 4th quarter. Bartlett & CO. Wealth Management LLC now owns 700 shares of the semiconductor company's stock worth $70,000 after buying an additional 200 shares during the last quarter. Hedge funds and other institutional investors own 87.96% of the company's stock.

Wall Street Analyst Weigh In

Several equities research analysts have commented on CRUS shares. Barclays dropped their price target on Cirrus Logic from $115.00 to $80.00 and set an "equal weight" rating for the company in a research note on Tuesday, April 22nd. Stifel Nicolaus cut their price target on shares of Cirrus Logic from $140.00 to $112.00 and set a "buy" rating on the stock in a report on Thursday, April 17th. Finally, Benchmark reaffirmed a "buy" rating and set a $125.00 price target on shares of Cirrus Logic in a research report on Wednesday, March 19th. One investment analyst has rated the stock with a hold rating and seven have issued a buy rating to the company. According to MarketBeat.com, the stock currently has an average rating of "Moderate Buy" and a consensus target price of $123.86.

Insider Transactions at Cirrus Logic

In related news, EVP Jeffrey W. Baumgartner sold 2,051 shares of Cirrus Logic stock in a transaction on Monday, February 3rd. The shares were sold at an average price of $100.00, for a total value of $205,100.00. Following the completion of the sale, the executive vice president now owns 8,330 shares in the company, valued at approximately $833,000. The trade was a 19.76 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Corporate insiders own 1.02% of the company's stock.

Cirrus Logic Price Performance

NASDAQ CRUS traded down $0.12 on Tuesday, reaching $93.55. The company had a trading volume of 361,978 shares, compared to its average volume of 624,526. Cirrus Logic, Inc. has a 1 year low of $75.83 and a 1 year high of $147.46. The firm has a 50-day moving average of $96.09 and a 200-day moving average of $102.69. The firm has a market capitalization of $4.97 billion, a PE ratio of 16.98 and a beta of 0.95.

Cirrus Logic (NASDAQ:CRUS - Get Free Report) last announced its earnings results on Tuesday, February 4th. The semiconductor company reported $2.15 earnings per share 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%. As a group, sell-side analysts expect that Cirrus Logic, Inc. will post 5.63 EPS for the current fiscal year.

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.