Fuller & Thaler Asset Management Inc. Sells 421,053 Shares of Cirrus Logic, Inc. (NASDAQ:CRUS)

Fuller & Thaler Asset Management Inc. cut its holdings in Cirrus Logic, Inc. (NASDAQ:CRUS - Free Report) by 21.0% in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 1,586,341 shares of the semiconductor company's stock after selling 421,053 shares during the period. Fuller & Thaler Asset Management Inc. owned approximately 2.98% of Cirrus Logic worth $157,968,000 at the end of the most recent reporting period.

Several other hedge funds have also recently bought and sold shares of the business. Pinebridge Investments L.P. increased its holdings in shares of Cirrus Logic by 4.9% during the 4th quarter. Pinebridge Investments L.P. now owns 48,479 shares of the semiconductor company's stock valued at $4,828,000 after acquiring an additional 2,254 shares during the last quarter. Dark Forest Capital Management LP bought a new stake in Cirrus Logic during the fourth quarter worth approximately $670,000. Stifel Financial Corp grew its holdings in Cirrus Logic by 7.9% during the fourth quarter. Stifel Financial Corp now owns 36,030 shares of the semiconductor company's stock valued at $3,588,000 after purchasing an additional 2,646 shares during the last quarter. State of Tennessee Department of Treasury lifted its stake in shares of Cirrus Logic by 2.9% in the fourth quarter. State of Tennessee Department of Treasury now owns 26,317 shares of the semiconductor company's stock worth $2,621,000 after buying an additional 750 shares during the last quarter. Finally, Tower Research Capital LLC TRC boosted its holdings in shares of Cirrus Logic by 121.5% during the 4th quarter. Tower Research Capital LLC TRC now owns 5,421 shares of the semiconductor company's stock worth $540,000 after buying an additional 2,974 shares during the period. 87.96% of the stock is owned by institutional investors and hedge funds.

Insiders Place Their Bets

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

Cirrus Logic Stock Performance

NASDAQ CRUS opened at $86.74 on Wednesday. Cirrus Logic, Inc. has a twelve month low of $75.83 and a twelve month high of $147.46. The stock has a market cap of $4.61 billion, a PE ratio of 15.74 and a beta of 0.95. The firm has a 50-day simple moving average of $97.89 and a 200 day simple moving average of $103.62.

Cirrus Logic (NASDAQ:CRUS - Get Free Report) last announced its quarterly earnings data 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%. Research analysts forecast that Cirrus Logic, Inc. will post 5.63 earnings per share for the current fiscal year.

Analysts Set New Price Targets

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

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.

Want to see what other hedge funds are holding CRUS? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Cirrus Logic, Inc. (NASDAQ:CRUS - Free Report).

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.