Grantham Mayo Van Otterloo & Co. LLC Boosts Stake in Cirrus Logic, Inc. (NASDAQ:CRUS)

Grantham Mayo Van Otterloo & Co. LLC increased its position in shares of Cirrus Logic, Inc. (NASDAQ:CRUS - Free Report) by 44.6% in the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 411,508 shares of the semiconductor company's stock after purchasing an additional 126,886 shares during the quarter. Grantham Mayo Van Otterloo & Co. LLC owned 0.77% of Cirrus Logic worth $40,978,000 as of its most recent SEC filing.

A number of other large investors have also recently bought and sold shares of the company. Kohmann Bosshard Financial Services LLC acquired a new stake in Cirrus Logic during the 4th quarter valued at approximately $28,000. Westside Investment Management Inc. purchased a new position in shares of Cirrus Logic during the 3rd quarter valued at about $35,000. Headlands Technologies LLC acquired a new position in shares of Cirrus Logic in the 4th quarter valued at about $39,000. Sound Income Strategies LLC acquired a new position in shares of Cirrus Logic in the 4th quarter valued at about $46,000. Finally, R Squared Ltd purchased a new stake in shares of Cirrus Logic in the fourth quarter worth about $47,000. Hedge funds and other institutional investors own 87.96% of the company's stock.

Analyst Ratings Changes

Several research firms have commented on CRUS. Barclays upped their price objective on Cirrus Logic from $105.00 to $115.00 and gave the stock an "equal weight" rating in a research report on Wednesday, February 5th. Benchmark reiterated a "buy" rating and issued a $125.00 target price on shares of Cirrus Logic in a research note on Wednesday, March 19th. One research analyst has rated the stock with a hold rating and seven have given a buy rating to the stock. According to MarketBeat.com, Cirrus Logic has a consensus rating of "Moderate Buy" and an average price target of $132.86.

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Insider Transactions at Cirrus Logic

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

Cirrus Logic Price Performance

CRUS stock traded down $6.26 during trading on Thursday, hitting $83.97. The stock had a trading volume of 337,412 shares, compared to its average volume of 609,339. Cirrus Logic, Inc. has a twelve month low of $75.83 and a twelve month high of $147.46. The company's 50-day moving average price is $101.20 and its two-hundred day moving average price is $105.80. The stock has a market capitalization of $4.46 billion, a P/E ratio of 15.29 and a beta of 0.95.

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