Natixis Advisors LLC Increases Stock Position in Cirrus Logic, Inc. (NASDAQ:CRUS)

Natixis Advisors LLC grew its stake in shares of Cirrus Logic, Inc. (NASDAQ:CRUS - Free Report) by 11.6% in the third quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 101,506 shares of the semiconductor company's stock after purchasing an additional 10,579 shares during the quarter. Natixis Advisors LLC owned approximately 0.19% of Cirrus Logic worth $12,608,000 at the end of the most recent quarter.

A number of other hedge funds have also recently made changes to their positions in the stock. Huntington National Bank boosted its holdings in Cirrus Logic by 10,500.0% in the third quarter. Huntington National Bank now owns 212 shares of the semiconductor company's stock worth $26,000 after acquiring an additional 210 shares in the last quarter. Nisa Investment Advisors LLC grew its holdings in Cirrus Logic by 98.4% during the third quarter. Nisa Investment Advisors LLC now owns 242 shares of the semiconductor company's stock worth $30,000 after acquiring an additional 120 shares during the period. V Square Quantitative Management LLC purchased a new position in Cirrus Logic during the third quarter valued at approximately $31,000. Versant Capital Management Inc lifted its holdings in Cirrus Logic by 1,911.1% in the second quarter. Versant Capital Management Inc now owns 362 shares of the semiconductor company's stock valued at $46,000 after acquiring an additional 344 shares during the period. Finally, GAMMA Investing LLC boosted its position in Cirrus Logic by 79.5% in the 2nd quarter. GAMMA Investing LLC now owns 474 shares of the semiconductor company's stock worth $61,000 after purchasing an additional 210 shares in the last quarter. 87.96% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

CRUS has been the topic of a number of analyst reports. Barclays dropped their target price on Cirrus Logic from $120.00 to $105.00 and set an "equal weight" rating on the stock in a research report on Tuesday, November 5th. KeyCorp raised their price objective on Cirrus Logic from $155.00 to $165.00 and gave the company an "overweight" rating in a report on Wednesday, August 7th. Susquehanna upped their target price on Cirrus Logic from $135.00 to $140.00 and gave the stock a "positive" rating in a research note on Monday. StockNews.com lowered shares of Cirrus Logic from a "buy" rating to a "hold" rating in a report on Wednesday, November 6th. Finally, Loop Capital began coverage on shares of Cirrus Logic in a research report on Tuesday, November 12th. They set a "buy" rating and a $130.00 price objective for the company. Three analysts have rated the stock with a hold rating and five have issued a buy rating to the company's stock. According to data from MarketBeat, the company has a consensus rating of "Moderate Buy" and a consensus price target of $132.50.

Cirrus Logic Stock Down 0.4 %

CRUS opened at $100.22 on Thursday. Cirrus Logic, Inc. has a 52 week low of $74.80 and a 52 week high of $147.46. The business's 50 day moving average is $116.86 and its two-hundred day moving average is $123.18. The firm has a market cap of $5.33 billion, a price-to-earnings ratio of 16.99 and a beta of 0.96.

Cirrus Logic (NASDAQ:CRUS - Get Free Report) last announced its earnings results on Monday, November 4th. The semiconductor company reported $2.25 earnings per share for the quarter, beating the consensus estimate of $2.02 by $0.23. The company had revenue of $541.90 million for the quarter, compared to the consensus estimate of $520.53 million. Cirrus Logic had a return on equity of 18.15% and a net margin of 17.19%. The company's revenue was up 12.6% on a year-over-year basis. During the same period last year, the business posted $1.43 EPS. Equities analysts expect that Cirrus Logic, Inc. will post 5.21 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.