Natixis Advisors LLC Grows Stake in Cirrus Logic, Inc. (NASDAQ:CRUS)

Natixis Advisors LLC grew its position in Cirrus Logic, Inc. (NASDAQ:CRUS - Free Report) by 8.3% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 109,965 shares of the semiconductor company's stock after purchasing an additional 8,459 shares during the quarter. Natixis Advisors LLC owned about 0.21% of Cirrus Logic worth $10,950,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also bought and sold shares of CRUS. Atria Investments Inc lifted its stake in shares of Cirrus Logic by 2.9% during the third quarter. Atria Investments Inc now owns 3,596 shares of the semiconductor company's stock worth $447,000 after buying an additional 101 shares during the period. Sumitomo Mitsui Trust Group Inc. acquired a new stake in shares of Cirrus Logic during the third quarter worth $415,000. Victory Capital Management Inc. lifted its stake in shares of Cirrus Logic by 165.6% during the third quarter. Victory Capital Management Inc. now owns 44,681 shares of the semiconductor company's stock worth $5,550,000 after buying an additional 27,856 shares during the period. Huntington National Bank lifted its stake 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 worth $26,000 after buying an additional 210 shares during the period. Finally, Quest Partners LLC lifted its stake in shares of Cirrus Logic by 67.4% during the third quarter. Quest Partners LLC now owns 5,466 shares of the semiconductor company's stock worth $679,000 after buying an additional 2,201 shares during the period. 87.96% of the stock is owned by hedge funds and other institutional investors.

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Analysts Set New Price Targets

Several equities research analysts have recently commented on CRUS shares. Barclays lifted their price objective on shares of Cirrus Logic from $105.00 to $115.00 and gave the stock an "equal weight" rating in a research note on Wednesday, February 5th. Benchmark reiterated a "buy" rating and set a $125.00 price objective on shares of Cirrus Logic in a research note on Wednesday. Finally, StockNews.com upgraded shares of Cirrus Logic from a "hold" rating to a "buy" rating in a research report on Tuesday, December 3rd. One equities research analyst has rated the stock with a hold rating and seven have given a buy rating to the company's stock. Based on data from MarketBeat.com, Cirrus Logic presently has a consensus rating of "Moderate Buy" and a consensus price target of $132.86.

Cirrus Logic Stock Performance

NASDAQ CRUS traded down $0.08 on Friday, reaching $99.79. 2,452,053 shares of the company's stock traded hands, compared to its average volume of 575,271. The firm has a market cap of $5.30 billion, a price-to-earnings ratio of 18.11 and a beta of 0.89. The stock has a 50 day moving average price of $103.35 and a 200-day moving average price of $109.50. Cirrus Logic, Inc. has a fifty-two week low of $81.30 and a fifty-two week high of $147.46.

Cirrus Logic (NASDAQ:CRUS - Get Free Report) last released its quarterly earnings data on Tuesday, February 4th. The semiconductor company reported $2.15 earnings per share for the quarter, missing analysts' consensus estimates 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, equities research analysts anticipate that Cirrus Logic, Inc. will post 5.63 EPS for the current fiscal year.

Insider Buying and Selling at Cirrus Logic

In other Cirrus Logic 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 transaction, 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 ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. 1.02% of the stock is owned by corporate insiders.

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.