Cirrus Logic, Inc. (NASDAQ:CRUS) Shares Sold by New York State Common Retirement Fund

New York State Common Retirement Fund decreased its holdings in shares of Cirrus Logic, Inc. (NASDAQ:CRUS - Free Report) by 10.6% during the fourth quarter, according to its most recent filing with the SEC. The firm owned 29,458 shares of the semiconductor company's stock after selling 3,500 shares during the period. New York State Common Retirement Fund owned 0.06% of Cirrus Logic worth $2,933,000 at the end of the most recent reporting period.

A number of other institutional investors have also added to or reduced their stakes in CRUS. Cardinal Capital Management raised its stake in shares of Cirrus Logic by 4.8% during the 4th quarter. Cardinal Capital Management now owns 22,398 shares of the semiconductor company's stock worth $2,230,000 after acquiring an additional 1,032 shares in the last quarter. Venturi Wealth Management LLC grew its holdings in Cirrus Logic by 34.3% in the fourth quarter. Venturi Wealth Management LLC now owns 1,464 shares of the semiconductor company's stock worth $146,000 after purchasing an additional 374 shares during the last quarter. Truist Financial Corp increased its position in shares of Cirrus Logic by 24.9% during the fourth quarter. Truist Financial Corp now owns 3,735 shares of the semiconductor company's stock worth $372,000 after purchasing an additional 745 shares in the last quarter. State of New Jersey Common Pension Fund D lifted its holdings in shares of Cirrus Logic by 13.0% during the 4th quarter. State of New Jersey Common Pension Fund D now owns 20,871 shares of the semiconductor company's stock valued at $2,078,000 after purchasing an additional 2,399 shares during the last quarter. Finally, Blue Trust Inc. boosted its position in shares of Cirrus Logic by 7.9% in the 4th quarter. Blue Trust Inc. now owns 5,878 shares of the semiconductor company's stock worth $585,000 after purchasing an additional 429 shares in the last quarter. Hedge funds and other institutional investors own 87.96% of the company's stock.

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Insiders Place Their Bets

In related news, EVP Jeffrey W. Baumgartner sold 2,051 shares of Cirrus Logic stock in a transaction on Monday, February 3rd. The stock was 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 directly 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 sale was disclosed in a document filed with the SEC, which can be accessed through this link. 1.02% of the stock is owned by insiders.

Cirrus Logic Trading Up 2.2 %

CRUS traded up $2.22 on Wednesday, hitting $105.39. 418,970 shares of the company were exchanged, compared to its average volume of 558,437. Cirrus Logic, Inc. has a twelve month low of $81.30 and a twelve month high of $147.46. The firm has a 50-day moving average price of $103.45 and a two-hundred day moving average price of $112.99. The company has a market cap of $5.60 billion, a price-to-earnings ratio of 19.13 and a beta of 0.91.

Cirrus Logic (NASDAQ:CRUS - Get Free Report) last announced its quarterly earnings results 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%. Equities analysts expect that Cirrus Logic, Inc. will post 5.63 EPS for the current year.

Analyst Upgrades and Downgrades

CRUS has been the topic of a number of recent analyst reports. Benchmark upgraded shares of Cirrus Logic from a "hold" rating to a "buy" rating and set a $125.00 price target on the stock in a research note on Wednesday, February 5th. Barclays upped their target price on Cirrus Logic from $105.00 to $115.00 and gave the stock an "equal weight" rating in a research note on Wednesday, February 5th. Stifel Nicolaus reduced their price target on Cirrus Logic from $165.00 to $140.00 and set a "buy" rating for the company in a research report on Tuesday, November 5th. StockNews.com upgraded Cirrus Logic from a "hold" rating to a "buy" rating in a research report on Tuesday, December 3rd. Finally, Susquehanna raised their price objective on shares of Cirrus Logic from $135.00 to $140.00 and gave the stock a "positive" rating in a research note on Monday, November 18th. One research analyst has rated the stock with a hold rating and seven have given a buy rating to the company's stock. According to MarketBeat.com, Cirrus Logic has an average rating of "Moderate Buy" and a consensus price target of $132.86.

About Cirrus Logic

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.