Robeco Institutional Asset Management B.V. Acquires 65,739 Shares of Cirrus Logic, Inc. (NASDAQ:CRUS)

Robeco Institutional Asset Management B.V. boosted its position in Cirrus Logic, Inc. (NASDAQ:CRUS - Free Report) by 198.3% during the 3rd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 98,896 shares of the semiconductor company's stock after purchasing an additional 65,739 shares during the quarter. Robeco Institutional Asset Management B.V. owned about 0.19% of Cirrus Logic worth $12,284,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also recently bought and sold shares of the company. Vanguard Group Inc. raised its position in shares of Cirrus Logic by 2.1% during the 1st quarter. Vanguard Group Inc. now owns 6,363,188 shares of the semiconductor company's stock worth $588,977,000 after buying an additional 128,393 shares in the last quarter. State Board of Administration of Florida Retirement System increased its position in shares of Cirrus Logic by 13.3% during the 1st quarter. State Board of Administration of Florida Retirement System now owns 48,030 shares of the semiconductor company's stock valued at $4,446,000 after purchasing an additional 5,645 shares during the period. Northwestern Mutual Wealth Management Co. lifted its holdings in shares of Cirrus Logic by 52.1% in the second quarter. Northwestern Mutual Wealth Management Co. now owns 961 shares of the semiconductor company's stock valued at $123,000 after buying an additional 329 shares during the period. Susquehanna Fundamental Investments LLC boosted its stake in Cirrus Logic by 741.0% during the second quarter. Susquehanna Fundamental Investments LLC now owns 27,754 shares of the semiconductor company's stock valued at $3,543,000 after buying an additional 24,454 shares in the last quarter. Finally, Sei Investments Co. raised its position in Cirrus Logic by 6.6% in the first quarter. Sei Investments Co. now owns 696,895 shares of the semiconductor company's stock worth $64,505,000 after acquiring an additional 42,897 shares in the last quarter. Institutional investors own 87.96% of the company's stock.

Cirrus Logic Price Performance

CRUS traded down $0.47 on Thursday, hitting $103.64. The company had a trading volume of 556,432 shares, compared to its average volume of 506,565. The stock has a market cap of $5.54 billion, a price-to-earnings ratio of 17.71 and a beta of 0.96. The company's fifty day moving average price is $124.13 and its 200 day moving average price is $122.11. Cirrus Logic, Inc. has a 1-year low of $69.23 and a 1-year high of $147.46.

Cirrus Logic (NASDAQ:CRUS - Get Free Report) last posted its quarterly earnings data on Monday, November 4th. The semiconductor company reported $2.25 earnings per share (EPS) for the quarter, topping the consensus estimate of $2.02 by $0.23. The business had revenue of $541.90 million during the quarter, compared to the consensus estimate of $520.53 million. Cirrus Logic had a net margin of 17.19% and a return on equity of 18.42%. Cirrus Logic's quarterly revenue was up 12.6% compared to the same quarter last year. During the same period in the prior year, the firm earned $1.43 EPS. On average, sell-side analysts forecast that Cirrus Logic, Inc. will post 5.37 EPS for the current year.

Insider Buying and Selling at Cirrus Logic

In other Cirrus Logic news, VP Andrew Brannan sold 4,350 shares of the firm's stock in a transaction on Wednesday, August 14th. The shares were sold at an average price of $136.04, for a total value of $591,774.00. Following the sale, the vice president now directly owns 4,004 shares in the company, valued at $544,704.16. This trade represents a 0.00 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. In other news, SVP Justin E. Dougherty sold 10,203 shares of the firm's stock in a transaction on Friday, August 9th. The stock was sold at an average price of $131.71, for a total value of $1,343,837.13. Following the completion of the sale, the senior vice president now directly owns 4,838 shares in the company, valued at approximately $637,212.98. This trade represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through this link. Also, VP Andrew Brannan sold 4,350 shares of the stock in a transaction dated Wednesday, August 14th. The stock was sold at an average price of $136.04, for a total transaction of $591,774.00. Following the sale, the vice president now directly owns 4,004 shares in the company, valued at approximately $544,704.16. This represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. Insiders own 1.02% of the company's stock.

Analysts Set New Price Targets

Several equities analysts have recently weighed in on CRUS shares. StockNews.com lowered shares of Cirrus Logic from a "buy" rating to a "hold" rating in a research report on Wednesday. KeyCorp increased their price objective on Cirrus Logic from $155.00 to $165.00 and gave the company an "overweight" rating in a research report on Wednesday, August 7th. Susquehanna cut their target price on Cirrus Logic from $160.00 to $135.00 and set a "positive" rating on the stock in a research report on Tuesday. Barclays dropped their price target on Cirrus Logic from $120.00 to $105.00 and set an "equal weight" rating on the stock in a research note on Tuesday. Finally, Stifel Nicolaus lowered their target price on Cirrus Logic from $165.00 to $140.00 and set a "buy" rating on the stock in a research note on Tuesday. Three investment analysts have rated the stock with a hold rating and four have assigned a buy rating to the company's stock. Based on data from MarketBeat.com, Cirrus Logic has a consensus rating of "Moderate Buy" and a consensus target price of $132.00.

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.