Seizert Capital Partners LLC Sells 38,280 Shares of Cirrus Logic, Inc. (NASDAQ:CRUS)

Seizert Capital Partners LLC reduced its position in Cirrus Logic, Inc. (NASDAQ:CRUS - Free Report) by 48.7% in the 4th quarter, according to its most recent filing with the SEC. The firm owned 40,324 shares of the semiconductor company's stock after selling 38,280 shares during the period. Seizert Capital Partners LLC owned 0.08% of Cirrus Logic worth $4,015,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds also recently made changes to their positions in CRUS. Atria Investments Inc increased its position in Cirrus Logic by 2.9% in the third quarter. Atria Investments Inc now owns 3,596 shares of the semiconductor company's stock worth $447,000 after purchasing an additional 101 shares during the period. Nisa Investment Advisors LLC boosted its stake in shares of Cirrus Logic by 98.4% in the 3rd quarter. Nisa Investment Advisors LLC now owns 242 shares of the semiconductor company's stock valued at $30,000 after purchasing an additional 120 shares during the last quarter. Captrust Financial Advisors grew its position in shares of Cirrus Logic by 5.3% during the 3rd quarter. Captrust Financial Advisors now owns 2,838 shares of the semiconductor company's stock worth $353,000 after buying an additional 142 shares during the period. Ritholtz Wealth Management raised its stake in shares of Cirrus Logic by 4.1% during the fourth quarter. Ritholtz Wealth Management now owns 3,925 shares of the semiconductor company's stock worth $391,000 after buying an additional 153 shares during the last quarter. Finally, First Trust Direct Indexing L.P. raised its stake in shares of Cirrus Logic by 9.1% during the third quarter. First Trust Direct Indexing L.P. now owns 1,886 shares of the semiconductor company's stock worth $234,000 after buying an additional 158 shares during the last quarter. Institutional investors own 87.96% of the company's stock.

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Insiders Place Their Bets

In other Cirrus Logic news, EVP Jeffrey W. Baumgartner sold 2,051 shares of the business's stock in a transaction dated 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 directly owns 8,330 shares of the company's stock, valued at $833,000. The trade was a 19.76 % decrease in their position. The sale was disclosed in a filing with the SEC, which is available through this link. Insiders own 1.02% of the company's stock.

Analyst Upgrades and Downgrades

CRUS has been the topic of a number of recent research reports. Benchmark raised shares of Cirrus Logic from a "hold" rating to a "buy" rating and set a $125.00 target price for the company in a report on Wednesday, February 5th. StockNews.com upgraded Cirrus Logic from a "hold" rating to a "buy" rating in a research report on Tuesday, December 3rd. Loop Capital assumed coverage on Cirrus Logic in a report on Tuesday, November 12th. They issued a "buy" rating and a $130.00 price objective for the company. Barclays raised their target price on Cirrus Logic from $105.00 to $115.00 and gave the stock an "equal weight" rating in a report on Wednesday, February 5th. Finally, Susquehanna upped their price target on Cirrus Logic from $135.00 to $140.00 and gave the company a "positive" rating in a research note on Monday, November 18th. One analyst has rated the stock with a hold rating and seven have given a buy rating to the company's stock. According to data from MarketBeat, Cirrus Logic presently has a consensus rating of "Moderate Buy" and a consensus price target of $132.86.

Cirrus Logic Stock Up 5.8 %

Shares of NASDAQ:CRUS traded up $5.97 during midday trading on Friday, reaching $108.92. 622,639 shares of the company were exchanged, compared to its average volume of 559,779. The firm has a market cap of $5.79 billion, a PE ratio of 19.77 and a beta of 0.89. Cirrus Logic, Inc. has a fifty-two week low of $81.30 and a fifty-two week high of $147.46. The stock has a fifty day simple moving average of $103.49 and a two-hundred day simple moving average of $112.87.

Cirrus Logic (NASDAQ:CRUS - Get Free Report) last issued its quarterly earnings results on Tuesday, February 4th. The semiconductor company reported $2.15 EPS 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, analysts forecast that Cirrus Logic, Inc. will post 5.63 earnings per share for the current year.

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.