Virtu Financial LLC Has $257,000 Holdings in Cirrus Logic, Inc. (NASDAQ:CRUS)

Virtu Financial LLC lowered its stake in shares of Cirrus Logic, Inc. (NASDAQ:CRUS - Free Report) by 65.9% in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 2,582 shares of the semiconductor company's stock after selling 4,996 shares during the quarter. Virtu Financial LLC's holdings in Cirrus Logic were worth $257,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also recently bought and sold shares of CRUS. Citigroup Inc. raised its stake in shares of Cirrus Logic by 137.1% in the 3rd quarter. Citigroup Inc. now owns 32,650 shares of the semiconductor company's stock valued at $4,055,000 after acquiring an additional 18,877 shares during the period. Cerity Partners LLC lifted its position in shares of Cirrus Logic by 401.4% during the third quarter. Cerity Partners LLC now owns 19,869 shares of the semiconductor company's stock worth $2,468,000 after purchasing an additional 15,906 shares during the last quarter. Daiwa Securities Group Inc. bought a new position in Cirrus Logic during the 3rd quarter worth approximately $286,000. FMR LLC lifted its stake in Cirrus Logic by 6.3% during the third quarter. FMR LLC now owns 3,678,141 shares of the semiconductor company's stock worth $456,862,000 after purchasing an additional 217,404 shares during the last quarter. Finally, Glenmede Trust Co. NA lifted its position in shares of Cirrus Logic by 4.1% in the 3rd quarter. Glenmede Trust Co. NA now owns 133,570 shares of the semiconductor company's stock worth $16,591,000 after buying an additional 5,251 shares during the last quarter. Institutional investors and hedge funds own 87.96% of the company's stock.

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Analyst Upgrades and Downgrades

CRUS has been the topic of a number of recent research reports. StockNews.com raised shares of Cirrus Logic from a "hold" rating to a "buy" rating in a report on Tuesday, December 3rd. Barclays lifted their price target on Cirrus Logic from $105.00 to $115.00 and gave the company an "equal weight" rating in a research report on Wednesday, February 5th. Finally, Benchmark reiterated a "buy" rating and issued a $125.00 target price on shares of Cirrus Logic in a report on Wednesday, March 19th. One equities research analyst has rated the stock with a hold rating and seven have given a buy rating to the company. According to MarketBeat, Cirrus Logic has a consensus rating of "Moderate Buy" and a consensus price target of $132.86.

Insider Activity at Cirrus Logic

In other news, EVP Jeffrey W. Baumgartner sold 2,051 shares of the company's stock in a transaction dated 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 sale, the executive vice president now owns 8,330 shares in the company, valued at approximately $833,000. This represents a 19.76 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. 1.02% of the stock is currently owned by company insiders.

Cirrus Logic Stock Performance

Shares of CRUS stock traded down $1.25 on Wednesday, reaching $98.58. 479,515 shares of the company's stock traded hands, compared to its average volume of 591,952. Cirrus Logic, Inc. has a 12-month low of $81.30 and a 12-month high of $147.46. The company has a market capitalization of $5.24 billion, a P/E ratio of 17.89 and a beta of 0.89. The business's 50 day moving average price is $103.40 and its two-hundred day moving average price is $107.62.

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