XTX Topco Ltd Makes New Investment in Cirrus Logic, Inc. (NASDAQ:CRUS)

XTX Topco Ltd bought a new position in Cirrus Logic, Inc. (NASDAQ:CRUS - Free Report) in the 4th quarter, according to its most recent filing with the Securities & Exchange Commission. The fund bought 3,542 shares of the semiconductor company's stock, valued at approximately $353,000.

A number of other institutional investors have also added to or reduced their stakes in CRUS. Westside Investment Management Inc. purchased a new stake in Cirrus Logic in the third quarter worth approximately $35,000. Kohmann Bosshard Financial Services LLC purchased a new stake in shares of Cirrus Logic in the 4th quarter valued at $28,000. Headlands Technologies LLC bought a new position in shares of Cirrus Logic during the 4th quarter valued at $39,000. Sound Income Strategies LLC bought a new position in shares of Cirrus Logic during the 4th quarter valued at $46,000. Finally, R Squared Ltd purchased a new position in Cirrus Logic in the 4th quarter worth $47,000. Institutional investors own 87.96% of the company's stock.

Insiders Place Their Bets

In related news, EVP Jeffrey W. Baumgartner sold 2,051 shares of the 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 approximately $833,000. This represents a 19.76 % decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Corporate insiders own 1.02% of the company's stock.

Wall Street Analysts Forecast Growth

Several analysts have issued reports on CRUS shares. Benchmark restated a "buy" rating and set a $125.00 price target on shares of Cirrus Logic in a research report on Wednesday, March 19th. Barclays dropped their target price on Cirrus Logic from $115.00 to $80.00 and set an "equal weight" rating for the company in a report on Tuesday, April 22nd. Finally, Stifel Nicolaus lowered their price target on shares of Cirrus Logic from $140.00 to $112.00 and set a "buy" rating for the company in a report on Thursday, April 17th. 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, the company presently has a consensus rating of "Moderate Buy" and an average target price of $123.86.

Cirrus Logic Trading Up 1.1 %

Cirrus Logic stock traded up $1.01 during trading hours on Friday, hitting $93.41. 400,269 shares of the stock traded hands, compared to its average volume of 625,095. Cirrus Logic, Inc. has a one year low of $75.83 and a one year high of $147.46. The firm's 50-day moving average price is $96.80 and its two-hundred day moving average price is $103.05. The company has a market cap of $4.96 billion, a PE ratio of 16.95 and a beta of 0.95.

Cirrus Logic (NASDAQ:CRUS - Get Free Report) last posted its quarterly earnings data 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 return on equity of 16.60% and a net margin of 16.55%. On average, sell-side analysts expect that Cirrus Logic, Inc. will post 5.63 earnings per share for the current fiscal 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.