Cirrus Logic, Inc. (NASDAQ:CRUS) VP Carl Jackson Alberty Sells 2,000 Shares

Cirrus Logic, Inc. (NASDAQ:CRUSGet Free Report) VP Carl Jackson Alberty sold 2,000 shares of the stock in a transaction that occurred on Monday, May 20th. The shares were sold at an average price of $113.35, for a total value of $226,700.00. Following the transaction, the vice president now owns 38,507 shares of the company’s stock, valued at $4,364,768.45. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink.

Cirrus Logic Stock Performance

Shares of CRUS opened at $114.62 on Thursday. The firm has a market capitalization of $6.18 billion, a price-to-earnings ratio of 23.25 and a beta of 0.99. Cirrus Logic, Inc. has a one year low of $65.02 and a one year high of $115.18. The stock’s fifty day moving average is $93.52 and its 200-day moving average is $86.30.

Analyst Ratings Changes

Several brokerages recently issued reports on CRUS. Barclays raised their price objective on Cirrus Logic from $95.00 to $110.00 and gave the stock an “overweight” rating in a research note on Wednesday, May 8th. KeyCorp raised their price objective on Cirrus Logic from $100.00 to $120.00 and gave the stock an “overweight” rating in a research note on Wednesday, May 8th. StockNews.com lowered Cirrus Logic from a “strong-buy” rating to a “buy” rating in a research report on Thursday, May 16th. Benchmark lowered Cirrus Logic from a “buy” rating to a “hold” rating in a research report on Thursday, May 16th. Finally, TD Cowen increased their target price on Cirrus Logic from $100.00 to $115.00 and gave the stock a “buy” rating in a research report on Wednesday, May 8th. One investment 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, the stock has an average rating of “Moderate Buy” and a consensus price target of $107.86.

Get Our Latest Analysis on CRUS

Institutional Inflows and Outflows

Large investors have recently modified their holdings of the business. Venturi Wealth Management LLC increased its holdings in shares of Cirrus Logic by 93.7% during the fourth quarter. Venturi Wealth Management LLC now owns 368 shares of the semiconductor company’s stock valued at $31,000 after purchasing an additional 178 shares during the period. Atlas Capital Advisors LLC increased its holdings in shares of Cirrus Logic by 103.0% during the first quarter. Atlas Capital Advisors LLC now owns 402 shares of the semiconductor company’s stock valued at $37,000 after purchasing an additional 204 shares during the period. Quadrant Capital Group LLC increased its holdings in shares of Cirrus Logic by 72.3% during the fourth quarter. Quadrant Capital Group LLC now owns 510 shares of the semiconductor company’s stock valued at $42,000 after purchasing an additional 214 shares during the period. Nisa Investment Advisors LLC increased its holdings in shares of Cirrus Logic by 71.1% during the third quarter. Nisa Investment Advisors LLC now owns 722 shares of the semiconductor company’s stock valued at $53,000 after purchasing an additional 300 shares during the period. Finally, DekaBank Deutsche Girozentrale acquired a new position in shares of Cirrus Logic during the third quarter valued at $62,000. 87.96% of the stock is owned by institutional investors and hedge funds.

About Cirrus Logic

(Get Free Report)

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 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 digital signal processing; boosted amplifiers; 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.

Recommended Stories

Receive News & Ratings for Cirrus Logic Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Cirrus Logic and related companies with MarketBeat.com's FREE daily email newsletter.