Cirrus Logic, Inc. (NASDAQ:CRUS) Shares Acquired by Natixis Advisors LLC

Natixis Advisors LLC increased its stake in shares of Cirrus Logic, Inc. (NASDAQ:CRUS) by 8.3% in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 109,965 shares of the semiconductor company’s stock after purchasing an additional 8,459 shares during the quarter. Natixis Advisors LLC’s holdings in Cirrus Logic were worth $10,950,000 at the end of the most recent quarter.

Other large investors also recently bought and sold shares of the company. Commonwealth Equity Services LLC boosted its stake in shares of Cirrus Logic by 62.9% in the 4th quarter. Commonwealth Equity Services LLC now owns 3,543 shares of the semiconductor company’s stock valued at $353,000 after buying an additional 1,368 shares during the period. Skandinaviska Enskilda Banken AB publ lifted its stake in Cirrus Logic by 179.4% in the fourth quarter. Skandinaviska Enskilda Banken AB publ now owns 46,706 shares of the semiconductor company’s stock worth $4,679,000 after acquiring an additional 29,990 shares during the last quarter. Swiss National Bank grew its holdings in Cirrus Logic by 0.7% during the 4th quarter. Swiss National Bank now owns 105,100 shares of the semiconductor company’s stock worth $10,466,000 after acquiring an additional 700 shares in the last quarter. Jupiter Asset Management Ltd. increased its position in shares of Cirrus Logic by 7,706.9% in the 4th quarter. Jupiter Asset Management Ltd. now owns 249,977 shares of the semiconductor company’s stock valued at $24,893,000 after purchasing an additional 246,775 shares during the last quarter. Finally, Truvestments Capital LLC raised its holdings in shares of Cirrus Logic by 3.5% in the 4th quarter. Truvestments Capital LLC now owns 3,981 shares of the semiconductor company’s stock valued at $396,000 after purchasing an additional 133 shares in the last quarter. Hedge funds and other institutional investors own 87.96% of the company’s stock.

Insider Activity at Cirrus Logic

In related news, EVP Jeffrey W. Baumgartner sold 2,051 shares of the business’s stock in a transaction dated Monday, February 3rd. The stock was sold at an average price of $100.00, for a total value of $205,100.00. Following the transaction, the executive vice president now owns 8,330 shares in the company, valued at $833,000. The trade was a 19.76 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available at the SEC website. 1.02% of the stock is owned by insiders.

Wall Street Analysts Forecast Growth

A number of equities analysts recently commented on CRUS shares. StockNews.com upgraded shares of Cirrus Logic from a “hold” rating to a “buy” rating in a research note on Tuesday, December 3rd. Barclays upped their price objective on Cirrus Logic from $105.00 to $115.00 and gave the stock an “equal weight” rating in a research report on Wednesday, February 5th. Finally, Benchmark restated a “buy” rating and set a $125.00 target price on shares of Cirrus Logic in a research note on Wednesday. One investment analyst has rated the stock with a hold rating and seven have issued a buy rating to the company. Based on data from MarketBeat, Cirrus Logic has a consensus rating of “Moderate Buy” and a consensus price target of $132.86.

Cirrus Logic Stock Performance

Cirrus Logic stock opened at $101.05 on Thursday. The company has a market capitalization of $5.37 billion, a P/E ratio of 18.34 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 50-day simple moving average of $103.48 and a 200-day simple moving average of $110.09.

Cirrus Logic (NASDAQ:CRUS) last issued its quarterly earnings data on Tuesday, February 4th. The semiconductor company reported $2.15 earnings per share 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.