Cirrus Logic, Inc. (NASDAQ:CRUS) VP Bradley J. Fluke sold 7,325 shares of the company’s stock in a transaction that occurred on Monday, October 2nd. The shares were sold at an average price of $53.44, for a total value of $391,448.00. Following the completion of the sale, the vice president now owns 12,000 shares of the company’s stock, valued at $641,280. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link.

Cirrus Logic, Inc. (NASDAQ:CRUS) opened at 54.77 on Thursday. The stock has a market capitalization of $3.49 billion, a price-to-earnings ratio of 12.81 and a beta of 0.01. The company has a 50-day moving average price of $55.50 and a 200 day moving average price of $61.36. Cirrus Logic, Inc. has a 12 month low of $49.05 and a 12 month high of $71.97.

Cirrus Logic (NASDAQ:CRUS) last released its earnings results on Wednesday, August 2nd. The semiconductor company reported $0.81 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $0.66 by $0.15. The firm had revenue of $320.70 million during the quarter, compared to analysts’ expectations of $320.32 million. Cirrus Logic had a net margin of 17.38% and a return on equity of 26.71%. Cirrus Logic’s revenue for the quarter was up 23.6% on a year-over-year basis. During the same period in the previous year, the company earned $0.44 EPS. Equities analysts predict that Cirrus Logic, Inc. will post $4.74 earnings per share for the current year.

WARNING: “Bradley J. Fluke Sells 7,325 Shares of Cirrus Logic, Inc. (CRUS) Stock” was posted by Watch List News and is the property of of Watch List News. If you are viewing this article on another site, it was illegally copied and reposted in violation of US & international trademark & copyright laws. The correct version of this article can be read at https://www.watchlistnews.com/bradley-j-fluke-sells-7325-shares-of-cirrus-logic-inc-crus-stock/1609441.html.

CRUS has been the subject of a number of analyst reports. Stifel Nicolaus restated a “buy” rating on shares of Cirrus Logic in a research report on Wednesday, September 13th. BidaskClub lowered Cirrus Logic from a “strong-buy” rating to a “buy” rating in a research report on Wednesday, August 2nd. Craig Hallum restated a “hold” rating on shares of Cirrus Logic in a research report on Wednesday, September 13th. Zacks Investment Research upgraded Cirrus Logic from a “hold” rating to a “buy” rating and set a $62.00 price target for the company in a research report on Tuesday. Finally, KeyCorp restated an “overweight” rating on shares of Cirrus Logic in a research report on Thursday, September 14th. Two investment analysts have rated the stock with a sell rating, three have given a hold rating, eleven have issued a buy rating and one has assigned a strong buy rating to the company. The company presently has a consensus rating of “Buy” and a consensus price target of $67.69.

A number of hedge funds have recently added to or reduced their stakes in the business. Eqis Capital Management Inc. grew its stake in Cirrus Logic by 36.9% in the 3rd quarter. Eqis Capital Management Inc. now owns 8,893 shares of the semiconductor company’s stock worth $474,000 after acquiring an additional 2,399 shares during the period. Lord Abbett & CO. LLC grew its stake in Cirrus Logic by 51.2% in the 2nd quarter. Lord Abbett & CO. LLC now owns 357,152 shares of the semiconductor company’s stock worth $22,401,000 after acquiring an additional 120,909 shares during the period. WINTON GROUP Ltd grew its stake in Cirrus Logic by 105.0% in the 2nd quarter. WINTON GROUP Ltd now owns 57,106 shares of the semiconductor company’s stock worth $3,582,000 after acquiring an additional 29,253 shares during the period. Koch Industries Inc. grew its stake in Cirrus Logic by 3,884.7% in the 2nd quarter. Koch Industries Inc. now owns 494,467 shares of the semiconductor company’s stock worth $487,000 after acquiring an additional 482,058 shares during the period. Finally, Ameritas Investment Partners Inc. grew its stake in Cirrus Logic by 2.4% in the 2nd quarter. Ameritas Investment Partners Inc. now owns 24,940 shares of the semiconductor company’s stock worth $1,564,000 after acquiring an additional 592 shares during the period. 89.08% of the stock is owned by hedge funds and other institutional investors.

Cirrus Logic Company Profile

Cirrus Logic, Inc is engaged in providing integrated circuits (ICs) for audio and voice signal processing applications. The Company develops analog and mixed-signal ICs for a range of customers. The Company offers two product lines: Portable Audio, and Non-Portable Audio and Other. The Company’s primary facility housing engineering, sales and marketing, and administration functions is located in Austin, Texas.

Insider Buying and Selling by Quarter for Cirrus Logic (NASDAQ:CRUS)

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