Cirrus Logic, Inc. (NASDAQ:CRUS) Director Christine King sold 562 shares of the company’s stock in a transaction dated Friday, December 15th. The stock was sold at an average price of $49.75, for a total transaction of $27,959.50. Following the completion of the sale, the director now directly owns 11,744 shares of the company’s stock, valued at approximately $584,264. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website.

Christine King also recently made the following trade(s):

  • On Wednesday, November 15th, Christine King sold 5,000 shares of Cirrus Logic stock. The stock was sold at an average price of $54.14, for a total transaction of $270,700.00.
  • On Monday, October 16th, Christine King sold 5,000 shares of Cirrus Logic stock. The stock was sold at an average price of $54.51, for a total transaction of $272,550.00.

Cirrus Logic, Inc. (NASDAQ:CRUS) traded up $0.28 during midday trading on Tuesday, reaching $52.12. The company’s stock had a trading volume of 673,196 shares, compared to its average volume of 1,138,740. The firm has a market cap of $3,300.00, a P/E ratio of 11.57, a PEG ratio of 1.33 and a beta of 0.01. Cirrus Logic, Inc. has a 12-month low of $48.61 and a 12-month high of $71.97.

Cirrus Logic (NASDAQ:CRUS) last posted its quarterly earnings data on Thursday, November 2nd. The semiconductor company reported $1.36 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $1.20 by $0.16. The firm had revenue of $425.50 million for the quarter, compared to the consensus estimate of $410.32 million. Cirrus Logic had a return on equity of 25.37% and a net margin of 17.11%. The business’s revenue for the quarter was down .7% compared to the same quarter last year. During the same quarter in the previous year, the company earned $1.35 EPS. analysts anticipate that Cirrus Logic, Inc. will post 4.21 earnings per share for the current year.

CRUS has been the subject of several research analyst reports. Stifel Nicolaus reaffirmed a “buy” rating on shares of Cirrus Logic in a report on Wednesday, September 13th. KeyCorp reissued an “overweight” rating on shares of Cirrus Logic in a report on Thursday, September 14th. Craig Hallum reissued a “hold” rating on shares of Cirrus Logic in a report on Wednesday, September 13th. Bank of America began coverage on shares of Cirrus Logic in a report on Monday, September 18th. They issued an “underperform” rating and a $50.00 price target for the company. Finally, ValuEngine downgraded shares of Cirrus Logic from a “buy” rating to a “hold” rating in a report on Monday, September 18th. Four research analysts have rated the stock with a sell rating, four have given a hold rating and ten have assigned a buy rating to the company’s stock. The company has a consensus rating of “Hold” and an average price target of $65.84.

A number of hedge funds and other institutional investors have recently bought and sold shares of CRUS. Strs Ohio raised its holdings in Cirrus Logic by 10.8% during the 2nd quarter. Strs Ohio now owns 10,300 shares of the semiconductor company’s stock worth $646,000 after buying an additional 1,000 shares during the period. Arizona State Retirement System raised its holdings in Cirrus Logic by 1.9% during the 2nd quarter. Arizona State Retirement System now owns 27,200 shares of the semiconductor company’s stock worth $1,706,000 after buying an additional 500 shares during the period. Teacher Retirement System of Texas raised its holdings in Cirrus Logic by 1.5% during the 2nd quarter. Teacher Retirement System of Texas now owns 5,118 shares of the semiconductor company’s stock worth $321,000 after buying an additional 76 shares during the period. Rhumbline Advisers raised its holdings in Cirrus Logic by 0.5% during the 2nd quarter. Rhumbline Advisers now owns 131,949 shares of the semiconductor company’s stock worth $8,276,000 after buying an additional 697 shares during the period. Finally, Advisors Asset Management Inc. raised its holdings in Cirrus Logic by 31.9% during the 2nd quarter. Advisors Asset Management Inc. now owns 24,079 shares of the semiconductor company’s stock worth $1,510,000 after buying an additional 5,828 shares during the period. Hedge funds and other institutional investors own 89.25% of the company’s stock.

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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)

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