Cirrus Logic, Inc. (NASDAQ:CRUS) Director Christine King sold 5,000 shares of Cirrus Logic stock in a transaction that occurred on Wednesday, November 15th. The stock was sold at an average price of $54.14, for a total value of $270,700.00. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link.

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

  • 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 value of $272,550.00.
  • On Friday, September 15th, Christine King sold 5,000 shares of Cirrus Logic stock. The stock was sold at an average price of $57.42, for a total value of $287,100.00.

Cirrus Logic, Inc. (NASDAQ:CRUS) opened at $55.77 on Monday. The stock has a market capitalization of $3,550.60, a P/E ratio of 12.73, a P/E/G ratio of 1.45 and a beta of 0.05. Cirrus Logic, Inc. has a 1 year low of $49.05 and a 1 year high of $71.97.

Cirrus Logic (NASDAQ:CRUS) last announced its earnings results on Thursday, November 2nd. The semiconductor company reported $1.36 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $1.20 by $0.16. The company had revenue of $425.50 million for the quarter, compared to analysts’ expectations of $410.32 million. Cirrus Logic had a return on equity of 25.37% and a net margin of 17.11%. Cirrus Logic’s quarterly revenue was down .7% on a year-over-year basis. During the same quarter in the previous year, the firm earned $1.35 earnings per share. analysts predict that Cirrus Logic, Inc. will post 4.24 earnings per share for the current fiscal year.

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A number of equities research analysts have weighed in on the company. Stifel Nicolaus reiterated a “buy” rating and issued a $75.00 target price on shares of Cirrus Logic in a report on Thursday, August 3rd. BidaskClub downgraded Cirrus Logic from a “strong-buy” rating to a “buy” rating in a report on Wednesday, August 2nd. Vetr upgraded Cirrus Logic from a “buy” rating to a “strong-buy” rating and set a $66.67 price objective for the company in a report on Thursday, August 3rd. Bank of America Corporation assumed coverage on Cirrus Logic in a report on Monday, September 18th. They set an “underperform” rating and a $50.00 price objective for the company. Finally, Zacks Investment Research upgraded Cirrus Logic from a “hold” rating to a “buy” rating and set a $64.00 price objective for the company in a report on Monday, August 7th. Two investment analysts have rated the stock with a sell rating, four have given a hold rating, eleven have issued a buy rating and one has issued a strong buy rating to the stock. The company has an average rating of “Buy” and a consensus price target of $67.05.

Several large investors have recently made changes to their positions in CRUS. Old Mutual Global Investors UK Ltd. boosted its position in shares of Cirrus Logic by 187.2% during the third quarter. Old Mutual Global Investors UK Ltd. now owns 870,484 shares of the semiconductor company’s stock valued at $46,414,000 after buying an additional 567,354 shares during the last quarter. LSV Asset Management boosted its position in shares of Cirrus Logic by 27.3% during the second quarter. LSV Asset Management now owns 2,597,827 shares of the semiconductor company’s stock valued at $162,935,000 after buying an additional 557,048 shares during the last quarter. Koch Industries Inc. boosted its position in shares of Cirrus Logic by 3,884.7% during the second quarter. Koch Industries Inc. now owns 494,467 shares of the semiconductor company’s stock valued at $487,000 after buying an additional 482,058 shares during the last quarter. Prudential Financial Inc. boosted its position in shares of Cirrus Logic by 69.6% during the third quarter. Prudential Financial Inc. now owns 967,033 shares of the semiconductor company’s stock valued at $51,562,000 after buying an additional 396,890 shares during the last quarter. Finally, JPMorgan Chase & Co. boosted its position in shares of Cirrus Logic by 111.7% during the second quarter. JPMorgan Chase & Co. now owns 565,509 shares of the semiconductor company’s stock valued at $35,470,000 after buying an additional 298,388 shares during the last quarter. 87.77% of the stock is currently owned by 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)

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