Schroder Investment Management Group acquired a new position in Cirrus Logic, Inc. (NASDAQ:CRUS) during the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor acquired 6,431 shares of the semiconductor company’s stock, valued at approximately $344,000.

Other institutional investors have also recently bought and sold shares of the company. King Luther Capital Management Corp purchased a new stake in Cirrus Logic in the 2nd quarter worth about $1,101,000. Teachers Advisors LLC raised its position in Cirrus Logic by 230.6% in the 2nd quarter. Teachers Advisors LLC now owns 397,156 shares of the semiconductor company’s stock worth $24,910,000 after purchasing an additional 277,015 shares during the period. BlueMountain Capital Management LLC purchased a new stake in Cirrus Logic in the 2nd quarter worth about $2,449,000. Principal Financial Group Inc. raised its position in Cirrus Logic by 4.3% in the 2nd quarter. Principal Financial Group Inc. now owns 276,706 shares of the semiconductor company’s stock worth $17,355,000 after purchasing an additional 11,483 shares during the period. Finally, State of Tennessee Treasury Department raised its position in Cirrus Logic by 135.2% in the 2nd quarter. State of Tennessee Treasury Department now owns 211,710 shares of the semiconductor company’s stock worth $13,278,000 after purchasing an additional 121,710 shares during the period. 89.25% of the stock is currently owned by institutional investors.

Cirrus Logic, Inc. (NASDAQ CRUS) opened at $51.84 on Tuesday. Cirrus Logic, Inc. has a one year low of $48.61 and a one year high of $71.97. The stock has a market cap of $3,226.55, a P/E ratio of 11.57, a PEG ratio of 1.33 and a beta of 0.01.

Cirrus Logic (NASDAQ:CRUS) last released its quarterly earnings data on Thursday, November 2nd. The semiconductor company reported $1.36 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $1.20 by $0.16. Cirrus Logic had a net margin of 17.11% and a return on equity of 25.37%. The firm had revenue of $425.50 million for the quarter, compared to the consensus estimate of $410.32 million. During the same period last year, the firm earned $1.35 earnings per share. The company’s quarterly revenue was down .7% on a year-over-year basis. equities analysts expect that Cirrus Logic, Inc. will post 4.21 EPS for the current fiscal year.

In other news, Director Christine King sold 5,000 shares of the stock in a transaction that occurred on Wednesday, November 15th. The shares were sold at an average price of $54.14, for a total transaction of $270,700.00. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. Also, VP Bradley J. Fluke sold 7,325 shares of the stock in a transaction that occurred on Monday, October 2nd. The shares were sold at an average price of $53.44, for a total transaction of $391,448.00. Following the transaction, the vice president now owns 12,000 shares in the company, valued at $641,280. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 17,881 shares of company stock worth $964,672. Insiders own 1.92% of the company’s stock.

CRUS has been the topic of a number of research reports. Northland Securities reaffirmed a “buy” rating on shares of Cirrus Logic in a research report on Friday, November 3rd. Canaccord Genuity reaffirmed a “buy” rating and set a $76.00 target price on shares of Cirrus Logic in a research report on Tuesday, September 19th. ValuEngine lowered shares of Cirrus Logic from a “buy” rating to a “hold” rating in a research report on Monday, September 18th. Stifel Nicolaus reaffirmed a “buy” rating on shares of Cirrus Logic in a research report on Wednesday, September 13th. Finally, KeyCorp reaffirmed an “overweight” rating on shares of Cirrus Logic in a research report on Thursday, September 14th. Four investment analysts have rated the stock with a sell rating, four have given a hold rating and ten have assigned a buy rating to the stock. The company currently has a consensus rating of “Hold” and an average target price of $65.84.

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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.

Institutional Ownership by Quarter for Cirrus Logic (NASDAQ:CRUS)

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