Seizert Capital Partners LLC Has $4.02 Million Stake in Cirrus Logic, Inc. (NASDAQ:CRUS)

Seizert Capital Partners LLC lowered its position in Cirrus Logic, Inc. (NASDAQ:CRUS) by 48.7% during the fourth quarter, according to its most recent filing with the SEC. The firm owned 40,324 shares of the semiconductor company’s stock after selling 38,280 shares during the period. Seizert Capital Partners LLC owned 0.08% of Cirrus Logic worth $4,015,000 as of its most recent filing with the SEC.

A number of other hedge funds and other institutional investors have also recently modified their holdings of CRUS. Huntington National Bank lifted its position in shares of Cirrus Logic by 10,500.0% during the 3rd quarter. Huntington National Bank now owns 212 shares of the semiconductor company’s stock valued at $26,000 after acquiring an additional 210 shares during the period. Kohmann Bosshard Financial Services LLC bought a new stake in Cirrus Logic during the 4th quarter valued at $28,000. Nisa Investment Advisors LLC grew its stake in shares of Cirrus Logic by 98.4% in the 3rd quarter. Nisa Investment Advisors LLC now owns 242 shares of the semiconductor company’s stock worth $30,000 after acquiring an additional 120 shares in the last quarter. Westside Investment Management Inc. bought a new stake in shares of Cirrus Logic in the 3rd quarter worth $35,000. Finally, Sound Income Strategies LLC bought a new stake in shares of Cirrus Logic in the 4th quarter worth $46,000. Institutional investors and hedge funds own 87.96% of the company’s stock.

Analysts Set New Price Targets

CRUS has been the topic of several recent research reports. Loop Capital initiated coverage on shares of Cirrus Logic in a report on Tuesday, November 12th. They set a “buy” rating and a $130.00 price objective on the stock. Susquehanna upped their price objective on shares of Cirrus Logic from $135.00 to $140.00 and gave the company a “positive” rating in a report on Monday, November 18th. Benchmark raised shares of Cirrus Logic from a “hold” rating to a “buy” rating and set a $125.00 price objective on the stock in a report on Wednesday, February 5th. Stifel Nicolaus dropped their price objective on shares of Cirrus Logic from $165.00 to $140.00 and set a “buy” rating on the stock in a report on Tuesday, November 5th. Finally, StockNews.com raised shares of Cirrus Logic from a “hold” rating to a “buy” rating in a report on Tuesday, December 3rd. One equities research analyst has rated the stock with a hold rating and seven have given a buy rating to the company. According to MarketBeat, Cirrus Logic has a consensus rating of “Moderate Buy” and a consensus price target of $132.86.

Cirrus Logic Trading Up 1.5 %

CRUS stock opened at $103.17 on Wednesday. The company’s 50 day moving average is $103.43 and its 200 day moving average is $113.26. The stock has a market cap of $5.48 billion, a price-to-earnings ratio of 18.72 and a beta of 0.91. Cirrus Logic, Inc. has a 1-year low of $81.30 and a 1-year high of $147.46.

Cirrus Logic (NASDAQ:CRUS) last issued its quarterly earnings results on Tuesday, February 4th. The semiconductor company reported $2.15 EPS 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, sell-side analysts forecast that Cirrus Logic, Inc. will post 5.63 EPS for the current fiscal year.

Insider Buying and Selling at Cirrus Logic

In other news, EVP Jeffrey W. Baumgartner sold 2,051 shares of Cirrus Logic stock in a transaction dated Monday, February 3rd. The stock was sold at an average price of $100.00, for a total transaction of $205,100.00. Following the transaction, the executive vice president now directly owns 8,330 shares of the company’s stock, valued at $833,000. The trade was a 19.76 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Insiders own 1.02% of the company’s stock.

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.