Atlas Capital Advisors Inc. Has $116,000 Stock Position in Cirrus Logic, Inc. (NASDAQ:CRUS)

Atlas Capital Advisors Inc. cut its stake in shares of Cirrus Logic, Inc. (NASDAQ:CRUS) by 77.7% in the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 1,165 shares of the semiconductor company’s stock after selling 4,048 shares during the period. Atlas Capital Advisors Inc.’s holdings in Cirrus Logic were worth $116,000 at the end of the most recent quarter.

Other institutional investors also recently made changes to their positions in the company. Kohmann Bosshard Financial Services LLC bought a new stake in shares of Cirrus Logic in the fourth quarter valued at about $28,000. Westside Investment Management Inc. acquired a new stake in Cirrus Logic in the 3rd quarter worth about $35,000. Headlands Technologies LLC bought a new stake in Cirrus Logic in the 4th quarter valued at about $39,000. Sound Income Strategies LLC acquired a new position in shares of Cirrus Logic during the 4th quarter worth approximately $46,000. Finally, R Squared Ltd bought a new position in shares of Cirrus Logic during the fourth quarter worth approximately $47,000. Institutional investors own 87.96% of the company’s stock.

Insider Activity at Cirrus Logic

In related news, EVP Jeffrey W. Baumgartner sold 2,051 shares of the firm’s stock in a transaction on Monday, February 3rd. The stock was sold at an average price of $100.00, for a total transaction of $205,100.00. Following the sale, the executive vice president now owns 8,330 shares of the company’s stock, valued at $833,000. This trade represents a 19.76 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. 1.02% of the stock is currently owned by insiders.

Wall Street Analyst Weigh In

Several equities research analysts recently issued reports on the company. Barclays boosted their price target on Cirrus Logic from $105.00 to $115.00 and gave the company an “equal weight” rating in a research note on Wednesday, February 5th. Benchmark reissued a “buy” rating and set a $125.00 target price on shares of Cirrus Logic in a report on Wednesday, March 19th. One equities research analyst has rated the stock with a hold rating and seven have assigned a buy rating to the stock. According to data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average price target of $132.86.

Cirrus Logic Price Performance

NASDAQ CRUS opened at $83.23 on Friday. The business has a fifty day moving average price of $102.80 and a two-hundred day moving average price of $107.08. The stock has a market capitalization of $4.42 billion, a PE ratio of 15.11 and a beta of 0.95. Cirrus Logic, Inc. has a fifty-two week low of $81.30 and a fifty-two week high of $147.46.

Cirrus Logic (NASDAQ:CRUS) last released its quarterly earnings data on Tuesday, February 4th. The semiconductor company reported $2.15 earnings per share for the quarter, missing the consensus estimate 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 expect that Cirrus Logic, Inc. will post 5.63 earnings per share for the current year.

Cirrus Logic Profile

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.