Y Intercept Hong Kong Ltd Has $1.52 Million Position in Cirrus Logic, Inc. (NASDAQ:CRUS)

Y Intercept Hong Kong Ltd lessened its holdings in Cirrus Logic, Inc. (NASDAQ:CRUS) by 25.6% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 15,243 shares of the semiconductor company’s stock after selling 5,233 shares during the quarter. Y Intercept Hong Kong Ltd’s holdings in Cirrus Logic were worth $1,518,000 at the end of the most recent reporting period.

A number of other large investors have also added to or reduced their stakes in CRUS. Creative Planning raised its holdings in Cirrus Logic by 35.7% in the 3rd quarter. Creative Planning now owns 10,200 shares of the semiconductor company’s stock valued at $1,267,000 after buying an additional 2,682 shares during the last quarter. Raymond James & Associates raised its holdings in Cirrus Logic by 48.4% in the 3rd quarter. Raymond James & Associates now owns 33,459 shares of the semiconductor company’s stock valued at $4,156,000 after buying an additional 10,919 shares during the last quarter. Arkadios Wealth Advisors raised its holdings in Cirrus Logic by 43.6% in the 3rd quarter. Arkadios Wealth Advisors now owns 6,336 shares of the semiconductor company’s stock valued at $787,000 after buying an additional 1,923 shares during the last quarter. Wealth Enhancement Advisory Services LLC raised its holdings in Cirrus Logic by 43.1% in the 3rd quarter. Wealth Enhancement Advisory Services LLC now owns 5,874 shares of the semiconductor company’s stock valued at $730,000 after buying an additional 1,770 shares during the last quarter. Finally, State of Alaska Department of Revenue raised its holdings in Cirrus Logic by 0.8% in the 3rd quarter. State of Alaska Department of Revenue now owns 55,872 shares of the semiconductor company’s stock valued at $6,939,000 after buying an additional 420 shares during the last quarter. Institutional investors own 87.96% of the company’s stock.

Insider Activity

In related news, EVP Jeffrey W. Baumgartner sold 2,051 shares of Cirrus Logic stock in a transaction on Monday, February 3rd. The shares were sold at an average price of $100.00, for a total value of $205,100.00. Following the completion of the sale, the executive vice president now owns 8,330 shares of the company’s stock, valued at approximately $833,000. This trade represents a 19.76 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. 1.02% of the stock is currently owned by company insiders.

Cirrus Logic Stock Down 1.0 %

NASDAQ:CRUS opened at $107.48 on Wednesday. The company has a fifty day moving average of $103.15 and a 200-day moving average of $114.18. The firm has a market capitalization of $5.71 billion, a P/E ratio of 19.51 and a beta of 0.91. Cirrus Logic, Inc. has a twelve month low of $81.30 and a twelve month 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%. On average, analysts anticipate that Cirrus Logic, Inc. will post 5.63 EPS for the current fiscal year.

Analyst Ratings Changes

CRUS has been the subject of a number of research reports. Barclays raised their price objective on shares of Cirrus Logic from $105.00 to $115.00 and gave the company an “equal weight” rating in a report on Wednesday, February 5th. Loop Capital started coverage on shares of Cirrus Logic in a report on Tuesday, November 12th. They set a “buy” rating and a $130.00 price target for the company. Benchmark upgraded shares of Cirrus Logic from a “hold” rating to a “buy” rating and set a $125.00 price target for the company in a report on Wednesday, February 5th. StockNews.com upgraded shares of Cirrus Logic from a “hold” rating to a “buy” rating in a report on Tuesday, December 3rd. Finally, Susquehanna raised their price target on shares of Cirrus Logic from $135.00 to $140.00 and gave the stock a “positive” rating in a report on Monday, November 18th. One equities research analyst has rated the stock with a hold rating and seven have issued a buy rating to the company. According to data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $132.86.

Cirrus Logic Company 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.