Cirrus Logic, Inc. (NASDAQ:CRUS) Shares Sold by Dimensional Fund Advisors LP

Dimensional Fund Advisors LP trimmed its holdings in shares of Cirrus Logic, Inc. (NASDAQ:CRUS) by 3.8% during the second quarter, according to its most recent Form 13F filing with the SEC. The firm owned 1,264,408 shares of the semiconductor company’s stock after selling 49,506 shares during the period. Dimensional Fund Advisors LP owned 2.37% of Cirrus Logic worth $161,414,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds also recently modified their holdings of CRUS. Atlas Capital Advisors LLC raised its holdings in shares of Cirrus Logic by 103.0% during the first quarter. Atlas Capital Advisors LLC now owns 402 shares of the semiconductor company’s stock worth $37,000 after purchasing an additional 204 shares during the period. Quadrant Capital Group LLC raised its holdings in shares of Cirrus Logic by 72.3% during the fourth quarter. Quadrant Capital Group LLC now owns 510 shares of the semiconductor company’s stock worth $42,000 after purchasing an additional 214 shares during the period. Versant Capital Management Inc raised its holdings in shares of Cirrus Logic by 1,911.1% during the second quarter. Versant Capital Management Inc now owns 362 shares of the semiconductor company’s stock worth $46,000 after purchasing an additional 344 shares during the period. GAMMA Investing LLC raised its holdings in shares of Cirrus Logic by 79.5% during the second quarter. GAMMA Investing LLC now owns 474 shares of the semiconductor company’s stock worth $61,000 after purchasing an additional 210 shares during the period. Finally, 1620 Investment Advisors Inc. bought a new position in shares of Cirrus Logic during the second quarter worth about $77,000. 87.96% of the stock is owned by institutional investors and hedge funds.

Cirrus Logic Stock Down 1.6 %

Shares of CRUS opened at $123.11 on Friday. The firm has a 50-day moving average price of $134.19 and a 200 day moving average price of $115.01. The firm has a market capitalization of $6.58 billion, a PE ratio of 24.97 and a beta of 0.97. Cirrus Logic, Inc. has a 52-week low of $65.02 and a 52-week high of $147.46.

Cirrus Logic (NASDAQ:CRUS) last announced its earnings results on Tuesday, August 6th. The semiconductor company reported $1.12 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.62 by $0.50. The firm had revenue of $374.03 million during the quarter, compared to analyst estimates of $318.41 million. Cirrus Logic had a net margin of 16.31% and a return on equity of 17.42%. Cirrus Logic’s revenue was up 18.0% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $0.35 EPS. On average, equities analysts expect that Cirrus Logic, Inc. will post 5.35 EPS for the current year.

Insider Activity

In other news, VP Andrew Brannan sold 4,350 shares of the firm’s stock in a transaction dated Wednesday, August 14th. The shares were sold at an average price of $136.04, for a total transaction of $591,774.00. Following the completion of the transaction, the vice president now owns 4,004 shares in the company, valued at approximately $544,704.16. The transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website. In other news, SVP Justin E. Dougherty sold 10,203 shares of the firm’s stock in a transaction dated Friday, August 9th. The shares were sold at an average price of $131.71, for a total transaction of $1,343,837.13. Following the completion of the transaction, the senior vice president now owns 4,838 shares in the company, valued at approximately $637,212.98. The transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Also, VP Andrew Brannan sold 4,350 shares of the company’s stock in a transaction dated Wednesday, August 14th. The shares were sold at an average price of $136.04, for a total transaction of $591,774.00. Following the sale, the vice president now directly owns 4,004 shares of the company’s stock, valued at $544,704.16. The disclosure for this sale can be found here. Insiders own 1.02% of the company’s stock.

Analyst Upgrades and Downgrades

Several equities analysts have recently commented on CRUS shares. Barclays upped their price target on shares of Cirrus Logic from $110.00 to $140.00 and gave the stock an “overweight” rating in a research report on Wednesday, August 7th. StockNews.com lowered shares of Cirrus Logic from a “strong-buy” rating to a “buy” rating in a research report on Thursday, August 15th. KeyCorp upped their price target on shares of Cirrus Logic from $155.00 to $165.00 and gave the stock an “overweight” rating in a research report on Wednesday, August 7th. Stifel Nicolaus upped their price target on shares of Cirrus Logic from $110.00 to $165.00 and gave the stock a “buy” rating in a research report on Thursday, July 18th. Finally, Susquehanna upped their price target on shares of Cirrus Logic from $120.00 to $175.00 and gave the stock a “positive” rating in a research report on Wednesday, July 17th. One analyst has rated the stock with a hold rating and seven have issued a buy rating to the stock. Based on data from MarketBeat.com, Cirrus Logic has a consensus rating of “Moderate Buy” and a consensus target price of $143.33.

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.