Cirrus Logic, Inc. (NASDAQ:CRUS) Director Christine King sold 5,000 shares of Cirrus Logic 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 sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website.

Christine King also recently made the following trade(s):

  • On Monday, October 16th, Christine King sold 5,000 shares of Cirrus Logic stock. The shares were sold at an average price of $54.51, for a total transaction of $272,550.00.
  • On Friday, September 15th, Christine King sold 5,000 shares of Cirrus Logic stock. The shares were sold at an average price of $57.42, for a total transaction of $287,100.00.

Cirrus Logic, Inc. (CRUS) traded up $0.51 during midday trading on Friday, hitting $55.77. 568,857 shares of the stock were exchanged, compared to its average volume of 1,156,763. Cirrus Logic, Inc. has a twelve month low of $49.05 and a twelve month high of $71.97. The firm has a market capitalization of $3,520.00, a PE ratio of 12.72, a P/E/G ratio of 1.42 and a beta of 0.05.

Cirrus Logic (NASDAQ:CRUS) last posted its earnings results on Thursday, November 2nd. The semiconductor company reported $1.36 EPS for the quarter, topping analysts’ consensus estimates of $1.20 by $0.16. The business had revenue of $425.50 million for the quarter, compared to analysts’ expectations of $410.32 million. Cirrus Logic had a net margin of 17.11% and a return on equity of 25.37%. The business’s revenue for the quarter was down .7% compared to the same quarter last year. During the same period in the previous year, the company posted $1.35 earnings per share. sell-side analysts expect that Cirrus Logic, Inc. will post 4.31 earnings per share for the current year.

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A number of brokerages have weighed in on CRUS. Stifel Nicolaus reaffirmed a “buy” rating and set a $75.00 price target on shares of Cirrus Logic in a research report on Thursday, August 3rd. BidaskClub cut shares of Cirrus Logic from a “strong-buy” rating to a “buy” rating in a research report on Wednesday, August 2nd. Vetr raised shares of Cirrus Logic from a “buy” rating to a “strong-buy” rating and set a $66.67 price target on the stock in a research report on Thursday, August 3rd. Bank of America Corporation began coverage on shares of Cirrus Logic in a research report on Monday, September 18th. They set an “underperform” rating and a $50.00 price target on the stock. Finally, Zacks Investment Research raised shares of Cirrus Logic from a “hold” rating to a “buy” rating and set a $64.00 price target on the stock in a research report on Monday, August 7th. Two analysts have rated the stock with a sell rating, four have issued a hold rating, eleven have assigned a buy rating and one has given a strong buy rating to the company’s stock. The company presently has an average rating of “Buy” and an average target price of $67.05.

Several large investors have recently modified their holdings of CRUS. Old Mutual Global Investors UK Ltd. increased its stake in shares of Cirrus Logic by 187.2% in the third quarter. Old Mutual Global Investors UK Ltd. now owns 870,484 shares of the semiconductor company’s stock worth $46,414,000 after buying an additional 567,354 shares during the last quarter. LSV Asset Management increased its stake in shares of Cirrus Logic by 27.3% in the second quarter. LSV Asset Management now owns 2,597,827 shares of the semiconductor company’s stock worth $162,935,000 after buying an additional 557,048 shares during the last quarter. Koch Industries Inc. increased its stake in shares of Cirrus Logic by 3,884.7% in the second quarter. Koch Industries Inc. now owns 494,467 shares of the semiconductor company’s stock worth $487,000 after buying an additional 482,058 shares during the last quarter. Prudential Financial Inc. increased its stake in shares of Cirrus Logic by 69.6% in the third quarter. Prudential Financial Inc. now owns 967,033 shares of the semiconductor company’s stock worth $51,562,000 after buying an additional 396,890 shares during the last quarter. Finally, JPMorgan Chase & Co. increased its stake in shares of Cirrus Logic by 111.7% in the second quarter. JPMorgan Chase & Co. now owns 565,509 shares of the semiconductor company’s stock worth $35,470,000 after buying an additional 298,388 shares during the last quarter. Institutional investors and hedge funds own 91.50% of the company’s stock.

About Cirrus Logic

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.

Insider Buying and Selling by Quarter for Cirrus Logic (NASDAQ:CRUS)

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