Global X Japan Co. Ltd. Has $429,000 Position in Cirrus Logic, Inc. (NASDAQ:CRUS)

Global X Japan Co. Ltd. cut its position in Cirrus Logic, Inc. (NASDAQ:CRUS) by 15.8% during the 4th quarter, according to the company in its most recent disclosure with the SEC. The firm owned 4,309 shares of the semiconductor company’s stock after selling 806 shares during the period. Global X Japan Co. Ltd.’s holdings in Cirrus Logic were worth $429,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors also recently made changes to their positions in the company. Meritage Portfolio Management lifted its holdings in shares of Cirrus Logic by 12.2% during the 4th quarter. Meritage Portfolio Management now owns 3,971 shares of the semiconductor company’s stock valued at $395,000 after purchasing an additional 433 shares in the last quarter. E. Ohman J or Asset Management AB lifted its stake in Cirrus Logic by 10.4% in the fourth quarter. E. Ohman J or Asset Management AB now owns 19,091 shares of the semiconductor company’s stock valued at $1,901,000 after buying an additional 1,800 shares in the last quarter. RHS Financial LLC acquired a new position in shares of Cirrus Logic in the fourth quarter valued at approximately $225,000. Robeco Institutional Asset Management B.V. increased its position in shares of Cirrus Logic by 34.1% during the fourth quarter. Robeco Institutional Asset Management B.V. now owns 132,578 shares of the semiconductor company’s stock worth $13,202,000 after acquiring an additional 33,682 shares in the last quarter. Finally, R Squared Ltd acquired a new stake in shares of Cirrus Logic during the fourth quarter worth $47,000. 87.96% of the stock is owned by institutional investors.

Insider Buying and Selling at Cirrus Logic

In other Cirrus Logic news, EVP Jeffrey W. Baumgartner sold 2,051 shares of the company’s stock in a transaction that occurred on Monday, February 3rd. The stock was sold at an average price of $100.00, for a total value of $205,100.00. Following the sale, the executive vice president now owns 8,330 shares in the company, valued at $833,000. This represents a 19.76 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Corporate insiders own 1.02% of the company’s stock.

Cirrus Logic Stock Performance

Shares of NASDAQ CRUS opened at $106.77 on Friday. The stock has a 50 day moving average price of $102.54 and a 200 day moving average price of $115.86. The stock has a market capitalization of $5.67 billion, a PE ratio of 18.10 and a beta of 0.91. Cirrus Logic, Inc. has a 52 week low of $81.30 and a 52 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 EPS for the quarter, missing the consensus estimate of $2.36 by ($0.21). Cirrus Logic had a net margin of 17.19% and a return on equity of 18.15%. As a group, research analysts forecast that Cirrus Logic, Inc. will post 5.21 EPS for the current year.

Analyst Ratings Changes

A number of brokerages recently weighed in on CRUS. Barclays upped their target price on shares of Cirrus Logic from $105.00 to $115.00 and gave the stock an “equal weight” rating in a research note on Wednesday. StockNews.com raised Cirrus Logic from a “hold” rating to a “buy” rating in a research report on Tuesday, December 3rd. Loop Capital started coverage on Cirrus Logic in a research report on Tuesday, November 12th. They issued a “buy” rating and a $130.00 target price on the stock. Benchmark raised Cirrus Logic from a “hold” rating to a “buy” rating and set a $125.00 price target for the company in a research report on Wednesday. Finally, Stifel Nicolaus decreased their price target on shares of Cirrus Logic from $165.00 to $140.00 and set a “buy” rating for the company in a research note on Tuesday, November 5th. One equities research analyst has rated the stock with a hold rating and seven have issued a buy rating to the stock. According to data from MarketBeat.com, Cirrus Logic has an average rating of “Moderate Buy” and an average 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.