Swiss National Bank Has $10.47 Million Stock Holdings in Cirrus Logic, Inc. (NASDAQ:CRUS)

Swiss National Bank boosted its position in Cirrus Logic, Inc. (NASDAQ:CRUS) by 0.7% during the fourth quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 105,100 shares of the semiconductor company’s stock after buying an additional 700 shares during the quarter. Swiss National Bank owned approximately 0.20% of Cirrus Logic worth $10,466,000 as of its most recent filing with the SEC.

A number of other hedge funds and other institutional investors have also bought and sold shares of the company. Atria Investments Inc raised its position in Cirrus Logic by 2.9% in the 3rd quarter. Atria Investments Inc now owns 3,596 shares of the semiconductor company’s stock valued at $447,000 after buying an additional 101 shares during the last quarter. Arizona State Retirement System raised its position in Cirrus Logic by 0.7% in the 4th quarter. Arizona State Retirement System now owns 15,492 shares of the semiconductor company’s stock valued at $1,543,000 after buying an additional 101 shares during the last quarter. Truvestments Capital LLC raised its position in Cirrus Logic by 3.5% in the 4th quarter. Truvestments Capital LLC now owns 3,981 shares of the semiconductor company’s stock valued at $396,000 after buying an additional 133 shares during the last quarter. Captrust Financial Advisors increased its position in shares of Cirrus Logic by 5.3% during the 3rd quarter. Captrust Financial Advisors now owns 2,838 shares of the semiconductor company’s stock worth $353,000 after purchasing an additional 142 shares during the last quarter. Finally, Ritholtz Wealth Management increased its position in shares of Cirrus Logic by 4.1% during the 4th quarter. Ritholtz Wealth Management now owns 3,925 shares of the semiconductor company’s stock worth $391,000 after purchasing an additional 153 shares during the last quarter. Institutional investors and hedge funds own 87.96% of the company’s stock.

Analyst Ratings Changes

CRUS has been the topic of several recent analyst reports. StockNews.com raised Cirrus Logic from a “hold” rating to a “buy” rating in a research report on Tuesday, December 3rd. Benchmark reaffirmed a “buy” rating and set a $125.00 price target on shares of Cirrus Logic in a research report on Wednesday. Finally, Barclays boosted their price target on Cirrus Logic from $105.00 to $115.00 and gave the stock an “equal weight” rating in a research report on Wednesday, February 5th. One equities research analyst has rated the stock with a hold rating and seven have given a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average price target of $132.86.

Insider Activity at Cirrus Logic

In related news, EVP Jeffrey W. Baumgartner sold 2,051 shares of the business’s stock in a transaction 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 completion of the sale, the executive vice president now directly owns 8,330 shares in the company, valued at $833,000. The trade was a 19.76 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. 1.02% of the stock is currently owned by corporate insiders.

Cirrus Logic Trading Down 1.2 %

Shares of NASDAQ CRUS opened at $99.87 on Friday. Cirrus Logic, Inc. has a 12 month low of $81.30 and a 12 month high of $147.46. The stock has a 50 day moving average of $103.38 and a 200-day moving average of $110.02. The company has a market capitalization of $5.31 billion, a P/E ratio of 18.13 and a beta of 0.89.

Cirrus Logic (NASDAQ:CRUS) last issued its earnings results 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 return on equity of 16.60% and a net margin of 16.55%. Analysts predict that Cirrus Logic, Inc. will post 5.63 EPS for the current fiscal year.

About Cirrus Logic

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.