Dynamic Technology Lab Private Ltd Has $1.44 Million Stock Holdings in Cirrus Logic, Inc. (NASDAQ:CRUS)

Dynamic Technology Lab Private Ltd decreased its position in shares of Cirrus Logic, Inc. (NASDAQ:CRUS) by 32.8% in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 14,499 shares of the semiconductor company’s stock after selling 7,063 shares during the period. Dynamic Technology Lab Private Ltd’s holdings in Cirrus Logic were worth $1,444,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. Kohmann Bosshard Financial Services LLC acquired a new stake in shares of Cirrus Logic during the 4th quarter valued at about $28,000. Westside Investment Management Inc. acquired a new stake in Cirrus Logic in the third quarter valued at approximately $35,000. Headlands Technologies LLC bought a new stake in Cirrus Logic in the fourth quarter worth approximately $39,000. Sound Income Strategies LLC acquired a new position in shares of Cirrus Logic during the 4th quarter worth $46,000. Finally, R Squared Ltd bought a new position in shares of Cirrus Logic during the 4th quarter valued at $47,000. Hedge funds and other institutional investors own 87.96% of the company’s stock.

Analyst Ratings Changes

Several equities analysts have commented on the stock. Barclays increased 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 report on Wednesday, February 5th. Benchmark reissued a “buy” rating and issued a $125.00 price objective on shares of Cirrus Logic in a research note on Wednesday, March 19th. One equities research analyst has rated the stock with a hold rating and seven have assigned a buy rating to the company. Based on data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $132.86.

Cirrus Logic Stock Down 6.3 %

Shares of NASDAQ:CRUS opened at $83.23 on Friday. The business has a 50 day moving average price of $102.80 and a 200 day moving average price of $107.20. The company has a market cap of $4.42 billion, a price-to-earnings ratio of 15.11 and a beta of 0.95. Cirrus Logic, Inc. has a twelve month low of $81.30 and a twelve month high of $147.46.

Cirrus Logic (NASDAQ:CRUS) last announced its quarterly earnings data on Tuesday, February 4th. The semiconductor company reported $2.15 earnings per share (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 anticipate that Cirrus Logic, Inc. will post 5.63 EPS for the current year.

Insider Activity at Cirrus Logic

In other news, EVP Jeffrey W. Baumgartner sold 2,051 shares of the business’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 transaction of $205,100.00. Following the sale, the executive vice president now directly owns 8,330 shares in the company, valued at approximately $833,000. The trade was a 19.76 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. 1.02% of the stock is owned by corporate insiders.

Cirrus Logic 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.