Royce & Associates LP Has $64.46 Million Holdings in Cirrus Logic, Inc. (NASDAQ:CRUS)

Royce & Associates LP boosted its holdings in shares of Cirrus Logic, Inc. (NASDAQ:CRUS) by 4.1% in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 647,332 shares of the semiconductor company’s stock after acquiring an additional 25,746 shares during the quarter. Cirrus Logic accounts for about 0.6% of Royce & Associates LP’s investment portfolio, making the stock its 26th largest holding. Royce & Associates LP owned 1.22% of Cirrus Logic worth $64,461,000 as of its most recent SEC filing.

Several other institutional investors have also made changes to their positions in CRUS. Atria Investments Inc grew its holdings in shares of Cirrus Logic by 2.9% during the 3rd quarter. Atria Investments Inc now owns 3,596 shares of the semiconductor company’s stock worth $447,000 after purchasing an additional 101 shares in the last quarter. Arizona State Retirement System boosted its stake in Cirrus Logic by 0.7% during the 4th quarter. Arizona State Retirement System now owns 15,492 shares of the semiconductor company’s stock worth $1,543,000 after acquiring an additional 101 shares during the last quarter. Truvestments Capital LLC grew its holdings in shares of 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 period. Captrust Financial Advisors grew its stake in Cirrus Logic by 5.3% in the third quarter. Captrust Financial Advisors now owns 2,838 shares of the semiconductor company’s stock valued at $353,000 after acquiring an additional 142 shares during the period. Finally, Ritholtz Wealth Management grew its position in shares of Cirrus Logic by 4.1% in the 4th quarter. Ritholtz Wealth Management now owns 3,925 shares of the semiconductor company’s stock valued at $391,000 after purchasing an additional 153 shares during the period. 87.96% of the stock is currently owned by institutional investors and hedge funds.

Insider Buying and Selling

In other Cirrus Logic news, EVP Jeffrey W. Baumgartner sold 2,051 shares of the business’s stock in a transaction that occurred on Monday, February 3rd. The shares were 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 of the company’s stock, valued at $833,000. The trade was a 19.76 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. 1.02% of the stock is owned by corporate insiders.

Cirrus Logic Stock Up 1.5 %

NASDAQ CRUS opened at $99.82 on Friday. The firm has a 50-day moving average price of $103.70 and a two-hundred day moving average price of $110.99. The company has a market capitalization of $5.30 billion, a P/E ratio of 18.12 and a beta of 0.89. Cirrus Logic, Inc. has a 12-month low of $81.30 and a 12-month high of $147.46.

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 net margin of 16.55% and a return on equity of 16.60%. Equities analysts expect that Cirrus Logic, Inc. will post 5.63 EPS for the current year.

Analyst Upgrades and Downgrades

Several analysts have commented on the stock. Susquehanna raised their target price on shares of Cirrus Logic from $135.00 to $140.00 and gave the stock a “positive” rating in a report on Monday, November 18th. Barclays lifted their price objective on shares of Cirrus Logic from $105.00 to $115.00 and gave the company an “equal weight” rating in a research report on Wednesday, February 5th. Benchmark raised shares of Cirrus Logic from a “hold” rating to a “buy” rating and set a $125.00 price objective for the company in a research report on Wednesday, February 5th. Finally, StockNews.com raised shares of Cirrus Logic from a “hold” rating to a “buy” rating in a report on Tuesday, December 3rd. One investment analyst has rated the stock with a hold rating and seven have assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average target price of $132.86.

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.