Grantham Mayo Van Otterloo & Co. LLC Boosts Holdings in Cirrus Logic, Inc. (NASDAQ:CRUS)

Grantham Mayo Van Otterloo & Co. LLC increased its stake in shares of Cirrus Logic, Inc. (NASDAQ:CRUS) by 44.6% in the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 411,508 shares of the semiconductor company’s stock after purchasing an additional 126,886 shares during the period. Grantham Mayo Van Otterloo & Co. LLC owned 0.77% of Cirrus Logic worth $40,978,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Arizona State Retirement System increased its position in shares of Cirrus Logic by 0.7% during the fourth quarter. Arizona State Retirement System now owns 15,492 shares of the semiconductor company’s stock worth $1,543,000 after purchasing an additional 101 shares in the last quarter. Truvestments Capital LLC boosted its position in Cirrus Logic by 3.5% during the fourth quarter. Truvestments Capital LLC now owns 3,981 shares of the semiconductor company’s stock worth $396,000 after acquiring an additional 133 shares during the last quarter. Captrust Financial Advisors raised its holdings in Cirrus Logic by 5.3% in the 3rd 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 last quarter. Ritholtz Wealth Management lifted its stake in Cirrus Logic by 4.1% in 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 in the last quarter. Finally, Bartlett & CO. Wealth Management LLC grew its position in shares of Cirrus Logic by 40.0% in the fourth quarter. Bartlett & CO. Wealth Management LLC now owns 700 shares of the semiconductor company’s stock valued at $70,000 after purchasing an additional 200 shares in the last quarter. 87.96% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

Several analysts have issued reports on the company. Benchmark restated a “buy” rating and issued a $125.00 target price on shares of Cirrus Logic in a report on Wednesday, March 19th. Barclays upped their price objective on shares of Cirrus Logic from $105.00 to $115.00 and gave the company an “equal weight” rating in a report on Wednesday, February 5th. One research analyst has rated the stock with a hold rating and seven have issued a buy rating to the stock. According to MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average target price of $132.86.

Cirrus Logic Trading Down 6.3 %

NASDAQ CRUS opened at $83.23 on Friday. The stock has a fifty day simple moving average of $102.80 and a 200-day simple moving average of $107.20. The stock has a market cap of $4.42 billion, a PE 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 earnings results on Tuesday, February 4th. The semiconductor company reported $2.15 earnings per share 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%. Research analysts predict that Cirrus Logic, Inc. will post 5.63 EPS for the current year.

Insider Buying and Selling

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 sale, the executive vice president now owns 8,330 shares in the company, valued at approximately $833,000. The trade was a 19.76 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. 1.02% of the stock is currently 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.