Natixis Advisors LLC Increases Stake in Cirrus Logic, Inc. (NASDAQ:CRUS)

Natixis Advisors LLC boosted its position in shares of Cirrus Logic, Inc. (NASDAQ:CRUS) by 8.3% in the fourth quarter, according to the company in its most recent filing with the SEC. The firm owned 109,965 shares of the semiconductor company’s stock after acquiring an additional 8,459 shares during the quarter. Natixis Advisors LLC owned about 0.21% of Cirrus Logic worth $10,950,000 at the end of the most recent reporting period.

A number of other large investors have also recently bought and sold shares of the company. Atria Investments Inc lifted its position in Cirrus Logic by 2.9% during the third quarter. Atria Investments Inc now owns 3,596 shares of the semiconductor company’s stock valued at $447,000 after purchasing an additional 101 shares during the period. Sumitomo Mitsui Trust Group Inc. purchased a new stake in shares of Cirrus Logic in the third quarter worth about $415,000. Victory Capital Management Inc. grew its holdings in Cirrus Logic by 165.6% during the third quarter. Victory Capital Management Inc. now owns 44,681 shares of the semiconductor company’s stock worth $5,550,000 after acquiring an additional 27,856 shares during the period. Huntington National Bank raised its position in Cirrus Logic by 10,500.0% during the third quarter. Huntington National Bank now owns 212 shares of the semiconductor company’s stock valued at $26,000 after acquiring an additional 210 shares in the last quarter. Finally, Quest Partners LLC lifted its holdings in Cirrus Logic by 67.4% in the third quarter. Quest Partners LLC now owns 5,466 shares of the semiconductor company’s stock valued at $679,000 after acquiring an additional 2,201 shares during the period. Hedge funds and other institutional investors own 87.96% of the company’s stock.

Cirrus Logic Price Performance

Shares of CRUS stock opened at $101.05 on Thursday. The company has a market capitalization of $5.37 billion, a PE ratio of 18.34 and a beta of 0.89. The firm’s 50-day moving average is $103.48 and its two-hundred day moving average is $110.09. Cirrus Logic, Inc. has a 12 month low of $81.30 and a 12 month high of $147.46.

Cirrus Logic (NASDAQ:CRUS) last released its quarterly 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%. Sell-side analysts forecast that Cirrus Logic, Inc. will post 5.63 EPS for the current year.

Analyst Upgrades and Downgrades

Several equities analysts have recently weighed in on the stock. Barclays lifted their target price 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. StockNews.com upgraded shares of Cirrus Logic from a “hold” rating to a “buy” rating in a research report on Tuesday, December 3rd. Finally, Benchmark reaffirmed a “buy” rating and set a $125.00 target price on shares of Cirrus Logic in a research note on Wednesday. One research analyst has rated the stock with a hold rating and seven have issued a buy rating to the company. According to MarketBeat.com, Cirrus Logic has an average rating of “Moderate Buy” and an average target price of $132.86.

Insider Activity

In other Cirrus Logic news, EVP Jeffrey W. Baumgartner sold 2,051 shares of Cirrus Logic stock in a transaction dated 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 transaction, 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 is available through this link. Insiders own 1.02% of the company’s stock.

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.