Fox Run Management L.L.C. Has $769,000 Stake in Cirrus Logic, Inc. (NASDAQ:CRUS)

Fox Run Management L.L.C. decreased its stake in Cirrus Logic, Inc. (NASDAQ:CRUS) by 45.8% during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 7,718 shares of the semiconductor company’s stock after selling 6,523 shares during the quarter. Fox Run Management L.L.C.’s holdings in Cirrus Logic were worth $769,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds also recently bought and sold shares of CRUS. Caprock Group LLC acquired a new position in Cirrus Logic in the third quarter worth $306,000. Massachusetts Financial Services Co. MA boosted its stake in Cirrus Logic by 5.6% in the third quarter. Massachusetts Financial Services Co. MA now owns 27,038 shares of the semiconductor company’s stock worth $3,358,000 after purchasing an additional 1,445 shares in the last quarter. Charles Schwab Investment Management Inc. boosted its stake in Cirrus Logic by 21.9% in the third quarter. Charles Schwab Investment Management Inc. now owns 720,771 shares of the semiconductor company’s stock worth $89,527,000 after purchasing an additional 129,457 shares in the last quarter. Citigroup Inc. boosted its stake in Cirrus Logic by 137.1% in the third quarter. Citigroup Inc. now owns 32,650 shares of the semiconductor company’s stock worth $4,055,000 after purchasing an additional 18,877 shares in the last quarter. Finally, Meridian Wealth Management LLC acquired a new position in Cirrus Logic in the third quarter worth $264,000. Institutional investors and hedge funds own 87.96% of the company’s stock.

Cirrus Logic Trading Down 0.1 %

Shares of NASDAQ:CRUS opened at $99.79 on Monday. The stock has a market capitalization of $5.30 billion, a P/E ratio of 18.11 and a beta of 0.89. Cirrus Logic, Inc. has a 1-year low of $81.30 and a 1-year high of $147.46. The business has a 50-day moving average price of $103.35 and a two-hundred day moving average price of $109.30.

Cirrus Logic (NASDAQ:CRUS) last announced its quarterly earnings results on Tuesday, February 4th. The semiconductor company reported $2.15 EPS for the quarter, missing analysts’ consensus estimates of $2.36 by ($0.21). Cirrus Logic had a net margin of 16.55% and a return on equity of 16.60%. As a group, equities analysts predict that Cirrus Logic, Inc. will post 5.63 EPS for the current year.

Analyst Ratings Changes

A number of equities analysts have commented on the company. 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. Barclays upped their price target on Cirrus Logic from $105.00 to $115.00 and gave the company an “equal weight” rating in a research note on Wednesday, February 5th. Finally, StockNews.com upgraded Cirrus Logic from a “hold” rating to a “buy” rating in a research report on Tuesday, December 3rd. One equities research analyst has rated the stock with a hold rating and seven have assigned a buy rating to the company’s stock. According to MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average price target of $132.86.

Insider Activity

In other news, EVP Jeffrey W. Baumgartner sold 2,051 shares of the company’s 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 sale, the executive vice president now directly owns 8,330 shares of the company’s stock, valued at $833,000. This represents a 19.76 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. 1.02% of the stock is currently owned by company 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.