Stifel Financial Corp Purchases 2,646 Shares of Cirrus Logic, Inc. (NASDAQ:CRUS)

Stifel Financial Corp boosted its holdings in shares of Cirrus Logic, Inc. (NASDAQ:CRUS - Free Report) by 7.9% during the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 36,030 shares of the semiconductor company's stock after purchasing an additional 2,646 shares during the quarter. Stifel Financial Corp owned about 0.07% of Cirrus Logic worth $3,588,000 as of its most recent SEC filing.

Several other institutional investors have also bought and sold shares of the business. Kohmann Bosshard Financial Services LLC purchased a new stake in Cirrus Logic during the 4th quarter valued at $28,000. Westside Investment Management Inc. purchased a new position in shares of Cirrus Logic during the 3rd quarter worth about $35,000. Headlands Technologies LLC bought a new position in Cirrus Logic during the 4th quarter valued at about $39,000. Sound Income Strategies LLC purchased a new stake in Cirrus Logic in the 4th quarter worth about $46,000. Finally, R Squared Ltd bought a new position in shares of Cirrus Logic during the fourth quarter valued at approximately $47,000. Institutional investors own 87.96% of the company's stock.

Cirrus Logic Price Performance

NASDAQ CRUS traded up $0.29 during trading on Monday, reaching $98.49. 504,278 shares of the company's stock traded hands, compared to its average volume of 626,339. The company's 50 day simple moving average is $95.38 and its two-hundred day simple moving average is $101.99. Cirrus Logic, Inc. has a 12-month low of $75.83 and a 12-month high of $147.46. The firm has a market cap of $5.23 billion, a price-to-earnings ratio of 17.87 and a beta of 0.92.

Cirrus Logic (NASDAQ:CRUS - Get Free Report) last posted its earnings results on Tuesday, February 4th. The semiconductor company reported $2.15 earnings per share for the quarter, missing analysts' consensus estimates 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 expect that Cirrus Logic, Inc. will post 5.63 earnings per share for the current fiscal year.

Analysts Set New Price Targets

CRUS has been the subject of a number of recent analyst reports. Barclays dropped their price objective on Cirrus Logic from $115.00 to $80.00 and set an "equal weight" rating for the company in a report on Tuesday, April 22nd. Stifel Nicolaus lowered their price objective on shares of Cirrus Logic from $140.00 to $112.00 and set a "buy" rating for the company in a research report on Thursday, April 17th. Finally, Benchmark reaffirmed a "buy" rating and set a $125.00 target price on shares of Cirrus Logic in a research report on Wednesday, March 19th. One investment analyst has rated the stock with a hold rating and seven have given a buy rating to the stock. According to data from MarketBeat, Cirrus Logic presently has an average rating of "Moderate Buy" and a consensus price target of $123.86.

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.