Natixis Advisors L.P. Has $5.23 Million Stake in Cirrus Logic, Inc. (NASDAQ:CRUS)

Natixis Advisors L.P. boosted its position in shares of Cirrus Logic, Inc. (NASDAQ:CRUS - Free Report) by 24.5% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 62,823 shares of the semiconductor company's stock after purchasing an additional 12,377 shares during the period. Natixis Advisors L.P. owned approximately 0.12% of Cirrus Logic worth $5,226,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in CRUS. FMR LLC raised its holdings in Cirrus Logic by 4.5% in the third quarter. FMR LLC now owns 7,552,630 shares of the semiconductor company's stock valued at $558,593,000 after acquiring an additional 327,269 shares in the last quarter. Vanguard Group Inc. raised its stake in Cirrus Logic by 1.7% during the third quarter. Vanguard Group Inc. now owns 6,299,658 shares of the semiconductor company's stock valued at $465,923,000 after buying an additional 105,577 shares in the last quarter. Mackenzie Financial Corp lifted its holdings in Cirrus Logic by 1.5% during the 4th quarter. Mackenzie Financial Corp now owns 2,485,746 shares of the semiconductor company's stock worth $206,789,000 after buying an additional 35,722 shares during the last quarter. LSV Asset Management increased its holdings in shares of Cirrus Logic by 0.9% in the 3rd quarter. LSV Asset Management now owns 1,307,419 shares of the semiconductor company's stock valued at $96,697,000 after acquiring an additional 12,300 shares during the last quarter. Finally, Earnest Partners LLC raised its position in shares of Cirrus Logic by 7.9% during the 3rd quarter. Earnest Partners LLC now owns 1,099,893 shares of the semiconductor company's stock valued at $81,348,000 after acquiring an additional 80,198 shares in the last quarter. Hedge funds and other institutional investors own 87.96% of the company's stock.

Insider Transactions at Cirrus Logic

In other Cirrus Logic news, SVP Justin E. Dougherty sold 3,280 shares of Cirrus Logic stock in a transaction that occurred on Thursday, February 22nd. The shares were sold at an average price of $91.40, for a total value of $299,792.00. Following the transaction, the senior vice president now owns 6,000 shares in the company, valued at $548,400. The transaction was disclosed in a document filed with the SEC, which is available at this link. Company insiders own 0.89% of the company's stock.

Analysts Set New Price Targets

Several research firms have weighed in on CRUS. Susquehanna boosted their target price on shares of Cirrus Logic from $100.00 to $120.00 and gave the company a "positive" rating in a research note on Wednesday. TD Cowen increased their price objective on shares of Cirrus Logic from $100.00 to $115.00 and gave the stock a "buy" rating in a research note on Wednesday. KeyCorp lifted their target price on Cirrus Logic from $100.00 to $120.00 and gave the company an "overweight" rating in a research note on Wednesday. StockNews.com upgraded Cirrus Logic from a "buy" rating to a "strong-buy" rating in a research report on Wednesday. Finally, Stifel Nicolaus upped their price objective on Cirrus Logic from $100.00 to $110.00 and gave the stock a "buy" rating in a research note on Wednesday. Six research analysts have rated the stock with a buy rating and one has given a strong buy rating to the stock. According to data from MarketBeat.com, the company currently has an average rating of "Buy" and an average target price of $107.86.

Cirrus Logic Stock Up 2.3 %

CRUS stock traded up $2.35 during trading on Friday, reaching $106.13. 676,647 shares of the company's stock were exchanged, compared to its average volume of 442,554. Cirrus Logic, Inc. has a 1-year low of $65.02 and a 1-year high of $107.01. The firm has a market cap of $5.72 billion, a PE ratio of 21.53 and a beta of 0.99. The company's fifty day moving average price is $90.37 and its 200-day moving average price is $83.84.

Cirrus Logic (NASDAQ:CRUS - Get Free Report) last posted its quarterly earnings data on Tuesday, February 6th. The semiconductor company reported $2.53 earnings per share for the quarter, topping the consensus estimate of $1.70 by $0.83. Cirrus Logic had a net margin of 15.35% and a return on equity of 16.49%. The business had revenue of $618.98 million during the quarter, compared to the consensus estimate of $539.55 million. As a group, sell-side analysts expect that Cirrus Logic, Inc. will post 4.77 earnings per share for the current fiscal year.

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 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 digital signal processing; boosted amplifiers; 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.