Susquehanna Fundamental Investments LLC Invests $4.59 Million in Cirrus Logic, Inc. (NASDAQ:CRUS)

Susquehanna Fundamental Investments LLC bought a new position in Cirrus Logic, Inc. (NASDAQ:CRUS - Free Report) in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund bought 46,134 shares of the semiconductor company's stock, valued at approximately $4,594,000. Susquehanna Fundamental Investments LLC owned approximately 0.09% of Cirrus Logic as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other large investors also recently modified their holdings of the stock. Pinebridge Investments L.P. increased its stake in Cirrus Logic by 4.9% during the 4th quarter. Pinebridge Investments L.P. now owns 48,479 shares of the semiconductor company's stock valued at $4,828,000 after purchasing an additional 2,254 shares in the last quarter. Dark Forest Capital Management LP bought a new stake in shares of Cirrus Logic during the fourth quarter worth about $670,000. Stifel Financial Corp raised its holdings in shares of Cirrus Logic by 7.9% in the 4th quarter. Stifel Financial Corp now owns 36,030 shares of the semiconductor company's stock worth $3,588,000 after acquiring an additional 2,646 shares during the last quarter. State of Tennessee Department of Treasury lifted its position in Cirrus Logic by 2.9% in the 4th quarter. State of Tennessee Department of Treasury now owns 26,317 shares of the semiconductor company's stock valued at $2,621,000 after acquiring an additional 750 shares in the last quarter. Finally, Tower Research Capital LLC TRC boosted its stake in Cirrus Logic by 121.5% during the 4th quarter. Tower Research Capital LLC TRC now owns 5,421 shares of the semiconductor company's stock valued at $540,000 after purchasing an additional 2,974 shares during the last quarter. Institutional investors and hedge funds own 87.96% of the company's stock.

Wall Street Analysts Forecast Growth

A number of research firms have recently weighed in on CRUS. 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 reduced their target price on shares of Cirrus Logic from $115.00 to $80.00 and set an "equal weight" rating for the company in a research note on Tuesday, April 22nd. Finally, Stifel Nicolaus dropped their price target on shares of Cirrus Logic from $140.00 to $112.00 and set a "buy" rating on the stock in a research report on Thursday, April 17th. One research analyst has rated the stock with a hold rating and seven have assigned a buy rating to the stock. According to data from MarketBeat, Cirrus Logic currently has a consensus rating of "Moderate Buy" and a consensus target price of $123.86.

Insider Activity at Cirrus Logic

In other Cirrus Logic news, EVP Jeffrey W. Baumgartner sold 2,051 shares of the business's stock in a transaction on Monday, February 3rd. The shares were sold at an average price of $100.00, for a total transaction of $205,100.00. Following the sale, the executive vice president now owns 8,330 shares of the company's stock, valued at $833,000. The trade was a 19.76 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through this link. 1.02% of the stock is currently owned by company insiders.

Cirrus Logic Stock Performance

CRUS stock traded up $2.66 during mid-day trading on Friday, hitting $98.20. The company had a trading volume of 420,127 shares, compared to its average volume of 624,683. Cirrus Logic, Inc. has a 12 month low of $75.83 and a 12 month high of $147.46. The stock's fifty day moving average price is $95.57 and its two-hundred day moving average price is $102.45. The firm has a market cap of $5.22 billion, a PE ratio of 17.82 and a beta of 0.95.

Cirrus Logic (NASDAQ:CRUS - Get Free Report) last posted its quarterly earnings data 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%. Equities analysts anticipate that Cirrus Logic, Inc. will post 5.63 earnings per share for the current year.

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.