Cirrus Logic Inc. (NASDAQ:CRUS) Director Alan R. Schuele sold 7,500 shares of the company’s stock in a transaction dated Friday, November 18th. The shares were sold at an average price of $57.50, for a total transaction of $431,250.00. Following the sale, the director now owns 15,609 shares in the company, valued at $897,517.50. The sale was disclosed in a filing with the SEC, which is available at this link.

Cirrus Logic Inc. (NASDAQ:CRUS) traded down 1.11% during trading on Monday, hitting $57.15. 1,218,932 shares of the stock were exchanged. Cirrus Logic Inc. has a 12 month low of $25.09 and a 12 month high of $59.50. The stock has a market cap of $3.64 billion, a P/E ratio of 25.20 and a beta of 0.29. The stock’s 50 day moving average price is $54.06 and its 200 day moving average price is $45.82.

Cirrus Logic (NASDAQ:CRUS) last posted its quarterly earnings results on Thursday, October 27th. The company reported $1.35 earnings per share for the quarter, topping analysts’ consensus estimates of $1.05 by $0.30. The firm had revenue of $428.62 million for the quarter, compared to analyst estimates of $396.75 million. Cirrus Logic had a net margin of 11.78% and a return on equity of 18.83%. Cirrus Logic’s quarterly revenue was up 39.7% on a year-over-year basis. During the same period in the previous year, the business posted $0.65 earnings per share. Analysts forecast that Cirrus Logic Inc. will post $4.09 EPS for the current fiscal year.

Insider Buying and Selling by Quarter for Cirrus Logic (NASDAQ:CRUS)

Several analysts have recently issued reports on the stock. Pacific Crest restated an “equal weight” rating on shares of Cirrus Logic in a research report on Friday, July 29th. Stifel Nicolaus increased their price objective on shares of Cirrus Logic from $62.00 to $68.00 and gave the stock a “buy” rating in a research report on Friday, October 28th. Canaccord Genuity increased their price objective on shares of Cirrus Logic from $65.00 to $70.00 and gave the stock a “buy” rating in a research report on Friday, October 28th. Needham & Company LLC increased their price objective on shares of Cirrus Logic from $50.00 to $55.00 and gave the stock a “buy” rating in a research report on Thursday, July 28th. Finally, Zacks Investment Research raised shares of Cirrus Logic from a “hold” rating to a “strong-buy” rating and set a $56.00 price objective on the stock in a research report on Monday, August 1st. Three investment analysts have rated the stock with a hold rating, eight have given a buy rating and one has assigned a strong buy rating to the stock. The stock currently has a consensus rating of “Buy” and a consensus target price of $54.36.

A number of institutional investors have recently bought and sold shares of the stock. Thompson Davis & CO. Inc. raised its position in Cirrus Logic by 170.1% in the third quarter. Thompson Davis & CO. Inc. now owns 2,120 shares of the company’s stock valued at $113,000 after buying an additional 1,335 shares during the last quarter. Advisor Group Inc. raised its position in Cirrus Logic by 84.1% in the third quarter. Advisor Group Inc. now owns 2,145 shares of the company’s stock valued at $113,000 after buying an additional 980 shares during the last quarter. Public Employees Retirement System of Ohio raised its position in Cirrus Logic by 6.8% in the second quarter. Public Employees Retirement System of Ohio now owns 3,090 shares of the company’s stock valued at $120,000 after buying an additional 196 shares during the last quarter. Zurcher Kantonalbank Zurich Cantonalbank raised its position in Cirrus Logic by 10.7% in the third quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 2,377 shares of the company’s stock valued at $126,000 after buying an additional 229 shares during the last quarter. Finally, Huntington National Bank raised its position in Cirrus Logic by 9.1% in the third quarter. Huntington National Bank now owns 2,431 shares of the company’s stock valued at $129,000 after buying an additional 203 shares during the last quarter. Institutional investors own 87.61% of the company’s stock.

About Cirrus Logic

Cirrus Logic, Inc is engaged in providing integrated circuits (ICs) for audio and voice signal processing applications. The Company develops analog and mixed-signal ICs for a range of customers. The Company offers two product lines: Portable Audio, and Non-Portable Audio and Other. The Company’s primary facility housing engineering, sales and marketing, and administration functions is located in Austin, Texas.

5 Day Chart for NASDAQ:CRUS

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