Fuller & Thaler Asset Management Inc. increased its stake in shares of Cirrus Logic, Inc. (NASDAQ:CRUS) by 22.8% during the third quarter, according to its most recent filing with the SEC. The institutional investor owned 25,345 shares of the semiconductor company’s stock after purchasing an additional 4,700 shares during the period. Fuller & Thaler Asset Management Inc.’s holdings in Cirrus Logic were worth $1,351,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds also recently modified their holdings of the stock. Hanseatic Management Services Inc. lifted its holdings in Cirrus Logic by 0.3% during the 2nd quarter. Hanseatic Management Services Inc. now owns 29,468 shares of the semiconductor company’s stock worth $1,848,000 after purchasing an additional 75 shares in the last quarter. Teacher Retirement System of Texas lifted its holdings in Cirrus Logic by 1.5% during the 2nd quarter. Teacher Retirement System of Texas now owns 5,118 shares of the semiconductor company’s stock worth $321,000 after purchasing an additional 76 shares in the last quarter. World Asset Management Inc lifted its holdings in Cirrus Logic by 2.7% during the 2nd quarter. World Asset Management Inc now owns 4,071 shares of the semiconductor company’s stock worth $255,000 after purchasing an additional 106 shares in the last quarter. Capstone Asset Management Co. lifted its holdings in Cirrus Logic by 3.3% during the 2nd quarter. Capstone Asset Management Co. now owns 8,559 shares of the semiconductor company’s stock worth $537,000 after purchasing an additional 270 shares in the last quarter. Finally, Suntrust Banks Inc. lifted its holdings in Cirrus Logic by 2.5% during the 2nd quarter. Suntrust Banks Inc. now owns 12,253 shares of the semiconductor company’s stock worth $767,000 after purchasing an additional 298 shares in the last quarter. 87.77% of the stock is currently owned by institutional investors and hedge funds.

A number of equities analysts have weighed in on CRUS shares. Zacks Investment Research lowered Cirrus Logic from a “buy” rating to a “hold” rating in a research note on Thursday, November 9th. Stifel Nicolaus restated a “buy” rating and issued a $73.00 target price (down from $75.00) on shares of Cirrus Logic in a research note on Wednesday, August 9th. Needham & Company LLC restated a “buy” rating and issued a $80.00 target price on shares of Cirrus Logic in a research note on Friday, November 3rd. ValuEngine upgraded Cirrus Logic from a “hold” rating to a “buy” rating in a research note on Monday, October 2nd. Finally, Canaccord Genuity restated a “buy” rating and issued a $76.00 target price on shares of Cirrus Logic in a research note on Tuesday, September 19th. Two research analysts have rated the stock with a sell rating, four have issued a hold rating, eleven have given a buy rating and one has assigned a strong buy rating to the stock. The company currently has an average rating of “Buy” and a consensus price target of $67.05.

Cirrus Logic, Inc. (CRUS) opened at $56.47 on Friday. Cirrus Logic, Inc. has a 1 year low of $49.05 and a 1 year high of $71.97. The stock has a market capitalization of $3,600.00, a P/E ratio of 12.89, a P/E/G ratio of 1.48 and a beta of 0.05.

Cirrus Logic (NASDAQ:CRUS) last released its quarterly earnings data on Thursday, November 2nd. The semiconductor company reported $1.36 earnings per share for the quarter, topping the consensus estimate of $1.20 by $0.16. Cirrus Logic had a return on equity of 25.37% and a net margin of 17.11%. The business had revenue of $425.50 million during the quarter, compared to analysts’ expectations of $410.32 million. During the same quarter last year, the business posted $1.35 EPS. The business’s revenue was down .7% on a year-over-year basis. equities analysts forecast that Cirrus Logic, Inc. will post 4.21 EPS for the current year.

In other Cirrus Logic news, VP Bradley J. Fluke sold 7,325 shares of the stock in a transaction that occurred on Monday, October 2nd. The stock was sold at an average price of $53.44, for a total value of $391,448.00. Following the completion of the sale, the vice president now owns 12,000 shares in the company, valued at approximately $641,280. The transaction was disclosed in a document filed with the SEC, which is available at this link. Also, Director Christine King sold 5,000 shares of the stock in a transaction that occurred on Monday, October 16th. The stock was sold at an average price of $54.51, for a total value of $272,550.00. Following the completion of the sale, the director now owns 16,182 shares of the company’s stock, valued at approximately $882,080.82. The disclosure for this sale can be found here. In the last quarter, insiders sold 22,863 shares of company stock valued at $1,251,735. Company insiders own 1.92% of the company’s stock.

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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.

Institutional Ownership by Quarter for Cirrus Logic (NASDAQ:CRUS)

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