6,233 Shares in Cirrus Logic, Inc. (CRUS) Acquired by Sciencast Management LP

Sciencast Management LP acquired a new stake in shares of Cirrus Logic, Inc. (NASDAQ:CRUS) in the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm acquired 6,233 shares of the semiconductor company’s stock, valued at approximately $391,000.

A number of other large investors have also bought and sold shares of CRUS. Karp Capital Management Corp bought a new stake in Cirrus Logic during the first quarter valued at $878,000. Envestnet Asset Management Inc. boosted its stake in Cirrus Logic by 76.4% during the first quarter. Envestnet Asset Management Inc. now owns 3,778 shares of the semiconductor company’s stock valued at $228,000 after buying an additional 1,636 shares during the period. Los Angeles Capital Management & Equity Research Inc. bought a new stake in Cirrus Logic during the first quarter valued at $278,000. SG Americas Securities LLC boosted its stake in Cirrus Logic by 78.7% during the first quarter. SG Americas Securities LLC now owns 8,730 shares of the semiconductor company’s stock valued at $530,000 after buying an additional 3,844 shares during the period. Finally, Arizona State Retirement System boosted its stake in Cirrus Logic by 8.5% during the first quarter. Arizona State Retirement System now owns 26,700 shares of the semiconductor company’s stock valued at $1,620,000 after buying an additional 2,100 shares during the period. 89.09% of the stock is owned by institutional investors.

In related news, VP Bradley J. Fluke sold 7,325 shares of the stock in a transaction dated Monday, October 2nd. The shares were sold at an average price of $53.44, for a total value of $391,448.00. Following the completion of the transaction, the vice president now owns 12,000 shares of the company’s stock, valued at approximately $641,280. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, Director William D. Sherman sold 1,378 shares of the stock in a transaction dated Monday, July 31st. The shares were sold at an average price of $61.84, for a total transaction of $85,215.52. Following the completion of the transaction, the director now directly owns 7,307 shares of the company’s stock, valued at approximately $451,864.88. The disclosure for this sale can be found here. In the last ninety days, insiders sold 104,666 shares of company stock valued at $5,914,243. 1.92% of the stock is owned by insiders.

TRADEMARK VIOLATION NOTICE: This report was posted by The Ledger Gazette and is owned by of The Ledger Gazette. If you are reading this report on another publication, it was illegally copied and reposted in violation of US and international trademark & copyright laws. The original version of this report can be viewed at https://ledgergazette.com/2017/10/09/6233-shares-in-cirrus-logic-inc-crus-acquired-by-sciencast-management-lp.html.

Several brokerages have issued reports on CRUS. Barclays PLC lowered Cirrus Logic from an “equal weight” rating to an “underweight” rating and set a $55.00 price target for the company. in a research note on Tuesday, July 18th. KeyCorp reaffirmed an “overweight” rating and set a $75.00 price target on shares of Cirrus Logic in a research note on Wednesday, July 12th. Stifel Nicolaus reaffirmed a “buy” rating and set a $75.00 price target on shares of Cirrus Logic in a research note on Thursday, August 3rd. BidaskClub lowered Cirrus Logic from a “strong-buy” rating to a “buy” rating in a research note on Wednesday, August 2nd. Finally, Pacific Crest reaffirmed an “overweight” rating and set a $75.00 price target on shares of Cirrus Logic in a research note on Wednesday, June 21st. Two research analysts have rated the stock with a sell rating, three have assigned a hold rating, eleven have issued a buy rating and one has given a strong buy rating to the company’s stock. The company has a consensus rating of “Buy” and an average price target of $67.69.

Cirrus Logic, Inc. (NASDAQ:CRUS) traded up 0.28% on Monday, hitting $54.45. The stock had a trading volume of 71,329 shares. The firm has a market cap of $3.47 billion, a price-to-earnings ratio of 12.73 and a beta of 0.01. The company’s 50 day moving average price is $55.43 and its 200 day moving average price is $61.27. Cirrus Logic, Inc. has a 52-week low of $49.05 and a 52-week high of $71.97.

Cirrus Logic (NASDAQ:CRUS) last announced its quarterly earnings results on Wednesday, August 2nd. The semiconductor company reported $0.81 EPS for the quarter, beating the Zacks’ consensus estimate of $0.66 by $0.15. Cirrus Logic had a net margin of 17.38% and a return on equity of 26.71%. The firm had revenue of $320.70 million during the quarter, compared to the consensus estimate of $320.32 million. During the same quarter last year, the

A number of other large investors have also bought and sold shares of CRUS. Karp Capital Management Corp bought a new stake in Cirrus Logic during the first quarter valued at $878,000. Envestnet Asset Management Inc. boosted its stake in Cirrus Logic by 76.4% during the first quarter. Envestnet Asset Management Inc. now owns 3,778 shares of the semiconductor company’s stock valued at $228,000 after buying an additional 1,636 shares during the period. Los Angeles Capital Management & Equity Research Inc. bought a new stake in Cirrus Logic during the first quarter valued at $278,000. SG Americas Securities LLC boosted its stake in Cirrus Logic by 78.7% during the first quarter. SG Americas Securities LLC now owns 8,730 shares of the semiconductor company’s stock valued at $530,000 after buying an additional 3,844 shares during the period. Finally, Arizona State Retirement System boosted its stake in Cirrus Logic by 8.5% during the first quarter. Arizona State Retirement System now owns 26,700 shares of the semiconductor company’s stock valued at $1,620,000 after buying an additional 2,100 shares during the period. 89.09% of the stock is owned by institutional investors.

In related news, VP Bradley J. Fluke sold 7,325 shares of the stock in a transaction dated Monday, October 2nd. The shares were sold at an average price of $53.44, for a total value of $391,448.00. Following the completion of the transaction, the vice president now owns 12,000 shares of the company’s stock, valued at approximately $641,280. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, Director William D. Sherman sold 1,378 shares of the stock in a transaction dated Monday, July 31st. The shares were sold at an average price of $61.84, for a total transaction of $85,215.52. Following the completion of the transaction, the director now directly owns 7,307 shares of the company’s stock, valued at approximately $451,864.88. The disclosure for this sale can be found here. In the last ninety days, insiders sold 104,666 shares of company stock valued at $5,914,243. 1.92% of the stock is owned by insiders.

TRADEMARK VIOLATION NOTICE: This report was posted by The Ledger Gazette and is owned by of The Ledger Gazette. If you are reading this report on another publication, it was illegally copied and reposted in violation of US and international trademark & copyright laws. The original version of this report can be viewed at https://ledgergazette.com/2017/10/09/6233-shares-in-cirrus-logic-inc-crus-acquired-by-sciencast-management-lp.html.

Several brokerages have issued reports on CRUS. Barclays PLC lowered Cirrus Logic from an “equal weight” rating to an “underweight” rating and set a $55.00 price target for the company. in a research note on Tuesday, July 18th. KeyCorp reaffirmed an “overweight” rating and set a $75.00 price target on shares of Cirrus Logic in a research note on Wednesday, July 12th. Stifel Nicolaus reaffirmed a “buy” rating and set a $75.00 price target on shares of Cirrus Logic in a research note on Thursday, August 3rd. BidaskClub lowered Cirrus Logic from a “strong-buy” rating to a “buy” rating in a research note on Wednesday, August 2nd. Finally, Pacific Crest reaffirmed an “overweight” rating and set a $75.00 price target on shares of Cirrus Logic in a research note on Wednesday, June 21st. Two research analysts have rated the stock with a sell rating, three have assigned a hold rating, eleven have issued a buy rating and one has given a strong buy rating to the company’s stock. The company has a consensus rating of “Buy” and an average price target of $67.69.

Cirrus Logic, Inc. (NASDAQ:CRUS) traded up 0.28% on Monday, hitting $54.45. The stock had a trading volume of 71,329 shares. The firm has a market cap of $3.47 billion, a price-to-earnings ratio of 12.73 and a beta of 0.01. The company’s 50 day moving average price is $55.43 and its 200 day moving average price is $61.27. Cirrus Logic, Inc. has a 52-week low of $49.05 and a 52-week high of $71.97.

Cirrus Logic (NASDAQ:CRUS) last announced its quarterly earnings results on Wednesday, August 2nd. The semiconductor company reported $0.81 EPS for the quarter, beating the Zacks’ consensus estimate of $0.66 by $0.15. Cirrus Logic had a net margin of 17.38% and a return on equity of 26.71%. The firm had revenue of $320.70 million during the quarter, compared to the consensus estimate of $320.32 million. During the same quarter last year, the firm earned $0.44 EPS. The firm’s revenue for the quarter was up 23.6% compared to the same quarter last year. Analysts expect that Cirrus Logic, Inc. will post $4.74 EPS for the current year.

Cirrus Logic Profile

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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