MetLife Investment Management LLC lessened its stake in shares of Cirrus Logic, Inc. (NASDAQ:CRUS – Get Rating) by 3.6% during the third quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 35,919 shares of the semiconductor company’s stock after selling 1,326 shares during the quarter. MetLife Investment Management LLC owned about 0.07% of Cirrus Logic worth $2,471,000 at the end of the most recent reporting period.
A number of other large investors have also recently bought and sold shares of the stock. Vanguard Group Inc. grew its holdings in Cirrus Logic by 2.9% during the 1st quarter. Vanguard Group Inc. now owns 5,939,813 shares of the semiconductor company’s stock valued at $503,637,000 after buying an additional 168,607 shares during the last quarter. Mackenzie Financial Corp boosted its holdings in shares of Cirrus Logic by 6.8% during the second quarter. Mackenzie Financial Corp now owns 2,739,177 shares of the semiconductor company’s stock worth $198,700,000 after purchasing an additional 175,600 shares during the last quarter. State Street Corp boosted its holdings in shares of Cirrus Logic by 2.4% during the first quarter. State Street Corp now owns 1,987,809 shares of the semiconductor company’s stock worth $168,546,000 after purchasing an additional 46,040 shares during the last quarter. Wellington Management Group LLP boosted its holdings in shares of Cirrus Logic by 183.8% during the first quarter. Wellington Management Group LLP now owns 1,972,087 shares of the semiconductor company’s stock worth $167,214,000 after purchasing an additional 1,277,213 shares during the last quarter. Finally, Dimensional Fund Advisors LP boosted its holdings in shares of Cirrus Logic by 1.1% during the third quarter. Dimensional Fund Advisors LP now owns 1,423,038 shares of the semiconductor company’s stock worth $97,907,000 after purchasing an additional 14,825 shares during the last quarter. Institutional investors and hedge funds own 91.78% of the company’s stock.
Insider Transactions at Cirrus Logic
In other news, SVP Scott Thomas sold 2,466 shares of Cirrus Logic stock in a transaction dated Friday, February 3rd. The stock was sold at an average price of $101.25, for a total transaction of $249,682.50. Following the sale, the senior vice president now directly owns 23,020 shares of the company’s stock, valued at $2,330,775. The sale was disclosed in a filing with the SEC, which can be accessed through this hyperlink. In other news, SVP Scott Thomas sold 2,466 shares of Cirrus Logic stock in a transaction dated Friday, February 3rd. The stock was sold at an average price of $101.25, for a total transaction of $249,682.50. Following the sale, the senior vice president now directly owns 23,020 shares of the company’s stock, valued at $2,330,775. The sale was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Also, Director Timothy R. Dehne sold 1,000 shares of Cirrus Logic stock in a transaction dated Tuesday, February 7th. The stock was sold at an average price of $101.63, for a total value of $101,630.00. Following the sale, the director now directly owns 16,314 shares in the company, valued at $1,657,991.82. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 50,906 shares of company stock valued at $5,322,371. 0.89% of the stock is currently owned by insiders.
Wall Street Analysts Forecast Growth
Cirrus Logic Price Performance
NASDAQ:CRUS opened at $102.08 on Friday. The business’s 50-day moving average is $88.96 and its two-hundred day moving average is $79.48. Cirrus Logic, Inc. has a 12 month low of $61.94 and a 12 month high of $108.42. The firm has a market capitalization of $5.64 billion, a PE ratio of 17.97, a price-to-earnings-growth ratio of 4.50 and a beta of 1.04.
Cirrus Logic (NASDAQ:CRUS – Get Rating) last released its quarterly earnings data on Thursday, February 2nd. The semiconductor company reported $2.40 EPS for the quarter, beating the consensus estimate of $1.99 by $0.41. Cirrus Logic had a return on equity of 22.50% and a net margin of 16.22%. The company had revenue of $590.58 million for the quarter, compared to analyst estimates of $543.55 million. During the same period last year, the company posted $2.28 earnings per share. The firm’s revenue was up 7.7% compared to the same quarter last year. Equities analysts anticipate that Cirrus Logic, Inc. will post 5.17 EPS for the current year.
About Cirrus Logic
Cirrus Logic, Inc engages in the development of high-precision, analog and mixed-signal integrated circuits for a range of customers. It builds an analog and signal-processing patent portfolio. The firm delivers optimized products for a variety of audio, industrial and energy-related applications. Its product lines include portable audio products and non-portable audio and other products.
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