Robeco Institutional Asset Management B.V. Purchases 46,559 Shares of Cirrus Logic, Inc. $CRUS

Robeco Institutional Asset Management B.V. raised its position in Cirrus Logic, Inc. (NASDAQ:CRUS) by 15.6% in the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 345,071 shares of the semiconductor company’s stock after purchasing an additional 46,559 shares during the quarter. Robeco Institutional Asset Management B.V. owned 0.67% of Cirrus Logic worth $43,234,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors also recently made changes to their positions in CRUS. Hantz Financial Services Inc. raised its holdings in Cirrus Logic by 1,660.0% in the 2nd quarter. Hantz Financial Services Inc. now owns 264 shares of the semiconductor company’s stock valued at $28,000 after buying an additional 249 shares during the last quarter. RMG Wealth Management LLC acquired a new position in Cirrus Logic in the 2nd quarter valued at approximately $30,000. Ameritas Advisory Services LLC bought a new position in shares of Cirrus Logic during the second quarter valued at $31,000. Migdal Insurance & Financial Holdings Ltd. acquired a new position in shares of Cirrus Logic during the second quarter worth $39,000. Finally, Geneos Wealth Management Inc. lifted its holdings in shares of Cirrus Logic by 95.1% during the first quarter. Geneos Wealth Management Inc. now owns 476 shares of the semiconductor company’s stock worth $47,000 after purchasing an additional 232 shares during the period. 87.96% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

CRUS has been the subject of a number of recent research reports. Susquehanna increased their price objective on Cirrus Logic from $140.00 to $155.00 and gave the company a “positive” rating in a report on Wednesday, October 22nd. Barclays increased their price target on Cirrus Logic from $90.00 to $95.00 and gave the company an “equal weight” rating in a research note on Wednesday, November 5th. Stifel Nicolaus upped their target price on Cirrus Logic from $140.00 to $150.00 and gave the company a “buy” rating in a report on Wednesday, November 5th. Wall Street Zen downgraded shares of Cirrus Logic from a “strong-buy” rating to a “buy” rating in a research report on Saturday, November 8th. Finally, Weiss Ratings restated a “hold (c+)” rating on shares of Cirrus Logic in a research report on Monday, December 29th. One analyst has rated the stock with a Strong Buy rating, four have given a Buy rating and two have given a Hold rating to the stock. Based on data from MarketBeat.com, Cirrus Logic presently has an average rating of “Moderate Buy” and an average target price of $141.67.

Cirrus Logic Price Performance

NASDAQ CRUS opened at $119.71 on Thursday. The stock has a market capitalization of $6.11 billion, a P/E ratio of 17.00 and a beta of 1.09. The business has a 50 day simple moving average of $121.10 and a 200 day simple moving average of $116.84. Cirrus Logic, Inc. has a one year low of $75.83 and a one year high of $136.92.

Cirrus Logic (NASDAQ:CRUS) last posted its quarterly earnings results on Tuesday, November 4th. The semiconductor company reported $2.83 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $2.32 by $0.51. Cirrus Logic had a return on equity of 19.59% and a net margin of 19.48%.The firm had revenue of $560.96 million for the quarter, compared to analysts’ expectations of $540.45 million. During the same period in the prior year, the business earned $2.25 EPS. The company’s revenue for the quarter was up 3.5% compared to the same quarter last year. Equities analysts expect that Cirrus Logic, Inc. will post 5.63 earnings per share for the current year.

Insider Activity

In other news, EVP Andrew Brannan sold 8,913 shares of the stock in a transaction dated Friday, November 14th. The shares were sold at an average price of $119.06, for a total transaction of $1,061,181.78. Following the transaction, the executive vice president owned 5,950 shares of the company’s stock, valued at $708,407. This represents a 59.97% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, EVP Scott Thomas sold 734 shares of the business’s stock in a transaction dated Monday, October 20th. The shares were sold at an average price of $131.25, for a total value of $96,337.50. Following the completion of the sale, the executive vice president directly owned 26,307 shares of the company’s stock, valued at $3,452,793.75. The trade was a 2.71% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. 1.16% of the stock is currently owned by corporate insiders.

Cirrus Logic Company Profile

Cirrus Logic, Inc, headquartered in Austin, Texas, is a fabless semiconductor company specializing in high-precision analog and mixed-signal processing solutions. The firm develops low-power, high-performance audio, voice, and power management integrated circuits, serving prominent consumer electronics OEMs. Its semiconductor devices are designed to enhance audio quality, battery life, and system integration in mobile phones, tablets, wireless headsets and other portable devices.

The company’s product portfolio includes digital-to-analog converters (DACs), analog-to-digital converters (ADCs), audio codecs, power management ICs, voice processors and integrated amplifiers.