Vise Technologies Inc. acquired a new stake in Cirrus Logic, Inc. (NASDAQ:CRUS – Get Rating) in the 1st quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor acquired 2,972 shares of the semiconductor company's stock, valued at approximately $252,000.

Several other large investors have also modified their holdings of CRUS. Wellington Management Group LLP boosted its holdings in shares of Cirrus Logic by 183.8% in the first quarter. Wellington Management Group LLP now owns 1,972,087 shares of the semiconductor company's stock valued at $167,214,000 after acquiring an additional 1,277,213 shares during the period. Mackenzie Financial Corp raised its stake in shares of Cirrus Logic by 40.0% during the fourth quarter. Mackenzie Financial Corp now owns 2,340,305 shares of the semiconductor company's stock worth $215,355,000 after purchasing an additional 668,514 shares during the last quarter. Vanguard Group Inc. raised its stake in shares of Cirrus Logic by 2.9% during the first quarter. Vanguard Group Inc. now owns 5,939,813 shares of the semiconductor company's stock worth $503,637,000 after purchasing an additional 168,607 shares during the last quarter. LSV Asset Management raised its stake in shares of Cirrus Logic by 28.1% during the first quarter. LSV Asset Management now owns 599,446 shares of the semiconductor company's stock worth $50,827,000 after purchasing an additional 131,527 shares during the last quarter. Finally, LMR Partners LLP raised its stake in shares of Cirrus Logic by 40.1% during the fourth quarter. LMR Partners LLP now owns 390,000 shares of the semiconductor company's stock worth $35,888,000 after purchasing an additional 111,572 shares during the last quarter. 88.12% of the stock is owned by institutional investors and hedge funds.

Cirrus Logic Stock Up 0.1 %

Shares of CRUS stock opened at $75.01 on Friday. Cirrus Logic, Inc. has a fifty-two week low of $67.03 and a fifty-two week high of $95.84. The stock has a market cap of $4.20 billion, a P/E ratio of 12.67, a P/E/G ratio of 5.79 and a beta of 0.99. The business has a fifty day simple moving average of $80.09 and a 200-day simple moving average of $79.14.

Analysts Set New Price Targets

Several equities research analysts have recently commented on the company. Susquehanna Bancshares cut their price target on Cirrus Logic to $110.00 in a research note on Monday, July 25th. Cowen upped their price target on Cirrus Logic to $100.00 in a research note on Tuesday, August 9th. Cowen upped their price target on Cirrus Logic from $90.00 to $100.00 in a research note on Wednesday, August 3rd. Needham & Company LLC increased their price objective on Cirrus Logic from $85.00 to $97.00 and gave the stock a "buy" rating in a research report on Wednesday, August 3rd. Finally, Bank of America cut their price objective on Cirrus Logic from $85.00 to $80.00 and set an "underperform" rating for the company in a research report on Wednesday, June 29th. One analyst has rated the stock with a sell rating and seven have given a buy rating to the company. Based on data from MarketBeat.com, the stock currently has a consensus rating of "Moderate Buy" and an average price target of $102.60.

Insider Activity

In other news, VP Carl Jackson Alberty sold 1,823 shares of the firm's stock in a transaction on Thursday, August 4th. The stock was sold at an average price of $88.24, for a total value of $160,861.52. Following the completion of the transaction, the vice president now owns 33,014 shares in the company, valued at $2,913,155.36. The sale was disclosed in a document filed with the SEC, which is available at this link. In related news, VP Carl Jackson Alberty sold 1,823 shares of the stock in a transaction on Thursday, August 4th. The stock was sold at an average price of $88.24, for a total transaction of $160,861.52. Following the sale, the vice president now owns 33,014 shares of the company's stock, valued at $2,913,155.36. The transaction was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Also, Director Alexander M. Davern sold 1,000 shares of the stock in a transaction on Monday, August 8th. The shares were sold at an average price of $84.74, for a total value of $84,740.00. Following the sale, the director now directly owns 18,875 shares in the company, valued at approximately $1,599,467.50. The disclosure for this sale can be found here. Company insiders own 0.89% of the company's stock.

Cirrus Logic Profile

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Cirrus Logic, Inc, a fabless semiconductor company, provides low-power and high-precision mixed-signal processing solutions in the United States and internationally. It offers portable products, including codecs components that integrate analog-to-digital converters (ADCs) and digital-to-analog converters (DACs) into a single integrated circuit (IC); smart codecs, a codec with digital signal processer; boosted amplifiers; digital signal processors; and SoundClear technology, which consists of a portfolio of tools, software, and algorithms that helps to enhance user experience with features, such as louder, high-fidelity sound, audio playback, voice capture, hearing augmentation, and active noise cancellation.

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