Robeco Institutional Asset Management B.V. Has $12.28 Million Stake in Cirrus Logic, Inc. (NASDAQ:CRUS)

Robeco Institutional Asset Management B.V. increased its holdings in shares of Cirrus Logic, Inc. (NASDAQ:CRUS) by 198.3% during the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 98,896 shares of the semiconductor company’s stock after acquiring an additional 65,739 shares during the quarter. Robeco Institutional Asset Management B.V.’s holdings in Cirrus Logic were worth $12,284,000 as of its most recent SEC filing.

A number of other large investors have also added to or reduced their stakes in CRUS. Vanguard Group Inc. increased its holdings in shares of Cirrus Logic by 2.1% in the first quarter. Vanguard Group Inc. now owns 6,363,188 shares of the semiconductor company’s stock valued at $588,977,000 after purchasing an additional 128,393 shares during the last quarter. State Board of Administration of Florida Retirement System boosted its holdings in shares of Cirrus Logic by 13.3% during the 1st quarter. State Board of Administration of Florida Retirement System now owns 48,030 shares of the semiconductor company’s stock worth $4,446,000 after buying an additional 5,645 shares during the period. Northwestern Mutual Wealth Management Co. boosted its holdings in shares of Cirrus Logic by 52.1% during the 2nd quarter. Northwestern Mutual Wealth Management Co. now owns 961 shares of the semiconductor company’s stock worth $123,000 after buying an additional 329 shares during the period. Susquehanna Fundamental Investments LLC grew its stake in Cirrus Logic by 741.0% in the 2nd quarter. Susquehanna Fundamental Investments LLC now owns 27,754 shares of the semiconductor company’s stock valued at $3,543,000 after buying an additional 24,454 shares during the last quarter. Finally, Sei Investments Co. raised its holdings in Cirrus Logic by 6.6% in the 1st quarter. Sei Investments Co. now owns 696,895 shares of the semiconductor company’s stock valued at $64,505,000 after acquiring an additional 42,897 shares during the period. Institutional investors own 87.96% of the company’s stock.

Wall Street Analyst Weigh In

CRUS has been the topic of several research reports. StockNews.com downgraded Cirrus Logic from a “buy” rating to a “hold” rating in a research report on Wednesday. Susquehanna decreased their price objective on Cirrus Logic from $160.00 to $135.00 and set a “positive” rating on the stock in a report on Tuesday. KeyCorp lifted their target price on Cirrus Logic from $155.00 to $165.00 and gave the stock an “overweight” rating in a report on Wednesday, August 7th. Barclays decreased their price target on shares of Cirrus Logic from $120.00 to $105.00 and set an “equal weight” rating on the stock in a research note on Tuesday. Finally, Stifel Nicolaus dropped their price objective on shares of Cirrus Logic from $165.00 to $140.00 and set a “buy” rating for the company in a research note on Tuesday. Three research analysts have rated the stock with a hold rating and four have assigned a buy rating to the company’s stock. Based on data from MarketBeat, Cirrus Logic currently has an average rating of “Moderate Buy” and a consensus target price of $132.00.

Insider Buying and Selling at Cirrus Logic

In other Cirrus Logic news, SVP Justin E. Dougherty sold 10,203 shares of the firm’s stock in a transaction on Friday, August 9th. The stock was sold at an average price of $131.71, for a total value of $1,343,837.13. Following the sale, the senior vice president now owns 4,838 shares of the company’s stock, valued at approximately $637,212.98. This trade represents a 0.00 % decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. In other Cirrus Logic news, VP Andrew Brannan sold 4,350 shares of the firm’s stock in a transaction that occurred on Wednesday, August 14th. The shares were sold at an average price of $136.04, for a total value of $591,774.00. Following the sale, the vice president now owns 4,004 shares in the company, valued at $544,704.16. This trade represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available at this link. Also, SVP Justin E. Dougherty sold 10,203 shares of the business’s stock in a transaction on Friday, August 9th. The stock was sold at an average price of $131.71, for a total transaction of $1,343,837.13. Following the sale, the senior vice president now directly owns 4,838 shares in the company, valued at approximately $637,212.98. The trade was a 0.00 % decrease in their position. The disclosure for this sale can be found here. Company insiders own 1.02% of the company’s stock.

Cirrus Logic Stock Performance

Shares of NASDAQ CRUS opened at $104.11 on Thursday. The stock has a market capitalization of $5.56 billion, a P/E ratio of 19.24 and a beta of 0.96. The stock’s fifty day moving average is $124.88 and its 200 day moving average is $122.24. Cirrus Logic, Inc. has a 52 week low of $69.23 and a 52 week high of $147.46.

Cirrus Logic (NASDAQ:CRUS) last released its earnings results on Monday, November 4th. The semiconductor company reported $2.25 EPS for the quarter, beating the consensus estimate of $2.02 by $0.23. Cirrus Logic had a net margin of 16.31% and a return on equity of 17.42%. The firm had revenue of $541.90 million for the quarter, compared to analyst estimates of $520.53 million. During the same period last year, the firm earned $1.43 EPS. The business’s quarterly revenue was up 12.6% compared to the same quarter last year. Equities research analysts forecast that Cirrus Logic, Inc. will post 5.37 earnings per share for the current year.

Cirrus Logic Company Profile

Cirrus Logic, Inc, a fabless semiconductor company, develops low-power high-precision mixed-signal processing solutions in China, the United States, and internationally. The company offers audio products, including amplifiers; 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 integrated digital signal processing; standalone 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, and hearing augmentation for use in smartphones, tablets, laptops, AR/VR headsets, home theater systems, automotive entertainment systems, and professional audio systems.