Lindenwold Advisors INC Sells 154 Shares of Cirrus Logic, Inc. (NASDAQ:CRUS)

Lindenwold Advisors INC trimmed its position in shares of Cirrus Logic, Inc. (NASDAQ:CRUS) by 3.5% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 4,305 shares of the semiconductor company’s stock after selling 154 shares during the period. Lindenwold Advisors INC’s holdings in Cirrus Logic were worth $429,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other large investors have also bought and sold shares of CRUS. Huntington National Bank grew its stake in shares of Cirrus Logic by 10,500.0% during the 3rd quarter. Huntington National Bank now owns 212 shares of the semiconductor company’s stock worth $26,000 after acquiring an additional 210 shares during the period. Westside Investment Management Inc. purchased a new stake in Cirrus Logic during the third quarter valued at about $35,000. Kohmann Bosshard Financial Services LLC bought a new position in Cirrus Logic during the fourth quarter worth about $28,000. Sound Income Strategies LLC purchased a new position in shares of Cirrus Logic in the fourth quarter worth about $46,000. Finally, R Squared Ltd bought a new stake in shares of Cirrus Logic in the fourth quarter valued at approximately $47,000. 87.96% of the stock is owned by hedge funds and other institutional investors.

Cirrus Logic Stock Performance

Cirrus Logic stock opened at $100.86 on Wednesday. Cirrus Logic, Inc. has a fifty-two week low of $81.30 and a fifty-two week high of $147.46. The stock has a market cap of $5.36 billion, a P/E ratio of 18.30 and a beta of 0.89. The firm’s fifty day moving average price is $103.57 and its 200-day moving average price is $110.15.

Cirrus Logic (NASDAQ:CRUS) last posted its earnings results on Tuesday, February 4th. The semiconductor company reported $2.15 EPS for the quarter, missing the consensus estimate of $2.36 by ($0.21). Cirrus Logic had a return on equity of 16.60% and a net margin of 16.55%. Sell-side analysts predict that Cirrus Logic, Inc. will post 5.63 earnings per share for the current year.

Wall Street Analyst Weigh In

Several research analysts recently commented on the stock. StockNews.com raised shares of Cirrus Logic from a “hold” rating to a “buy” rating in a report on Tuesday, December 3rd. Benchmark raised Cirrus Logic from a “hold” rating to a “buy” rating and set a $125.00 price target for the company in a report on Wednesday, February 5th. Finally, Barclays lifted their price target on Cirrus Logic from $105.00 to $115.00 and gave the company an “equal weight” rating in a research report on Wednesday, February 5th. One investment analyst has rated the stock with a hold rating and seven have issued a buy rating to the company’s stock. According to MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $132.86.

Insider Buying and Selling at Cirrus Logic

In other Cirrus Logic news, EVP Jeffrey W. Baumgartner sold 2,051 shares of the firm’s stock in a transaction dated Monday, February 3rd. The stock was sold at an average price of $100.00, for a total transaction of $205,100.00. Following the sale, the executive vice president now owns 8,330 shares in the company, valued at $833,000. This trade represents a 19.76 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. 1.02% of the stock is currently owned by company insiders.

About Cirrus Logic

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.