Cirrus Logic, Inc. (NASDAQ:CRUS) VP Scott Arnold Anderson Sells 19,818 Shares
Cirrus Logic, Inc. (NASDAQ:CRUS) VP Scott Arnold Anderson sold 19,818 shares of the stock in a transaction that occurred on Tuesday, August 20th. The stock was sold at an average price of $54.78, for a total value of $1,085,630.04. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website.
Shares of Cirrus Logic stock traded down $0.17 during trading hours on Thursday, hitting $54.81. 6,567 shares of the company’s stock traded hands, compared to its average volume of 981,333. Cirrus Logic, Inc. has a 12-month low of $31.25 and a 12-month high of $60.00. The stock has a market capitalization of $3.17 billion, a price-to-earnings ratio of 26.86, a PEG ratio of 1.84 and a beta of 0.95. The company has a fifty day simple moving average of $49.06 and a 200-day simple moving average of $43.92. The company has a debt-to-equity ratio of 0.12, a current ratio of 4.30 and a quick ratio of 3.18.
Cirrus Logic (NASDAQ:CRUS) last announced its earnings results on Wednesday, July 31st. The semiconductor company reported $0.19 earnings per share (EPS) for the quarter, beating the consensus estimate of ($0.02) by $0.21. Cirrus Logic had a return on equity of 10.96% and a net margin of 8.46%. The firm had revenue of $238.25 million during the quarter, compared to analyst estimates of $221.08 million. During the same period last year, the firm posted $0.28 EPS. The business’s revenue was down 6.4% compared to the same quarter last year. On average, analysts forecast that Cirrus Logic, Inc. will post 1.98 EPS for the current fiscal year.
Several institutional investors have recently made changes to their positions in CRUS. BlackRock Inc. grew its stake in shares of Cirrus Logic by 9.0% during the 2nd quarter. BlackRock Inc. now owns 8,631,614 shares of the semiconductor company’s stock worth $377,200,000 after acquiring an additional 714,210 shares during the period. AQR Capital Management LLC grew its stake in shares of Cirrus Logic by 3.6% during the 2nd quarter. AQR Capital Management LLC now owns 2,801,858 shares of the semiconductor company’s stock worth $121,236,000 after acquiring an additional 97,800 shares during the period. Northern Trust Corp grew its stake in shares of Cirrus Logic by 0.7% during the 2nd quarter. Northern Trust Corp now owns 1,078,376 shares of the semiconductor company’s stock worth $47,125,000 after acquiring an additional 7,946 shares during the period. Geode Capital Management LLC grew its stake in shares of Cirrus Logic by 4.2% during the 4th quarter. Geode Capital Management LLC now owns 814,830 shares of the semiconductor company’s stock worth $27,036,000 after acquiring an additional 32,736 shares during the period. Finally, APG Asset Management N.V. grew its stake in shares of Cirrus Logic by 1,125.8% during the 2nd quarter. APG Asset Management N.V. now owns 726,900 shares of the semiconductor company’s stock worth $27,894,000 after acquiring an additional 667,600 shares during the period. 85.34% of the stock is owned by hedge funds and other institutional investors.
About Cirrus Logic
Cirrus Logic, Inc, a fabless semiconductor company, develops, manufactures, and markets analog and mixed-signal integrated circuits (ICs) for a range of consumer and industrial markets. The company offers portable and non-portable audio, and other products. Its products include analog and mixed-signal audio converters, and digital signal processing products for mobile applications; codecs-chips that integrate analog-to-digital converters and digital-to-analog converters into a single IC; smart codecs, a codec with digital signal processer; boosted amplifiers; micro-electromechanical systems microphones; digital interface products; and standalone digital signal processors.
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