TD Private Client Wealth LLC Has $276,000 Holdings in Cirrus Logic, Inc. (NASDAQ:CRUS)

TD Private Client Wealth LLC lifted its position in shares of Cirrus Logic, Inc. (NASDAQ:CRUS) by 29.2% during the third quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 2,220 shares of the semiconductor company’s stock after purchasing an additional 502 shares during the quarter. TD Private Client Wealth LLC’s holdings in Cirrus Logic were worth $276,000 at the end of the most recent reporting period.

Other large investors also recently modified their holdings of the company. Huntington National Bank raised its holdings in Cirrus Logic by 10,500.0% during the third quarter. Huntington National Bank now owns 212 shares of the semiconductor company’s stock worth $26,000 after buying an additional 210 shares during the last quarter. Nisa Investment Advisors LLC increased its position in shares of Cirrus Logic by 98.4% during the third quarter. Nisa Investment Advisors LLC now owns 242 shares of the semiconductor company’s stock worth $30,000 after acquiring an additional 120 shares in the last quarter. V Square Quantitative Management LLC acquired a new stake in shares of Cirrus Logic in the 3rd quarter worth about $31,000. 1620 Investment Advisors Inc. bought a new position in Cirrus Logic in the 2nd quarter valued at about $77,000. Finally, GAMMA Investing LLC boosted its stake in Cirrus Logic by 81.2% during the 3rd quarter. GAMMA Investing LLC now owns 859 shares of the semiconductor company’s stock valued at $107,000 after purchasing an additional 385 shares during the last quarter. 87.96% of the stock is currently owned by institutional investors.

Cirrus Logic Stock Performance

CRUS opened at $106.71 on Friday. Cirrus Logic, Inc. has a fifty-two week low of $75.92 and a fifty-two week high of $147.46. The firm has a 50-day moving average of $110.76 and a 200 day moving average of $122.82. The firm has a market cap of $5.67 billion, a P/E ratio of 18.09 and a beta of 0.93.

Cirrus Logic (NASDAQ:CRUS) last released its earnings results on Monday, November 4th. The semiconductor company reported $2.25 earnings per share for the quarter, beating analysts’ consensus estimates of $2.02 by $0.23. The firm had revenue of $541.90 million during the quarter, compared to the consensus estimate of $520.53 million. Cirrus Logic had a net margin of 17.19% and a return on equity of 18.15%. The company’s revenue was up 12.6% compared to the same quarter last year. During the same period in the prior year, the firm earned $1.43 EPS. Equities research analysts predict that Cirrus Logic, Inc. will post 5.21 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

Several analysts have recently commented on the company. Stifel Nicolaus lowered their price objective on Cirrus Logic from $165.00 to $140.00 and set a “buy” rating for the company in a research note on Tuesday, November 5th. StockNews.com upgraded Cirrus Logic from a “hold” rating to a “buy” rating in a research note on Tuesday, December 3rd. Loop Capital assumed coverage on shares of Cirrus Logic in a research note on Tuesday, November 12th. They issued a “buy” rating and a $130.00 target price for the company. Susquehanna raised their price target on shares of Cirrus Logic from $135.00 to $140.00 and gave the company a “positive” rating in a research report on Monday, November 18th. Finally, Barclays reduced their price objective on shares of Cirrus Logic from $120.00 to $105.00 and set an “equal weight” rating for the company in a research report on Tuesday, November 5th. Two analysts have rated the stock with a hold rating and six have issued a buy rating to the company. According to data from MarketBeat, the company has an average rating of “Moderate Buy” and an average price target of $132.50.

Cirrus Logic 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.