How Many Cirrus Logic, Inc. (NASDAQ:CRUS)’s Analysts Are Bearish?

June 19, 2017 - By Marie Mckinney

 How Many Cirrus Logic, Inc. (NASDAQ:CRUS)'s Analysts Are Bearish?
Investors sentiment increased to 1.23 in 2016 Q4. Its up 0.35, from 0.88 in 2016Q3. It increased, as 29 investors sold Cirrus Logic, Inc. shares while 94 reduced holdings. 54 funds opened positions while 97 raised stakes. 54.57 million shares or 1.99% less from 55.67 million shares in 2016Q3 were reported.
Acadian Asset Mgmt Ltd Company invested in 2,907 shares. Capstone Asset Company reported 0.01% stake. Hsbc Public Limited Company reported 12,164 shares. 3.86M were reported by Blackrock Fund Advsrs. Moreover, Goldman Sachs Grp Inc Incorporated has 0.01% invested in Cirrus Logic, Inc. (NASDAQ:CRUS) for 570,395 shares. Oppenheimer And invested in 8,200 shares. Chicago Equity Partners Limited Com, Illinois-based fund reported 15,360 shares. Manufacturers Life Insur Com The holds 0.01% or 115,035 shares in its portfolio. Aqr Capital Ltd Co has invested 0.08% of its portfolio in Cirrus Logic, Inc. (NASDAQ:CRUS). Thrivent Fin For Lutherans owns 0.01% invested in Cirrus Logic, Inc. (NASDAQ:CRUS) for 22,860 shares. Retirement System Of Alabama holds 0.03% of its portfolio in Cirrus Logic, Inc. (NASDAQ:CRUS) for 82,273 shares. Legal And General Group Public Llc stated it has 32,153 shares or 0% of all its holdings. Cortina Asset Mgmt Limited Liability Co reported 406,917 shares. Ajo Lp reported 22,345 shares. Jane Street Grp Inc Limited Liability Corporation has 0% invested in Cirrus Logic, Inc. (NASDAQ:CRUS).

Since December 28, 2016, it had 0 insider purchases, and 18 selling transactions for $10.50 million activity. $1.00 million worth of Cirrus Logic, Inc. (NASDAQ:CRUS) was sold by Carlson Randolph K on Tuesday, February 7. $10,324 worth of Cirrus Logic, Inc. (NASDAQ:CRUS) was sold by SHERMAN WILLIAM D on Wednesday, February 1. On Wednesday, February 1 ANDERSON SCOTT ARNOLD sold $310,950 worth of Cirrus Logic, Inc. (NASDAQ:CRUS) or 5,000 shares. The insider KING CHRISTINE sold 7,000 shares worth $446,102. 2,476 Cirrus Logic, Inc. (NASDAQ:CRUS) shares with value of $148,560 were sold by THOMAS SCOTT. Shares for $300,000 were sold by CASE THURMAN K on Tuesday, January 24. The insider Sahota Rashpal sold $363,668.

Cirrus Logic, Inc. (NASDAQ:CRUS) Ratings Coverage

Among 10 analysts covering Cirrus Logic (NASDAQ:CRUS), 8 have Buy rating, 0 Sell and 2 Hold. Therefore 80% are positive. Cirrus Logic had 21 analyst reports since July 23, 2015 according to SRatingsIntel. As per Thursday, July 23, the company rating was maintained by Rosenblatt. The stock of Cirrus Logic, Inc. (NASDAQ:CRUS) earned “Buy” rating by Stifel Nicolaus on Thursday, July 23. Dougherty & Company initiated Cirrus Logic, Inc. (NASDAQ:CRUS) on Monday, November 30 with “Buy” rating. The stock of Cirrus Logic, Inc. (NASDAQ:CRUS) has “Buy” rating given on Friday, February 26 by Topeka Capital Markets. The firm has “Perform” rating by Oppenheimer given on Wednesday, March 1. Canaccord Genuity maintained the shares of CRUS in report on Tuesday, September 20 with “Buy” rating. Canaccord Genuity maintained Cirrus Logic, Inc. (NASDAQ:CRUS) on Friday, October 28 with “Buy” rating. The company was maintained on Friday, January 8 by Stifel Nicolaus. The rating was upgraded by Pacific Crest to “Overweight” on Friday, January 8. As per Tuesday, April 4, the company rating was upgraded by Pacific Crest. Below is a list of Cirrus Logic, Inc. (NASDAQ:CRUS) latest ratings and price target changes.

01/06/2017 Broker: Needham Rating: Buy New Target: $80.0000
04/04/2017 Broker: Pacific Crest Old Rating: Sector Weight New Rating: Overweight Upgrade
01/03/2017 Broker: Oppenheimer Old Rating: Outperform New Rating: Perform Downgrade
02/02/2017 Broker: Craig Hallum Rating: Hold Old Target: $60 New Target: $63 Maintain
21/12/2016 Broker: Susquehanna Rating: Positive Initiates Coverage On

About 427,198 shares traded. Cirrus Logic, Inc. (NASDAQ:CRUS) has risen 97.50% since June 19, 2016 and is uptrending. It has outperformed by 80.80% the S&P500.

Cirrus Logic, Inc. is engaged in providing integrated circuits for audio and voice signal processing applications. The company has market cap of $4.08 billion. The Firm develops analog and mixed-signal ICs for a range of customers. It has a 16.43 P/E ratio. The Firm offers two product lines: Portable Audio, and Non-Portable Audio and Other.

More recent Cirrus Logic, Inc. (NASDAQ:CRUS) news were published by: which released: “BRIEF-Cirrus Logic says CEO’s 2017 total compensation was $7.3 mln‍​” on May 31, 2017. Also published the news titled: “Cirrus Logic, Inc. (CRUS): Upside Likely Outside of Apple – Needham” on June 01, 2017.‘s news article titled: “Cirrus Logic Inc (CRUS) Files 10-K for the Fiscal Year Ended on March 31, 2017” with publication date: May 24, 2017 was also an interesting one.

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