Cirrus Logic (CRUS) : Juncture Wealth Strategies scooped up 20,829 additional shares in Cirrus Logic during the most recent quarter end , the firm said in a disclosure report filed with the SEC on Apr 11, 2016. The investment management firm now holds a total of 32,224 shares of Cirrus Logic which is valued at $1,174,565.Cirrus Logic makes up approximately 0.88% of Juncture Wealth Strategies’s portfolio.
Cirrus Logic closed down -0.16 points or -0.44% at $36.45 with 20,41,005 shares getting traded on Friday. Post opening the session at $36.46, the shares hit an intraday low of $36.09 and an intraday high of $37.2189 and the price fluctuated in this range throughout the day.Shares ended Friday session in Red.
Other Hedge Funds, Including , Central Trust Co sold out all of its stake in CRUS during the most recent quarter. The investment firm sold 100 shares of CRUS which is valued $3,645.Creative Planning reduced its stake in CRUS by selling 1,100 shares or 20.56% in the most recent quarter. The Hedge Fund company now holds 4,250 shares of CRUS which is valued at $150,705. Foundry Partners added CRUS to its portfolio by purchasing 8,605 company shares during the most recent quarter which is valued at $305,133. Cirrus Logic makes up approx 0.03% of Foundry Partners’s portfolio.
On the company’s financial health, Cirrus Logic reported $0.82 EPS for the quarter, beating the analyst consensus estimate by $ 0.01 according to the earnings call on Jan 27, 2016. Analyst had a consensus of $0.81. The company had revenue of $347.90 million for the quarter, compared to analysts expectations of $346.83 million. The company’s revenue was up 16.5% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.97 EPS.
Many Wall Street Analysts have commented on Cirrus Logic. Topeka Capital Markets Initiated Cirrus Logic on Feb 26, 2016 to “Buy”, Price Target of the shares are set at $42.Oppenheimer Upgraded Cirrus Logic on Jan 28, 2016 to ” Outperform”, Price Target of the shares are set at $40.
Cirrus Logic Inc. (Cirrus Logic) develops high-precision analog and mixed-signal integrated circuits (ICs) for a range of audio and energy markets. Cirrus Logic delivers products for consumer and professional audio automotive entertainment and targeted industrial applications including energy control energy measurement light emitting diode (LED) lighting and energy exploration. The Company also serves customers from sales offices in the United States Europe and Asia including the Peoples Republic of China Hong Kong South Korea Japan Singapore Taiwan and the United Kingdom. The Audio Products segment offers analog and mixed-signal audio converter and audio DSP products. The Energy Products provides high-precision analog and mixed-signal ICs for targeted energy control energy measurement LED lighting and energy exploration applications.