Cirrus Logic Inc (CRUS): William D Sherman , director of Cirrus Logic Inc sold 266 shares on Jul 5, 2016. The Insider selling transaction was reported by the company on Jul 6, 2016 to the Securities and Exchange Commission. The shares were sold at $36.45 per share for a total value of $9,695.70 , the company said in a SEC Form 4 Filing.
Other Insider transactions have been reported by the company according to SEC Form 4, on Jun 23, 2016, Thurman K Case (VP and CFO) sold 32,000 shares at $40.00 per share price.On Jun 23, 2016, Alan R Schuele (director) sold 6,482 shares at $40.00 per share price.Also, On Jun 23, 2016, Scott Thomas (VP General Counsel) sold 50,000 shares at $40.00 per share price.On Jun 3, 2016, William D Sherman (director) sold 276 shares at $36.14 per share price.
Shares of Cirrus Logic (CRUS) ended Tuesday, Jul 6, 2016 session in red amid volatile trading. The shares closed down -2.28 points or -5.99% at $35.76 with 16,35,413 shares getting traded. Post opening the session at $36.45, the shares hit an intraday low of $34.82 and an intraday high of $36.64 and the price vacillated in this range throughout the day. The company has a market cap of $2,225 M and the number of outstanding shares has been calculated to be 6,22,29,406 shares. The 52-week high of Cirrus Logic is $40.98 and the 52-week low is $24.5701.
Company has been under the radar of several Street Analysts.Cirrus Logic is Downgraded by Pacific Crest to Sector Weight. Earlier the firm had a rating of Overweight on the company shares. The Rating was issued on Jul 5, 2016.Cirrus Logic is Downgraded by Barclays to Equal Weight while Lowering the Price Target of the company shares to $ 35 from a previous price target of $37 . Earlier the firm had a rating of Overweight on the company shares. The Rating was issued on May 5, 2016.
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.