Oxford Asset Management buys $10,639,016 stake in Cirrus Logic (CRUS)

Cirrus Logic (CRUS) : Oxford Asset Management scooped up 64,164 additional shares in Cirrus Logic during the most recent quarter end , the firm said in a disclosure report filed with the SEC on Aug 8, 2016. The investment management firm now holds a total of 209,018 shares of Cirrus Logic which is valued at $10,639,016.Cirrus Logic makes up approximately 0.42% of Oxford Asset Management’s portfolio.

Other Hedge Funds, Including , Advisors Asset Management boosted its stake in CRUS in the latest quarter, The investment management firm added 2,103 additional shares and now holds a total of 11,368 shares of Cirrus Logic which is valued at $578,631. Cirrus Logic makes up approx 0.01% of Advisors Asset Management’s portfolio. Parkside Financial Bank Trust sold out all of its stake in CRUS during the most recent quarter. The investment firm sold 1,000 shares of CRUS which is valued $48,300.Spectrum Management Group reduced its stake in CRUS by selling 850 shares or 2.95% in the most recent quarter. The Hedge Fund company now holds 27,985 shares of CRUS which is valued at $1,359,791. Cirrus Logic makes up approx 0.54% of Spectrum Management Group’s portfolio.Boston Advisors boosted its stake in CRUS in the latest quarter, The investment management firm added 115 additional shares and now holds a total of 17,625 shares of Cirrus Logic which is valued at $736,196. Cirrus Logic makes up approx 0.02% of Boston Advisors’s portfolio. Cwm sold out all of its stake in CRUS during the most recent quarter. The investment firm sold 500 shares of CRUS which is valued $20,105.

Cirrus Logic opened for trading at $51.25 and hit $52.3 on the upside on Monday, eventually ending the session at $51.89, with a gain of 1.39% or 0.71 points. The heightened volatility saw the trading volume jump to 7,45,329 shares. Company has a market cap of $3,242 M.

On the company’s financial health, Cirrus Logic reported $0.44 EPS for the quarter, beating the analyst consensus estimate by $ 0.15 according to the earnings call on Jul 27, 2016. Analyst had a consensus of $0.29. The company had revenue of $259.40 million for the quarter, compared to analysts expectations of $236.67 million. The company’s revenue was down -8.2 % compared to the same quarter last year.During the same quarter in the previous year, the company posted $0.54 EPS.

Many Wall Street Analysts have commented on Cirrus Logic. Company shares were Reiterated by Stifel on Jul 28, 2016 to “Buy”, Firm has raised the Price Target to $ 55 from a previous price target of $46 .Company shares were Reiterated by Needham on Jul 28, 2016 to “Buy”, Firm has raised the Price Target to $ 55 from a previous price target of $50 .Cirrus Logic was Downgraded by Pacific Crest to ” Sector Weight” on Jul 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 People’s 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.

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