Cirrus Logic Inc (CRUS): Jason P Rhode , President & CEO of Cirrus Logic Inc sold 90,156 shares on Sep 12, 2016. The Insider selling transaction was reported by the company on Sep 13, 2016 to the Securities and Exchange Commission. The shares were sold at $48.57 per share for a total value of $4,378,548.50 , the company said in a SEC Form 4 Filing.
Other Insider transactions have been reported by the company according to SEC Form 4, on Sep 9, 2016, John C Carter (director) sold 6,108 shares at $51.32 per share price.On Sep 6, 2016, William D Sherman (director) sold 192 shares at $52.25 per share price.Also, On Aug 25, 2016, Rashpal Sahota (VP & Audio GM) sold 17,224 shares at $52.13 per share price.On Aug 25, 2016, Allan Hughes (VP of Cirrus Logic Intern) sold 14,755 shares at $52.13 per share price.
Cirrus Logic: On Monday, Sep 12, 2016 heightened volatility was witnessed in Cirrus Logic which led to swings in the share price. The shares opened for trading at $47.95 and hit $49.69 on the upside , eventually ending the session at $49.67, with a gain of 2.52% or 1.22 points. The heightened volatility saw the trading volume jump to 1,518,267 shares. The 52-week high of the share price is $53.28 and the company has a market cap of $3,103 M . The 52-week low of the share price is at $25.09.
Company has been under the radar of several Street Analysts.Cirrus Logic is Reiterated by Stifel to Buy and the brokerage firm has raised the Price Target to $ 58 from a previous price target of $55 .The Rating was issued on Sep 8, 2016.Cirrus Logic is Reiterated by Stifel to Buy and the brokerage firm has raised the Price Target to $ 55 from a previous price target of $46 .The Rating was issued on Jul 28, 2016.Cirrus Logic is Reiterated by Needham to Buy and the brokerage firm has raised the Price Target to $ 55 from a previous price target of $50 .The Rating was issued on Jul 28, 2016.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 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.