Home Insiders Updates Checking in on Cirrus Logic Inc. (CRUS) after recent insiders movement

Checking in on Cirrus Logic Inc. (CRUS) after recent insiders movement

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Checking in on Cirrus Logic Inc. (CRUS) after recent insiders movement

Cirrus Logic Inc.’s recent filing unveils that its Director DAVERN ALEXANDER M unloaded Company’s shares for reported $84740.0 on Aug 08. In the deal valued at $84.74 per share,1,000 shares were sold. As a result of this transaction, DAVERN ALEXANDER M now holds 18,875 shares worth roughly $ 1.27 million.


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Then, Alberty Carl Jackson sold 1,823 shares, generating $160,862 in total proceeds. Upon selling the shares at $88.24, the VP, MSP now owns 33,014 shares.

Before that, Dougherty Justin E sold 4,039 shares. Cirrus Logic Inc. shares valued at $326,918 were divested by the VP, Engineering Operation at a price of $80.94 per share. As a result of the transaction, Dougherty Justin E now holds 5,673 shares, worth roughly $0.38 million.

Barclays reiterated its Cirrus Logic Inc. [CRUS] rating to an Overweight in a research note published on Monday, January 12, 2022; the price target was $120. PT values the company’s stock at a premium of 43.81 to its Monday closing price. A number of analysts have revised their coverage, including BofA Securities’s analysts, who decreased its forecast for the stock in mid September from “a Neutral” to “an Underperform”. Barclays also remained covering CRUS and has increased its forecast on September 07, 2021 with a “an Overweight” recommendation from previously “an Equal weight” rating. Craig Hallum revised its rating on July 29, 2021. It rated CRUS as “a Buy” which previously was an “a Hold”.

Price Performance Review of CRUS

On Monday, Cirrus Logic Inc. [NASDAQ:CRUS] saw its stock fall -1.09% to $67.43. On the same session, the stock had its day’s lowest price of $66.03, but rose to a high of $68.28. Over the last five days, the stock has gained 0.46%. Cirrus Logic Inc. shares have fallen nearly -26.72% since the year began. Nevertheless, the stocks have fallen -14.48% over the past one year. While a 52-week high of $95.84 was reached on 01/12/22, a 52-week low of $61.94 was recorded on 10/13/22. SMA at 50 days reached $71.03, while 200 days put it at $78.22. A total of 0.6 million shares were traded, compared to the trading of 1.82 million shares in the previous session.

Levels Of Support And Resistance For CRUS Stock

The 24-hour chart illustrates a support level at 66.21, which if violated will result in even more drops to 65.00. On the upside, there is a resistance level at 68.46. A further resistance level may holdings at 69.50. The Relative Strength Index (RSI) on the 14-day chart is 46.91, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at 0.12, which suggests price will go down in the next trading period. Percent R suggests that price movement has been bearish at 73.41%. Stochastics %K at 32.53% indicates the stock is a holding.

How much short interest is there in Cirrus Logic Inc.?

A steep rise in short interest was recorded in Cirrus Logic Inc. stocks on Jul 14, 2022, dropping by 30000.0 shares to a total of 1.29 million shares. Yahoo Finance data shows the prior-month short interest on Jun 14, 2022 was 1.32 million shares. There was a decline of -2.33%, which implies that there is a negative sentiment for the stock. In spite of short shares comprising just 3.65% of the overall stock float, the days-to-cover ratio (short ratio) fell to 2.98.

Cirrus Logic Inc. [CRUS] – Who Are The Largest Shareholders?

In filings from Fidelity Management & Research Co, it is revealed that the company now owns 7,859,189 shares, or roughly 14.05% of the outstanding CRUS shares. In other words, the investor’s shares have fallen by -285,059 from its previous 13-F filing of 8144248.0. Additionally, The Vanguard Group, Inc. increased 1.30% of its stake after which the total value it holdings stand at $408,976,096, while BlackRock Fund Advisors added 0.58% of its stake to hold $320.03 million in the firm. Over the last quarter, Mackenzie Financial Corp. sold -8,529 shares of Cirrus Logic Inc., while Wellington Management Co. LLP sold -17,664 shares. At present, SSgA Funds Management, Inc. is holding 1,946,238 shares valued at $133.9 million. Dimensional Fund Advisors LP owned 1,408,213 shares of the company at the time of its most recent 13F filing, worth $96.89 million.

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