Short Interest Worth Mentioning Today: Cirrus Logic Incorporated (NASDAQ:CRUS) Has Decline in Shorts

November 30, 2016 - By Darrin Black   ·   0 Comments

Short Interest Worth Mentioning Today: Cirrus Logic Incorporated (NASDAQ:CRUS) Has Decline in Shorts

The stock of Cirrus Logic Incorporated (NASDAQ:CRUS) registered a decrease of 2.88% in short interest. CRUS’s total short interest was 3.69 million shares in November as published by FINRA. Its down 2.88% from 3.80M shares, reported previously. With 1.08M shares average volume, it will take short sellers 3 days to cover their CRUS’s short positions. The short interest to Cirrus Logic Incorporated’s float is 5.95%. About 237,234 shares traded hands. Cirrus Logic, Inc. (NASDAQ:CRUS) has risen 50.30% since April 27, 2016 and is uptrending. It has outperformed by 45.07% the S&P500.

Cirrus Logic, Inc. is engaged in providing integrated circuits for audio and voice signal processing applications. The company has a market cap of $3.60 billion. The Firm develops analog and mixed-signal ICs for a range of customers. It has a 24.96 P/E ratio. The Firm offers two product lines: Portable Audio, and Non-Portable Audio and Other.

Insitutional Activity: The institutional sentiment decreased to 0.88 in 2016 Q2. Its down 0.14, from 1.02 in 2016Q1. The ratio dived, as 29 funds sold all Cirrus Logic, Inc. shares owned while 91 reduced positions. 40 funds bought stakes while 82 increased positions. They now own 54.90 million shares or 1.26% less from 55.60 million shares in 2016Q1.
Nicholas Invest Partners Lp has 93,742 shares for 0.25% of their US portfolio. First Personal Fincl holds 0% or 322 shares in its portfolio. Smith Graham Advisors Limited Partnership, a Texas-based fund reported 257,550 shares. State Board Of Administration Of Florida Retirement last reported 49,504 shares in the company. Fiera Cap holds 0.08% or 371,937 shares in its portfolio. Columbia Ptnrs L L C Investment Management accumulated 0.71% or 247,992 shares. The United Kingdom-based Legal And General Grp Inc Public Ltd has invested 0% in Cirrus Logic, Inc. (NASDAQ:CRUS). Partner Investment Mngmt Ltd Partnership has invested 1.46% of its portfolio in Cirrus Logic, Inc. (NASDAQ:CRUS). Lazard Asset Limited Com reported 5,656 shares or 0% of all its holdings. The New Jersey-based Hgk Asset Mngmt has invested 0.11% in Cirrus Logic, Inc. (NASDAQ:CRUS). Pillar Pacific Management Lc last reported 0.04% of its portfolio in the stock. State Of Tennessee Treasury Department owns 99,640 shares or 0.02% of their US portfolio. Creative Planning accumulated 8,350 shares or 0% of the stock. Shelton Capital Mgmt has 5,343 shares for 0.02% of their US portfolio. Kbc Gp Nv, a Belgium-based fund reported 1,011 shares.

Insider Transactions: Since June 2, 2016, the stock had 0 insider buys, and 35 selling transactions for $40.64 million net activity. $1.12M worth of Cirrus Logic, Inc. (NASDAQ:CRUS) was sold by Brannan Andrew on Monday, August 22. The insider SHERMAN WILLIAM D sold 202 shares worth $9,942. $1.44 million worth of Cirrus Logic, Inc. (NASDAQ:CRUS) was sold by THOMAS SCOTT on Monday, October 31. Another trade for 6,108 shares valued at $313,437 was made by CARTER JOHN C on Thursday, September 8. 86,982 Cirrus Logic, Inc. (NASDAQ:CRUS) shares with value of $4.84 million were sold by Rhode Jason P. $233,201 worth of Cirrus Logic, Inc. (NASDAQ:CRUS) was sold by FLUKE BRADLEY J on Tuesday, November 1. 10,000 Cirrus Logic, Inc. (NASDAQ:CRUS) shares with value of $490,525 were sold by ANDERSON SCOTT ARNOLD.

Cirrus Logic, Inc. (NASDAQ:CRUS) Ratings Coverage

Out of 9 analysts covering Cirrus Logic (NASDAQ:CRUS), 8 rate it a “Buy”, 0 “Sell”, while 1 “Hold”. This means 89% are positive. Cirrus Logic has been the topic of 16 analyst reports since July 23, 2015 according to StockzIntelligence Inc. The stock has “Buy” rating given by Needham on Monday, March 14. The rating was initiated by Canaccord Genuity with “Buy” on Tuesday, June 21. On Tuesday, September 20 the stock rating was maintained by Canaccord Genuity with “Buy”. The firm has “Buy” rating by Stifel Nicolaus given on Thursday, October 13. The stock of Cirrus Logic, Inc. (NASDAQ:CRUS) has “Buy” rating given on Friday, February 26 by Topeka Capital Markets. Stifel Nicolaus upgraded the stock to “Buy” rating in Thursday, July 23 report. The stock has “Buy” rating given by Canaccord Genuity on Friday, October 28. Oppenheimer upgraded the stock to “Outperform” rating in Thursday, January 28 report. The rating was initiated by Craig Hallum with “Hold” on Monday, November 21. Stifel Nicolaus maintained the shares of CRUS in a report on Friday, January 8 with “Buy” rating.

CRUS Company Profile

Cirrus Logic, Inc., incorporated on August 26, 1998, is engaged in providing integrated circuits (ICs) for audio and voice signal processing applications. The Firm develops analog and mixed-signal ICs for a range of customers. The Firm offers two product lines: Portable Audio, and Non-Portable Audio and Other. The Company’s products span the entire audio signal chain, from capture to playback, providing products for a range of smartphones, tablets, digital headsets, wearables and smart home applications. The Company’s primary facility housing engineering, sales and marketing, and administration functions is located in Austin, Texas. The Firm offers products through both direct and indirect sales channels across the world.

More news for Cirrus Logic, Inc. (NASDAQ:CRUS) were recently published by: Fool.com, which released: “Why Cirrus Logic, Inc. Jumped Today” on October 28, 2016. Investorplace.com‘s article titled: “Trade of the Day: Cirrus Logic, Inc. (CRUS) Signaling Upcoming Gains” and published on November 23, 2016 is yet another important article.

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By Darrin Black


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