Mackenzie Financial Reduces $56M in Cirrus Logic, Inc. ($CRUS)
Key Points
- Mackenzie Financial changed its Cirrus Logic, Inc. ($CRUS) stake by 28.4% last quarter, cutting to 870,705 shares worth $141.86 million.
- Wall Street's consensus rating on $CRUS is Buy and an average price target of $181.40.
- $CRUS last traded around $162.93.
Mackenzie Financial reduced its position in Cirrus Logic, Inc. ($CRUS) by 28.4% during the most recent quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 870,705 shares of Cirrus Logic, Inc. after selling 344,950 shares during the quarter. Mackenzie Financial's holdings in Cirrus Logic, Inc. were worth $141.86 million as of its most recent filing.
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About Cirrus Logic, Inc.
Cirrus Logic, Inc., a fabless semiconductor company, develops mixed-signal processing solutions and audio products in China, the United States, and internationally. The company offers audio products, including amplifiers; codecs components that integrate analog-to-digital converters (ADCs) and digital-to-analog converters (DACs) into a single integrated circuit (IC); smart codecs, a codec with integrated digital signal processing; standalone digital signal processors; and SoundClear technology for use in smartphones, PCs, tablets, AR/VR headsets, wearables, home theatre systems, automotive entertainment systems, and professional audio systems. It also provides camera controllers, haptic and sensing solutions, and battery and power ICs for smartphones, as well as products for automotive, industrial, and imaging applications. The company markets and sells its products through direct sales force, external sales representatives, and distributors. Cirrus Logic, Inc. was incorporated in 1984 and is headquartered in Austin, Texas.
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