EPS for Cirrus Logic, Inc. (CRUS) Expected At $0.46; Capital Returns Management Has Cut By $667,800 Its Gallagher Arthur J & Co (AJG) Position

April 17, 2018 - By Marie Mckinney

Cirrus Logic, Inc. (NASDAQ:CRUS) Logo

Capital Returns Management Llc decreased Gallagher Arthur J & Co (AJG) stake by 4.24% reported in 2017Q4 SEC filing. Capital Returns Management Llc sold 10,600 shares as Gallagher Arthur J & Co (AJG)’s stock rose 7.88%. The Capital Returns Management Llc holds 239,400 shares with $15.15M value, down from 250,000 last quarter. Gallagher Arthur J & Co now has $12.61 billion valuation. The stock increased 1.21% or $0.83 during the last trading session, reaching $69.28. About 561,834 shares traded. Arthur J. Gallagher & Co. (NYSE:AJG) has risen 19.44% since April 17, 2017 and is uptrending. It has outperformed by 7.89% the S&P500.

Analysts expect Cirrus Logic, Inc. (NASDAQ:CRUS) to report $0.46 EPS on May, 2 after the close.They anticipate $0.27 EPS change or 36.99% from last quarter’s $0.73 EPS. CRUS’s profit would be $29.15M giving it 21.48 P/E if the $0.46 EPS is correct. After having $1.40 EPS previously, Cirrus Logic, Inc.’s analysts see -67.14% EPS growth. The stock increased 0.61% or $0.24 during the last trading session, reaching $39.52. About 864,051 shares traded. Cirrus Logic, Inc. (NASDAQ:CRUS) has declined 32.88% since April 17, 2017 and is downtrending. It has underperformed by 44.43% the S&P500.

Since December 15, 2017, it had 0 buys, and 6 insider sales for $373,130 activity. $9,912 worth of stock was sold by SHERMAN WILLIAM D on Friday, March 2. Carlson Randolph K sold $305,354 worth of Cirrus Logic, Inc. (NASDAQ:CRUS) on Tuesday, February 13. 562 shares were sold by KING CHRISTINE, worth $27,960 on Friday, December 15.

Among 15 analysts covering Cirrus Logic (NASDAQ:CRUS), 9 have Buy rating, 2 Sell and 4 Hold. Therefore 60% are positive. Cirrus Logic had 47 analyst reports since July 23, 2015 according to SRatingsIntel. Canaccord Genuity maintained Cirrus Logic, Inc. (NASDAQ:CRUS) rating on Thursday, November 2. Canaccord Genuity has “Buy” rating and $76.0 target. The stock of Cirrus Logic, Inc. (NASDAQ:CRUS) earned “Buy” rating by KeyBanc Capital Markets on Thursday, August 31. The rating was upgraded by Pacific Crest to “Overweight” on Tuesday, April 4. The stock of Cirrus Logic, Inc. (NASDAQ:CRUS) earned “Buy” rating by Susquehanna on Wednesday, February 21. The rating was maintained by Susquehanna on Thursday, August 3 with “Buy”. Bank of America initiated it with “Sell” rating and $50.0 target in Monday, September 18 report. The firm earned “Buy” rating on Friday, November 3 by Needham. The stock of Cirrus Logic, Inc. (NASDAQ:CRUS) has “Buy” rating given on Monday, September 18 by Canaccord Genuity. The stock has “Buy” rating by Needham on Thursday, August 3. The stock has “Buy” rating by Stifel Nicolaus on Thursday, September 8.

Cirrus Logic, Inc., a fabless semiconductor company, develops, makes, and markets analog and mixed-signal integrated circuits for a range of consumer and industrial markets. The company has market cap of $2.50 billion. The firm offers portable and non-portable audio, and other products. It has a 14.25 P/E ratio. The Company’s products include analog and mixed-signal audio converters, and digital signal processing products for mobile applications; codecs-chips that integrate analog-to-digital converters and digital-to-analog converters into a single IC; smart codecs, a codec with digital signal processer; amplifiers; micro-electromechanical systems microphones; digital interface products; and standalone digital signal processors.

Investors sentiment decreased to 0.89 in Q4 2017. Its down 0.13, from 1.02 in 2017Q3. It turned negative, as 42 investors sold Cirrus Logic, Inc. shares while 108 reduced holdings. 45 funds opened positions while 88 raised stakes. 55.95 million shares or 0.50% more from 55.67 million shares in 2017Q3 were reported. Hsbc Public Ltd holds 0% or 9,375 shares in its portfolio. Fmr Ltd Liability accumulated 3.45M shares. 94,992 are held by Federated Invsts Inc Pa. Ubs Asset Management Americas Inc reported 1.30M shares stake. The New York-based Quantbot Technologies L P has invested 0.05% in Cirrus Logic, Inc. (NASDAQ:CRUS). Eqis Capital invested in 0.03% or 10,480 shares. Hl Financial owns 10,156 shares. Goldman Sachs Gru stated it has 1.22M shares. Hillcrest Asset Mngmt Ltd Limited Liability Company reported 175,558 shares. Lpl Fin Lc accumulated 23,713 shares or 0% of the stock. Profund Lc invested in 0.05% or 23,406 shares. State Treasurer State Of Michigan has 0.01% invested in Cirrus Logic, Inc. (NASDAQ:CRUS). 5,143 are owned by Navellier And Associates. Shell Asset Mngmt Co, Netherlands-based fund reported 10,204 shares. 2 were accumulated by Gradient Investments Lc.

Analysts await Arthur J. Gallagher & Co. (NYSE:AJG) to report earnings on April, 26. They expect $0.95 earnings per share, up 137.50% or $0.55 from last year’s $0.4 per share. AJG’s profit will be $172.94 million for 18.23 P/E if the $0.95 EPS becomes a reality. After $0.82 actual earnings per share reported by Arthur J. Gallagher & Co. for the previous quarter, Wall Street now forecasts 15.85% EPS growth.

Since November 3, 2017, it had 0 insider purchases, and 11 selling transactions for $4.47 million activity. Cavaness Joel D sold $768,500 worth of Arthur J. Gallagher & Co. (NYSE:AJG) on Friday, March 9. English Frank E. Jr. had sold 600 shares worth $38,226. DURKIN JAMES W JR also sold $815,733 worth of Arthur J. Gallagher & Co. (NYSE:AJG) shares. $18,395 worth of stock was sold by HOWELL DOUGLAS K on Tuesday, February 27. $802,700 worth of Arthur J. Gallagher & Co. (NYSE:AJG) was sold by GALLAGHER THOMAS JOSEPH. Bay Walter D. also sold $105,220 worth of Arthur J. Gallagher & Co. (NYSE:AJG) shares. $103,143 worth of Arthur J. Gallagher & Co. (NYSE:AJG) was sold by Pietrucha Susan E.

Cirrus Logic, Inc. (NASDAQ:CRUS) Institutional Positions Chart

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