Shares of Cirrus Logic, Inc. (NASDAQ:CRUS – Get Free Report) have earned an average rating of “Buy” from the nine ratings firms that are covering the stock, Marketbeat Ratings reports. Nine equities research analysts have rated the stock with a buy recommendation. The average 1 year price objective among brokers that have issued a report on the stock in the last year is $98.50.
Several research analysts have recently weighed in on the company. StockNews.com cut Cirrus Logic from a “buy” rating to a “hold” rating in a research note on Wednesday, October 25th. Loop Capital raised Cirrus Logic from a “hold” rating to a “buy” rating and increased their target price for the company from $83.00 to $100.00 in a report on Wednesday. KeyCorp lowered their price objective on shares of Cirrus Logic from $110.00 to $100.00 and set an “overweight” rating on the stock in a research note on Friday. Susquehanna cut their target price on shares of Cirrus Logic from $95.00 to $80.00 and set a “positive” rating for the company in a research report on Tuesday, October 24th. Finally, Bank of America upped their price objective on Cirrus Logic from $75.00 to $80.00 in a research note on Friday, August 4th.
Insider Transactions at Cirrus Logic
Institutional Trading of Cirrus Logic
A number of large investors have recently made changes to their positions in the business. US Bancorp DE increased its position in Cirrus Logic by 12.3% during the first quarter. US Bancorp DE now owns 1,711 shares of the semiconductor company’s stock valued at $145,000 after acquiring an additional 188 shares during the last quarter. MetLife Investment Management LLC boosted its stake in shares of Cirrus Logic by 33.8% during the 1st quarter. MetLife Investment Management LLC now owns 37,038 shares of the semiconductor company’s stock worth $3,140,000 after purchasing an additional 9,349 shares during the period. Commonwealth of Pennsylvania Public School Empls Retrmt SYS grew its holdings in Cirrus Logic by 10.8% during the 1st quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS now owns 20,994 shares of the semiconductor company’s stock valued at $1,780,000 after purchasing an additional 2,051 shares during the last quarter. Great West Life Assurance Co. Can raised its position in Cirrus Logic by 8.9% in the 1st quarter. Great West Life Assurance Co. Can now owns 31,668 shares of the semiconductor company’s stock worth $2,759,000 after purchasing an additional 2,600 shares during the period. Finally, Yousif Capital Management LLC lifted its stake in Cirrus Logic by 1.6% in the first quarter. Yousif Capital Management LLC now owns 30,028 shares of the semiconductor company’s stock worth $2,546,000 after purchasing an additional 468 shares during the last quarter. 90.18% of the stock is currently owned by institutional investors.
Cirrus Logic Price Performance
Shares of Cirrus Logic stock opened at $70.56 on Friday. Cirrus Logic has a 1 year low of $65.02 and a 1 year high of $111.15. The firm has a market cap of $3.86 billion, a price-to-earnings ratio of 28.45, a PEG ratio of 10.60 and a beta of 0.98. The company has a 50-day moving average of $72.53 and a 200 day moving average of $77.20.
Cirrus Logic (NASDAQ:CRUS – Get Free Report) last issued its earnings results on Thursday, August 3rd. The semiconductor company reported $0.35 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.12 by $0.23. Cirrus Logic had a net margin of 8.38% and a return on equity of 16.18%. The business had revenue of $317.02 million during the quarter, compared to analysts’ expectations of $290.58 million. On average, equities analysts anticipate that Cirrus Logic will post 4.03 EPS for the current year.
Cirrus Logic Company Profile
Cirrus Logic, Inc, a fabless semiconductor company, develops low-power, high-precision mixed-signal processing solutions in China, the United States, and internationally. The company offers audio products, including 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 digital signal processing; boosted amplifiers; standalone digital signal processors; and SoundClear technology, which consists of a portfolio of tools, software, and algorithms that helps to enhance user experience with features, such as louder, high-fidelity sound, audio playback, voice capture, and hearing augmentation.
- Five stocks we like better than Cirrus Logic
- Upcoming IPO Stock Lockup Period, Explained
- MarketBeat Week in Review – 10/30 – 11/3
- How to Invest and Trade Chinese Stocks
- Shocking uranium play that hedge funds kept hidden
- How to Know if a Stock Pays Dividends and When They Are Paid Out
- Dependable dividends: Why utility stocks are on fire
Receive News & Ratings for Cirrus Logic Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Cirrus Logic and related companies with MarketBeat.com's FREE daily email newsletter.