2 weeks Ago By ABMN Staff
Shares of Cirrus Logic, Inc. ( NASDAQ:CRUS – Get Free Report ) have received a consensus recommendation of “Moderate Buy” from the seven research firms that are covering the firm, Marketbeat reports. One research analyst has rated the stock with a hold recommendation and six have assigned a buy recommendation to the company.
The average twelve-month price target among analysts that have covered the stock in the last year is $143.33. A number of research firms recently issued reports on CRUS.
KeyCorp boosted their target price on shares of Cirrus Logic from $155.00 to $165.00 and gave the company an “overweight” rating in a report on Wednesday, August 7th.
Susquehanna raised their price target on shares of Cirrus Logic from $120.00 to $175.00 and gave the company a “positive” rating in a report on Wednesday, July 17th.
StockNews.com lowered shares of Cirrus Logic from a “strong-buy” rating to a “buy” rating in a research report on Thursday, August 15th. Barclays increased their price target on Cirrus Logic from $110.
00 to $140.00 and gave the company an “overweight” rating in a report on Wednesday, August 7th. Finally, Stifel Nicolaus boosted their price objective on Cirrus Logic from $110.
00 to $165.00 and gave the stock a “buy” rating in a research note on Thursday, July 18th. Check Out Our Latest Stock Report on Cirrus Logic Cirrus Logic Stock Performance Cirrus Logic ( NASDAQ:CRUS – Get Free Report ) last posted its quarterly earnings data on Tuesday, August 6th.
The semiconductor company reported $1.12 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.62 by $0.
50. The business had revenue of $374.03 million for the quarter, compared to analysts’ expectations of $318.
41 million. Cirrus Logic had a return on equity of 17.42% and a net margin of 16.
31%. The business’s revenue was up 18.0% on a year-over-year basis.
During the same quarter last year, the firm earned $0.35 earnings per share. Equities analysts expect that Cirrus Logic will post 5.
26 EPS for the current fiscal year. Insider Buying and Selling at Cirrus Logic In other Cirrus Logic news, VP Andrew Brannan sold 4,350 shares of Cirrus Logic stock in a transaction that occurred on Wednesday, August 14th. The stock was sold at an average price of $136.
04, for a total transaction of $591,774.00. Following the sale, the vice president now directly owns 4,004 shares in the company, valued at approximately $544,704.
16. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website . In related news, SVP Justin E.
Dougherty sold 10,203 shares of Cirrus Logic stock in a transaction dated Friday, August 9th. The stock was sold at an average price of $131.71, for a total value of $1,343,837.
13. Following the completion of the transaction, the senior vice president now directly owns 4,838 shares in the company, valued at $637,212.98.
The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website . Also, VP Andrew Brannan sold 4,350 shares of the company’s stock in a transaction that occurred on Wednesday, August 14th. The shares were sold at an average price of $136.
04, for a total value of $591,774.00. Following the sale, the vice president now owns 4,004 shares in the company, valued at approximately $544,704.
16. The disclosure for this sale can be found here . 1.
02% of the stock is currently owned by corporate insiders. Institutional Inflows and Outflows Several hedge funds and other institutional investors have recently modified their holdings of CRUS. Pacer Advisors Inc.
boosted its stake in Cirrus Logic by 8,183.4% during the 2nd quarter. Pacer Advisors Inc.
now owns 665,320 shares of the semiconductor company’s stock valued at $84,935,000 after purchasing an additional 657,288 shares during the period. Norges Bank bought a new position in shares of Cirrus Logic in the fourth quarter worth $51,890,000. Balyasny Asset Management L.
P. increased its holdings in shares of Cirrus Logic by 307.2% during the fourth quarter.
Balyasny Asset Management L.P. now owns 706,536 shares of the semiconductor company’s stock valued at $58,777,000 after purchasing an additional 533,019 shares during the period.
LSV Asset Management raised its stake in shares of Cirrus Logic by 34.6% during the second quarter. LSV Asset Management now owns 1,890,493 shares of the semiconductor company’s stock valued at $241,340,000 after purchasing an additional 486,086 shares in the last quarter.
Finally, Kodai Capital Management LP acquired a new stake in Cirrus Logic in the fourth quarter worth about $27,072,000. 87.96% of the stock is owned by institutional investors and hedge funds.
About Cirrus Logic ( Get Free Report 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 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, 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 for use in smartphones, tablets, laptops, AR/VR headsets, home theater systems, automotive entertainment systems, and professional audio systems. Read More 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.
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