Cirrus Logic, Inc. (NASDAQ:CRUS) Receives Consensus Recommendation of "Moderate Buy" from Brokerages

Cirrus Logic, Inc. (NASDAQ:CRUS - Get Free Report) has been given a consensus rating of "Moderate Buy" by the seven ratings firms that are covering the company, MarketBeat Ratings reports. One investment analyst has rated the stock with a hold recommendation and six have issued a buy recommendation on the company. The average 12-month price objective among brokers that have issued a report on the stock in the last year is $128.86.

Several brokerages recently weighed in on CRUS. Benchmark reaffirmed a "buy" rating and set a $125.00 target price on shares of Cirrus Logic in a research report on Wednesday, March 19th. Stifel Nicolaus cut their price target on shares of Cirrus Logic from $140.00 to $112.00 and set a "buy" rating on the stock in a research note on Thursday. Finally, Barclays boosted their price objective on shares of Cirrus Logic from $105.00 to $115.00 and gave the company an "equal weight" rating in a report on Wednesday, February 5th.

Insider Buying and Selling

In related news, EVP Jeffrey W. Baumgartner sold 2,051 shares of the company's stock in a transaction dated Monday, February 3rd. The stock was sold at an average price of $100.00, for a total value of $205,100.00. Following the completion of the transaction, the executive vice president now owns 8,330 shares of the company's stock, valued at approximately $833,000. This represents a 19.76 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. 1.02% of the stock is currently owned by insiders.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently made changes to their positions in the business. Westside Investment Management Inc. acquired a new position in Cirrus Logic during the third quarter worth $35,000. Kohmann Bosshard Financial Services LLC acquired a new stake in Cirrus Logic in the 4th quarter worth about $28,000. Headlands Technologies LLC purchased a new stake in Cirrus Logic during the 4th quarter worth approximately $39,000. Sound Income Strategies LLC purchased a new position in shares of Cirrus Logic in the fourth quarter valued at approximately $46,000. Finally, R Squared Ltd acquired a new position in Cirrus Logic in the 4th quarter valued at $47,000. Hedge funds and other institutional investors own 87.96% of the company's stock.

Cirrus Logic Stock Performance

NASDAQ:CRUS traded up $0.17 during trading hours on Friday, reaching $85.69. The company's stock had a trading volume of 61,386 shares, compared to its average volume of 615,418. The company has a market capitalization of $4.55 billion, a P/E ratio of 15.55 and a beta of 0.95. The stock has a 50 day moving average price of $99.39 and a two-hundred day moving average price of $104.70. Cirrus Logic has a 12 month low of $75.83 and a 12 month high of $147.46.

Cirrus Logic (NASDAQ:CRUS - Get Free Report) last announced its earnings results on Tuesday, February 4th. The semiconductor company reported $2.15 EPS for the quarter, missing analysts' consensus estimates of $2.36 by ($0.21). Cirrus Logic had a return on equity of 16.60% and a net margin of 16.55%. As a group, analysts predict that Cirrus Logic will post 5.63 EPS for the current fiscal 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 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.