Cirrus Logic - CRUS Stock Forecast, Price & News

Cirrus Logic, Inc., a fabless semiconductor company, provides low-power and high-precision mixed-signal processing solutions in the United States and internationally. It offers portable 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 processer; boosted amplifiers; 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, hearing augmentation, and active noise cancellation. The company's audio products are used in smartphones, tablets, wireless headsets, laptops, AR/VR headsets, home theater systems, automotive entertainment systems, and professional audio systems. It also provides high-performance mixed-signal products, such as haptic driver and sensing solutions, camera controllers, power conversion, and control ICs and fast-charging ICs used in various industrial and energy applications comprising digital utility meters, power supplies, energy control, energy measurement, and energy exploration. 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.

Cirrus Logic Stock Performance

Shares of NASDAQ:CRUS traded down $1.13 during trading on Friday, reaching $86.57. The stock had a trading volume of 2,627 shares, compared to its average volume of 423,598. Cirrus Logic has a 52 week low of $67.03 and a 52 week high of $95.84. The firm's fifty day moving average is $77.66 and its 200 day moving average is $80.10. The stock has a market cap of $4.84 billion, a price-to-earnings ratio of 14.81, a P/E/G ratio of 6.95 and a beta of 0.97.

Analyst Upgrades and Downgrades

CRUS has been the subject of several research analyst reports. Benchmark lowered their price target on shares of Cirrus Logic from $100.00 to $95.00 in a report on Wednesday, May 4th. StockNews.com lowered Cirrus Logic from a "strong-buy" rating to a "buy" rating in a research note on Thursday, August 4th. Needham & Company LLC raised their price objective on shares of Cirrus Logic from $85.00 to $97.00 and gave the company a "buy" rating in a report on Wednesday, August 3rd. Susquehanna Bancshares reduced their target price on shares of Cirrus Logic to $110.00 in a report on Monday, July 25th. Finally, Stifel Nicolaus raised their price target on shares of Cirrus Logic from $112.00 to $120.00 in a research note on Wednesday, May 4th. One research analyst has rated the stock with a sell rating and eight have issued a buy rating to the company's stock. Based on data from MarketBeat.com, the company has a consensus rating of "Moderate Buy" and an average target price of $102.60.

Insider Activity at Cirrus Logic

In other Cirrus Logic news, VP Carl Jackson Alberty sold 1,823 shares of the stock in a transaction dated Thursday, August 4th. The stock was sold at an average price of $88.24, for a total transaction of $160,861.52. Following the completion of the sale, the vice president now directly owns 33,014 shares in the company, valued at approximately $2,913,155.36. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. In other news, Director Alexander M. Davern sold 1,000 shares of the firm's stock in a transaction that occurred on Monday, August 8th. The shares were sold at an average price of $84.74, for a total transaction of $84,740.00. Following the completion of the sale, the director now owns 18,875 shares of the company's stock, valued at approximately $1,599,467.50. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Also, VP Carl Jackson Alberty sold 1,823 shares of Cirrus Logic stock in a transaction on Thursday, August 4th. The shares were sold at an average price of $88.24, for a total transaction of $160,861.52. Following the completion of the sale, the vice president now owns 33,014 shares of the company's stock, valued at approximately $2,913,155.36. The disclosure for this sale can be found here. 0.89% of the stock is owned by company insiders.