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 Price Performance

Shares of NASDAQ:CRUS opened at $87.59 on Monday. The stock has a market capitalization of $4.90 billion, a P/E ratio of 14.80, a P/E/G ratio of 6.96 and a beta of 0.97. Cirrus Logic has a 1 year low of $67.03 and a 1 year high of $95.84. The company's 50-day moving average is $77.16 and its 200 day moving average is $79.99.

Analyst Ratings Changes

CRUS has been the topic of several recent research reports. Benchmark dropped their price target on Cirrus Logic from $100.00 to $95.00 in a research note on Wednesday, May 4th. Susquehanna Bancshares cut their target price on Cirrus Logic to $110.00 in a research note on Monday, July 25th. Cowen increased their price target on Cirrus Logic from $90.00 to $100.00 in a research note on Wednesday, August 3rd. Stifel Nicolaus increased their price target on Cirrus Logic from $112.00 to $120.00 in a research note on Wednesday, May 4th. Finally, KeyCorp decreased their price objective on Cirrus Logic from $120.00 to $105.00 in a report on Wednesday, May 4th. One equities research analyst has rated the stock with a sell rating and eight have given a buy rating to the company's stock. According to data from MarketBeat, Cirrus Logic presently has a consensus rating of "Moderate Buy" and a consensus price target of $102.60.

Insider Activity at Cirrus Logic

In other news, Director Alexander M. Davern sold 1,000 shares of the stock in a transaction on Monday, August 8th. The shares were sold at an average price of $84.74, for a total value of $84,740.00. Following the completion of the sale, the director now directly owns 18,875 shares of the company's stock, valued at $1,599,467.50. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. In other news, VP Carl Jackson Alberty sold 1,823 shares of the business's stock in a transaction dated Thursday, August 4th. The shares were sold at an average price of $88.24, for a total value of $160,861.52. Following the completion of the sale, the vice president now owns 33,014 shares in the company, valued at approximately $2,913,155.36. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. Also, Director Alexander M. Davern sold 1,000 shares of Cirrus Logic stock in a transaction that occurred on Monday, August 8th. The stock was sold at an average price of $84.74, for a total transaction of $84,740.00. Following the completion of the transaction, the director now directly owns 18,875 shares in the company, valued at approximately $1,599,467.50. The disclosure for this sale can be found here. Insiders have sold a total of 6,862 shares of company stock worth $572,518 over the last quarter. Company insiders own 0.89% of the company's stock.