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 Friday. The firm's 50 day simple moving average is $77.16 and its 200-day simple moving average is $80.06. Cirrus Logic has a 12 month low of $67.03 and a 12 month high of $95.84. The stock has a market capitalization of $4.90 billion, a price-to-earnings ratio of 14.80, a PEG ratio of 6.80 and a beta of 0.97.

Analyst Upgrades and Downgrades

A number of equities research analysts have weighed in on the company. Stifel Nicolaus lifted their target price on Cirrus Logic from $112.00 to $120.00 in a research report on Wednesday, May 4th. Barclays cut their price objective on shares of Cirrus Logic from $120.00 to $105.00 and set an "overweight" rating on the stock in a report on Monday, July 25th. Bank of America dropped their target price on Cirrus Logic from $85.00 to $80.00 and set an "underperform" rating on the stock in a research report on Wednesday, June 29th. Susquehanna Bancshares reduced their target price on shares of Cirrus Logic to $110.00 in a report on Monday, July 25th. Finally, Cowen boosted their price objective on shares of Cirrus Logic from $90.00 to $100.00 in a research note on Wednesday, August 3rd. One equities research analyst has rated the stock with a sell rating and eight have issued a buy rating to the stock. According to data from MarketBeat, the stock presently has an average rating of "Moderate Buy" and an average price target of $102.60.

Insider Buying and Selling at Cirrus Logic

In other news, VP Carl Jackson Alberty sold 1,823 shares of the firm's 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 sale, the vice president now directly owns 33,014 shares in the company, valued at approximately $2,913,155.36. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. In other Cirrus Logic news, VP Carl Jackson Alberty sold 1,823 shares of the 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 transaction, the vice president now directly owns 33,014 shares of the company's stock, valued at $2,913,155.36. The transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Also, VP Justin E. Dougherty sold 4,039 shares of the business's stock in a transaction dated Tuesday, May 17th. The stock was sold at an average price of $80.94, for a total transaction of $326,916.66. Following the sale, the vice president now directly owns 5,673 shares of the company's stock, valued at approximately $459,172.62. The disclosure for this sale can be found here. Over the last quarter, insiders sold 6,862 shares of company stock valued at $572,518. Corporate insiders own 0.89% of the company's stock.