News coverage about Cirrus Logic (NASDAQ:CRUS) has been trending somewhat positive on Friday, Accern reports. Accern identifies positive and negative press coverage by reviewing more than twenty million news and blog sources in real time. Accern ranks coverage of companies on a scale of -1 to 1, with scores nearest to one being the most favorable. Cirrus Logic earned a news sentiment score of 0.07 on Accern’s scale. Accern also assigned media stories about the semiconductor company an impact score of 44.8571295024989 out of 100, indicating that recent press coverage is somewhat unlikely to have an effect on the company’s share price in the next several days.
CRUS has been the topic of several recent research reports. Northland Securities restated a “buy” rating on shares of Cirrus Logic in a research report on Friday, November 3rd. Zacks Investment Research upgraded shares of Cirrus Logic from a “hold” rating to a “buy” rating and set a $62.00 price target on the stock in a research report on Tuesday, October 3rd. BidaskClub lowered shares of Cirrus Logic from a “hold” rating to a “sell” rating in a research report on Wednesday, December 6th. ValuEngine upgraded shares of Cirrus Logic from a “hold” rating to a “buy” rating in a research report on Monday, October 2nd. Finally, Vetr cut shares of Cirrus Logic from a “hold” rating to a “sell” rating and set a $49.82 price objective on the stock. in a research report on Monday, December 18th. Four equities research analysts have rated the stock with a sell rating, five have given a hold rating and nine have given a buy rating to the stock. The company currently has a consensus rating of “Hold” and a consensus target price of $65.76.
Cirrus Logic (CRUS) opened at $54.80 on Friday. Cirrus Logic has a 52-week low of $48.61 and a 52-week high of $71.97. The firm has a market cap of $3,490.00 and a P/E ratio of 13.40.
In other news, Director Christine King sold 562 shares of the business’s stock in a transaction on Friday, December 15th. The shares were sold at an average price of $49.75, for a total transaction of $27,959.50. Following the transaction, the director now directly owns 11,744 shares in the company, valued at approximately $584,264. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink. Over the last quarter, insiders have sold 6,123 shares of company stock worth $328,718. Corporate insiders own 1.92% of the company’s stock.
ILLEGAL ACTIVITY WARNING: “Cirrus Logic (CRUS) Getting Somewhat Favorable News Coverage, Report Shows” was originally published by Week Herald and is owned by of Week Herald. If you are viewing this story on another domain, it was stolen and reposted in violation of US & international copyright and trademark law. The legal version of this story can be read at https://weekherald.com/2018/01/19/cirrus-logic-crus-getting-somewhat-favorable-news-coverage-report-shows.html.
Cirrus Logic Company Profile
Cirrus Logic, Inc is engaged in providing integrated circuits (ICs) for audio and voice signal processing applications. The Company develops analog and mixed-signal ICs for a range of customers. The Company offers two product lines: Portable Audio, and Non-Portable Audio and Other. The Company’s primary facility housing engineering, sales and marketing, and administration functions is located in Austin, Texas.
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.com's FREE daily email newsletter.