Shares of Cirrus Logic, Inc. (NASDAQ:CRUS) have earned an average rating of “Hold” from the fifteen research firms that are currently covering the firm, MarketBeat.com reports. Five research analysts have rated the stock with a sell recommendation, two have given a hold recommendation and seven have assigned a buy recommendation to the company. The average 12-month price objective among brokerages that have updated their coverage on the stock in the last year is $50.80.
CRUS has been the subject of several analyst reports. BidaskClub raised shares of Cirrus Logic from a “sell” rating to a “hold” rating in a report on Saturday, June 16th. Zacks Investment Research raised shares of Cirrus Logic from a “sell” rating to a “hold” rating in a report on Tuesday, July 3rd. ValuEngine raised shares of Cirrus Logic from a “strong sell” rating to a “sell” rating in a report on Wednesday, July 25th. Cowen raised their price objective on shares of Cirrus Logic from $40.00 to $44.00 and gave the stock a “market perform” rating in a report on Thursday, August 2nd. Finally, Craig Hallum raised their price objective on shares of Cirrus Logic from $43.00 to $51.00 and gave the stock a “buy” rating in a report on Thursday, August 2nd.
In other Cirrus Logic news, Director Timothy R. Dehne sold 4,171 shares of the firm’s stock in a transaction on Sunday, August 26th. The shares were sold at an average price of $44.99, for a total value of $187,653.29. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. 2.32% of the stock is owned by company insiders.
Shares of CRUS stock opened at $35.29 on Wednesday. Cirrus Logic has a 12-month low of $34.49 and a 12-month high of $58.80. The company has a market cap of $2.36 billion, a PE ratio of 9.56, a P/E/G ratio of 0.97 and a beta of 0.41.
Cirrus Logic (NASDAQ:CRUS) last released its quarterly earnings data on Wednesday, August 1st. The semiconductor company reported $0.28 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of ($0.08) by $0.36. The company had revenue of $254.48 million during the quarter, compared to the consensus estimate of $231.38 million. Cirrus Logic had a net margin of 7.83% and a return on equity of 17.46%. Cirrus Logic’s revenue for the quarter was down 20.7% on a year-over-year basis. During the same period last year, the firm earned $0.81 EPS. As a group, research analysts expect that Cirrus Logic will post 2.66 earnings per share for the current year.
About Cirrus Logic
Cirrus Logic, Inc, a fabless semiconductor company, develops, manufactures, and markets analog and mixed-signal integrated circuits (ICs) for a range of consumer and industrial markets. The company offers portable and non-portable audio, and other products. Its products include analog and mixed-signal audio converters, and digital signal processing products for mobile applications; codecs-chips that integrate analog-to-digital converters and digital-to-analog converters into a single IC; smart codecs, a codec with digital signal processer; boosted amplifiers; micro-electromechanical systems microphones; digital interface products; and standalone digital signal processors.
Further Reading: 52-Week High/Low
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.