Cirrus Logic, Inc. (NASDAQ:CRUS) Given Average Rating of “Moderate Buy” by Brokerages

Cirrus Logic, Inc. (NASDAQ:CRUS) has earned an average recommendation of “Moderate Buy” from the seven brokerages that are covering the firm, Marketbeat Ratings reports. One analyst has rated the stock with a hold rating and six have given a buy rating to the company. The average 1-year price objective among analysts that have updated their coverage on the stock in the last year is $128.86.

Several equities analysts recently commented on the company. Stifel Nicolaus dropped their target price on Cirrus Logic from $140.00 to $112.00 and set a “buy” rating on the stock in a report on Thursday. Barclays increased their price objective on Cirrus Logic from $105.00 to $115.00 and gave the company an “equal weight” rating in a report on Wednesday, February 5th. Finally, Benchmark restated a “buy” rating and set a $125.00 target price on shares of Cirrus Logic in a research note on Wednesday, March 19th.

Insider Activity

In other Cirrus Logic news, EVP Jeffrey W. Baumgartner sold 2,051 shares of Cirrus Logic stock in a transaction that occurred on Monday, February 3rd. The stock was sold at an average price of $100.00, for a total transaction of $205,100.00. Following the transaction, the executive vice president now owns 8,330 shares of the company’s stock, valued at $833,000. The trade was a 19.76 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink. Company insiders own 1.02% of the company’s stock.

Institutional Investors Weigh In On Cirrus Logic

Several large investors have recently modified their holdings of CRUS. Westside Investment Management Inc. purchased a new stake in Cirrus Logic in the 3rd quarter valued at $35,000. Kohmann Bosshard Financial Services LLC acquired a new stake in shares of Cirrus Logic during the fourth quarter worth about $28,000. Headlands Technologies LLC purchased a new position in shares of Cirrus Logic during the fourth quarter worth about $39,000. Sound Income Strategies LLC acquired a new position in Cirrus Logic in the 4th quarter valued at about $46,000. Finally, R Squared Ltd acquired a new position in Cirrus Logic in the 4th quarter valued at about $47,000. 87.96% of the stock is owned by institutional investors and hedge funds.

Cirrus Logic Stock Performance

Shares of CRUS opened at $85.58 on Friday. Cirrus Logic has a 1 year low of $75.83 and a 1 year high of $147.46. The stock has a market capitalization of $4.55 billion, a PE ratio of 15.53 and a beta of 0.95. The stock has a 50-day simple moving average of $99.02 and a 200-day simple moving average of $104.43.

Cirrus Logic (NASDAQ:CRUS) last issued its quarterly earnings results on Tuesday, February 4th. The semiconductor company reported $2.15 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $2.36 by ($0.21). Cirrus Logic had a return on equity of 16.60% and a net margin of 16.55%. Analysts predict that Cirrus Logic will post 5.63 EPS for the current year.

Cirrus Logic Company Profile

Cirrus Logic, Inc, a fabless semiconductor company, develops low-power high-precision mixed-signal processing solutions in China, the United States, and internationally. The company offers audio products, including amplifiers; 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 integrated digital signal processing; standalone 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, and hearing augmentation for use in smartphones, tablets, laptops, AR/VR headsets, home theater systems, automotive entertainment systems, and professional audio systems.