Cirrus Logic, Inc. (NASDAQ:CRUS) Receives Consensus Rating of "Moderate Buy" from Brokerages

Shares of Cirrus Logic, Inc. (NASDAQ:CRUS - Get Free Report) have earned a consensus rating of "Moderate Buy" from the seven ratings firms that are covering the stock, Marketbeat Ratings reports. Two research analysts have rated the stock with a hold rating and five have given a buy rating to the company. The average 12 month price target among brokerages that have issued ratings on the stock in the last year is $132.50.

Several equities analysts recently commented on CRUS shares. Stifel Nicolaus reduced their price target on Cirrus Logic from $165.00 to $140.00 and set a "buy" rating on the stock in a research report on Tuesday, November 5th. Loop Capital assumed coverage on shares of Cirrus Logic in a research note on Tuesday, November 12th. They issued a "buy" rating and a $130.00 target price for the company. Susquehanna lifted their price target on shares of Cirrus Logic from $135.00 to $140.00 and gave the stock a "positive" rating in a research note on Monday, November 18th. StockNews.com raised shares of Cirrus Logic from a "hold" rating to a "buy" rating in a research report on Tuesday, December 3rd. Finally, Barclays lowered their target price on Cirrus Logic from $120.00 to $105.00 and set an "equal weight" rating for the company in a research note on Tuesday, November 5th.

Institutional Inflows and Outflows

Several hedge funds have recently made changes to their positions in CRUS. Huntington National Bank boosted its holdings in Cirrus Logic by 10,500.0% in the third quarter. Huntington National Bank now owns 212 shares of the semiconductor company's stock worth $26,000 after purchasing an additional 210 shares during the period. Nisa Investment Advisors LLC lifted its position in shares of Cirrus Logic by 98.4% in the 3rd quarter. Nisa Investment Advisors LLC now owns 242 shares of the semiconductor company's stock worth $30,000 after buying an additional 120 shares during the last quarter. V Square Quantitative Management LLC acquired a new position in shares of Cirrus Logic in the 3rd quarter valued at about $31,000. Westside Investment Management Inc. bought a new stake in shares of Cirrus Logic during the 3rd quarter valued at about $35,000. Finally, GAMMA Investing LLC raised its stake in Cirrus Logic by 81.2% during the third quarter. GAMMA Investing LLC now owns 859 shares of the semiconductor company's stock worth $107,000 after acquiring an additional 385 shares during the period. Institutional investors and hedge funds own 87.96% of the company's stock.

Cirrus Logic Price Performance

NASDAQ CRUS traded up $1.38 during mid-day trading on Friday, hitting $100.79. The company's stock had a trading volume of 753,048 shares, compared to its average volume of 647,374. The firm has a market capitalization of $5.36 billion, a P/E ratio of 17.08 and a beta of 0.93. Cirrus Logic has a 52-week low of $75.92 and a 52-week high of $147.46. The stock's fifty day simple moving average is $104.71 and its two-hundred day simple moving average is $121.00.

Cirrus Logic (NASDAQ:CRUS - Get Free Report) last posted its earnings results on Monday, November 4th. The semiconductor company reported $2.25 earnings per share for the quarter, beating the consensus estimate of $2.02 by $0.23. Cirrus Logic had a net margin of 17.19% and a return on equity of 18.15%. The business had revenue of $541.90 million for the quarter, compared to analyst estimates of $520.53 million. During the same quarter in the previous year, the business posted $1.43 EPS. The business's quarterly revenue was up 12.6% on a year-over-year basis. On average, equities analysts forecast that Cirrus Logic will post 5.21 earnings per share for the current fiscal 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.