Stifel Nicolaus Raises Cirrus Logic Inc. (CRUS) Price Target to $62.00

Cirrus Logic Inc. logoCirrus Logic Inc. (NASDAQ:CRUS) had its worth goal hoisted by Stifel Nicolaus from $58.00 to $62.00 in a badysis report launched on Thursday morning. They at the moment have a purchase ranking on the inventory.

Several different badysis badysts have additionally not too long ago weighed in on the inventory. Canaccord Genuity began protection on shares of Cirrus Logic in a report on Tuesday, June 21st. They issued a purchase ranking and a $52.00 worth goal on the inventory. Zacks Investment Research upgraded shares of Cirrus Logic from a maintain ranking to a strong-buy ranking and set a $56.00 goal worth on the inventory in a badysis report on Monday, August 1st. Needham & Company LLC restated a purchase ranking and set a $55.00 goal worth on shares of Cirrus Logic in a badysis report on Thursday, August 4th. Pacific Crest restated an equal weight ranking on shares of Cirrus Logic in a badysis report on Monday, August 29th. Finally, Oppenheimer Holdings Inc. restated an outperform ranking and set a $45.00 goal worth on shares of Cirrus Logic in a badysis report on Wednesday, July 27th. Three funding badysts have rated the inventory with a maintain ranking and eight have given a purchase ranking to the inventory. Cirrus Logic has a consensus ranking of Buy and a consensus goal worth of $49.50.

Shares of Cirrus Logic (NASDAQ:CRUS) opened at 53.29 on Thursday. The agency’s 50-day shifting common worth is $52.68 and its 200-day shifting common worth is $42.89. Cirrus Logic has a 12-month low of $25.09 and a 12-month excessive of $58.08. The agency has a market capitalization of $three.33 billion, a P/E ratio of 33.08 and a beta of zero.41.

Cirrus Logic (NASDAQ:CRUS) final launched its quarterly earnings outcomes on Wednesday, July 27th. The firm reported $zero.44 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $zero.28 by $zero.16. The agency had income of $259.40 million for the quarter, in comparison with badysts’ expectations of $236.67 million. Cirrus Logic had a internet margin of 9.26% and a return on fairness of 14.44%. The enterprise’s income was down eight.2% on a year-over-year foundation. During the identical interval within the prior 12 months, the agency earned $zero.54 EPS. Equities badysts predict that Cirrus Logic will put up $three.28 earnings per share for the present fiscal 12 months.

In different information, CEO Jason P. Rhode offered 90,156 shares of the agency’s inventory in a transaction on Monday, September 12th. The shares have been offered at a median worth of $48.57, for a complete transaction of $four,378,876.92. Following the completion of the transaction, the chief govt officer now owns 179,680 shares of the corporate’s inventory, valued at $eight,727,057.60. The transaction was disclosed in a authorized submitting with the Securities & Exchange Commission, which is accessible by this hyperlink. Also, Director David J. Tupman offered 1,500 shares of the agency’s inventory in a transaction on Tuesday, July 26th. The shares have been offered at a median worth of $40.62, for a complete transaction of $60,930.00. Following the transaction, the director now straight owns 2,500 shares of the corporate’s inventory, valued at roughly $101,550. The disclosure for this sale will be discovered right here. three.10% of the inventory is at the moment owned by company insiders.

Several institutional traders have not too long ago added to or diminished their stakes in CRUS. Hood River Capital Management LLC elevated its place in Cirrus Logic by 2.eight% within the second quarter. Hood River Capital Management LLC now owns 334,438 shares of the corporate’s inventory valued at $12,973,000 after shopping for a further eight,961 shares over the past quarter. Cortina Asset Management LLC elevated its place in shares of Cirrus Logic by 51.1% within the second quarter. Cortina Asset Management LLC now owns 697,353 shares of the corporate’s inventory price $27,zero50,000 after shopping for a further 235,878 shares within the final quarter. Artemis Investment Management LLP bought a brand new place in shares of Cirrus Logic through the second quarter price $15,251,000. CIBC World Markets Inc. bought a brand new place in shares of Cirrus Logic through the second quarter price $1,023,000. Finally, Geode Capital Management LLC elevated its place in shares of Cirrus Logic by zero.9% within the first quarter. Geode Capital Management LLC now owns 572,093 shares of the corporate’s inventory price $20,829,000 after shopping for a further 5,260 shares within the final quarter. 89.23% of the inventory is owned by hedge funds and different institutional traders.

Cirrus Logic Company Profile


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