Many Cirrus Logic, Inc.(CRUS) Stock Research Financial Advisors from Investment Banking firms have advised their client and investors on the stock. Company shares were Reiterated by Craig Hallum on Feb 2, 2017 to Hold, Raises Price Target to $ 63 from a previous price target of $60 .Cirrus Logic was Initiated by Craig Hallum on Nov 21, 2016 to Hold, Price Target of the shares are set at $60.
Company has reported several Insider transactions to the SEC, on Feb 9, 2017, Randolph K Carlson (VP Supply Chain) sold 17,880 shares at 55.98 per share price.On Feb 7, 2017, Rashpal Sahota (VP & Audio GM) sold 6,510 shares at 55.86 per share price.On Feb 3, 2017, Scott Thomas (VP General Counsel) sold 7,500 shares at 62.58 per share price.
Cirrus Logic Last issued its quarterly earnings results on Feb 1, 2017. The company reported $1.87 EPS for the quarter, beating the analyst consensus estimate by $ 0.25. Analyst had a consensus of $1.62. The company had revenue of $523.00 million for the quarter, compared to analysts expectations of $495.24 million. The companys revenue was up 50.3% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.82 EPS.
Cirrus Logic, Inc. (NASDAQ:CRUS) has received a short term rating of hold from experts at Zacks with a rank of 3. The stock has been rated an average of 1.73 by 11 Brokerage Firm. 6 Wall Street Firms have rated the stock as a strong buys. 2 stock experts have also suggested a buy rating. 3 Brokerage Firms have advised hold.
Cirrus Logic, Inc. (NASDAQ:CRUS): According to 9 Analysts, The short term target price has been estimated at $ 59.56.The target price could deviate by a maximum of $12.01 from the forecast price. In the near term, the target price could hit a high of $70 and a low of $ 38.
Cirrus Logic, Inc. (NASDAQ:CRUS) witnessed a decline in the market cap on Tuesday as its shares dropped 0.28% or 0.15 points. After the session commenced at $53.5, the stock reached the higher end at $53.78 while it hit a low of $52.81. With the volume soaring to 1,471,547 shares, the last trade was called at $53.36. The company has a 52-week high of $64.16. The company has a market cap of $3,427 million and there are 64,231,952 shares in outstanding. The 52-week low of the share price is $31.
Cirrus Logic Inc. is a premier supplier of high performance analog circuits and advanced mixed-signal chip solutions. The companys products, sold under its own name and the Crystal product brand, enable system-level applications in mass storage, audio and precision data conversion. (PRESS RELEASE)