Analyst Rating Update on Cirrus Logic (CRUS)

Cirrus Logic (CRUS) : The consensus on Cirrus Logic (CRUS) based on 9 analyst recommendation on the company stock is 1.67, which is interpreted as a Buy recommendation. Zacks Investment Research has issued a rank of 1 which endorses a Strong Buy on the stock. However, 5 brokers have a differing view as they consider the stock to be a Strong Buy at current levels. 2 analyst believes that the stock is a Buy, which can produce decent returns in the future. 2 experts consider that the stocks earnings and the quoted price is in harmony, hence, they give it a Hold rating.

Cirrus Logic (CRUS) : The highest short term price target forecast on Cirrus Logic (CRUS) is $57 and the lowest target price is $38. A total of 8 equity analysts are currently covering the company. The average price of all the analysts is $50.5 with a standard deviation of $6.91.

For the current week, the company shares have a recommendation consensus of Buy.


Cirrus Logic (NASDAQ:CRUS): The stock opened at $48.55 on Wednesday but the bulls could not build on the opening and the stock topped out at $49.04 for the day. The stock traded down to $48.03 during the day, due to lack of any buying support eventually closed down at $48.30 with a loss of -0.56% for the day. The stock had closed at $48.57 on the previous day. The total traded volume was 908,821 shares.

Cirrus Logic, Inc. (Cirrus Logic) develops high-precision, analog and mixed-signal integrated circuits (ICs) for a range of audio and energy markets. Cirrus Logic delivers products for consumer and professional audio, automotive entertainment, and targeted industrial applications including energy control, energy measurement, light emitting diode (LED) lighting and energy exploration. The Company also serves customers from sales offices in the United States, Europe and Asia, including the Peoples Republic of China, Hong Kong, South Korea, Japan, Singapore, Taiwan and the United Kingdom. The Audio Products segment offers analog and mixed-signal audio converter and audio DSP products. The Energy Products provides high-precision analog and mixed-signal ICs for targeted energy control, energy measurement, LED lighting and energy exploration applications.

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