Economy

Cirrus Logic, Inc. (NASDAQ:CRUS) Under Analyst Spotlight

Stifel Nicolaus reissued a "buy" rating and set a $75.00 target price on shares of Cirrus Logic in a report on Thursday, August 3rd. It has outperformed by 80.80% the S&P500.The move comes after 6 months negative chart setup for the $3.43B company. (NASDAQ:CRUS) for 100 shares. The Mean Recommendation is the average rating on a stock by the analyst community. Therefore 36% are positive. Mutualfirst Financial Inc had 5 analyst reports since October 27, 2015 according to SRatingsIntel.

02/26/2016 - Topeka Capital Markets began new coverage on Cirrus Logic, Inc. giving the company a "buy" rating. Dougherty & Company initiated the shares of CRUS in report on Monday, November 30 with "Buy" rating. KeyBanc Capital Markets maintained it with "Buy" rating and $75.0 target in Thursday, August 31 report. (NASDAQ:CRUS) news were published by: Businesswire.com which released: "Cirrus Logic to Announce Q2 Results November 2" on October 04, 2017, also Seekingalpha.com published article titled: "BofAML says Cirrus Logic's iPhone content might peak in FY18", Gurufocus.com published: "Interpublic and Cirrus Logic Are on the Casualty List" on October 04, 2017. Stifel Nicolaus maintained Cirrus Logic, Inc. Stifel Nicolaus maintained it with "Buy" rating and $47.0 target in Thursday, September 7 report. The rating was maintained by Keefe Bruyette & Woods on Tuesday, October 3 with "Hold". It has outperformed by 4.94% the S&P500. The stock of EPAM Systems Inc (NYSE:EPAM) earned "Buy" rating by Jefferies on Thursday, August 17. Shares for $446,102 were sold by KING CHRISTINE. Therefore 71% are positive. Cirrus Logic, Inc. The stock's 50 day moving average price is $55.44 and its 200-day moving average price is $61.30. On Tuesday, September 20 the stock rating was maintained by Canaccord Genuity with "Buy". Rosenblatt maintained the stock with "Buy" rating in Thursday, July 23 report. The stock has "Underweight" rating by Barclays Capital on Tuesday, July 18. The firm has "Hold" rating by Craig Hallum given on Wednesday, September 13. The stock of Luxoft Holding Inc (NYSE:LXFT) has "Buy" rating given on Friday, August 11 by Cowen & Co. As per Friday, October 28, the company rating was maintained by Canaccord Genuity. Private Advisor Gru Ltd Company has invested 0.01% of its portfolio in Cirrus Logic, Inc. The company has market cap of $3.45 billion. The Company develops analog and mixed-signal ICs for a range of customers. The PE ratio of 12.63 helps investors explore how much they should pay for a stock based on its current earnings. The Firm offers two product lines: Portable Audio, and Non-Portable Audio and Other.

Investors sentiment increased to 1.41 in 2017 Q2. Its down 0.32, from 1.26 in 2017Q1.

Cirrus Logic, Inc. (CRUS) shares are up 1.12% for the week and that has got investors and traders sitting up and taking note.

Hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Morgan Stanley accumulated 744,557 shares. Northern Tru Corporation accumulated 2.00 million shares. The semiconductor company reported $0.81 earnings per share for the quarter, beating the Thomson Reuters' consensus estimate of $0.66 by $0.15. Moreover, Axa has 0.07% invested in Cirrus Logic, Inc. Fortaleza Asset Management Inc. bought a new stake in Cirrus Logic during the 2nd quarter valued at $102,000. Looking at the other side of the coin, CRUS traded as low as $49.05 in the past 52 weeks, and since then the shares have risen 10.17% or $4.99. Kames Cap Public Ltd Liability Com holds 10,349 shares or 0% of its portfolio. Its up 12.87% from 4.09M shares previously. The North Carolina-based Holderness Investments Co has invested 1.98% in the stock. Volume is the basic fuel of the market since stocks move up or down in price only when shares are trading hands.

Cirrus Logic, Inc. (NASDAQ:CRUS) price is pointing towards neither exit nor entry barriers, according to a technical analysis tool called the Relative Strength Index (RSI). (NASDAQ:CRUS) has risen 97.50% since October 6, 2016 and is uptrending. They expect $1.04 earnings per share, down 16.13% or $0.20 from last year's $1.24 per share. Da Davidson And Communications holds 0% of its portfolio in Cirrus Logic, Inc.

Since May 2, 2017, it had 0 insider purchases, and 6 insider sales for $5.07 million activity. Shares for $1.25M were sold by FLUKE BRADLEY J on Thursday, May 4. $1.45 million worth of Cirrus Logic, Inc. Outstanding shares refer to a company's stock presently held by all its shareholders, counting share blocks held by institutional shareholders and restricted shares owned by the company's officers and insiders. (NASDAQ:CRUS) shares with value of $1.45M were sold by ANDERSON SCOTT ARNOLD. The company had revenue of $320.70 million during the quarter, compared to analysts' expectations of $320.32 million. The Firm provides consumer reports, risk scores, analytical services and decision capabilities to businesses. It has a 25.6 P/E ratio. The Firm operates through three divisions: U.S. About shares traded. MutualFirst Financial, Inc.



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