Needham analyst Rajvindra Gill maintained a Hold rating on Cirrus Logic (CRUS) today. The company’s shares closed yesterday at $37.51, close to its 52-week low of $34.49.
Gill commented:
“As part of our AI / IoT call series, we hosted a well- attended call with to discuss the company’s voice biometrics initiative. Voice as an interface has grown over the past 5 years. Specifically, the adoption of voice trigger has accelerated; however, reliable authentication continues to pose a serious issue. Although we are in the early innings of voice biometrics business, we believe CRUS is well-positioned to solve user authentication through a combination of software and custom silicon to meet the various needs of its smartphone OEM customers.”
According to TipRanks.com, Gill is a 5-star analyst with an average return of 11.8% and a 52.4% success rate. Gill covers the Consumer Goods sector, focusing on stocks such as Everspin Technologies Inc, Smart Global Holdings Inc, and Adesto Technologies Corp.
Cirrus Logic has an analyst consensus of Moderate Buy, with a price target consensus of $41.50.
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Cirrus Logic’s market cap is currently $2.24B and has a P/E ratio of 23.89. The company has a Price to Book ratio of 1.96.
Based on the recent corporate insider activity of 29 insiders, corporate insider sentiment is negative on the stock.
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Cirrus Logic, Inc. develops high-precision, analog and mixed-signal integrated circuits for a range of customers. It builds an analog and signal-processing patent portfolio. The company delivers optimized products for a variety of audio, industrial and energy-related applications.
