Oppenheimer analyst Rick Schafer maintained a Hold rating on Cirrus Logic (NASDAQ: CRUS) yesterday. The company’s shares closed yesterday at $43.96.
According to TipRanks.com, Schafer is a 5-star analyst with an average return of 16.3% and a 68.8% success rate. Schafer covers the Consumer Goods sector, focusing on stocks such as Advanced Micro Devices, Skyworks Solutions, and Texas Instruments.
Cirrus Logic has an analyst consensus of Moderate Buy, with a price target consensus of $48.25, a 9.8% upside from current levels. In a report issued on August 1, Cowen & Co. also reiterated a Hold rating on the stock with a $44 price target.
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Based on Cirrus Logic’s latest earnings release for the quarter ending June 30, the company reported a quarterly GAAP net loss of $4.27 million. In comparison, last year the company had a net profit of $42.91 million.
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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.
