Cirrus Logic (CRUS) Receives a Rating Update from a Top Analyst


In a report released today, Rick Schafer from Oppenheimer maintained a Hold rating on Cirrus Logic (CRUS). The company’s shares closed yesterday at $40.13.

According to TipRanks.com, Schafer is a top 100 analyst with an average return of 15.2% and a 70.0% success rate. Schafer covers the Consumer Goods sector, focusing on stocks such as Akoustis Technologies, Skyworks Solutions, and Texas Instruments.

Cirrus Logic has an analyst consensus of Hold, with a price target consensus of $39.

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Based on Cirrus Logic’s latest earnings release for the quarter ending December 31, the company reported a quarterly net profit of $29.93 million. In comparison, last year the company had a net profit of $33.78 million.

Based on the recent corporate insider activity of 27 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.

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