Stifel Nicolaus Keeps a Buy Rating on Cirrus Logic (CRUS)


Stifel Nicolaus analyst Tore Svanberg reiterated a Buy rating on Cirrus Logic (CRUS) on November 13 and set a price target of $45. The company’s shares closed on Friday at $38.80.

According to TipRanks.com, Svanberg is a top 100 analyst with an average return of 16.1% and a 70.1% success rate. Svanberg covers the Consumer Goods sector, focusing on stocks such as MACOM Technology Solutions Holdings Inc, Quantenna Communications, and Silicon Laboratories.

Currently, the analyst consensus on Cirrus Logic is a Moderate Buy with an average price target of $43.60, a 12.4% upside from current levels. In a report issued on November 2, Craig-Hallum also reiterated a Buy rating on the stock with a $47 price target.

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Based on Cirrus Logic’s latest earnings release for the quarter ending September 30, the company reported a quarterly net profit of $58.17 million. In comparison, last year the company had a net profit of $73.3 million.

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.

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