Oppenheimer Keeps Their Hold Rating on Cirrus Logic (CRUS)
In a report issued on January 7, Rick Schafer from Oppenheimer maintained a Hold rating on Cirrus Logic (CRUS). The company’s shares closed last Tuesday at $93.00.
According to TipRanks.com, Schafer is a top 100 analyst with an average return of 24.6% and a 79.2% success rate. Schafer covers the Technology sector, focusing on stocks such as Advanced Micro Devices, Akoustis Technologies, and NXP Semiconductors.
Currently, the analyst consensus on Cirrus Logic is a Moderate Buy with an average price target of $93.71, representing a 1.0% upside. In a report issued on January 8, Barclays also maintained a Hold rating on the stock with a $90.00 price target.
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Cirrus Logic’s market cap is currently $5.3B and has a P/E ratio of 35.20. The company has a Price to Book ratio of 5.28.
Based on the recent corporate insider activity of 46 insiders, corporate insider sentiment is negative on the stock. This means that over the past quarter there has been an increase of insiders selling their shares of CRUS in relation to earlier this year.
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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 firm delivers optimized products for a variety of audio, industrial and energy-related applications. Its product lines include portable audio products and non-portable audio and other products. The company was founded by Suhas S. Patil and Michael L. Hackworth in 1984 and is headquartered in Austin, TX.