Cirrus Logic, Inc. (NASDAQ:CRUS – Get Rating) – Inventory analysts at KeyCorp lifted their FY2024 earnings estimates for Cirrus Logic in a analysis report issued on Wednesday, January eleventh. KeyCorp analyst J. Vinh now forecasts that the semiconductor firm will submit earnings per share of $5.92 for the yr, up from their earlier forecast of $5.44. KeyCorp has a “Obese” score and a $110.00 value goal on the inventory. The consensus estimate for Cirrus Logic’s present full-year earnings is $4.92 per share.
Different equities analysts have additionally issued reviews in regards to the inventory. Needham & Firm LLC lifted their goal value on shares of Cirrus Logic from $73.00 to $85.00 and gave the corporate a “purchase” score in a report on Wednesday, November 2nd. StockNews.com upgraded shares of Cirrus Logic from a “maintain” score to a “purchase” score in a report on Thursday, January fifth. Barclays lowered their goal value on shares of Cirrus Logic from $90.00 to $85.00 and set an “chubby” score for the corporate in a report on Thursday, November seventeenth. Lastly, Benchmark lowered their goal value on shares of Cirrus Logic from $95.00 to $86.00 in a report on Wednesday, November 2nd. One analysis analyst has rated the inventory with a promote score and 4 have given a purchase score to the inventory. Based on knowledge from MarketBeat, the corporate has a consensus score of “Average Purchase” and a consensus goal value of $97.33.
Cirrus Logic Inventory Efficiency
CRUS stock opened at $83.80 on Thursday. The agency has a 50 day shifting common value of $75.01 and a 200-day shifting common value of $75.29. Cirrus Logic has a 52-week low of $61.94 and a 52-week excessive of $95.84. The agency has a market capitalization of $4.61 billion, a price-to-earnings ratio of 13.94, a PEG ratio of 4.64 and a beta of 0.96.
Cirrus Logic (NASDAQ:CRUS – Get Rating) final issued its quarterly earnings knowledge on Tuesday, November 1st. The semiconductor firm reported $1.69 EPS for the quarter, topping the consensus estimate of $1.24 by $0.45. Cirrus Logic had a internet margin of 17.79% and a return on fairness of 23.97%. The enterprise had income of $540.57 million in the course of the quarter, in comparison with analyst estimates of $470.66 million.
Hedge Funds Weigh In On Cirrus Logic
Quite a lot of hedge funds have lately added to or diminished their stakes in CRUS. Wellington Administration Group LLP raised its holdings in Cirrus Logic by 183.8% within the 1st quarter. Wellington Administration Group LLP now owns 1,972,087 shares of the semiconductor firm’s inventory price $167,214,000 after buying an extra 1,277,213 shares over the last quarter. Balyasny Asset Administration LLC purchased a brand new stake in Cirrus Logic within the third quarter price roughly $46,728,000. Point72 Asset Administration L.P. grew its place in Cirrus Logic by 435.5% within the third quarter. Point72 Asset Administration L.P. now owns 549,400 shares of the semiconductor firm’s inventory price $37,799,000 after buying an extra 446,800 shares in the course of the interval. Ophir Asset Administration Pty Ltd purchased a brand new stake in Cirrus Logic within the third quarter price roughly $20,645,000. Lastly, Mackenzie Monetary Corp grew its place in Cirrus Logic by 9.5% within the 1st quarter. Mackenzie Monetary Corp now owns 2,563,577 shares of the semiconductor firm’s inventory price $217,366,000 after buying an extra 223,272 shares in the course of the interval. 91.78% of the inventory is presently owned by hedge funds and different institutional buyers.
About Cirrus Logic
Cirrus Logic, Inc, a fabless semiconductor firm, supplies low-power and high-precision mixed-signal processing options in america and internationally. It gives transportable merchandise, together with codecs elements that combine analog-to-digital converters (ADCs) and digital-to-analog converters (DACs) right into a single built-in circuit (IC); sensible codecs, a codec with digital sign processer; boosted amplifiers; digital sign processors; and SoundClear know-how, which consists of a portfolio of instruments, software program, and algorithms that helps to reinforce consumer expertise with options, corresponding to louder, high-fidelity sound, audio playback, voice seize, listening to augmentation, and lively noise cancellation.
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