A report released today by Canaccord about Cirrus Logic (NASDAQ:CRUS) ups the target price to $65.00
- Updated: September 20, 2016
Showing a price of $55.32, Cirrus Logic (NASDAQ:CRUS) traded 2.44% higher on the day. With the last stock price close up 40.61% from the 200-day moving average, compared with the S&P 500 Index which has decreased -0.01% over the date range. Cirrus Logic has recorded a 50-day average of $51.23 and 200-day average of $40.30. 820,105 shares of CRUS were exchanged, down from ann average trading volume of 1,126,100
In a statement issued on Tuesday September 20 2016 Canaccord raised the target price of Cirrus Logic (NASDAQ:CRUS) from $56 to $65 stating a possible upsideof 0.17%.
Previously on 9/8/2016, Stifel Nicolaus reported on Cirrus Logic(NASDAQ:CRUS) upped the target price from $55.00 to $58.00 that suggested an upside of 0.13%.
Recent Performance Graph:
Also covering Cirrus Logic’s stock price target, a total of 8 equity analysts have issued a research note on the stock. The 12-month target is $44.38 with four analysts rating the stock a strong buy, three analysts rating the company a buy, one firm rating the stock a hold, 0 rating the stock to underperform, and finally 0 firms rating the stock as sell.
Cirrus Logic has a PE of 35 with a 52 week low of $25.09 and a 52 week high of $58.08 and has a market cap of $0.0.
General Company Details For Cirrus Logic (NASDAQ:CRUS)
Cirrus Logic, Inc. is engaged in providing integrated circuits (ICs) for audio and voice signal processing applications. The Company develops analog and mixed-signal ICs for a range of customers. The Company offers two product lines: Portable Audio, and Non-Portable Audio and Other. The Company’s primary facility housing engineering, sales and marketing, and administration functions is located in Austin, Texas. The Company offers products through both direct and indirect sales channels across the world. The Company’s portable audio products include analog and mixed-signal components designed for mobile devices including smartphones, tablets, digital headsets, wearables, smart accessories and portable media players. Its non-portable audio and other products include analog and mixed-signal components targeting the consumer market, including smart home applications, and the automotive, and energy and industrial markets.
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