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A statement released earlier today by Stifel about Cirrus Logic (NASDAQ:CRUS) bumps the target price to $62.00

Yesterday Cirrus Logic (NASDAQ:CRUS) traded -1.79% lower at $54.10. The company’s 50-day moving average is $52.53 and its 200-day moving average is $42.46. The last stock close price is up 25.12% from the 200-day moving average, compared to the S&P 500 which has decreased -0.01% over the same time. 39,168 shares of the stock were exchanged, down from an average trading volume of 1,258,750

Indicating a possible upside of 0.15%, Stifel increased the stock price target of Cirrus Logic (NASDAQ:CRUS) to $62.00

See Chart Below

Cirrus Logic (NASDAQ:CRUS)

Cirrus Logic has a 52 week low of $25.09 and a 52 week high of $58.08 with a P/E ratio of 32.98 The company’s market cap is currently $0.

In addition to Stifel reporting its target price, a total of 8 firms have reported on the stock. The consensus target price is $44.38 with 4 firms rating the stock a strong buy, 3 firms rating the stock a buy, 1 firm rating the stock a hold, 0 firms rating the stock a underperform, and finally 0 firms rating the stock a sell.

About 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, energy and industrial markets.

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