Cirrus Logic (NASDAQ:CRUS) Given New $100.00 Price Target at Susquehanna

Cirrus Logic (NASDAQ:CRUSGet Free Report) had its price target lifted by equities researchers at Susquehanna from $85.00 to $100.00 in a note issued to investors on Wednesday, Benzinga reports. The firm currently has a “positive” rating on the semiconductor company’s stock. Susquehanna’s price objective would indicate a potential upside of 7.25% from the company’s previous close.

CRUS has been the topic of several other research reports. TheStreet upgraded shares of Cirrus Logic from a “c+” rating to a “b-” rating in a research note on Tuesday, January 23rd. Loop Capital upgraded Cirrus Logic from a “hold” rating to a “buy” rating and increased their target price for the company from $83.00 to $100.00 in a research note on Wednesday, November 1st. KeyCorp lowered their target price on shares of Cirrus Logic from $110.00 to $100.00 and set an “overweight” rating on the stock in a research note on Friday, November 3rd. Barclays lifted their price target on shares of Cirrus Logic from $90.00 to $95.00 and gave the stock an “overweight” rating in a research note on Tuesday, January 16th. Finally, StockNews.com downgraded Cirrus Logic from a “buy” rating to a “hold” rating in a research note on Thursday, February 1st. Seven investment analysts have rated the stock with a buy rating, Based on data from MarketBeat.com, Cirrus Logic currently has an average rating of “Buy” and an average price target of $96.43.

View Our Latest Research Report on Cirrus Logic

Cirrus Logic Stock Performance

CRUS opened at $93.24 on Wednesday. The stock’s 50 day moving average price is $80.95 and its 200-day moving average price is $77.05. Cirrus Logic has a 52-week low of $65.02 and a 52-week high of $111.15. The stock has a market capitalization of $5.03 billion, a PE ratio of 29.60, a price-to-earnings-growth ratio of 12.13 and a beta of 0.98.

Institutional Inflows and Outflows

Several hedge funds have recently added to or reduced their stakes in CRUS. Integrity Wealth Solutions LLC purchased a new stake in Cirrus Logic in the 4th quarter valued at about $201,000. EFG Asset Management North America Corp. boosted its position in shares of Cirrus Logic by 26.8% during the fourth quarter. EFG Asset Management North America Corp. now owns 18,383 shares of the semiconductor company’s stock worth $1,530,000 after buying an additional 3,886 shares during the period. Quadrant Capital Group LLC grew its stake in shares of Cirrus Logic by 72.3% in the fourth quarter. Quadrant Capital Group LLC now owns 510 shares of the semiconductor company’s stock valued at $42,000 after buying an additional 214 shares in the last quarter. Inceptionr LLC raised its holdings in shares of Cirrus Logic by 26.4% in the 4th quarter. Inceptionr LLC now owns 5,466 shares of the semiconductor company’s stock valued at $455,000 after buying an additional 1,141 shares during the period. Finally, Vanguard Personalized Indexing Management LLC acquired a new position in Cirrus Logic in the 4th quarter valued at about $542,000. 90.18% of the stock is currently owned by hedge funds and other institutional investors.

About Cirrus Logic

(Get Free Report)

Cirrus Logic, Inc, a fabless semiconductor company, develops low-power, high-precision mixed-signal processing solutions in China, the United States, and internationally. The company offers audio products, including codecs components that integrate analog-to-digital converters (ADCs) and digital-to-analog converters (DACs) into a single integrated circuit (IC); smart codecs, a codec with digital signal processing; boosted amplifiers; standalone digital signal processors; and SoundClear technology, which consists of a portfolio of tools, software, and algorithms that helps to enhance user experience with features, such as louder, high-fidelity sound, audio playback, voice capture, and hearing augmentation.

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