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Cirrus Logic (CRUS) reported earnings 30 days ago. What's next for the stock?
Cirrus Logic, Inc. (NASDAQ: CRUS - Get Free Report) hit a new 52-week low during trading on Wednesday. The stock traded as low as $106.26 and last traded at $109.07, with a volume of 1453733 shares. The stock had previously closed at $109.51. Analyst Upgrades and Downgrades Several brokerages have recently issued reports on CRUS.
Cirrus Logic, Inc. faces near-term headwinds in PC and smartphone markets due to memory chip pricing pressures, impacting growth and margins. I'm reiterating a Hold rating on CRUS with a $125/share price target, reflecting balanced risks and a 9.25x eFY29 EV/aEBITDA multiple. CRUS is pivoting toward smart metering and data center power technologies, aiming to offset potential headwinds the device market.
The disposition involved 1,166 shares executed at $117.89 per share for a total value of ~$137,460. The transaction reduced the insider's total direct equity holdings by 8%.
Algert Global LLC lowered its stake in shares of Cirrus Logic, Inc. (NASDAQ: CRUS) by 15.1% during the undefined quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 43,791 shares of the semiconductor company's stock after selling 7,800 shares during the quarter. Algert Global LLC
CRUS posted record fiscal Q1 results as strong demand and a robust pipeline support growth across audio and HPMS.
Deutsche Bank AG acquired a new position in shares of Cirrus Logic, Inc. (NASDAQ: CRUS) in the undefined quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund acquired 37,054 shares of the semiconductor company's stock, valued at approximately $5,504,000. Deutsche Bank AG owned 0.07% of Cirrus Logic
BlackRock Inc. purchased a new position in shares of Cirrus Logic, Inc. (NASDAQ: CRUS) in the undefined quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor purchased 5,659,720 shares of the semiconductor company's stock, valued at approximately $840,638,000. BlackRock Inc. owned approximately 11.22% of