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Wall Street analysts delivered a flurry of bold calls Wednesday, including a double-downgrade that shocked one cybersecurity giant and a sharp cut on a beloved restaurant chain. Find out which stocks got upgraded, buried, or newly covered before the market opens.
Hotter-than-expected inflation sent stocks and crypto tumbling Wednesday, and Wall Street analysts wasted no time reshuffling their targets on Thursday, with major calls hitting Bank of America, Netflix, PayPal, and several energy giants all at once.
Shares of Cirrus Logic, Inc. (NASDAQ: CRUS - Get Free Report) have been given an average rating of "Hold" by the nine analysts that are covering the company, MarketBeat Ratings reports. One research analyst has rated the stock with a sell rating, three have assigned a hold rating and five have issued a buy rating on
Cirrus Logic (CRUS) acquires INVENTVM, a small Italian fabless semiconductor firm, to expand engineering talent and IP for diversification. The acquisition is a low-risk, strategic tuck-in, consistent with CRUS's M&A history and supported by $1.2bn in cash and no debt. INVENTVM brings expertise in mixed-signal power management, audio ICs, and access to European markets, bolstering CRUS's growth pipeline.
AUSTIN, Texas--(BUSINESS WIRE)--Cirrus Logic, Inc. (Nasdaq: CRUS) will post its second quarter fiscal year 2027 financial results and business outlook on the Investor Relations area of its website on Wednesday, November 4, at approximately 4 p.m. ET.Cirrus Logic will host a live Q&A webcast session at 5 p.m. ET that same day to answer questions related to its financial results and business outlook. A replay of the Q&A session will be available on the website listed above.About Cirrus Log.
AUSTIN, Texas--(BUSINESS WIRE)--Cirrus Logic, Inc. (NASDAQ: CRUS) announced that it has acquired INVENTVM, a fabless semiconductor company based in Pavia, Italy that specializes in mixed-signal power management and audio integrated circuits. INVENTVM brings deep engineering expertise, intellectual property, and an established presence in a region where Cirrus Logic intends to expand further. This acquisition enables Cirrus Logic to accelerate the development of industry-leading products, suppor.
CRUS is navigating pricing cuts and supply-chain costs while preserving its long-term margin outlook and securing future wafer capacity.
Bank of America Corp DE acquired a new position in shares of Cirrus Logic, Inc. (NASDAQ: CRUS) in the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm acquired 1,133,298 shares of the semiconductor company's stock, valued at approximately $168,329,000. Bank of America Corp