Cirrus Logic Inc. (NASDAQ: CRUS) is -16.40% lower on its value in year-to-date trading and has touched a low of $61.94 and a high of $95.84 in the current 52-week trading range. The question becomes, what are the chances the stock will make a comeback and enjoy potential growth. Why not look at analysts view on what the future holds for the stock. The CRUS stock was last observed hovering at around $75.91 in the last trading session, with the day’s gains setting it 1.02%.
Currently trading at $76.93, the stock is 8.13% and 8.76% above its SMA20 and SMA50 respectively. However, with a daily trading volume of 0.25 million and changing 1.34% at the moment leaves the stock -0.90% off its SMA200. CRUS registered -4.38% loss for a year compared to 6-month loss of -2.14%.
The stock witnessed a 12.57% gain in the last 1 month and extending the period to 3 months gives it a -10.37%, and is 3.30% up over the last 5 days. If we measure the stock’s price variations over the week and the month, we find that the volatility rates stand at 2.86% over the week and 3.39% over the month.
Cirrus Logic Inc. (CRUS) has around 1591 employees, a market worth around $4.11B and $1.97B in sales. Current P/E ratio is 12.80 and Fwd P/E is 11.95. Profit margin for the company is 17.80%. Distance from 52-week low is 24.20% and -19.73% from its 52-week high. The company has generated returns on investments over the last 12 months (20.30%).
Cirrus Logic Inc. (CRUS) Analyst Forecasts
Analyst recommendations provided by FactSet shows that the consensus forecast for Cirrus Logic Inc. (CRUS) is a “Overweight”. 11 analysts offering their recommendations for the stock have an average rating of 2.30, where 2 rate it as a Hold and 1 think it is a “Overweight”. 7 of the analysts rate the stock as a “Buy”. 0 analysts have rated the stock as a Sell or Underperform.
The EPS is expected to grow by 52.50% this year
Cirrus Logic Inc. (CRUS) Top Institutional Holders
The shares outstanding are 55.73M, and float is at 54.87M with Short Float at 3.83%.
Cirrus Logic Inc. (CRUS) Insider Activity
A total of 12 insider transactions have happened at Cirrus Logic Inc. (CRUS) in the last six months, with sales accounting for 3 and purchases happening 9 times. The most recent transaction is an insider sale by DAVERN ALEXANDER M, the company’s Director. SEC filings show that DAVERN ALEXANDER M sold 1,000 shares of the company’s common stock on Aug 08 at a price of $84.74 per share for a total of $84740.0. Following the sale, the insider now owns 18875.0 shares.
Cirrus Logic Inc. disclosed in a document filed with the SEC on Aug 04 that Alberty Carl Jackson (VP, MSP) sold a total of 1,823 shares of the company’s common stock. The trade occurred on Aug 04 and was made at $88.24 per share for $0.16 million. Following the transaction, the insider now directly holds 33014.0 shares of the CRUS stock.
Still, SEC filings show that on May 17, Dougherty Justin E (VP, Engineering Operation) disposed off 4,039 shares at an average price of $80.94 for $0.33 million. The insider now directly holds 5,673 shares of Cirrus Logic Inc. (CRUS).
Cirrus Logic Inc. (CRUS): Who are the competitors?
The company’s main competitors (and peers) include NVIDIA Corporation (NVDA) that is trading -47.97% down over the past 12 months and Broadcom Inc. (AVGO) that is -3.87% lower over the same period. QUALCOMM Incorporated (QCOM) is -30.83% down on the 1-year trading charts.