Cirrus Logic, Inc (NASDAQ: CRUS) is 9.80% higher on its value in year-to-date trading and has touched a low of $76.58 and a high of $147.46 in the current 52-week trading range. The question becomes, what are the chances the stock will continue to grow shareholders’ wealth in the market. Here’s what analysts think will happen to its price in the coming time. The CRUS stock was last observed hovering at around $101.39 in the last trading session, with the day’s gains setting it 7.95%.
Currently trading at $109.34, the stock is 7.84% and 6.34% above its SMA20 and SMA50 respectively. However, with a daily trading volume of 1.86 million and changing 7.84% at the moment leaves the stock -5.70% off its SMA200. CRUS registered 42.56% gain for a year compared to 6-month loss of -3.12%. The firm has a 50-day simple moving average (SMA 50) of $102.6358 and a 200-day simple moving average (SMA200) of $115.8198.
The stock witnessed a 8.48% gain in the last 1 month and extending the period to 3 months gives it a -0.87%, and is 11.41% 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 5.34% over the week and 3.49% over the month.
Cirrus Logic, Inc (CRUS) has around 1625 employees, a market worth around $5.81B and $1.84B in sales. Current P/E ratio is 19.88 and Fwd P/E is 15.95. Profit margin for the company is 16.55%. Distance from 52-week low is 42.78% and -25.85% from its 52-week high. The company has generated returns on investments over the last 12 months (14.62%).
with sales reaching $380.26M over the same period.The EPS is expected to grow by 6.96% this year, but quarterly earnings will post 3.52% year-over-year. Quarterly sales are estimated to grow 2.27% in year-over-year returns.
615.0 institutions hold shares in Cirrus Logic, Inc (CRUS), with institutional investors hold 97.79% of the company’s shares. The shares outstanding are 53.14M, and float is at 52.86M with Short Float at 2.96%. Institutions hold 97.35% of the Float.
The top institutional shareholder in the company is VANGUARD GROUP INC with over 6.34 million shares valued at $809.66 million. The investor’s holdings represent 11.6823 of the CRUS Shares outstanding. As of 2024-06-30, the second largest holder is BLACKROCK INC. with 5.89 million shares valued at $752.06 million to account for 10.8511 of the shares outstanding. The other top investors are FMR LLC which holds 3.46 million shares representing 6.3745 and valued at over $441.8 million, while STATE STREET CORP holds 3.8007 of the shares totaling 2.06 million with a market value of $263.41 million.
Cirrus Logic, Inc (CRUS) Insider Activity
The most recent transaction is an insider sale by Baumgartner Jeffrey W, the company’s EVP, R&D. SEC filings show that Baumgartner Jeffrey W sold 2,051 shares of the company’s common stock on Feb 03 ’25 at a price of $100.00 per share for a total of $0.21 million. Following the sale, the insider now owns 8330.0 shares.
Still, SEC filings show that on Nov 19 ’24, Baumgartner Jeffrey W (VP, R&D) disposed off 5,542 shares at an average price of $101.05 for $0.56 million. The insider now directly holds 10,381 shares of Cirrus Logic, Inc (CRUS).
