Cirrus Logic, Inc (NASDAQ: CRUS) is -2.93% lower on its value in year-to-date trading and has touched a low of $75.83 and a high of $147.46 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 $98.72 in the last trading session, with the day’s loss setting it -2.06%.
Currently trading at $96.66, the stock is 5.94% and 0.49% above its SMA20 and SMA50 respectively. However, with a daily trading volume of 1.5 million and changing -2.09% at the moment leaves the stock -12.76% off its SMA200. CRUS registered 9.25% gain for a year compared to 6-month loss of -12.37%.
The stock witnessed a 16.56% gain in the last 1 month and extending the period to 3 months gives it a -11.60%, and is 0.65% 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 3.20% over the week and 4.70% over the month.
Cirrus Logic, Inc (CRUS) has around 1625 employees, a market worth around $5.14B and $1.90B in sales. Current P/E ratio is 16.10 and Fwd P/E is 12.66. Profit margin for the company is 17.48%. Distance from 52-week low is 27.47% and -34.45% from its 52-week high. The company has generated returns on investments over the last 12 months (16.00%).
The EPS is expected to shrink by -7.10% this year
The shares outstanding are 53.14M, and float is at 52.83M with Short Float at 2.85%.
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 11.8697 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 11.0252 of the shares outstanding. The other top investors are FMR LLC which holds 3.46 million shares representing 6.4768 and valued at over $441.8 million, while STATE STREET CORP holds 3.8616 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 THOMAS SCOTT, the company’s EVP, General Counsel. SEC filings show that THOMAS SCOTT sold 3,000 shares of the company’s common stock on Mar 03 ’25 at a price of $103.76 per share for a total of $0.31 million. Following the sale, the insider now owns 26307.0 shares.
Still, SEC filings show that on Feb 03 ’25, Baumgartner Jeffrey W (EVP, R&D) disposed off 2,051 shares at an average price of $100.00 for $0.21 million. The insider now directly holds 8,330 shares of Cirrus Logic, Inc (CRUS).
