Cirrus Logic, Inc. (NASDAQ:CRUS) registered a -14.01% decrease, still its new closing price is 80.21% up from the company’s 1 year high of 64.16.It posted -8.85% losses in previous 5 sessions and is now the subject of 3 analysts who together assign a hold rating on stock. 0 of Wall Street analysts have an underperform rating; the 0 sells versus 4 buy or better ratings. The 10 stock analysts following this company have an average price target at $64.44, with individual PT in the $55.00-$70.00 range. The shares moved at $55.00, implying that brokerage firms see shares gaining about 63.50% in twelve months time.
Cirrus Logic, Inc. (CRUS) SEC Form 4 News
The stock is getting much attention these days as insiders are offloading shares while they posted a -2.72% fall year to date. A Director at Cirrus Logic, Inc. (CRUS) offloaded shares in a transaction closed on Monday January 30, 2017. SCHUELE ALAN R sold 2,500 shares in the company at $60.38 each and collected $150,001 in proceeds. SCHUELE ALAN R now owns 13,109 shares in the company after this transaction. A VP General Counsel in the company, THOMAS SCOTT, disclosed a transaction on Tuesday January 24, 2017 that ended up generating $1,651,000 from the sale of 27,524 shares at $60 per share.
Cirrus Logic, Inc. (NASDAQ:CRUS) Upcoming Results on Tap
Cirrus Logic, Inc. will next provide financial results for the June 2017 quarter. Stock analysts expect it to report per-share earnings of $0.76 in that period. Sales during the quarter are predicted to arrive at $345.91 million.
Earnings surprise history: Last quarter, the company posted approximately $523.03 million in revenue and EPS of $1.87. The mean forecast was for $495.61 million and $1.63 a share, respectively. One quarter earlier, revenue for the stock was at $428.62 million, with earnings at $1.35/share.
Cirrus Logic, Inc. (CRUS) Brokerage Update
Cirrus Logic, Inc. (CRUS) is in Pacific Crest’s research list so their analyst rating change is noteworthy. These shares were downgraded to Sector Weight from Overweight by Pacific Crest, according to news reported on Tuesday July 05, 2016.Another important research note was issued by Barclays on Thursday May 05, 2016.The firm downgraded CRUS to Equal Weight from Overweight. Over the last six months and over the last three months, the shares of Cirrus Logic, Inc. (CRUS), have changed 13.87% and -2.07%, respectively.