Tuesday, January 26, 2021

why Cirrus Logic Inc. [CRUS] is a Good Choice for Investors After New Price Target of $82.38

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Cirrus Logic Inc. [NASDAQ: CRUS] traded at a low on 06/11/20, posting a -3.82 loss after which it closed the day’ session at $67.48. The results of the trading session contributed to over 1134949 shares changing hands. Over the past one week, the price volatility of Cirrus Logic Inc. stands at 5.49% while the volatility over the past one month is 4.44%.

The market cap for CRUS stock reached $3.95 billion, with 58.53 million shares outstanding and 57.96 million shares in the current float. Compared to the average trading volume of 779.18K shares, CRUS reached a trading volume of 1134949 in the most recent trading day, which is why market watchdogs consider the stock to be active.


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What do top market gurus say about Cirrus Logic Inc. [CRUS]?

Based on careful and fact-backed analyses by Wall Street experts, the current consensus on the target price for CRUS shares is $82.38 per share. Analysis on target price and performance of stocks is usually carefully studied by market experts, and the current Wall Street consensus on CRUS stock is a recommendation set at 2.20. This rating represents a strong Buy recommendation, on the scale from 1 to 5, where 5 would mean strong sell, 4 represents Sell, 3 is Hold, and 2 indicates Buy.

BofA/Merrill have made an estimate for Cirrus Logic Inc. shares, keeping their opinion on the stock as Buy, with their previous recommendation back on March 31, 2020. The new note on the price target was released on March 16, 2020, representing the official price target for Cirrus Logic Inc. stock. Previously, the target price had yet another raise from $52 to $65, while Craig Hallum kept a Hold rating on CRUS stock. On January 30, 2020, analysts increased their price target for CRUS shares from 75 to 88.

The Average True Range (ATR) for Cirrus Logic Inc. is set at 3.43, with the Price to Sales ratio for CRUS stock in the period of the last 12 months amounting to 3.08. The Price to Book ratio for the last quarter was 3.21, with the Price to Cash per share for the same quarter was set at 5.37. Price to Free Cash Flow for CRUS in the course of the last twelve months was 14.10 with Quick ratio for the last quarter at 3.20.

How has CRUS stock performed recently?

Cirrus Logic Inc. [CRUS] fell into the red zone at the end of the last week, falling into a negative trend and dropping by -2.63. With this latest performance, CRUS shares dropped by -2.28% in over the last four-week period, additionally sinking by -9.11% over the last 6 months – not to mention a rise of 62.84% in the past year of trading.

Overbought and oversold stocks can be easily traced with the Relative Strength Index (RSI), where an RSI result of over 70 would be overbought, and any rate below 30 would indicate oversold conditions. An RSI rate of 50 would represent a neutral market momentum. The current RSI for CRUS stock in for the last two-week period is set at 43.69, with the RSI for the last a single of trading hit 40.25, and the three-weeks RSI is set at 46.30 for Cirrus Logic Inc. [CRUS]. The present Moving Average for the last 50 days of trading for this stock 69.94, while it was recorded at 69.98 for the last single week of trading, and 68.58 for the last 200 days.

Cirrus Logic Inc. [CRUS]: Deeper insight into the fundamentals

Operating Margin for any stock indicates how profitable investing would be, and Cirrus Logic Inc. [CRUS] shares currently have an operating margin of +15.25 and a Gross Margin at +52.62. Cirrus Logic Inc.’s Net Margin is presently recorded at +12.45.

Return on Total Capital for CRUS is now 15.55, given the latest momentum, and Return on Invested Capital for the company is 12.76. Return on Equity for this stock inclined to 13.46, with Return on Assets sitting at 10.83. When it comes to the capital structure of this company, Cirrus Logic Inc. [CRUS] has a Total Debt to Total Equity ratio set at 11.62. Additionally, CRUS Total Debt to Total Capital is recorded at 10.41, with Total Debt to Total Assets ending up at 8.97. Long-Term Debt to Equity for the company is recorded at 10.52, with the Long-Term Debt to Total Capital now at 9.42.

Receivables Turnover for the company is 9.33 with a Total Asset Turnover recorded at a value of 0.87.Cirrus Logic Inc.’s liquidity data is similarly interesting compelling, with a Quick Ratio of 3.20 and a Current Ratio set at 4.10.

Earnings analysis for Cirrus Logic Inc. [CRUS]

With the latest financial reports released by the company, Cirrus Logic Inc. posted 0.35/share EPS, while the average EPS was predicted by analysts to be reported at 0.15/share.When compared, the two values demonstrate that the company surpassed the estimates by a Surprise Factor of 133.30%. The progress of the company may be observed through the prism of EPS growth rate, while Wall Street analysts are focusing on predicting the 5-year EPS growth rate for CRUS. When it comes to the mentioned value, analysts are expecting to see the 5-year EPS growth rate for Cirrus Logic Inc. go to 8.50%.

Insider trade positions for Cirrus Logic Inc. [CRUS]

There are presently around $3,635 million, or 90.20% of CRUS stock, in the hands of institutional investors. The top three institutional holders of CRUS stocks are: BLACKROCK INC. with ownership of 8,769,735, which is approximately -3.217% of the company’s market cap and around 0.50% of the total institutional ownership; VANGUARD GROUP INC, holding 6,180,800 shares of the stock with an approximate value of $433.64 million in CRUS stocks shares; and FMR LLC, currently with $390.55 million in CRUS stock with ownership of nearly 36.339% of the company’s market capitalization.

134 institutional holders increased their position in Cirrus Logic Inc. [NASDAQ:CRUS] by around 4,637,907 shares. Additionally, 182 investors decreased positions by around 6,700,348 shares, while 38 investors held positions by with 40,470,330 shares. The mentioned changes placed institutional holdings at 51,808,585 shares, according to the latest SEC report filing. CRUS stock had 45 new institutional investments in for a total of 387,899 shares, while 49 institutional investors sold positions of 887,574 shares during the same period.

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