Last Updated: 16 Sep 2024
Executive Summary
Cirrus Logic Inc. (CRUS) is a leading provider of high-precision, low-power mixed signal processing solutions. The company has a strong track record of financial performance, with consistent revenue and earnings growth. CRUS is currently trading at $133.17, below its 52-week high of $147.46. Analysts have a positive outlook on the company, with a consensus price target of $150.83.
Company Overview
Cirrus Logic, Inc. is a fabless semiconductor company that designs, develops, and markets high-performance analog and mixed-signal integrated circuits (ICs). The company's products are used in a wide range of applications, including audio, voice, data, and imaging. Cirrus Logic's customers include leading manufacturers of smartphones, tablets, laptops, and other consumer electronics devices.
Fundamental Analysis
Cirrus Logic has a strong financial profile. The company has a market capitalization of $7.11 billion, and its trailing twelve-month revenue is $1.85 billion. CRUS is profitable, with a net income margin of 16.3%. The company's balance sheet is also strong, with $1.1 billion in cash and equivalents and no long-term debt.
Technical Analysis
Cirrus Logic's stock price has been trending sideways in recent months. The stock is currently trading below its 50-day and 200-day moving averages. The relative strength index (RSI) is also below 50, indicating that the stock is oversold.
Short Term Outlook
In the short term, Cirrus Logic's stock price is likely to continue to trade sideways. The company is facing some headwinds, including the global chip shortage and the rising cost of raw materials. However, Cirrus Logic's strong financial position and its exposure to the growing market for consumer electronics should support the stock price in the long term.
Long Term Outlook
In the long term, Cirrus Logic is well-positioned for growth. The company is a leader in the market for high-performance analog and mixed-signal ICs. The growing demand for consumer electronics devices should drive demand for Cirrus Logic's products in the years to come.
Analyst Recommendations
Analysts have a positive outlook on Cirrus Logic. The consensus price target is $150.83, which represents a potential upside of 13.3% from the current price. One analyst has a strong buy rating on the stock, five analysts have a buy rating, three analysts have a hold rating, and no analysts have a sell or strong sell rating.
