Last Updated: 14 Nov 2024
Executive Summary
Cirrus Logic Inc. (CRUS) is a leading provider of high-precision, low-power mixed signal processing solutions. With a market capitalization of $5.56 billion and a trailing P/E ratio of 17.8, the company is currently trading at $100.39 per share. Analysts have a strong buy rating on the stock, with a target price of $129.
Company Overview
Cirrus Logic is a fabless semiconductor company that designs and sells analog and mixed-signal integrated circuits (ICs) for a wide range of applications, including audio, power management, and communications. The company's products are used in a variety of end markets, including smartphones, tablets, laptops, and automotive systems.
Fundamental Analysis
Cirrus Logic has reported strong financial performance in recent quarters. In the latest quarter, the company reported revenue growth of 12.6% year-over-year and earnings growth of 36.6% year-over-year. The company's gross profit margin has also expanded in recent quarters, reaching 48.4% in the latest quarter.
The company's strong financial performance is driven by a number of factors, including:
Growing demand for its products in the smartphone and tablet markets
Increasing adoption of its products in the automotive market
Successful execution of its cost-reduction initiatives
Technical Analysis
The technical analysis of Cirrus Logic's stock price shows that the stock is currently in a bullish trend. The stock price has been trading above its 50-day and 200-day moving averages for the past several months. The stock price is also approaching its 52-week high of $147.46.
Short Term Outlook
In the short term, Cirrus Logic's stock price is expected to continue to rise. The company's strong financial performance and positive technical outlook suggest that the stock is a good investment for short-term traders.
Long Term Outlook
In the long term, Cirrus Logic's stock price is expected to continue to grow. The company's strong market position and product pipeline suggest that the company is well-positioned to continue to grow its revenue and earnings in the years to come.
Analyst Recommendations
Analysts have a strong buy rating on Cirrus Logic's stock. The average target price for the stock is $129, which represents a potential upside of 28.5% from the current price.
