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Stock Charts AI Power Rank: 9.4
Power Rank trending -> UP

Last Price: 123.1 - Change: -2.86 - Change %: -2.2706
06/24/2024 16:01:00 EST

Cirrus Logic Inc (CRUS)

Industry: Semiconductors

Price Support Resistance

In the past 20 trading days, CRUS has been trading in a range between $127.15 and $114.15 (gray range band). Red lines on the chart represent key resistance levels and Green lines represent key support levels. As the price moves above the lines you will notice they turn green and red if price moves below a line.

CRUS is trading below resistance at $127.15, about 3% to the upside. There is support at $92.14 -25% to the downside. If it can break above the resistance, it could have some more upside. If the price starts to turn down and fails to get through this level or enters a yellow zone, we would consider profit taking or exiting the position. If it enters a red zone on the chart we would exit the position.

Upside / Downside Potential

Cirrus Logic Inc $CRUS entered a Green zone 35 days ago on the AI powered stock chart. Wall Street analysts have an AVG target price $94.13, a potential down side of -23.53% from the recent price of 123.10. The stock is trading 4.5% (potential upside) below its 52 week high of $128.64 and 89.33 % (potential downside) above its 52 week low of $65.02 - based on the recent price.

Company Summary

Cirrus Logic, Inc, a fabless semiconductor company, develops low-power high-precision mixed-signal processing solutions in China, the United States, and internationally. The company offers audio products, including amplifiers; codecs components that integrate analog-to-digital converters (ADCs) and digital-to-analog converters (DACs) into a single integrated circuit (IC); smart codecs, a codec with integrated digital signal processing; standalone digital signal processors; and SoundClear technology, which consists of a portfolio of tools, software, and algorithms that helps to enhance user experience with features, such as louder, high-fidelity sound, audio playback, voice capture, and hearing augmentation for use in smartphones, tablets, laptops, AR/VR headsets, home theater systems, automotive entertainment systems, and professional audio systems.

CRUS Website

News

Cirrus Logic Shares' Signals Anything But Mixed
Fabless semiconductor company Cirrus Logic, Inc. (CRUS) develops mixed-signal processing solutions, but its stock performance is anything but mixed – it's thriving – especially over time.
Source: FXEmpire
Wed, 19 Jun 2024 04:59:45 -0400
Sentiment: Positive
Updating Cirrus Logic Revenue And Price Expectations For 2024 And Beyond
Cirrus Logic confirms ASP increases with new iPhones in September and expects continued ASP growth over the next few years. Revenue for June is expected to range between $290 million and $350 million, with a non-GAAP tax rate of 23%, but our upgraded estimate is over $360 million. CRUS stock predicts significant revenue growth from camera controls, codec/amplifiers, PCs, and power management in the future.
Source: Seeking Alpha
Mon, 10 Jun 2024 02:44:04 -0400
Sentiment: Positive
Cirrus Logic (CRUS) Up 14.4% Since Last Earnings Report: Can It Continue?
Cirrus Logic (CRUS) reported earnings 30 days ago. What's next for the stock?
Source: Zacks Investment Research
Thu, 06 Jun 2024 12:36:30 -0400
Sentiment: Positive
Cirrus Logic (CRUS) Surges 37.1% YTD: Will the Trend Continue?
Cirrus Logic's (CRUS) performance benefits from the rapid adoption of its product portfolio.
Source: Zacks Investment Research
Fri, 24 May 2024 13:21:22 -0400
Sentiment: Positive
CMG Announces Appointment of Alex Davern to the Board of Directors
CALGARY, Alberta, May 22, 2024 (GLOBE NEWSWIRE) -- Computer Modelling Group Ltd. (“CMG” or the “Company”) (TSX: CMG) is pleased to announce that Alex Davern has been appointed to the Board of Directors effective May 23, 2024. Mr. Davern joins the Board as an independent non-executive director and will stand for nomination at the next annual meeting of shareholders.
Source: GlobeNewsWire
Wed, 22 May 2024 17:34:00 -0400
Sentiment: Neutral
Instituions Institution %: 91.468
Last QTR Institution change: 751134

Insiders
Insiders %: 0.431
Insiders Purchases last QTR: 0
Insiders Sales last QTR: 27186
Insiders Net last QTR: -27186

Analyst Ratings
Target Price: 94.13
Overall Rating: 4.375
Strong Buys (5): 5
Buys (4): 1
Holds (3): 2
Sells (2): 0
Strong Sells (1): 0

Technicals
52 Week Hi: 128.64
52 Week Low: 65.0177
Beta: 0.965
50 Day MA: 105.5162
200 Day MA: 86.6289

Earnings / Revenue Trends
Qtr Earnings Growth YOY: 0.366
Qtr Revenue Growth YOY: -0.003
Forward PE: 16.1812
Trailing PE: 25.1224

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