Stocks of Cirrus Logic, Inc. (NASDAQ:CRUS) traded higher last session on Wall Street, up 0.35% to $114.46.
CRUS stock price is now 21.84% away from the 50-day moving average and 38.52% away from the 200-day moving average. The market capitalization of the company currently stands at $6.17B.
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On May 08, 2024, TD Cowen reiterated its ‘Buy’ rating on the stock by increasing its target price from $100 to quote $115, while ‘Loop Capital’ rates the stock as ‘Buy’
In other news, Alberty Carl Jackson, VP, MSP sold 2,000 shares of the company’s stock on May 20 ’24. The stock was sold for $226,700 at an average price of $113.35. Upon completion of the transaction, the VP, MSP now directly owns 38,507 shares in the company, valued at $4.41 million. An SEC document containing details of the transaction can be found on the SEC’s website. On May 13 ’24, SVP, Global Operations Dougherty Justin E sold 4,000 shares of the business’s stock. A total of $431,400 was realized by selling the stock at an average price of $107.85. This leaves the insider owning 5,838 shares of the company worth $0.67 million. A total of 0.56% of the company’s stock is owned by insiders.
During the past 12 months, Cirrus Logic, Inc. has had a low of $65.02 and a high of $115.70. As of last week, the company has a debt-to-equity ratio of 0.09, a current ratio of 5.93, and a quick ratio of 4.72. According to the stock market information, the enterprise value for the company is $5760172032, which is based on a 23.27 price-to-earnings ratio, a 19.40 price-to-earnings-growth ratio, and a beta of 0.96. The fifty day moving average price for CRUS is $94.4378 and a two-hundred day moving average price translates $82.792 for the stock.
The latest earnings results from Cirrus Logic, Inc. (NASDAQ: CRUS) was released for 2024-03-30. The net profit margin was 15.35% and return on equity was 15.80% for CRUS. The company reported revenue of $371.83 million for the quarter, compared to $372.82 million a year earlier. Comparatively to last year’s same quarter, the company’s quarterly revenue fell -0.27 percent.
