Analysts at Cowen & Co. Reiterated their Past ‘Hold’ rating on Shares Cirrus Logic (NASDAQ:CRUS), Set a $42.0000 Target Price per Share

Cirrus Logic, Inc. (NASDAQ:CRUS) Logo

Investors sentiment decreased to 0.75 in Q2 2018. Its down 0.12, from 0.87 in 2018Q1. It turned negative, as 46 investors sold Cirrus Logic, Inc. shares while 88 reduced holdings. 31 funds opened positions while 69 raised stakes. 54.58 million shares or 1.30% more from 53.88 million shares in 2018Q1 were reported.

Loomis Sayles And L P reported 961 shares. Cornerstone Advsr owns 16 shares. Commercial Bank Of Montreal Can invested in 1,795 shares or 0% of the stock. Strategic Global Advisors reported 6,978 shares stake. Utd Ser Automobile Association reported 1.97 million shares. Leuthold Gru Ltd Liability Company owns 41,739 shares. Chicago Equity Prtn Ltd Liability Company invested in 204,716 shares. New Vernon Cap Ii Llc invested in 0.22% or 5,312 shares. Pnc Financial Serv Gp has invested 0% in Cirrus Logic, Inc. (NASDAQ:CRUS). Moreover, Millennium Ltd Company has 0.01% invested in Cirrus Logic, Inc. (NASDAQ:CRUS) for 161,295 shares. Jacobs Levy Equity Mngmt Inc has invested 0.16% in Cirrus Logic, Inc. (NASDAQ:CRUS). Public Employees Retirement System Of Ohio has 0% invested in Cirrus Logic, Inc. (NASDAQ:CRUS) for 2,600 shares. 53,583 were reported by Mutual Of America Capital Mngmt Ltd. The Ohio-based Strs Ohio has invested 0% in Cirrus Logic, Inc. (NASDAQ:CRUS). Sei Investments Com holds 0% or 1,006 shares in its portfolio.

Since June 4, 2018, it had 0 insider purchases, and 3 selling transactions for $207,163 activity. DEHNE TIMOTHY R sold 4,171 shares worth $187,640.

Cirrus Logic (NASDAQ:CRUS) Rating Reaffirmed

In a research note made public on 28 November, The Hold rating of Cirrus Logic (NASDAQ:CRUS) shares was maintained at Cowen & Co., who now has a $42.0000 TP on the stock. Cowen & Co.’s TP means a possible upside of 12.18 % from the last stock close price of the company.

Cirrus Logic, Inc. (NASDAQ:CRUS) Ratings Coverage

Among 4 analysts covering Cirrus Logic (NASDAQ:CRUS), 1 have Buy rating, 2 Sell and 1 Hold. Therefore 25% are positive. Cirrus Logic has $59 highest and $30 lowest target. $41’s average target is 9.51% above currents $37.44 stock price. Cirrus Logic had 4 analyst reports since August 2, 2018 according to SRatingsIntel. The firm earned “Positive” rating on Thursday, August 2 by Susquehanna. The stock has “Hold” rating by Cowen & Co on Wednesday, November 28. Barclays Capital maintained the shares of CRUS in report on Friday, November 16 with “Underweight” rating. Bank of America maintained it with “Underperform” rating and $33 target in Thursday, August 2 report.

The stock increased 0.38% or $0.14 during the last trading session, reaching $37.44. About 948,610 shares traded. Cirrus Logic, Inc. (NASDAQ:CRUS) has declined 28.01% since December 2, 2017 and is downtrending. It has underperformed by 43.63% the S&P500.

Cirrus Logic, Inc., a fabless semiconductor company, develops, makes, and markets analog and mixed-signal integrated circuits for a range of consumer and industrial markets. The company has market cap of $2.24 billion. The firm offers portable and non-portable audio, and other products. It has a 23.92 P/E ratio. The Company’s products include analog and mixed-signal audio converters, and digital signal processing products for mobile applications; codecs-chips that integrate analog-to-digital converters and digital-to-analog converters into a single IC; smart codecs, a codec with digital signal processer; amplifiers; micro-electromechanical systems microphones; digital interface products; and standalone digital signal processors.

More notable recent Cirrus Logic, Inc. (NASDAQ:CRUS) news were published by: Seekingalpha.com which released: “Cirrus Logic +1.5% on analyst upgrade – Seeking Alpha” on April 30, 2018, also Benzinga.com with their article: “54 Stocks Moving In Monday’s Mid-Day Session – Benzinga” published on November 12, 2018, Nasdaq.com published: “Cirrus Logic Enters Oversold Territory (CRUS) – Nasdaq” on February 05, 2018. More interesting news about Cirrus Logic, Inc. (NASDAQ:CRUS) were released by: Nasdaq.com and their article: “Oversold Conditions For Cirrus Logic (CRUS) – Nasdaq” published on April 24, 2018 as well as Seekingalpha.com‘s news article titled: “Apple suppliers recover despite Qorvo guide cut – Seeking Alpha” with publication date: November 13, 2018.

Cirrus Logic, Inc. (NASDAQ:CRUS) Institutional Positions Chart

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