Cirrus Logic (CRUS) Shares are Down -1.57%

Cirrus Logic (CRUS) has risen sharply, recording gains of 5.64% in the past 4 weeks. However, the stock has corrected -1.57% in the past 1 week, providing a good buying opportunity on dips. On a relative basis, the stock has outperformed the S&P 500 by 5.86% in the past 4 weeks, but has underperformed the S&P 500 in the past 1 week.

For the current week, the company shares have a recommendation consensus of Buy. The stock has recorded a twenty day Moving Average of 1.16% and the fifty day Moving Average is 16.99%. Cirrus Logic Inc. is up 43.62% in the last three month period. Year-to-Date the stock performance stands at 73.82%.

Cirrus Logic (CRUS) : The highest short term price target forecast on Cirrus Logic (CRUS) is $57 and the lowest target price is $38. A total of 8 equity analysts are currently covering the company. The average price of all the analysts is $50.5 with a standard deviation of $6.91.


Cirrus Logic (NASDAQ:CRUS): On Fridays trading session , Opening price of the stock was $51.55 with an intraday high of $51.78. The bears continued to sell at higher levels and eventually sold the stock down to an intraday low of $50.92. However, the stock managed to close at $51.33, a loss of 0.19% for the day. On the previous day, the stock had closed at $51.43. The total traded volume of the day was 481,118 shares.

Cirrus Logic, Inc. (Cirrus Logic) develops high-precision, analog and mixed-signal integrated circuits (ICs) for a range of audio and energy markets. Cirrus Logic delivers products for consumer and professional audio, automotive entertainment, and targeted industrial applications including energy control, energy measurement, light emitting diode (LED) lighting and energy exploration. The Company also serves customers from sales offices in the United States, Europe and Asia, including the Peoples Republic of China, Hong Kong, South Korea, Japan, Singapore, Taiwan and the United Kingdom. The Audio Products segment offers analog and mixed-signal audio converter and audio DSP products. The Energy Products provides high-precision analog and mixed-signal ICs for targeted energy control, energy measurement, LED lighting and energy exploration applications.

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