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Cirrus Logic (NASDAQ:CRUS) Sees Optimistic Price Target Amid Strong Earnings

Cirrus Logic (NASDAQ:CRUS) Sees Optimistic Price Target Amid Strong Earnings Nov. 5, 2024, 6:10 p.m., readers: 6

Angelo Zino from CFRA set a price target of $109 for NASDAQ:CRUS, indicating a potential increase of about 6.08%. The company's strong fiscal Q2 2025 earnings and revenue exceeded expectations, driven by the success of their audio and high-performance mixed-signal products. Despite a recent drop, CRUS's trading volume on the NASDAQ exchange reflects active investor interest, suggesting close monitoring by investors. Cirrus Logic (NASDAQ:CRUS) is a company known for its expertise in audio and high-performance mixed-signal products. It plays a significant role in the semiconductor industry, providing solutions that enhance audio quality in various consumer electronics. The company competes with other semiconductor firms, striving to maintain its market position through innovation and strong product offerings. On November 5, 2024, Angelo Zino from CFRA set a price target of $109 for CRUS. At that time, the stock was priced at $102.75, suggesting a potential increase of about 6.08%. This optimistic outlook aligns with the company's strong fiscal Q2 2025 earnings and revenue, which exceeded expectations. The positive performance was largely due to the continued success of their audio and high-performance mixed-signal products. Currently, CRUS is priced at $102.79, showing a decrease of 7.09% or $7.84. Despite this drop, the stock has experienced fluctuations, trading between $100 and $109.35 during the day. Over the past year, CRUS has seen a high of $147.46 and a low of $69.23, indicating significant volatility. The company's market capitalization stands at approximately $5.49 billion. The trading volume for CRUS is 1,948,123 shares on the NASDAQ exchange, reflecting active investor interest. This level of trading activity suggests that investors are closely monitoring the stock, possibly in response to the recent earnings report and the new price target set by CFRA. The company's strong market position and product success continue to attract attention in the semiconductor industry.

About NASDAQ: CRUS

C irrus Logic, Inc., a fabless semiconductor company, provides low-power and high-precision mixed-signal processing solutions in the United States and internationally. It offers portable products, including 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 digital signal processer; boosted amplifiers;

Price: 101.50
Market cap: 5.4 billion USD
Eps: 5.88
P/e ratio: 17.26
Focus Analysis On: CRUS