Stocks of Cirrus Logic, Inc (NASDAQ:CRUS) traded higher last session on Wall Street, down -1.76% to $105.52.
CRUS stock price is now -7.97% away from the 50-day moving average and -6.85% away from the 200-day moving average. The market capitalization of the company currently stands at $5.61B.
On October 10, 2024, Barclays Downgraded its previous ‘Overweight’ rating to ‘Equal Weight’ on the stock reducing its target price from $140 to quote $120, while ‘The Benchmark Company’ rates the stock as ‘Hold’
In other news, Baumgartner Jeffrey W, VP, R&D sold 5,542 shares of the company’s stock on Nov 19 ’24. The stock was sold for $560,019 at an average price of $101.05. Upon completion of the transaction, the VP, R&D now directly owns 10,381 shares in the company, valued at $1.1 million. An SEC document containing details of the transaction can be found on the SEC’s website. On Nov 19 ’24, Officer JEFFREY W BAUMGARTNER bought 5,542 shares of the business’s stock. A total of $560,068 was incurred on buying the stock at an average price of $101.06. A total of 0.53% of the company’s stock is owned by insiders.
During the past 12 months, Cirrus Logic, Inc has had a low of $74.83 and a high of $147.46. As of last week, the company has a debt-to-equity ratio of 0.08, a current ratio of 5.34, and a quick ratio of 4.16. According to the stock market information, the enterprise value for the company is $5281671680, which is based on a 17.92 price-to-earnings ratio, a 5.27 price-to-earnings-growth ratio, and a beta of 0.94. The fifty day moving average price for CRUS is $115.008 and a two-hundred day moving average price translates $113.1956 for the stock.
The latest earnings results from Cirrus Logic, Inc (NASDAQ: CRUS) was released for 2024-09-28. The net profit margin was 17.19% and return on equity was 18.03% for CRUS. The company reported revenue of $541.86 million for the quarter, compared to $481.06 million a year earlier. Comparatively to last year’s same quarter, the company’s quarterly revenue rose 12.64 percent.
