Cirrus Logic Inc. (NASDAQ:CRUS) went up by 1.59% during the previous trading session, and it is maintaining the win ahead of Monday’s trading session. The share price of the Semiconductors giant went up by $67.26 to trade ended Monday trading at $66.21. This is up from the $66.21 price recorded on Friday’s trading session. Its performance from the start of the year has also been negative, with CRUS down by -18.38% year-to-date.
Cirrus Logic Inc. (CRUS) started the day trading at $64.73 and recorded an intraday high of $67.44. It also recorded an intraday low of $64.58 during Monday’s trading session. Cirrus Logic Inc. is a very active stock that recorded a trading volume that is more than 19.51% of the average daily trading volume on Monday. The stock’s trading volume on Monday was 976197, which is more than 19.51 of the total average daily trading volume of 785.76K.
Cirrus Logic Inc. (NASDAQ:CRUS) 2020 Performance Impressive
The increase in CRUS’s stock price on Monday saw its overall performance boost over the past few months. We can quantify the performance of the stock so far this year using a few metrics. The 52-week high price of CRUS currently stands at $91.63, which is higher than the current trading price of the stock by 26.6%. However, CRUS’s current trading price is -70.02% lower than the 52-week low price of $39.56. In terms of trading volume, Cirrus Logic Inc. currently experienced healthy participation during the last trading session. 976197 shares of Cirrus Logic Inc. were traded on the stock exchange on Monday, which is more than 19.51% of the 785.76K average trading volume of the stock.
The performance of the stock has been positive over the past year. CRUS’s performance over the past one year has seen it surge by 68.74%, while the stock has gone down by -12.15% in the last six months. The quarterly performance of CRUS currently stands at 31.19%, and it is up by 1.04% in the last month. The only negative figure was from the weekly performance, which currently reads -1.82%. At the time of writing CRUS’s report, the company has a total market cap of $4.00B, making it one of the largest publicly-traded companies in the world.Cirrus Logic Inc. also has over 1443 employees all over the world.
CRUS Insider Activities
For Cirrus Logic Inc., insiders hold 90.20% of all company shares. The insider transactions over the past six months are down by -6.90%. During that period, insiders bought 345,652 shares in 22 transactions. In that same period, insiders sold 395,571 of their shares in 26 transactions. After these transactions, insiders at Cirrus Logic Inc. now hold 387.53k shares, which is over 92.01% of the total company stocks. Institutional investors currently hold a large chunk of the CRUS shares, as they control 0.66% of the company’s total stock.
CRUS Fundamental Analysis
For Cirrus Logic Inc., the stock’s diluted earnings per share (EPS) stands at 2.64. In the coming year, analysts expect the EPS to be 4.00. The EPS growth will up over the next five years to 8.50% after surging by 25.60% in the previous five years. In terms of revenue, Cirrus Logic Inc.’s quarterly sales (YOY) is growing at 0.30, which is lower than the average annual revenue of 25.60% over the past half a decade.
The Return on Investment (ROI) on Cirrus Logic Inc.’s stock currently stands at 12.30%, and it has a net profit margin of 12.40%. The operating margin of the company is 13.50%, and its gross margin is 52.60%.
CRUS Analysts Prediction
In March 31, 2020, several analysts reiterated their positions on the Cirrus Logic Inc. stock and predicted its performance to their investors. The analysts at BofA/Merrill believe CRUS is still a Buy and set the price target between $60 and $80. Another analyst that has a Hold rating for CRUS is Craig Hallum, which set a price target of between $52 and $65. Cowen reiterate their Market Perform position on the stock ($75 and $88) and Craig Hallum reiterate their Hold position on the stock ($42 and $52).
Analysts at Cowen believe that CRUS is Market Perform, and they have a price target of between $56 and $62. The Benchmark Company and Dougherty & Company also believe that Cirrus Logic Inc.’s stock is outperforming at the moment. CRUS received a positive rating from Barclays, which set a price target of $40-$55 for the stock.
At the moment, Cirrus Logic Inc.’s Total Debt to Equity ratio stands at 0.00, and they have a long-term Debt to Equity ratio of 0.00.
CRUS Technical Analysis
The Simple Moving Average (SMA) is one of the most powerful technical indicators. The 20-day Simple Moving Average of CRUS currently stands at -5.30%, while the SMA50 is -3.99%. The biggest one is the SMA200, which is currently reading -2.03% ahead of Monday’s trading session. The Relative Strength Index of this stock is 44.06, while its price to earnings ratio (P/E) is 25.44.
