Cirrus Logic, Inc. s trend and data analysis indicates that the stock price has dropped -0.43% in the past 12 Weeks , but analyzing the 6 month charts for the stock , the price continues to stay positive and keep the rally at 9.93% . Looking at the past 52 week period, the stock price is up at 62.76% . Relative price strength is a important factor used by wealth management firms while investing in stocks because the indicator compares the stock performance with the overall market. The relative price strength of Cirrus Logic, Inc. has a positive value of 67.09 compared to overall market.Cirrus Logic, Inc. is having a Relative Strength Index of 66.19 which indicates the stock is not yet over sold or over bought based on the technical indicators.
Cirrus Logic, Inc. (NASDAQ:CRUS) has climbed 6.7% in the past week and advanced 5.6% in the last 4 weeks. In the past week, the company has outperformed the S&P 500 by 6.45% and the outperformance has advanced to 4.4% for the last 4 weeks period.
For the current week, the company shares have a recommendation consensus of Buy. Cirrus Logic, Inc. (NASDAQ:CRUS) : On Friday heightened volatility was witnessed in Cirrus Logic, Inc. (NASDAQ:CRUS) which led to swings in the share price. The stock opened for trading at $58.07 and hit $58.6 on the upside , eventually ending the session at $58.43, with a gain of 0.9% or 0.52 points. The heightened volatility saw the trading volume jump to 1,524,761 shares. The 52-week high of the share price is $64.16 and the company has a market cap of $3,753 million. The 52-week low of the share price is at $31 .
Several Stock Research Financial Advisors from Investment Banking firms have advised their client and investors on the stock.Cirrus Logic was Downgraded by Oppenheimer to Perform on Mar 1, 2017. Company shares were Reiterated by Craig Hallum on Feb 2, 2017 to Hold, Raises Price Target to $ 63 from a previous price target of $60 .
Company has reported several Insider transactions to the SEC, on Mar 3, 2017, William D Sherman (director) sold 185 shares at 54.01 per share price.On Feb 9, 2017, Randolph K Carlson (VP Supply Chain) sold 17,880 shares at 55.98 per share price.On Feb 7, 2017, Rashpal Sahota (VP & Audio GM) sold 6,510 shares at 55.86 per share price.
Cirrus Logic Last issued its quarterly earnings results on Feb 1, 2017. The company reported $1.87 EPS for the quarter, beating the analyst consensus estimate by $ 0.25. Analyst had a consensus of $1.62. The company had revenue of $523.00 million for the quarter, compared to analysts expectations of $495.24 million. The companys revenue was up 50.3% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.82 EPS.
Cirrus Logic Inc. is a premier supplier of high performance analog circuits and advanced mixed-signal chip solutions. The companys products, sold under its own name and the Crystal product brand, enable system-level applications in mass storage, audio and precision data conversion. (PRESS RELEASE)