Cirrus Logic Inc (CRUS) Stock AnalysisCRUSCirrus Logic Inc

Cirrus Logic, Inc. is a provider of low-power, high-precision mixed-signal processing solutions that enhance user experience in mobile and consumer applications. Its product line categories are Audio and High-Performance Mixed-Signal (HPMS). It is a supplier of low-power, low-latency, high-precision audio components that are used in a variety of applications, including smartphones, laptops, tablets, virtual reality/augmented reality headsets, wearables, home theater systems, automotive entertainment systems and professional audio systems. Additionally, its SoundClear technology consists of a broad portfolio of tools, software and algorithms that help to differentiate its customers’ products by improving the user experience with features such as louder, high-fidelity sound, high-quality audio playback, voice capture, and hearing augmentation. Its portfolio of HPMS products includes camera controllers for automatic focus and optical image stabilization and haptic and sensing solutions. It operates in the Technology sector (SEMICONDUCTORS & RELATED DEVICES industry).

Cirrus Logic Inc is currently not a strong buy due to its low RSI of 26.109, indicating oversold conditions, and a forward P/E ratio of 13.7741, which is reasonable but not compelling. The recent insider selling by an executive, despite being under a trading plan, raises some concerns about confidence in the stock. However, hedge funds have increased their buying activity by 4772.36% over the last quarter, suggesting some institutional confidence in the company. The main risk is the recent downgrade in price targets by analysts, with Stifel lowering its target to $160 from $197, which reflects a cautious outlook.

12 analysts cover CRUS: 8 rate it Buy, 2 Hold and 2 Sell. The average price target is 140.00.