Cirrus Logic (CRUS) Receives a Buy from Stifel Nicolaus

In a report released today, Tore Svanberg from Stifel Nicolaus maintained a Buy rating on Cirrus Logic, with a price target of $120.00. The company’s shares closed yesterday at $113.11.

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According to TipRanks, Svanberg is a 5-star analyst with an average return of 19.1% and a 60.08% success rate. Svanberg covers the Technology sector, focusing on stocks such as Analog Devices, Cirrus Logic, and Marvell.

The word on The Street in general, suggests a Strong Buy analyst consensus rating for Cirrus Logic with a $128.50 average price target, a 13.61% upside from current levels. In a report released yesterday, TR | OpenAI – 4o also reiterated a Buy rating on the stock with a $129.00 price target.

CRUS market cap is currently $5.8B and has a P/E ratio of 17.71.

Based on the recent corporate insider activity of 25 insiders, corporate insider sentiment is negative on the stock. This means that over the past quarter there has been an increase of insiders selling their shares of CRUS in relation to earlier this year. Earlier this month, Justin E Dougherty, the EVP, Global Operations of CRUS sold 1,542.00 shares for a total of $166,659.36.