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Stifel Nicolaus Sticks to Its Buy Rating for Cirrus Logic (CRUS)

Tipranks - Tipranks - Sat Jan 31, 6:40AM CST

In a report released today, Tore Svanberg from Stifel Nicolaus reiterated a Buy rating on Cirrus Logic, with a price target of $150.00.

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According to TipRanks, Svanberg is a 5-star analyst with an average return of 23.9% and a 63.38% success rate. Svanberg covers the Technology sector, focusing on stocks such as Microchip, Cirrus Logic, and Semtech.

In addition to Stifel Nicolaus, Cirrus Logic also received a Buy from TipRanks – Google’s Google Semiconductors in a report issued on January 15. However, on January 16, Barclays maintained a Hold rating on Cirrus Logic (NASDAQ: CRUS).

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Based on Cirrus Logic’s latest earnings release for the quarter ending September 27, the company reported a quarterly revenue of $560.96 million and a net profit of $131.6 million. In comparison, last year the company earned a revenue of $541.86 million and had a net profit of $102.14 million

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