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Cirrus Logic (CRUS) Gets a Hold from Barclays

Tipranks - Tipranks - Thu Feb 5, 3:30AM CST

Barclays analyst Thomas O’Malley maintained a Hold rating on Cirrus Logic today and set a price target of $110.00.

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According to TipRanks, O’Malley is a 5-star analyst with an average return of 29.2% and a 61.50% success rate. O’Malley covers the Technology sector, focusing on stocks such as SanDisk Corp, Cirrus Logic, and Advanced Micro Devices.

In addition to Barclays, Cirrus Logic also received a Hold from Oppenheimer’s Rick Schafer in a report issued yesterday. However, today, TipRanks – Google reiterated a Buy 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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