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Benchmark Co. Remains a Buy on Cirrus Logic (CRUS)

Tipranks - Tipranks - Thu Feb 5, 5:54AM CST

In a report released yesterday, David Williams from Benchmark Co. reiterated a Buy rating on Cirrus Logic, with a price target of $160.00. The company’s shares closed yesterday at $124.58.

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According to TipRanks, Williams is a 5-star analyst with an average return of 32.0% and a 58.16% success rate. Williams covers the Technology sector, focusing on stocks such as Aeluma, Inc., Power Integrations, and Cirrus Logic.

In addition to Benchmark Co., Cirrus Logic also received a Buy from TipRanks – OpenAI’s OpenAI Semiconductors in a report issued today. However, on the same day, 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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