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Susquehanna Remains a Buy on Cirrus Logic (CRUS)

Tipranks - Tipranks - Thu Feb 5, 1:38PM CST

In a report released today, Christopher Rolland from Susquehanna reiterated a Buy rating on Cirrus Logic, with a price target of $155.00.

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According to TipRanks, Rolland is a 5-star analyst with an average return of 21.5% and a 58.63% success rate. Rolland covers the Technology sector, focusing on stocks such as Advanced Micro Devices, Fabrinet, and Lumentum Holdings.

In addition to Susquehanna, Cirrus Logic also received a Buy from Stifel Nicolaus’s Tore Svanberg 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 December 27, the company reported a quarterly revenue of $580.62 million and a net profit of $140.31 million. In comparison, last year the company earned a revenue of $555.74 million and had a net profit of $116.01 million

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