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Cirrus Logic, Inc.
CRUS Details
Cirrus Logic, Inc. (NASDAQ: CRUS) provides low-power, high-precision signal processing solutions to electronics manufacturers globally. CRUS is focused on creating cutting-edge user experiences for mobile and consumer products. Its operating segments are Audio Products and High-Performance Mixed-Signal Products. As of October 27, 2021, the company's market capitalization stood at USD 4.59 billion.
Latest News:
Q1FY22 Results:
Risks:
Outlook:
Valuation Methodology: Price/Earnings Multiple Based Relative Valuation
(Analysis by Kalkine Group)
CRUS Daily Technical Chart (Source: REFINITIV)
Stock Recommendation:
CRUS' share price has decreased 16.01% in the past nine months and is currently leaning towards the lower end of its 52-week range of USD 66.17 to USD 103.25. The stock is currently trading below its 50 and 200 DMA levels, and its RSI Index is at 45.79. We have valued the stock using the Price/Earnings multiple-based relative valuation methodology and arrived at a target price of USD 98.20.
Considering the correction in the stock price in the past nine months, encouraging outlook, current valuation, and associated risks, we recommend a "Buy" rating on the stock at the closing price of USD 80.32, up 0.70% as of October 27, 2021.
* The reference data in this report has been partly sourced from REFINITIV.
* All forecasted figures and industry information have been taken from REFINITIV.
*Depending upon the risk tolerance, investors may consider unwinding their positions in a respective stock once the estimated target price is reached.
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