During the last session, Cirrus Logic, Inc (NASDAQ:CRUS)’s traded shares were 0.73 million, with the beta value of the company hitting 0.94. The 52-week high for the CRUS share is $147.46, that puts it down -41.33 from that peak though still a striking 27.32% gain since the share price plummeted to a 52-week low of $75.83. The company’s market capitalization is $5.35B, and the average intraday trading volume over the past 10 days was 0.48 million shares, and the average trade volume was 639.43K shares over the past three months.
Cirrus Logic, Inc (CRUS) received a consensus recommendation of Buy from analysts. That translates to a mean rating of 1.60. CRUS has a Sell rating from 0 analyst(s) out of 7 analysts who have looked at this stock. 2 analyst(s) recommend to Hold the stock while 0 suggest Overweight, and 5 recommend a Buy rating for it.
Cirrus Logic, Inc (NASDAQ:CRUS) trade information
The stock’s 5-day price performance is 1.59%, and it has moved by -1.50% in 30 days. Based on these gigs, the overall price performance for the year is -16.87%. The short interest in Cirrus Logic, Inc (NASDAQ:CRUS) is 1.75 million shares and it means that shorts have 2.61 day(s) to cover.
The consensus price target of analysts on Wall Street is $105, which implies an increase of 0.63% to the stock’s current value. The extremes of the forecast give a target low and a target high price of $90 and $120 respectively. As a result, CRUS is trading at a discount of -15.01% off the target high and 13.74% off the low.
An analysis of the company’s performance over the past 5 years shows that the company’s earnings grew an estimated 17.87%. While earnings are projected to return -6.73% in 2025.
CRUS Dividends
Cirrus Logic, Inc is due to release its next quarterly earnings on 2025-May-06. However, it is important to remember that the dividend yield ratio is merely an indicator meant to only serve as guidance.
Cirrus Logic, Inc (NASDAQ:CRUS)’s Major holders
Cirrus Logic, Inc insiders own 0.61% of total outstanding shares while institutional holders control 99.10%, with the float percentage being 99.71%. VANGUARD GROUP INC is the largest shareholder of the company, while 615.0 institutions own stock in it. As of 2024-06-30, the company held over 6.34 million shares (or 11.8697% of all shares), a total value of $809.66 million in shares.
The next largest institutional holding, with 5.89 million shares, is of BLACKROCK INC.’s that is approximately 11.0252% of outstanding shares. At the market price on 2024-06-30, these shares were valued at $752.06 million.
