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Tuesday, March 21, 2023

Searching For Real Value In Market Debris At Cirrus Logic Inc. (NASDAQ: CRUS)

After Hours

There may be slightly higher risks associated with pre-market and after-hours trading than during regular market hours. Due to the fact that issuers often announce critical financial information outside of regular trading hours, extended-hours trading may result in wider spreads for particular securities. After-hours trades for Cirrus Logic Inc. (CRUS) shows that investor sentiment remained broken, with the stock’s consolidated last price falling by -$0.43, or -0.41%, to $103.31. The Cirrus Logic Inc. has recorded 20,765 volume in the after hours trading session. Yahoo Finance discussed the stock recently as it posted Cirrus Logic Reports Fiscal Third Quarter Revenue of $590.6 Million.

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Stocks Info

As a NASDAQ listed company, CRUS falls under the Technology sector while operating within the Semiconductors industry segment. At the end of the last regular session, the stock closed at $103.74 and fluctuated between $104.63 as its day high and $102.94 as its day low. The current market capitalization of Cirrus Logic Inc. is $5.77B. A total of 0.6 million shares were traded on the day, compared to an average of 533.26K shares.

Insider Activity

Aside from predicting where a stock will go, investors also consider insider trades as an indicator of the stock’s future direction. During the recent three months, CRUS has seen 4 BUY and 9 SELL insider trades, representing the acquisition of 16,654 and the disposition of 27,524 shares. Over the last 12 months, there were 29 BUYs and 30 SELLs from insiders. Insiders purchased 87,351 shares during that period but sold 53,723.

In the most recent transaction, ANDERSON SCOTT ARNOLD sold 29,229 shares of CRUS for 105.36 per share on Feb 09. After the transaction, the Sr VP, Supply Chain now owns 8,979 company shares. In a previous transaction on Feb 08, Alberty Carl Jackson sold 1,998 shares at 105.45 per share. CRUS shares that VP, MSP owns now total 36,436.

Among the insiders who sold shares, Dougherty Justin E disposed of 16,213 shares on Feb 07 at a per-share price of $103.67. This resulted in the SVP, Global Operations holding 9,280 shares of CRUS after the transaction. In another insider transaction, DEHNE TIMOTHY R sold 1,000 shares at $101.63 per share on Feb 07. Company shares held by the Director now total 16,314.

In spite of price targets being rarely accurate, it tends to exert some kind influence from time to time, and was often accepted by the market as having some value. According to analysts who have offered 12-month price targets for CRUS in the last 3 months, the mean price target is $105.63 with high estimates of $120.00 and low estimates of $78.30. In terms of 52-week highs and lows, CRUS has a high of $108.42 and a low of $61.94.

As of this writing, CRUS has an earnings estimate of $0.84 per share for the current quarter. EPS was calculated based on a consensus of 10 estimates, with a high estimate of $0.88 per share and a lower estimate of $0.67. The company reported an EPS of $1.99 in the last quarter, which was 38.20% higher than expectations of $1.44.

Balance Sheet Annually/Quarterly

The balance sheet of a company shows what assets and liabilities a company has, as well as the amount, equity investors have invested. With the help of this information, a company’s financial ratios can be calculated to give investors an overview of the company’s prospects.

Analysts Opinion

The risks associated with pre-market and after-hours trading may be slightly higher than the regular market hours. The reason is that extended-hours trading may result in wider spreads for particular security due to lower liquidity and higher volatility as issuers often announce critical financial information outside regular trading hours. Currently, 12 analysts are providing their opinions on the stock. On a scale of 1 to 5, with 1 being Sell and 5 being Buy, the average analyst rating for CRUS is Hold with a score of 4.33. A total of 7 analysts rated the stock as Buy while 1 rated it as Overweight while 3 rated it as Hold. Among the other participants, 1 thought the stock was Underweight and 0 thought it should be Sold.

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