Fintel reports that on September 14, 2023, Keybanc reiterated coverage of Cirrus Logic (NASDAQ:CRUS) with a Overweight recommendation.
Analyst Price Forecast Suggests 31.81% Upside
As of August 31, 2023, the average one-year price target for Cirrus Logic is 95.14. The forecasts range from a low of 80.80 to a high of $115.50. The average price target represents an increase of 31.81% from its latest reported closing price of 72.18.
See our leaderboard of companies with the largest price target upside.
The projected annual revenue for Cirrus Logic is 1,983MM, an increase of 8.90%. The projected annual non-GAAP EPS is 6.57.
What is the Fund Sentiment?
There are 815 funds or institutions reporting positions in Cirrus Logic. This is a decrease of 55 owner(s) or 6.32% in the last quarter. Average portfolio weight of all funds dedicated to CRUS is 0.16%, a decrease of 24.52%. Total shares owned by institutions decreased in the last three months by 4.35% to 55,606K shares. 
The put/call ratio of CRUS is 0.44, indicating a bullish outlook.
What are Other Shareholders Doing?
Mackenzie Financial holds 2,457K shares representing 4.49% ownership of the company. In it's prior filing, the firm reported owning 2,453K shares, representing an increase of 0.16%. The firm decreased its portfolio allocation in CRUS by 22.32% over the last quarter.
VTSMX - Vanguard Total Stock Market Index Fund Investor Shares holds 1,726K shares representing 3.15% ownership of the company. In it's prior filing, the firm reported owning 1,705K shares, representing an increase of 1.22%. The firm decreased its portfolio allocation in CRUS by 30.82% over the last quarter.
Wellington Management Group Llp holds 1,694K shares representing 3.10% ownership of the company. In it's prior filing, the firm reported owning 1,732K shares, representing a decrease of 2.22%. The firm decreased its portfolio allocation in CRUS by 30.86% over the last quarter.
IJH - iShares Core S&P Mid-Cap ETF holds 1,676K shares representing 3.06% ownership of the company. In it's prior filing, the firm reported owning 1,705K shares, representing a decrease of 1.70%. The firm decreased its portfolio allocation in CRUS by 30.24% over the last quarter.
FDGRX - Fidelity Growth Company Fund holds 1,620K shares representing 2.96% ownership of the company. In it's prior filing, the firm reported owning 1,467K shares, representing an increase of 9.47%. The firm decreased its portfolio allocation in CRUS by 25.74% over the last quarter.
Cirrus Logic Background Information
(This description is provided by the company.)
Cirrus Logic is a leader in low-power, high-precision mixed-signal processing solutions that create innovative user experiences for the world's top mobile and consumer applications. With headquarters in Austin, Texas, Cirrus Logic is recognized globally for its award-winning corporate culture.
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This story originally appeared on Fintel.
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