The stock was sold at a price of $40.62, for a total value of $60,930. The company has a market cap of $3.01 billion and a PE ratio of 25.84. So unless Cirrus Logic, Inc. sees its shares decline 38.9% and the contract is exercised (resulting in a cost basis of $27.80 per share before broker commissions, subtracting the $2.20 from $30), the only upside to the put seller is from collecting that premium for the 5% annualized rate of return. For Cirrus Logic, Inc. For the current quarter the stock has a lowest EPS estimates of $0.64 and high estimate of $1.08. The business’s quarterly revenue was down 8.2% compared to the same quarter past year. Equities research analysts expect that Cirrus Logic will post $2.85 EPS for the current fiscal year.
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Insiders has most recently took part in a trading activity, Tupman David J, Director of the company in a transaction that occurred 7/26/2016 sold 1,500 shares of the stock.
The Stock has its Beta Value of 0.36 and ATR (Average True Range) of 1.36. The stock’s institutional ownership stands at 91.90%. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. 0 analysts have suggested “Sell” for the company. The stock was sold at a price of $36.45, for a total worth of $9,696. The heightened volatility saw the trading volume jump to 71,40,250 shares. Now shares have been rated as “Buy” from 5 Analysts. Shares were Downgraded by Barclays on May 5, 2016 to ” Equal Weight” and Lowered the Price Target to $ 35 from a previous price target of $37. The Corporation has average brokerage recommendation (ABR) of 0 based on consensus of the brokerage firms issuing ratings. Finally, Canaccord Genuity reissued a “buy” rating and issued a $52.00 price target on shares of Cirrus Logic in a report on Tuesday, July 12th.
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According to a report issued to investors by Stifel Nicolaus on Thursday, shares of Cirrus Logic (NASDAQ:CRUS) had their rating reiterated by analysts to “Buy”. Now shares have been rated as “Buy” from 2 Analysts. Succeeding to the transaction Sherman William D owned overall 9,488 shares of the stock. LP increased its stake in Cirrus Logic by 74.0% in the fourth quarter. Wells Fargo & Company MN increased its stake in Cirrus Logic by 136.3% in the fourth quarter.
