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Cirrus Logic (NASDAQ:CRUS) Director Timothy R. Dehne unloaded 5,311 shares of the company’s stock in a transaction dated Friday, August 22nd. The stock was sold at an average price of $23.97, for a total value of $127,304.67. Following the sale, the director now directly owns 25,931 shares in the company, valued at approximately $621,566. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link.

A number of analysts have recently weighed in on CRUS shares. Analysts at Zacks upgraded shares of Cirrus Logic from a “neutral” rating to an “outperform” rating in a research note on Wednesday, July 16th. They now have a $25.20 price target on the stock. Analysts at Barclays raised their price target on shares of Cirrus Logic from $16.00 to $18.00 in a research note on Tuesday, July 15th. They now have an “underweight” rating on the stock. Three analysts have rated the stock with a sell rating, four have given a hold rating and five have given a buy rating to the company’s stock. Cirrus Logic currently has an average rating of “Hold” and an average price target of $22.89.

Cirrus Logic (NASDAQ:CRUS) traded up 0.51% on Wednesday, hitting $23.86. The stock had a trading volume of 719,870 shares. Cirrus Logic has a 52 week low of $16.81 and a 52 week high of $25.91. The stock has a 50-day moving average of $23.44 and a 200-day moving average of $21.62. The company has a market cap of $1.482 billion and a P/E ratio of 15.80.

Cirrus Logic (NASDAQ:CRUS) last announced its earnings results on Wednesday, July 23rd. The company reported $0.37 EPS for the quarter, beating the Thomson Reuters consensus estimate of $0.30 by $0.07. The company had revenue of $152.60 million for the quarter, compared to the consensus estimate of $147.60 million. During the same quarter in the prior year, the company posted $0.56 earnings per share. The company’s quarterly revenue was down 1.6% on a year-over-year basis. Analysts expect that Cirrus Logic will post $1.99 EPS for the current fiscal year.

Cirrus Logic, Inc (NASDAQ:CRUS) develops analog and mixed-signal integrated circuits (IC) for a broad range of consumer and industrial markets.

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