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Sep 07, 2021

Cirrus Logic (CRUS, $84.43) get rating boost at Barclays

Cirrus Logic  shares rose, after Barclays analysts upgraded ratings on the semiconductor company.

Barclays analysts boosted their rating on the shares of the Apple  supplier to overweight from equal weight. They also increased their price target to $100 from $95.

Analyst Blayne Curtis cited the path they expect on further content gains at Apple over next several years. Curtis also emphasized on Android  opportunities in both audio and power.

“In the near term, we see further upside to September/December estimates and believe Apple content can move higher over the next two to three years as camera and power content broadens,” Curtis wrote in the research note.

“We realize this may fall on deaf ears at this point but we still favor exposure to the handset market into calendar 2022 vs. many other end markets such as PCs, gaming, consumer electronics, and Industrial where we see greater risk of a correction,” the analyst mentioned.

Related Ticker: CRUS

CRUS in upward trend: 10-day moving average broke above 50-day moving average on February 08, 2024

The 10-day moving average for CRUS crossed bullishly above the 50-day moving average on February 08, 2024. This indicates that the trend has shifted higher and could be considered a buy signal. In of 16 past instances when the 10-day crossed above the 50-day, the stock continued to move higher over the following month. The odds of a continued upward trend are .

Price Prediction Chart

Technical Analysis (Indicators)

Bullish Trend Analysis

The Moving Average Convergence Divergence (MACD) for CRUS just turned positive on February 07, 2024. Looking at past instances where CRUS's MACD turned positive, the stock continued to rise in of 35 cases over the following month. The odds of a continued upward trend are .

CRUS moved above its 50-day moving average on February 07, 2024 date and that indicates a change from a downward trend to an upward trend.

The 50-day moving average for CRUS moved above the 200-day moving average on January 19, 2024. This could be a long-term bullish signal for the stock as the stock shifts to an upward trend.

Following a 3-day Advance, the price is estimated to grow further. Considering data from situations where CRUS advanced for three days, in of 340 cases, the price rose further within the following month. The odds of a continued upward trend are .

Bearish Trend Analysis

The 10-day RSI Indicator for CRUS moved out of overbought territory on February 13, 2024. This could be a bearish sign for the stock. Traders may want to consider selling the stock or buying put options. Tickeron's A.I.dvisor looked at 37 similar instances where the indicator moved out of overbought territory. In of the 37 cases, the stock moved lower in the following days. This puts the odds of a move lower at .

The Stochastic Oscillator may be shifting from an upward trend to a downward trend. In of 68 cases where CRUS's Stochastic Oscillator exited the overbought zone, the price fell further within the following month. The odds of a continued downward trend are .

The Momentum Indicator moved below the 0 level on February 23, 2024. You may want to consider selling the stock, shorting the stock, or exploring put options on CRUS as a result. In of 99 cases where the Momentum Indicator fell below 0, the stock fell further within the subsequent month. The odds of a continued downward trend are .

Following a 3-day decline, the stock is projected to fall further. Considering past instances where CRUS declined for three days, the price rose further in of 62 cases within the following month. The odds of a continued downward trend are .

CRUS broke above its upper Bollinger Band on February 07, 2024. This could be a sign that the stock is set to drop as the stock moves back below the upper band and toward the middle band. You may want to consider selling the stock or exploring put options.

The Aroon Indicator for CRUS entered a downward trend on February 06, 2024. This could indicate a strong downward move is ahead for the stock. Traders may want to consider selling the stock or buying put options.

Fundamental Analysis (Ratings)

Fear & Greed

The Tickeron PE Growth Rating for this company is (best 1 - 100 worst), pointing to outstanding earnings growth. The PE Growth rating is based on a comparative analysis of stock PE ratio increase over the last 12 months compared against S&P 500 index constituents.

The Tickeron Profit vs. Risk Rating rating for this company is (best 1 - 100 worst), indicating low risk on high returns. The average Profit vs. Risk Rating rating for the industry is 59, placing this stock better than average.

The Tickeron Price Growth Rating for this company is (best 1 - 100 worst), indicating fairly steady price growth. CRUS’s price grows at a lower rate over the last 12 months as compared to S&P 500 index constituents.

The Tickeron SMR rating for this company is (best 1 - 100 worst), indicating weak sales and an unprofitable business model. SMR (Sales, Margin, Return on Equity) rating is based on comparative analysis of weighted Sales, Income Margin and Return on Equity values compared against S&P 500 index constituents. The weighted SMR value is a proprietary formula developed by Tickeron and represents an overall profitability measure for a stock.

The Tickeron Valuation Rating of (best 1 - 100 worst) indicates that the company is slightly overvalued in the industry. This rating compares market capitalization estimated by our proprietary formula with the current market capitalization. This rating is based on the following metrics, as compared to industry averages: P/B Ratio (2.754) is normal, around the industry mean (8.785). P/E Ratio (29.101) is within average values for comparable stocks, (113.135). CRUS's Projected Growth (PEG Ratio) (8.406) is very high in comparison to the industry average of (2.451). CRUS has a moderately low Dividend Yield (0.000) as compared to the industry average of (0.021). P/S Ratio (2.897) is also within normal values, averaging (11.384).

Notable companies

The most notable companies in this group are NVIDIA Corp (NASDAQ:NVDA), Broadcom (NASDAQ:AVGO), Taiwan Semiconductor Manufacturing Company Ltd (NYSE:TSM), Advanced Micro Devices (NASDAQ:AMD), Intel Corp (NASDAQ:INTC), QUALCOMM (NASDAQ:QCOM), Applied Materials (NASDAQ:AMAT), Texas Instruments (NASDAQ:TXN), Lam Research Corp (NASDAQ:LRCX), Micron Technology (NASDAQ:MU).

Industry description

The semiconductor industry manufacturers all chip-related products, including research and development. These chips are used in innumerable electronic devices, including computers, cell phones, smartphones, and GPSs. Intel Corporation, NVIDIA Corp., and Broadcomm are some of the prominent players in this industry. Semiconductor companies usually tend to do well during periods of healthy economic growth, thereby inducing further research and development in the industry – which in turn augurs well for productivity and growth in the economy. In the near future, demand for semiconductor products (and possibly innovation within the segment) should only expand further, with the proliferation of 5G, autonomous vehicles, IoT, and various AI-driven electronics set to herald a new, advanced chapter in the technology-driven world as we know it. With burgeoning prospects comes great competition. In 2015, SIA estimated that U.S. semiconductor industry ranks as the second most competitive U.S. industry out of 2882 U.S. industries designated manufacturers by the U.S. Census Bureau.

Market Cap

The average market capitalization across the Semiconductors Industry is 40.31B. The market cap for tickers in the group ranges from 13.43K to 1.97T. NVDA holds the highest valuation in this group at 1.97T. The lowest valued company is CYBL at 13.43K.

High and low price notable news

The average weekly price growth across all stocks in the Semiconductors Industry was -1%. For the same Industry, the average monthly price growth was 2%, and the average quarterly price growth was 13%. AXTI experienced the highest price growth at 61%, while SQNS experienced the biggest fall at -69%.

Volume

The average weekly volume growth across all stocks in the Semiconductors Industry was -21%. For the same stocks of the Industry, the average monthly volume growth was -38% and the average quarterly volume growth was -22%

Fundamental Analysis Ratings

The average fundamental analysis ratings, where 1 is best and 100 is worst, are as follows

Valuation Rating: 58
P/E Growth Rating: 48
Price Growth Rating: 50
SMR Rating: 66
Profit Risk Rating: 59
Seasonality Score: -47 (-100 ... +100)
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CRUSDaily Signal changed days agoGain/Loss if shorted
 
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A.I.Advisor
published price charts
A.I. Advisor
published General Information

General Information

a developer of high-precision, analog and mixed-signal integrated circuits for audio and energy markets

Industry Semiconductors

Profile
Fundamentals
Details
Industry
Semiconductors
Address
800 West 6th Street
Phone
+1 512 851-4000
Employees
1702
Web
https://www.cirrus.com
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CRUS and

Correlation & Price change

A.I.dvisor indicates that over the last year, CRUS has been closely correlated with POWI. These tickers have moved in lockstep 76% of the time. This A.I.-generated data suggests there is a high statistical probability that if CRUS jumps, then POWI could also see price increases.

1D
1W
1M
1Q
6M
1Y
5Y
Ticker /
NAME
Correlation
To CRUS
1D Price
Change %
CRUS100%
+0.23%
POWI - CRUS
76%
Closely correlated
-2.50%
SWKS - CRUS
63%
Loosely correlated
-0.98%
QRVO - CRUS
61%
Loosely correlated
-0.56%
MPWR - CRUS
59%
Loosely correlated
-2.72%
SLAB - CRUS
59%
Loosely correlated
-1.57%
More
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