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Cirrus Logic, Inc. (CRUS) is semiconductor company.
The firm develops analog and mixed-signal integrated circuits for a range of consumer and industrial markets.
It offers audio products, including codecs, analog-to-digital converters, digital-to-analog converters, active noise cancelling circuits, amplifiers, and micro-electromechanical system microphones, as well as standalone digital signal processors.
The companys audio products are used in various mobile applications comprising smartphones, tablets, portable media players, wearables, and accessories, such as headsets and headphones. Its products are used in consumer applications, including laptops, audio/video receivers, home theater systems, set-top boxes, portable speakers, digital camcorders, and musical instruments, as well as professional audio products; and automotive application comprising satellite radio systems, telematics, and multi-speaker car-audio systems.
The companys products are also used in a range of high-precision industrial and energy-related applications, including digital utility meters, power supplies, energy control, energy measurement, and energy exploration applications. It markets and sells its products through direct sales force, external sales representatives, and distributors.
Shares have formed a bullish "cup and handle" ahead of its quarterly results on October 28th. We expect higher share prices for this stock.
52-Weeks Trading Range: $16.80 - $38.20
Entry Point: $32.45
Stop Loss: $30.75
Target Price: $35.70
CRUS closed at $29.00.
