Cirrus Logic (CRUS) Could Benefit from Audience's (ADNC) Demise
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Price: $121.09 -0.11%
Rating Summary:
13 Buy, 5 Hold, 1 Sell
Rating Trend:
Up
Today's Overall Ratings:
Up: 13 | Down: 14 | New: 11
Rating Summary:
13 Buy, 5 Hold, 1 Sell
Rating Trend:
Up
Today's Overall Ratings:
Up: 13 | Down: 14 | New: 11
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Cirrus Logic (NASDAQ: CRUS) could see increased Apple (NASDAQ: AAPL) business following news from Audience, Inc. (NASDAQ: ADNC) that its IP will likely not be in the next iPhone.
The news increases Strene Agee's Andrew Huang conviction that Cirrus Logic is about to get a "significant" increase in dollars per device from Apple.
Sterne Agee maintained a Buy rating and price target of $48 on CRUS.
For an analyst ratings summary and ratings history on Cirrus Logic click here. For more ratings news on Cirrus Logic click here.
Shares of Cirrus Logic closed at $44.89 yesterday.
The news increases Strene Agee's Andrew Huang conviction that Cirrus Logic is about to get a "significant" increase in dollars per device from Apple.
Sterne Agee maintained a Buy rating and price target of $48 on CRUS.
For an analyst ratings summary and ratings history on Cirrus Logic click here. For more ratings news on Cirrus Logic click here.
Shares of Cirrus Logic closed at $44.89 yesterday.
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