Cirrus Logic price target raised to $53 from $47 at Needham Needham raised its estimates for Cirrus Logic citing expectations for content gains at the expense of Audience in Apple's iPhone 5. The firm raised its price target for shares to $53 and reiterates a Buy rating on the name.
News For CRUS From The Last 14 Days
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Cirrus Logic volatility low after sharp two-day sell off Cirrus Logic June call option implied volatility is at 51, July is at 50, August and September is at 54; compared to its 26-week average of 56 according to Track Data, suggesting decreasing price movement.