10/30/2022 0 Comments Cirrus logic stockThe global spread of coronavirus and the resulting lockdowns hampered semiconductor demand across a variety of industries, but the trend has since changed. We believe that the company’s P/E ratio has the potential to rise further in the near term on expectations of continuing demand growth and a favorable shareholder return policy, thus driving the stock price higher. However, the company’s P/E (price-to-earnings) multiple has risen from 22x in 2018 to 30x by late 2020, but has since dropped back to around 22x currently. Is BNY Mellon Stock Stock Fairly Priced?.Why Harley-Davidson Stock Is Holding Up Despite A Tough Automotive Market.After 10% Drop Last Week, Can Delta Air Lines Stock Bounce?.Procter & Gamble Stock Has Outperformed The S&P 500 Since 2017 End: Here’s Why.This led to EPS (earnings-per-share) rising from $1.50 to $3.74. Lower operating expenses helped drive net margins from 7.6% to 15.9%, despite a rise in the effective tax rate. Our dashboard What Factors Drove 147% Change In Cirrus Logic Stock Between 2018 And Now? has the underlying numbers behind our thinking.ĬRUS stock’s rise since late-2018 came due to a 15% rise in revenue from $1.19 billion in FY 2019 to $1.37 billion in FY 2021 (Cirrus Logic’s fiscal year ends in March). We believe that Cirrus Logic stock could rise around 25% to regain its early-2021 high of $103, driven by expectations of continuing demand growth, and strong full-year 2021 earnings. Further, the stock is still around the same level it was at before the pandemic. Cirrus Logic, a semiconductor supplier, has seen its stock rise from $56 to $82 off its March 2020 low, less than the S&P which increased by around 90% from its lows. Up almost 1.5x from its low in March 2020, at the current price of $82 per share, we believe Cirrus Logic stock (NASDAQ: CRUS) has further upside potential.
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