Market Overview

Barclays Capital Reiterates on Cirrus Logic After Amplifier Loss in iPad Air is Confirmed

Share:
Related CRUS
Understanding The Implications Of iPhone X Supply Constraints
How To Use Options During Earnings Season

In a report published Monday, Barclays Capital analyst Blayne Curtis reiterated an Underweight rating and $16.00 price target on Cirrus Logic (NASDAQ: CRUS).

In the report, Barclays Capital noted, “When we published our thoughts on the initial iPad Air teardowns last week, we noted that CRUS' audio CODEC was clearly visible but we were unable to locate the two CRUS amps found in previous versions. At the time, we were also unable to identify amplifiers from a competitor, so we left this potential socket loss story as a point of further investigation. Today, we have identified 4 Maxim MAX98304 Class D Amplifiers, which confirm that Cirrus did in fact lose the amplifier socket.”

Cirrus Logic closed on Friday at $22.25.

Latest Ratings for CRUS

DateFirmActionFromTo
Sep 2017Bank of AmericaInitiates Coverage OnUnderperform
Jul 2017BarclaysDowngradesEqual-WeightUnderweight
Apr 2017Pacific CrestUpgradesSector WeightOverweight

View More Analyst Ratings for CRUS
View the Latest Analyst Ratings

Posted-In: Barclays Capital Blayne CurtisAnalyst Color Reiteration Analyst Ratings

 

Related Articles (CRUS)

View Comments and Join the Discussion!
Loading...

Partner Center

Loading...