Market Overview

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

Share:
Related CRUS
What Does Apple Dropping Imagination Mean For Other Apple Suppliers?
18 Biggest Mid-Day Gainers For Tuesday
The Vetr community has upgraded $CRUS to 2-Stars. (Vetr)

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
Apr 2017Pacific CrestUpgradesSector WeightOverweight
Mar 2017OppenheimerDowngradesOutperformPerform
Dec 2016SusquehannaInitiates Coverage OnPositive

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!