Up until fairly recently, the stock seemed to be moving higher in what appeared to be an ascending channel with an upper trendline connecting a series of higher highs and a lower trendline connecting a series of higher lows, both running parallel to one another The stock kept rising within the channel until it got stopped in its tracks in early August when it was unable to overcome resistance in the aforementioned $85-90 region. The stock continued its decline, setting new lows along the way, until early July when it went on to rally for the whole month. Note also how the stock topped out in the $85-90 region, a sign resistance can be found in this region. In fact, the stock set a series of lower lows, which can be connected to form a descending trendline. In the first half of 2022, the stock trended lower. The chart below shows how the stock's fortunes have undergone important changes. While CRUS is doing well in some aspects, there are several issues that may cause people to take a step back. The stock appeared to be in an uptrend, but that changed when support failed to hold. The charts have leaned bullish in the second half of 2022, but this has changed with a recent turn of events.ĬRUS has yet to see much of a slowdown in its quarterly numbers, but it trades at multiples that suggest one is coming.ĬRUS has held up relatively well considering the circumstances, but a hazy outlook suggest that could change in the near term.Ĭirrus Logic (CRUS) gave the bulls reason to be optimistic in the second half of 2022 after a weak first half, but that has changed in the last few weeks. Short-Haul Single-Port Line Interface UnitsĬirrus Logic has completed the sale of the Apex Precision Power technology Products to a new company doing business as Apex Microtechnology, Inc.Cirrus Logic has benefited from its heavy exposure to AAPL, but lately, CRUS has found out that this relationship cuts both ways. Short-Haul Multi-Port Line Interface Units High-Throughput Delta-Sigma A/D Converters The Company’s products are also used in an array of industrial and energy-related applications, including digital utility meters, power supplies, energy control, energy measurement and energy exploration applications.ĭelta-Sigma A/D Converters with Integrated Amplifiers Applications for products in the automotive market include satellite radio systems, telematics and multi-speaker car-audio systems. Within the consumer market, its products are utilized in laptops, audio/video receivers (AVRs), home theater systems, set-up boxes, portable speakers, digital camcorders, musical instruments and professional audio products. The Company supplies digital interface and amplifiers. The Company provides analog and mixed-signal ICs for a range of products in consumer applications, including the smart home market, automotive, industrial and energy. Founded in 1984 in Silicon Valley, Cirrus Logic has more than 1,000 patents that are key to more than 700 of their products serving more than 2,500 end customers globally, through both direct and distributor-based channel sales. They excel at developing complex chip designs where feature integration and innovation is a premium. ![]() Cirrus Logic also invests heavily in innovative new products designed to meet global demands for smarter, more efficient energy consumption. ![]() They are a recognized leader in analog and mixed-signal audio converter technologies and audio processors that enable today’s new consumer, professional and automotive entertainment products. Cirrus Logic is a premier supplier of high-precision analog and digital signal processing components for audio and energy markets.
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