Top 10 AI News Updates You Should Not Miss

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6. Cirrus Logic Inc. (NASDAQ:CRUS)

Number of Hedge Fund Holders: 28

Cirrus Logic, Inc. (NASDAQ:CRUS) is a fabless semiconductor supplier of low-power, high-precision audio components and mixed-signal processing solutions such as DSP integrated circuits, smart codecs, boosted amplifiers, and camera controllers for mobiles, laptops, and home theater systems. The company maintains a robust intellectual property portfolio, including its nine AI patents. In Q1 2024, it filed a new AI patent on using biometric authentication to personalize audio playback on personal audio devices for a customized listening experience.

On January 17th, Barclays analyst Tom O’Malley reiterated its target price of $105 for Cirrus Logic, Inc. (NASDAQ:CRUS) shares with a “Hold” rating. Analysts have previously revealed concerns about the company’s soft fiscal year guidance, which could mean flat unit expectations for H2 2024.

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