NASDAQ:CRUS - Cirrus Logic Stock Price, Price Target & More

Cirrus Logic trades on the NASDAQ under the ticker symbol "CRUS."

Cirrus Logic announced that its board has approved a share repurchase program on Tuesday, February 6th 2018, which permits the company to buyback $200,000,000.00 in outstanding shares, according to EventVestor. This buyback authorization permits the company to reacquire shares of its stock through open market purchases. Stock buyback programs are often an indication that the company's management believes its shares are undervalued.

Cirrus Logic, Inc. (NASDAQ:CRUS) issued its quarterly earnings results on Wednesday, May, 2nd. The semiconductor company reported $0.51 earnings per share for the quarter, missing the Thomson Reuters' consensus estimate of $0.58 by $0.07. The semiconductor company had revenue of $303.20 million for the quarter, compared to analysts' expectations of $316.57 million. Cirrus Logic had a net margin of 10.57% and a return on equity of 20.50%. The firm's revenue for the quarter was down 7.5% on a year-over-year basis. During the same period in the prior year, the firm earned $0.85 earnings per share. View Cirrus Logic's Earnings History.

Cirrus Logic is scheduled to release their next quarterly earnings announcement on Wednesday, August, 1st 2018. View Earnings Estimates for Cirrus Logic.

10 equities research analysts have issued 1 year price targets for Cirrus Logic's stock. Their forecasts range from $32.00 to $80.00. On average, they expect Cirrus Logic's share price to reach $53.1111 in the next year. This suggests a possible upside of 31.1% from the stock's current price. View Analyst Ratings for Cirrus Logic.

10 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Cirrus Logic in the last year. There are currently 2 sell ratings, 2 hold ratings and 6 buy ratings for the stock, resulting in a consensus recommendation of "Hold."

Cirrus Logic saw a drop in short interest during the month of June. As of June 29th, there was short interest totalling 7,504,149 shares, a drop of 23.7% from the June 15th total of 9,832,470 shares. Based on an average daily volume of 1,431,242 shares, the days-to-cover ratio is currently 5.2 days. Approximately 12.4% of the company's shares are short sold. View Cirrus Logic's Current Options Chain.

Some companies that are related to Cirrus Logic include ASE INDL HLDG C/S (ASX), Microsemi (MSCC), United Microelectronics (UMC), Cypress Semiconductor (CY), Cavium (CAVM), SUMCO Corp/ADR (SUOPY), Monolithic Power Systems (MPWR), Semiconductor Manufacturing Int'l (SMI), First Solar (FSLR), Siliconware Precision Industries (SPIL), Cree (CREE), Silicon Laboratories (SLAB), Integrated Device Technology (IDTI), Mellanox Technologies (MLNX) and AU Optronics (AUO).

Headlines about CRUS stock have been trending somewhat positive this week, according to Accern. Accern ranks the sentiment of news coverage by reviewing more than twenty million blog and news sources in real-time. Accern ranks coverage of companies on a scale of negative one to positive one, with scores closest to one being the most favorable. Cirrus Logic earned a daily sentiment score of 0.02 on Accern's scale. They also gave press coverage about the semiconductor company an impact score of 45.38 out of 100, meaning that recent news coverage is somewhat unlikely to have an effect on the company's share price in the next few days.

Cirrus Logic's stock is owned by a variety of of retail and institutional investors. Top institutional shareholders include Peregrine Capital Management LLC (0.34%), Empowered Funds LLC (0.13%), Retirement Systems of Alabama (0.13%), Adams Asset Advisors LLC (0.04%), Empirical Finance LLC (0.04%) and Municipal Employees Retirement System of Michigan (0.02%). Company insiders that own Cirrus Logic stock include Alan R Schuele, Alexander M Davern, Andrew Brannan, Bradley J Fluke, Christine King, David J Tupman, Jason P Rhode, John C Carter, Randolph K Carlson, Rashpal Sahota, Scott Arnold Anderson, Scott Thomas, Thurman K Case and William D Sherman. View Institutional Ownership Trends for Cirrus Logic.

CRUS stock was sold by a variety of institutional investors in the last quarter, including Empirical Finance LLC, Peregrine Capital Management LLC, Municipal Employees Retirement System of Michigan, Retirement Systems of Alabama and Juncture Wealth Strategies LLC. Company insiders that have sold Cirrus Logic company stock in the last year include Alan R Schuele, Andrew Brannan, Bradley J Fluke, Christine King, Randolph K Carlson, Thurman K Case and William D Sherman. View Insider Buying and Selling for Cirrus Logic.

CRUS stock was bought by a variety of institutional investors in the last quarter, including Adams Asset Advisors LLC, Empowered Funds LLC and Fox Run Management L.L.C.. View Insider Buying and Selling for Cirrus Logic.

Shares of CRUS can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Scottrade, Fidelity and Charles Schwab.

One share of CRUS stock can currently be purchased for approximately $40.52.

Cirrus Logic has a market capitalization of $2.50 billion and generates $1.53 billion in revenue each year. The semiconductor company earns $161.99 million in net income (profit) each year or $3.69 on an earnings per share basis. Cirrus Logic employs 1,596 workers across the globe.

Cirrus Logic's mailing address is 800 WEST 6TH STREET, AUSTIN TX, 78701. The semiconductor company can be reached via phone at 512-851-4000 or via email at [email protected]