NASDAQ:CRUS - Cirrus Logic Stock Price, News, & Analysis

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

Cirrus Logic declared that its Board of Directors has authorized a stock repurchase program on Tuesday, February 6th 2018, which permits the company to repurchase $200,000,000.00 in outstanding shares, according to EventVestor. This repurchase authorization permits the company to purchase shares of its stock through open market purchases. Shares repurchase programs are often a sign that the company's management believes its stock is undervalued.

Cirrus Logic, Inc. (NASDAQ:CRUS) posted its earnings results on Thursday, November, 1st. The semiconductor company reported $1.08 earnings per share for the quarter, beating the consensus estimate of $0.74 by $0.34. The semiconductor company had revenue of $366.30 million for the quarter, compared to analysts' expectations of $330.27 million. Cirrus Logic had a net margin of 7.09% and a return on equity of 15.55%. The company's revenue was down 13.9% on a year-over-year basis. During the same period last year, the company earned $1.36 earnings per share. View Cirrus Logic's Earnings History.

Cirrus Logic is scheduled to release their next quarterly earnings announcement on Monday, February 4th 2019. View Earnings Estimates for Cirrus Logic.

9 analysts have issued 12 month target prices for Cirrus Logic's stock. Their forecasts range from $30.00 to $60.00. On average, they expect Cirrus Logic's stock price to reach $47.3750 in the next twelve months. This suggests a possible upside of 26.3% from the stock's current price. View Analyst Price Targets for Cirrus Logic.

9 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 5 buy ratings for the stock, resulting in a consensus recommendation of "Hold." View Analyst Ratings for Cirrus Logic.

Headlines about CRUS stock have been trending somewhat positive recently, according to InfoTrie. The research group ranks the sentiment of news coverage by analyzing more than six thousand news and blog sources. The firm ranks coverage of publicly-traded companies on a scale of -5 to 5, with scores nearest to five being the most favorable. Cirrus Logic earned a news sentiment score of 1.9 on InfoTrie's scale. They also gave press coverage about the semiconductor company a news buzz of 10.0 out of 10, indicating that recent news coverage is extremely likely to have an impact on the stock's share price in the immediate future.

Some companies that are related to Cirrus Logic include Qorvo (QRVO), ASE Technology (ASX), ON Semiconductor (ON), IPG Photonics (IPGP), Integrated Device Technology (IDTI), Monolithic Power Systems (MPWR), Cypress Semiconductor (CY), Mellanox Technologies (MLNX), First Solar (FSLR), Cree (CREE), United Microelectronics (UMC), SUMCO Corp/ADR (SUOPY), Semiconductor Manufacturing Int'l (SMI), AU Optronics (AUO) and Silicon Laboratories (SLAB).

Cirrus Logic's stock is owned by a number of of institutional and retail investors. Top institutional shareholders include BlackRock Inc. (12.58%), LSV Asset Management (5.49%), AQR Capital Management LLC (4.62%), FMR LLC (4.40%), Dimensional Fund Advisors LP (3.80%) and Bank of New York Mellon Corp (2.42%). Company insiders that own Cirrus Logic stock include Alan R Schuele, Andrew Brannan, Bradley J Fluke, Christine King, Randolph K Carlson, Rashpal Sahota, Scott Arnold Anderson, Scott Thomas, Thurman K Case, Timothy R Dehne 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 BlackRock Inc., FMR LLC, Deutsche Bank AG, Schroder Investment Management Group, Chicago Equity Partners LLC, Jane Street Group LLC, TIAA CREF Investment Management LLC and Man Group plc. Company insiders that have sold Cirrus Logic company stock in the last year include Christine King, Randolph K Carlson, Timothy R Dehne and William D Sherman. View Insider Buying and Selling for Cirrus Logic.

CRUS stock was purchased by a variety of institutional investors in the last quarter, including JPMorgan Chase & Co., JPMorgan Chase & Co., Franklin Resources Inc., Partner Fund Management L.P., Prudential Financial Inc., Royce & Associates LP, Russell Investments Group Ltd. and BlueMountain Capital Management LLC. 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 $37.51.

Cirrus Logic has a market capitalization of $2.32 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.

The official website for Cirrus Logic is http://www.cirrus.com.

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]