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 has authorized a share buyback plan on Tuesday, February 6th 2018, which authorizes the company to buyback $200,000,000.00 in outstanding shares, according to EventVestor. This buyback authorization authorizes the company to purchase shares of its stock through open market purchases. Shares buyback plans are generally an indication that the company's leadership believes its shares are undervalued.

Cirrus Logic, Inc. (NASDAQ:CRUS) announced its earnings results on Wednesday, August, 1st. The semiconductor company reported $0.28 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of ($0.08) by $0.36. The semiconductor company earned $254.48 million during the quarter, compared to analyst estimates of $231.38 million. Cirrus Logic had a net margin of 7.83% and a return on equity of 17.46%. The company's quarterly revenue was down 20.7% compared to the same quarter last year. During the same period in the prior year, the company posted $0.81 EPS. View Cirrus Logic's Earnings History.

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

10 Wall Street analysts have issued 12-month price targets for Cirrus Logic's stock. Their forecasts range from $32.00 to $80.00. On average, they expect Cirrus Logic's stock price to reach $54.10 in the next year. This suggests a possible upside of 38.8% from the stock's current price. View Analyst Price Targets 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." View Analyst Ratings for Cirrus Logic.

Some companies that are related to Cirrus Logic include Qorvo (QRVO), Marvell Technology Group (MRVL), IPG Photonics (IPGP), ON Semiconductor (ON), Microsemi (MSCC), United Microelectronics (UMC), Integrated Device Technology (IDTI), Cavium (CAVM), Monolithic Power Systems (MPWR), Cypress Semiconductor (CY), Siliconware Precision Industries (SPIL), Semiconductor Manufacturing Int'l (SMI), First Solar (FSLR), Cree (CREE) and AU Optronics (AUO).

Media coverage about CRUS stock has been trending somewhat positive recently, according to Accern Sentiment Analysis. The research firm ranks the sentiment of news coverage by reviewing more than twenty million blog and news sources in real-time. Accern ranks coverage of publicly-traded companies on a scale of negative one to positive one, with scores closest to one being the most favorable. Cirrus Logic earned a coverage optimism score of 0.18 on Accern's scale. They also gave media coverage about the semiconductor company an impact score of 46.57 out of 100, indicating that recent news coverage is somewhat unlikely to have an effect on the company's share price in the next several days. View Recent Headlines for Cirrus Logic.

Cirrus Logic's stock is owned by a number of of retail and institutional investors. Top institutional shareholders include BlackRock Inc. (13.91%), FMR LLC (5.50%), FMR LLC (5.50%), LSV Asset Management (5.29%), Dimensional Fund Advisors LP (3.49%) and Bank of New York Mellon Corp (2.09%). Company insiders that own Cirrus Logic stock include Alan R Schuele, Alexander M Davern, Andrew Brannan, Bradley J Fluke, Christine King, Jason P Rhode, John C Carter, 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 FMR LLC, FMR LLC, Bank of New York Mellon Corp, Bank of New York Mellon Corp, BlueMountain Capital Management LLC, Millennium Management LLC, American Century Companies Inc. and Connor Clark & Lunn Investment Management Ltd.. Company insiders that have sold Cirrus Logic company stock in the last year include Bradley J Fluke, Christine King, Randolph K Carlson, Timothy R Dehne 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 Partner Fund Management L.P., BlackRock Inc., Letko Brosseau & Associates Inc., Dimensional Fund Advisors LP, Her Majesty the Queen in Right of the Province of Alberta as represented by Alberta Investment Management Corp, First Trust Advisors LP, Royce & Associates LP and Ontario Teachers Pension Plan Board. 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 $38.99.

Cirrus Logic has a market capitalization of $2.42 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]