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

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

Cirrus Logic declared that its Board of Directors has approved a share buyback program on Wednesday, January 30th 2019, which authorizes the company to repurchase $200,000,000.00 in outstanding shares, according to EventVestor. This repurchase authorization authorizes the company to repurchase up to 8.9% of its stock through open market purchases. Stock repurchase programs are generally a sign that the company's board of directors believes its shares are undervalued.

Cirrus Logic, Inc. (NASDAQ:CRUS) announced its quarterly earnings results on Wednesday, October, 30th. The semiconductor company reported $1.55 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.94 by $0.61. The semiconductor company earned $389 million during the quarter, compared to the consensus estimate of $320.37 million. Cirrus Logic had a return on equity of 13.04% and a net margin of 9.81%. The company's revenue for the quarter was up 6.2% on a year-over-year basis. During the same period in the previous year, the firm earned $1.08 EPS. View Cirrus Logic's Earnings History.

Cirrus Logic is scheduled to release their next quarterly earnings announcement on Wednesday, January 29th 2020. View Earnings Estimates for Cirrus Logic.

9 equities research analysts have issued 12 month price targets for Cirrus Logic's shares. Their forecasts range from $46.00 to $80.00. On average, they expect Cirrus Logic's stock price to reach $58.25 in the next year. This suggests that the stock has a possible downside of 21.4%. 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 1 sell rating, 5 hold ratings and 3 buy ratings for the stock, resulting in a consensus recommendation of "Hold." View Analyst Ratings for Cirrus Logic.

Media headlines about CRUS stock have trended negative recently, InfoTrie Sentiment Analysis reports. InfoTrie identifies negative and positive news coverage by monitoring more than six thousand blog and news sources. The firm ranks coverage of companies on a scale of -5 to 5, with scores closest to five being the most favorable. Cirrus Logic earned a coverage optimism score of -2.6 on InfoTrie's scale. They also gave headlines about the semiconductor company a news buzz of 10.0 out of 10, indicating that recent news coverage is extremely likely to have an effect on the company's share price in the next several days. View News Stories for Cirrus Logic.

Some companies that are related to Cirrus Logic include Intel (INTC), NVIDIA (NVDA), Broadcom (AVGO), Texas Instruments (TXN), Micron Technology (MU), Analog Devices (ADI), Microchip Technology (MCHP), Xilinx (XLNX), Skyworks Solutions (SWKS), Marvell Technology Group (MRVL), Maxim Integrated Products (MXIM), Cypress Semiconductor (CY), Monolithic Power Systems (MPWR), First Solar (FSLR) and Cree (CREE).

Based on aggregate information from My MarketBeat watchlists, some companies that other Cirrus Logic investors own include Hawkins (HWKN), Micron Technology (MU), CA (CA), Netflix (NFLX), NVIDIA (NVDA), Intel (INTC), Alphabet (GOOG), Skyworks Solutions (SWKS), Alibaba Group (BABA) and Starbucks (SBUX).

Cirrus Logic's stock is owned by many different of retail and institutional investors. Top institutional shareholders include State Street Corp (3.63%), Letko Brosseau & Associates Inc. (1.05%), Man Group plc (0.97%), Russell Investments Group Ltd. (0.74%), Millennium Management LLC (0.65%) and Smith Graham & Co. Investment Advisors LP (0.35%). Company insiders that own Cirrus Logic stock include Bradley J Fluke, Christine King, David J Tupman, Jason P Rhode, John C Carter, John Forsyth, Randolph K Carlson, 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 Great Lakes Advisors LLC, Man Group plc, State Street Corp, Hancock Whitney Corp, Robeco Institutional Asset Management B.V., ARP Americas LP, Russell Investments Group Ltd. and Stifel Financial Corp. Company insiders that have sold Cirrus Logic company stock in the last year include Bradley J Fluke, David J Tupman, Jason P Rhode, John C Carter, John Forsyth, Randolph K Carlson, Scott Arnold Anderson, Scott Thomas, Thurman K Case and Timothy R Dehne. View Insider Buying and Selling for Cirrus Logic.

CRUS stock was bought by a variety of institutional investors in the last quarter, including Millennium Management LLC, State of New Jersey Common Pension Fund D, Mackay Shields LLC, Hussman Strategic Advisors Inc., Voloridge Investment Management LLC, Envestnet Asset Management Inc., California Public Employees Retirement System and Comerica Bank. 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, Robinhood, Fidelity and Charles Schwab.

One share of CRUS stock can currently be purchased for approximately $74.12.

Cirrus Logic has a market capitalization of $4.28 billion and generates $1.19 billion in revenue each year. The semiconductor company earns $89.99 million in net income (profit) each year or $2.05 on an earnings per share basis. Cirrus Logic employs 1,551 workers across the globe.View Additional Information About Cirrus Logic.

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]