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Cirrus Logic Stock Price, Forecast & Analysis (NASDAQ:CRUS)

$69.64
-0.83 (-1.18 %)
(As of 11/21/2019 04:00 PM ET)
Today's Range
$69.37
Now: $69.64
$70.72
50-Day Range
$52.14
MA: $61.72
$73.00
52-Week Range
$31.25
Now: $69.64
$73.50
Volume601,524 shs
Average Volume705,033 shs
Market Capitalization$4.03 billion
P/E Ratio33.97
Dividend YieldN/A
Beta0.91
Cirrus Logic, Inc, a fabless semiconductor company, develops, manufactures, and markets analog and mixed-signal integrated circuits (ICs) for a range of consumer and industrial markets. The company offers portable and non-portable audio, and other products. Its products include analog and mixed-signal audio converters, and digital signal processing products for mobile applications; codecs-chips that integrate analog-to-digital converters and digital-to-analog converters into a single IC; smart codecs, a codec with digital signal processer; boosted amplifiers; micro-electromechanical systems microphones; digital interface products; and standalone digital signal processors. Read More…

Industry, Sector and Symbol

Industry Semiconductors & related devices
Sub-IndustrySemiconductors
SectorComputer and Technology
Current SymbolNASDAQ:CRUS
CUSIP17275510
Phone512-851-4000

Debt

Price-To-Earnings

Sales & Book Value

Annual Sales$1.19 billion
Cash Flow$3.34 per share
Book Value$19.28 per share

Profitability

Net Income$89.99 million

Miscellaneous

Employees1,551
Market Cap$4.03 billion
Next Earnings Date1/29/2020 (Estimated)
OptionableOptionable

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Cirrus Logic (NASDAQ:CRUS) Frequently Asked Questions

What is Cirrus Logic's stock symbol?

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

How will Cirrus Logic's stock buyback program work?

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

How were Cirrus Logic's earnings last quarter?

Cirrus Logic, Inc. (NASDAQ:CRUS) issued its earnings results on Wednesday, October, 30th. The semiconductor company reported $1.55 earnings per share for the quarter, topping the Zacks' consensus estimate of $0.94 by $0.61. The semiconductor company had revenue of $389 million for the quarter, compared to analyst estimates of $320.37 million. Cirrus Logic had a net margin of 9.81% and a return on equity of 13.04%. Cirrus Logic's revenue for the quarter was up 6.2% compared to the same quarter last year. During the same period in the prior year, the business posted $1.08 earnings per share. View Cirrus Logic's Earnings History.

When is Cirrus Logic's next earnings date?

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

What price target have analysts set for CRUS?

9 equities research analysts have issued 12-month price targets for Cirrus Logic's stock. Their forecasts range from $46.00 to $80.00. On average, they anticipate Cirrus Logic's share price to reach $61.00 in the next year. This suggests that the stock has a possible downside of 12.4%. View Analyst Price Targets for Cirrus Logic.

What is the consensus analysts' recommendation 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.

What are Wall Street analysts saying about Cirrus Logic stock?

Here are some recent quotes from research analysts about Cirrus Logic stock:
  • 1. According to Zacks Investment Research, "Cirrus Logic is benefiting from robust demand for amplifiers and smart codecs shipping in smartphones. The company is gaining from its steadfast execution target, a wider customer base and efforts to capitalize on solid demand for powerful audio and voice components. Penetration in the Android market is also a key driver. The company is further gaining momentum from the haptic driver product line as it forays into the adjacent markets beyond audio and voice. Also, growth opportunities in digital headsets, MEMS microphones and voice biometrics are likely to be the key catalysts. Estimates have been stable ahead of the company's Q2 earnings release. The company has positive record of earnings surprises in recent quarters. However, weak sales of portable audio products are a persistent threat to the company." (10/29/2019)
  • 2. Needham & Company LLC analysts commented, "As part of our AI / IoT call series, we hosted a well- attended call with to discuss the company’s voice biometrics initiative. Voice as an interface has grown over the past 5 years. Specifically, the adoption of voice trigger has accelerated; however, reliable authentication continues to pose a serious issue. Although we are in the early innings of voice biometrics business, we believe CRUS is well-positioned to solve user authentication through a combination of software and custom silicon to meet the various needs of its smartphone OEM customers." (11/21/2018)

Has Cirrus Logic been receiving favorable news coverage?

News stories about CRUS stock have been trending positive recently, InfoTrie Sentiment Analysis reports. The research firm rates the sentiment of press coverage by analyzing more than six thousand news and blog sources. The firm ranks coverage of publicly-traded companies on a scale of negative five to positive five, with scores closest to five being the most favorable. Cirrus Logic earned a news sentiment score of 3.0 on InfoTrie's scale. They also assigned press coverage about the semiconductor company a news buzz of 10.0 out of 10, meaning that recent press coverage is extremely likely to have an impact on the stock's share price in the near future. View News Stories for Cirrus Logic.

Who are some of Cirrus Logic's key competitors?

What other stocks do shareholders of Cirrus Logic own?

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).

Who are Cirrus Logic's key executives?

Cirrus Logic's management team includes the folowing people:
  • Dr. Jason P. Rhode, Pres, CEO & Director (Age 49)
  • Mr. Thurman K. Case, CFO, Chief Accounting Officer & VP (Age 62)
  • Mr. Gregory Scott Thomas, Sr. VP, Gen. Counsel & Corp. Sec. (Age 53)
  • Ms. Jo-Dee M. Benson, Chief Culture Officer & VP (Age 59)
  • Mr. Scott A. Anderson, Sr. VP of Supply Chain & Engineering Operations (Age 65)

Who are Cirrus Logic's major shareholders?

Cirrus Logic's stock is owned by a number of of institutional and retail investors. Top institutional investors include Letko Brosseau & Associates Inc. (1.05%), Russell Investments Group Ltd. (0.74%), Smith Graham & Co. Investment Advisors LP (0.35%), Rhumbline Advisers (0.33%), Hancock Whitney Corp (0.25%) and California Public Employees Retirement System (0.22%). 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.

Which institutional investors are selling Cirrus Logic stock?

CRUS stock was sold by a variety of institutional investors in the last quarter, including Great Lakes Advisors LLC, Hancock Whitney Corp, Robeco Institutional Asset Management B.V., ARP Americas LP, Russell Investments Group Ltd., Alberta Investment Management Corp, Letko Brosseau & Associates Inc. and Chicago Equity Partners LLC. 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.

Which institutional investors are buying Cirrus Logic stock?

CRUS stock was bought by a variety of institutional investors in the last quarter, including State of New Jersey Common Pension Fund D, Mackay Shields LLC, Hussman Strategic Advisors Inc., Envestnet Asset Management Inc., California Public Employees Retirement System, Comerica Bank, State of Alaska Department of Revenue and Boston Advisors LLC. View Insider Buying and Selling for Cirrus Logic.

How do I buy shares of 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.

What is Cirrus Logic's stock price today?

One share of CRUS stock can currently be purchased for approximately $69.64.

How big of a company is Cirrus Logic?

Cirrus Logic has a market capitalization of $4.03 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.

What is Cirrus Logic's official website?

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

How can I contact Cirrus Logic?

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]


MarketBeat Community Rating for Cirrus Logic (NASDAQ CRUS)

Community Ranking:  3.0 out of 5 (star star star)
Outperform Votes:  626 (Vote Outperform)
Underperform Votes:  414 (Vote Underperform)
Total Votes:  1,040
MarketBeat's community ratings are surveys of what our community members think about Cirrus Logic and other stocks. Vote "Outperform" if you believe CRUS will outperform the S&P 500 over the long term. Vote "Underperform" if you believe CRUS will underperform the S&P 500 over the long term. You may vote once every thirty days.
This page was last updated on 11/21/2019 by MarketBeat.com Staff

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