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

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

Cirrus Logic declared that its Board of Directors has initiated a share buyback program 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 repurchase shares of its stock through open market purchases. Stock buyback programs are typically a sign that the company's management believes its shares are undervalued.

Cirrus Logic, Inc. (NASDAQ:CRUS) issued its quarterly earnings data on Wednesday, May, 2nd. The semiconductor company reported $0.51 EPS for the quarter, missing analysts' consensus estimates of $0.58 by $0.07. The semiconductor company earned $303.20 million during the quarter, compared to the consensus estimate of $316.57 million. Cirrus Logic had a return on equity of 20.50% and a net margin of 10.57%. Cirrus Logic's revenue was down 7.5% compared to the same quarter last year. During the same quarter in the prior year, the business posted $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 Wall Street analysts have issued 12-month price targets for Cirrus Logic's shares. Their forecasts range from $32.00 to $80.00. On average, they expect Cirrus Logic's stock price to reach $53.1111 in the next year. This suggests a possible upside of 29.6% 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 in 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 trading volume, of 1,431,242 shares, the short-interest ratio is currently 5.2 days. Currently, 12.4% of the shares of the company are sold short. 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), SUMCO Corp/ADR (SUOPY), Cavium (CAVM), Cypress Semiconductor (CY), Monolithic Power Systems (MPWR), Semiconductor Manufacturing Int'l (SMI), First Solar (FSLR), Siliconware Precision Industries (SPIL), Cree (CREE), Silicon Laboratories (SLAB), Mellanox Technologies (MLNX), Integrated Device Technology (IDTI) and AU Optronics (AUO).

News stories about CRUS stock have trended somewhat positive recently, according to Accern Sentiment Analysis. The research group rates the sentiment of press coverage by monitoring more than 20 million news and blog sources in real-time. Accern ranks coverage of publicly-traded companies on a scale of negative one to one, with scores nearest to one being the most favorable. Cirrus Logic earned a coverage optimism score of 0.09 on Accern's scale. They also gave headlines about the semiconductor company an impact score of 46.32 out of 100, meaning that recent press coverage is somewhat unlikely to have an impact on the company's share price in the next several days.

Cirrus Logic's stock is owned by a variety of of retail and institutional investors. Top institutional investors 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 Juncture Wealth Strategies LLC (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, 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 acquired 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 $40.97.

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]