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 approved a share repurchase program on Tuesday, February 6th 2018, which permits the company to buyback $200,000,000.00 in shares, according to EventVestor. This buyback authorization permits the company to buy shares of its stock through open market purchases. Stock buyback programs are usually an indication that the company's management believes its stock is undervalued.

Cirrus Logic, Inc. (NASDAQ:CRUS) issued its quarterly earnings data on Wednesday, May, 2nd. The semiconductor company reported $0.51 earnings per share for the quarter, missing the Thomson Reuters' consensus estimate of $0.58 by $0.07. The semiconductor company had revenue of $303.20 million for 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%. The company's quarterly revenue was down 7.5% on a year-over-year basis. During the same quarter in the previous year, the firm earned $0.85 earnings per share. View Cirrus Logic's Earnings History.

Cirrus Logic is scheduled to release their next quarterly earnings announcement on Tuesday, July, 31st 2018. View Earnings Estimates for Cirrus Logic.

10 analysts have issued 12-month price targets for Cirrus Logic's shares. Their predictions range from $32.00 to $80.00. On average, they expect Cirrus Logic's stock price to reach $55.30 in the next year. View Analyst Ratings for Cirrus Logic.

Some companies that are related to Cirrus Logic include Microsemi (MSCC), United Microelectronics (UMC), Semiconductor Manufacturing Int'l (SMI), Cypress Semiconductor (CY), SUMCO Corp/ADR (SUOPY), Monolithic Power Systems (MPWR), Cavium (CAVM), First Solar (FSLR), Siliconware Precision Industries (SPIL), Cree (CREE), Mellanox Technologies (MLNX), Silicon Laboratories (SLAB), Integrated Device Technology (IDTI), AU Optronics (AUO) and Advantest (ATEYY).

Media coverage about CRUS stock has been trending somewhat positive recently, Accern Sentiment reports. The research group rates the sentiment of media coverage by reviewing more than twenty 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 news impact score of 0.11 on Accern's scale. They also assigned news headlines about the semiconductor company an impact score of 45.24 out of 100, indicating that recent media 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 number of of retail and institutional investors. Top institutional investors include BlackRock Inc. (12.43%), LSV Asset Management (5.12%), Dimensional Fund Advisors LP (3.05%), Northern Trust Corp (1.79%), Old Mutual Global Investors UK Ltd. (1.26%) and Schroder Investment Management Group (0.83%). 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 Prudential Financial Inc., Old Mutual Global Investors UK Ltd., Burney Co., Russell Investments Group Ltd., New Amsterdam Partners LLC NY, Allianz Asset Management GmbH, Allianz Asset Management GmbH and A.R.T. Advisors 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 purchased by a variety of institutional investors in the last quarter, including BlackRock Inc., Dimensional Fund Advisors LP, Millennium Management LLC, Seven Eight Capital LP, UBS Group AG, Federated Investors Inc. PA, Spark Investment Management LLC and Harvest Capital Strategies 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 $37.60.

Cirrus Logic has a market capitalization of $2.29 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]