NASDAQ:CRUS - Cirrus Logic Stock Price, News, Headlines & Rumors

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

Cirrus Logic announced that its Board of Directors has initiated a stock buyback plan on Tuesday, February 6th 2018, which allows the company to repurchase $200,000,000.00 in outstanding shares, according to EventVestor. This repurchase authorization allows the company to reacquire shares of its stock through open market purchases. Shares repurchase plans are often a sign that the company's board of directors believes its stock is undervalued.

Cirrus Logic, Inc. (NASDAQ:CRUS) posted its earnings results on Wednesday, August, 1st. The semiconductor company reported $0.28 EPS for the quarter, beating the Zacks' consensus estimate of ($0.08) by $0.36. The semiconductor company earned $254.48 million during the quarter, compared to analysts' expectations of $231.38 million. Cirrus Logic had a return on equity of 17.46% and a net margin of 7.83%. Cirrus Logic's revenue was down 20.7% compared to the same quarter last year. During the same quarter in the previous year, the firm 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.

11 equities research analysts have issued 1 year price targets for Cirrus Logic's shares. Their forecasts range from $32.00 to $80.00. On average, they anticipate Cirrus Logic's stock price to reach $54.10 in the next year. This suggests a possible upside of 28.7% from the stock's current price. View Analyst Price Targets for Cirrus Logic.

11 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 7 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 ASE INDL HLDG C/S (ASX), ON Semiconductor (ON), IPG Photonics (IPGP), Microsemi (MSCC), United Microelectronics (UMC), SUMCO Corp/ADR (SUOPY), Cypress Semiconductor (CY), Cavium (CAVM), Monolithic Power Systems (MPWR), Semiconductor Manufacturing Int'l (SMI), First Solar (FSLR), Siliconware Precision Industries (SPIL), Cree (CREE), Integrated Device Technology (IDTI) and Mellanox Technologies (MLNX).

News headlines about CRUS stock have been trending somewhat positive recently, Accern Sentiment reports. Accern identifies positive and negative news coverage by analyzing more than twenty million news and blog sources in real-time. Accern ranks coverage of public companies on a scale of -1 to 1, with scores closest to one being the most favorable. Cirrus Logic earned a coverage optimism score of 0.14 on Accern's scale. They also gave news stories about the semiconductor company an impact score of 48.33 out of 100, meaning that recent news coverage is somewhat unlikely to have an impact on the company's share price in the near future. View Recent Headlines for Cirrus Logic.

Cirrus Logic's stock is owned by a variety of of retail and institutional investors. Top institutional investors include BlackRock Inc. (13.91%), FMR LLC (5.50%), LSV Asset Management (5.29%), Dimensional Fund Advisors LP (3.49%), Bank of New York Mellon Corp (2.09%) and Macquarie Group Ltd. (1.29%). 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 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, Bank of New York Mellon Corp, BlueMountain Capital Management LLC, American Century Companies Inc., Connor Clark & Lunn Investment Management Ltd., Alambic Investment Management L.P., Russell Investments Group Ltd. and Federated Investors Inc. PA. Company insiders that have sold Cirrus Logic company stock in the last year include Andrew Brannan, Bradley J Fluke, Christine King, Randolph K Carlson 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 BlackRock Inc., Letko Brosseau & Associates Inc., Dimensional Fund Advisors LP, First Trust Advisors LP, Royce & Associates LP, Ontario Teachers Pension Plan Board, Renaissance Technologies LLC and Engineers Gate Manager LP. 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 $42.02.

Cirrus Logic has a market capitalization of $2.57 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]