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

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$40.52 -0.39 (-0.95 %)
(As of 07/20/2018 04:00 PM ET)
Previous Close$40.52
Today's Range$40.23 - $41.20
52-Week Range$34.78 - $66.87
Volume507,715 shs
Average Volume1.05 million shs
Market Capitalization$2.49 billion
P/E Ratio10.98
Dividend YieldN/A
Beta0.26
Cirrus Logic logoCirrus 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. The company also provides SoundClear technology, which consists of a portfolio of tools, software, and algorithms that offer enhanced voice quality, voice capture, and audio playback features. It provides its products for portable applications, including smartphones, tablets, digital headsets, and speakers, as well as for wearables, such as smart watches and smart bands, VR headsets, and action cameras. The company's products are also used in laptops, audio/video receivers, home theater systems, set-up boxes, musical instruments, and professional audio products applications; and serve the automotive market, which include satellite radio systems, telematics, and multi-speaker car-audio systems. In addition, the company's products are used in industrial and energy-related applications, including digital utility meter, power supply, energy control, energy measurement, and energy exploration applications. It markets and sells its products through direct sales force, external sales representatives, and distributors in the United States and internationally. Cirrus Logic, Inc. was founded in 1984 and is headquartered in Austin, Texas.

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Industry, Sector and Symbol

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

Debt

Debt-to-Equity RatioN/A
Current Ratio4.38
Quick Ratio2.91

Price-To-Earnings

Trailing P/E Ratio10.98
Forward P/E Ratio15.71
P/E Growth1.43

Sales & Book Value

Annual Sales$1.53 billion
Price / Sales1.61
Cash Flow$5.0777 per share
Price / Cash7.98
Book Value$18.33 per share
Price / Book2.21

Profitability

EPS (Most Recent Fiscal Year)$3.69
Net Income$161.99 million
Net Margins10.57%
Return on Equity20.50%
Return on Assets16.89%

Miscellaneous

Employees1,596
Outstanding Shares60,990,000
Market Cap$2,494.89

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 has approved a stock buyback plan on Tuesday, February 6th 2018, which permits the company to buyback $200,000,000.00 in outstanding shares, according to EventVestor. This buyback authorization permits the company to reacquire shares of its stock through open market purchases. Shares buyback plans are generally an indication that the company's board believes its shares are undervalued.

How were Cirrus Logic's earnings last quarter?

Cirrus Logic, Inc. (NASDAQ:CRUS) posted its earnings results 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 had revenue of $303.20 million for the quarter, compared to analyst estimates of $316.57 million. Cirrus Logic had a net margin of 10.57% and a return on equity of 20.50%. The company's revenue was down 7.5% compared to the same quarter last year. During the same quarter in the previous year, the business earned $0.85 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, August, 1st 2018. View Earnings Estimates for Cirrus Logic.

What price target have analysts set for CRUS?

10 brokerages have issued twelve-month price targets for Cirrus Logic's shares. Their predictions range from $32.00 to $80.00. On average, they expect Cirrus Logic's share price to reach $53.1111 in the next year. This suggests a possible upside of 31.1% from the stock's current price. View Analyst Ratings for Cirrus Logic.

What is the consensus analysts' recommendation 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."

Are investors shorting Cirrus Logic?

Cirrus Logic saw a decrease in short interest in June. As of June 29th, there was short interest totalling 7,504,149 shares, a decrease 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 days-to-cover ratio is presently 5.2 days. Approximately 12.4% of the company's shares are sold short. View Cirrus Logic's Current Options Chain.

Who are some of Cirrus Logic's key competitors?

Who are Cirrus Logic's key executives?

Cirrus Logic's management team includes the folowing people:
  • Dr. Jason P. Rhode, CEO, Pres & Director (Age 48)
  • Mr. Thurman K. Case, CFO, Chief Accounting Officer & VP (Age 61)
  • Mr. Gregory Scott Thomas, Sr. VP, Gen. Counsel & Corp. Sec. (Age 52)
  • Ms. Jo-Dee M. Benson, Chief Culture Officer & VP (Age 58)
  • Mr. Scott A. Anderson, Sr. VP & GM of Mixed-Signal Audio Division (Age 64)

Has Cirrus Logic been receiving favorable news coverage?

Press coverage about CRUS stock has trended somewhat positive recently, Accern Sentiment reports. The research group scores the sentiment of news coverage by reviewing more than twenty million news and blog sources in real time. Accern ranks coverage of companies on a scale of -1 to 1, with scores closest to one being the most favorable. Cirrus Logic earned a media sentiment score of 0.11 on Accern's scale. They also assigned news headlines about the semiconductor company an impact score of 45.11 out of 100, indicating that recent news coverage is somewhat unlikely to have an impact on the stock's share price in the next few days.

Who are Cirrus Logic's major shareholders?

Cirrus Logic's stock is owned by a variety of of retail and institutional investors. Top institutional shareholders 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 Municipal Employees Retirement System of Michigan (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.

Which institutional investors are selling Cirrus Logic stock?

CRUS stock was sold by a variety of institutional investors in the last quarter, including Empirical Finance LLC, Peregrine Capital Management LLC, Municipal Employees Retirement System of Michigan, 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.

Which institutional investors are buying Cirrus Logic stock?

CRUS stock was purchased 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.

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, Scottrade, Fidelity and Charles Schwab.

What is Cirrus Logic's stock price today?

One share of CRUS stock can currently be purchased for approximately $40.52.

How big of a company is Cirrus Logic?

Cirrus Logic has a market capitalization of $2.49 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.

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:  3.2 out of 5 (star star star)
Outperform Votes:  523 (Vote Outperform)
Underperform Votes:  296 (Vote Underperform)
Total Votes:  819
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 7/21/2018 by MarketBeat.com Staff

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