NASDAQ:CRUS - Cirrus Logic Stock Price, News, & Analysis

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

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

Cirrus Logic, Inc. (NASDAQ:CRUS) released its quarterly earnings data on Wednesday, January, 30th. The semiconductor company reported $0.91 EPS for the quarter, beating the Zacks' consensus estimate of $0.78 by $0.13. The semiconductor company had revenue of $324.30 million for the quarter, compared to the consensus estimate of $319.37 million. Cirrus Logic had a return on equity of 11.88% and a net margin of 7.68%. The company's revenue was down 32.8% compared to the same quarter last year. During the same period in the prior year, the firm earned $1.59 earnings per share. View Cirrus Logic's Earnings History.

Cirrus Logic is scheduled to release their next quarterly earnings announcement on Wednesday, May 1st 2019. View Earnings Estimates for Cirrus Logic.

Cirrus Logic updated its fourth quarter 2019 earnings guidance on Wednesday, January, 30th. The company provided EPS guidance of for the period. The company issued revenue guidance of $200-240 million, compared to the consensus revenue estimate of $274.64 million.

8 brokerages have issued 1 year price objectives for Cirrus Logic's stock. Their forecasts range from $29.00 to $59.00. On average, they expect Cirrus Logic's share price to reach $42.1429 in the next year. This suggests a possible upside of 7.2% from the stock's current price. View Analyst Price Targets for Cirrus Logic.

8 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Cirrus Logic in the last year. There are currently 2 sell ratings, 3 hold ratings and 3 buy ratings for the stock, resulting in a consensus recommendation of "Hold." View Analyst Ratings for Cirrus Logic.

Press coverage about CRUS stock has been trending somewhat positive recently, InfoTrie reports. The research firm identifies negative and positive media coverage by reviewing more than six thousand news and blog sources in real-time. The firm ranks coverage of companies on a scale of negative five to five, with scores nearest to five being the most favorable. Cirrus Logic earned a daily sentiment score of 0.6 on InfoTrie's scale. They also gave headlines about the semiconductor company a news buzz of 1.0 out of 10, meaning that recent media coverage is extremely unlikely to have an effect on the company's share price in the immediate future.

Some companies that are related to Cirrus Logic include ASE Technology (ASX), IPG Photonics (IPGP), Qorvo (QRVO), Integrated Device Technology (IDTI), Monolithic Power Systems (MPWR), Cypress Semiconductor (CY), First Solar (FSLR), Mellanox Technologies (MLNX), Cree (CREE), Advantest (ATEYY), Semiconductor Manufacturing Int'l (SMI), United Microelectronics (UMC), SUMCO CORP/ADR (SUOPY), Silicon Laboratories (SLAB) and Semtech (SMTC).

Based on aggregate information from My MarketBeat watchlists, some companies that other Cirrus Logic investors own include Micron Technology (MU), Netflix (NFLX), NVIDIA (NVDA), Intel (INTC), Alibaba Group (BABA), Skyworks Solutions (SWKS), Hawkins (HWKN), Home Depot (HD), Alphabet (GOOG) and Starbucks (SBUX).

Cirrus Logic's stock is owned by a number of of institutional and retail investors. Top institutional shareholders include BlackRock Inc. (12.96%), LSV Asset Management (5.51%), Dimensional Fund Advisors LP (3.78%), Northern Trust Corp (1.80%), Bank of New York Mellon Corp (1.73%) and Geode Capital Management LLC (1.38%). Company insiders that own Cirrus Logic stock include Alan R Schuele, Andrew Brannan, Bradley J Fluke, Christine King, Randolph K Carlson, Scott Arnold Anderson, Thurman K Case, Timothy R Dehne 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 Bank of New York Mellon Corp, KBC Group NV, First Trust Advisors LP, Squarepoint Ops LLC, Dimensional Fund Advisors LP, Raymond James & Associates, Her Majesty the Queen in Right of the Province of Alberta as represented by Alberta Investment Management Corp and Two Sigma Advisers LP. Company insiders that have sold Cirrus Logic company stock in the last year include Randolph K Carlson, Scott Arnold Anderson, Timothy R Dehne 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 Prudential Financial Inc., Millennium Management LLC, BlackRock Inc., New Amsterdam Partners LLC NY, Hsbc Holdings PLC, Ontario Teachers Pension Plan Board, Rhumbline Advisers and Alambic Investment Management L.P.. 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 $39.31.

Cirrus Logic has a market capitalization of $2.32 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.

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

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]