Cirrus 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.
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Industry, Sector and Symbol
Industry Semiconductors & related devices
Sub-IndustrySemiconductors
SectorComputer and Technology
Phone512-851-4000
Debt
Price-To-Earnings
Sales & Book Value
Annual Sales$1.19 billion
Profitability
Miscellaneous
Employees1,551
Next Earnings Date11/7/2019 (Estimated)
OptionableOptionable
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 share buyback program on Wednesday, January 30th 2019, which permits the company to repurchase $200,000,000.00 in outstanding shares, according to EventVestor. This repurchase authorization permits the company to reacquire up to 8.9% of its shares through open market purchases. Shares repurchase programs are generally a sign that the company's board believes its shares are undervalued.
How were Cirrus Logic's earnings last quarter?
Cirrus Logic, Inc. (NASDAQ:CRUS) issued its earnings results on Wednesday, July, 31st. The semiconductor company reported $0.19 EPS for the quarter, topping analysts' consensus estimates of ($0.02) by $0.21. The semiconductor company had revenue of $238.25 million for the quarter, compared to the consensus estimate of $221.08 million. Cirrus Logic had a net margin of 8.46% and a return on equity of 10.96%. Cirrus Logic's revenue for the quarter was down 6.4% on a year-over-year basis. During the same period in the previous year, the business posted $0.28 earnings per share. View Cirrus Logic's Earnings History.
When is Cirrus Logic's next earnings date?
What guidance has Cirrus Logic issued on next quarter's earnings?
Cirrus Logic issued an update on its second quarter 2020 earnings guidance on Wednesday, July, 31st. The company provided earnings per share (EPS) guidance of for the period. The company issued revenue guidance of $300-340 million, compared to the consensus revenue estimate of $300.01 million.
What price target have analysts set for CRUS?
8 brokers have issued 12-month price objectives for Cirrus Logic's stock. Their predictions range from $30.00 to $62.00. On average, they expect Cirrus Logic's share price to reach $49.2857 in the next year. This suggests that the stock has a possible downside of 9.7%. View Analyst Price Targets for Cirrus Logic.
What is the consensus analysts' recommendation 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.
What are Wall Street analysts saying about Cirrus Logic stock?
Here are some recent quotes from research analysts about Cirrus Logic stock:
- 1. According to Zacks Investment Research, "Cirrus Logic’s fourth-quarter fiscal 2019 earnings and revenues trumped estimates. The company’s steadfast execution target, wider customer base and efforts to capitalize on solid demand for powerful audio and voice components are key drivers. Cirrus significantly expanded its entry in the Android market by adding a second 10% customer. Ramped-up sales of boosted amplifiers are a positive. The company is also gaining momentum from the haptic driver product line as it forays into the adjacent markets beyond audio and voice. Growth opportunities in digital headsets, MEMS microphones and voice biometrics are likely to be the key drivers in the long term. However, weak sales of portable audio products are a persistent threat to the company. The stock has underperformed the industry in the past year." (5/8/2019)
- 2. Needham & Company LLC analysts commented, "As part of our AI / IoT call series, we hosted a well- attended call with to discuss the company’s voice biometrics initiative. Voice as an interface has grown over the past 5 years. Specifically, the adoption of voice trigger has accelerated; however, reliable authentication continues to pose a serious issue. Although we are in the early innings of voice biometrics business, we believe CRUS is well-positioned to solve user authentication through a combination of software and custom silicon to meet the various needs of its smartphone OEM customers." (11/21/2018)
Has Cirrus Logic been receiving favorable news coverage?
News stories about CRUS stock have trended positive this week, InfoTrie Sentiment reports. The research firm rates the sentiment of news coverage by monitoring more than six thousand news and blog sources in real-time. The firm ranks coverage of companies on a scale of -5 to 5, with scores closest to five being the most favorable. Cirrus Logic earned a media sentiment score of 2.6 on InfoTrie's scale. They also assigned media coverage about the semiconductor company a news buzz of 4.0 out of 10, meaning that recent news coverage is somewhat unlikely to have an impact on the stock's share price in the next several days. View News Stories for Cirrus Logic.
Are investors shorting Cirrus Logic?
Cirrus Logic saw a drop in short interest in the month of July. As of July 15th, there was short interest totalling 3,694,800 shares, a drop of 9.8% from the June 15th total of 4,097,400 shares. Based on an average trading volume of 630,400 shares, the short-interest ratio is currently 5.9 days. Currently, 6.3% of the company's shares are sold short. View Cirrus Logic's Current Options Chain.
Who are some of Cirrus Logic's key competitors?
Some companies that are related to Cirrus Logic include ASE Technology (ASX), Cypress Semiconductor (CY), Qorvo (QRVO), Advantest (ATEYY), ON Semiconductor (ON), Monolithic Power Systems (MPWR), First Solar (FSLR), IPG Photonics (IPGP), Cree (CREE), Mellanox Technologies (MLNX), Semiconductor Manufacturing International (SMICY), United Microelectronics (UMC), Silicon Laboratories (SLAB), Solaredge Technologies (SEDG) and Enphase Energy (ENPH).
What other stocks do shareholders of Cirrus Logic own?
Who are Cirrus Logic's key executives?
Cirrus Logic's management team includes the folowing people:
- Dr. Jason P. Rhode, Pres, CEO & Director (Age 49)
- Mr. Thurman K. Case, CFO, Chief Accounting Officer & VP (Age 62)
- Mr. Gregory Scott Thomas, Sr. VP, Gen. Counsel & Corp. Sec. (Age 53)
- Ms. Jo-Dee M. Benson, Chief Culture Officer & VP (Age 59)
- Mr. Scott A. Anderson, Sr. VP of Supply Chain & Engineering Operations (Age 65)
Who are Cirrus Logic's major shareholders?
Cirrus Logic's stock is owned by many different of institutional and retail investors. Top institutional shareholders include BlackRock Inc. (14.85%), Vanguard Group Inc. (9.91%), LSV Asset Management (5.50%), AQR Capital Management LLC (4.82%), JPMorgan Chase & Co. (1.99%) and Northern Trust Corp (1.85%). Company insiders that own Cirrus Logic stock include Andrew Brannan, Bradley J Fluke, Christine King, David J Tupman, Jason P Rhode, Randolph K Carlson, Scott Arnold Anderson, Scott Thomas, Thurman K Case, Timothy R Dehne and William D Sherman. View Institutional Ownership Trends for Cirrus Logic.
Which major investors are selling Cirrus Logic stock?
CRUS stock was sold by a variety of institutional investors in the last quarter, including Canada Pension Plan Investment Board, Jacobs Levy Equity Management Inc., Vanguard Group Inc., Capital Fund Management S.A., JPMorgan Chase & Co., Great Lakes Advisors LLC, LSV Asset Management and Russell Investments Group Ltd.. Company insiders that have sold Cirrus Logic company stock in the last year include Bradley J Fluke, David J Tupman, Jason P Rhode, Randolph K Carlson, Scott Arnold Anderson, Scott Thomas, Thurman K Case and Timothy R Dehne. View Insider Buying and Selling for Cirrus Logic.
Which major investors are buying Cirrus Logic stock?
CRUS stock was purchased by a variety of institutional investors in the last quarter, including BlackRock Inc., APG Asset Management N.V., Nuveen Asset Management LLC, Man Group plc, Morgan Stanley, Ontario Teachers Pension Plan Board, Grantham Mayo Van Otterloo & Co. LLC and D. E. Shaw & Co. Inc.. 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 $54.57.
How big of a company is Cirrus Logic?
Cirrus Logic has a market capitalization of $3.17 billion and generates $1.19 billion in revenue each year. The semiconductor company earns $89.99 million in net income (profit) each year or $2.05 on an earnings per share basis. Cirrus Logic employs 1,551 workers across the globe.View Additional Information About Cirrus Logic.
What is Cirrus Logic's official website?
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)
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.
