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

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

Cirrus Logic declared that its Board of Directors has approved a share buyback program on Wednesday, January 30th 2019, which authorizes the company to buyback $200,000,000.00 in outstanding shares, according to EventVestor. This buyback authorization authorizes the company to reacquire up to 8.9% of its stock through open market purchases. Stock buyback programs are typically an indication that the company's board believes its stock is undervalued.

Cirrus Logic, Inc. (NASDAQ:CRUS) posted its earnings results on Wednesday, May, 1st. The semiconductor company reported $0.16 EPS for the quarter, beating analysts' consensus estimates of $0.12 by $0.04. The semiconductor company had revenue of $240.44 million for the quarter, compared to analysts' expectations of $219.67 million. Cirrus Logic had a return on equity of 10.65% and a net margin of 7.59%. The company's quarterly revenue was down 20.7% on a year-over-year basis. During the same period in the previous year, the company earned $0.51 EPS. View Cirrus Logic's Earnings History.

Cirrus Logic is scheduled to release their next quarterly earnings announcement on Wednesday, August 7th 2019. View Earnings Estimates for Cirrus Logic.

Cirrus Logic updated its first quarter 2020 earnings guidance on Wednesday, May, 1st. The company provided earnings per share (EPS) guidance of for the period. The company issued revenue guidance of $200-240 million, compared to the consensus revenue estimate of $220.9 million.

7 analysts have issued 1 year price targets for Cirrus Logic's shares. Their forecasts range from $29.00 to $59.00. On average, they anticipate Cirrus Logic's stock price to reach $43.1667 in the next year. This suggests a possible upside of 2.3% from the stock's current price. View Analyst Price Targets for Cirrus Logic.

7 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 2 buy ratings for the stock, resulting in a consensus recommendation of "Hold." View Analyst Ratings for Cirrus Logic.

Headlines about CRUS stock have trended negative on Sunday, according to InfoTrie Sentiment Analysis. The research firm identifies negative and positive news coverage by analyzing more than six thousand blog and news sources in real time. The firm ranks coverage of publicly-traded 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 -2.1 on InfoTrie's scale. They also assigned news articles about the semiconductor company a news buzz of 10.0 out of 10, indicating that recent news coverage is extremely likely to have an impact on the stock's share price in the next few days.

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

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

Cirrus Logic's stock is owned by a number of of institutional and retail investors. Top institutional investors include BlackRock Inc. (13.39%), LSV Asset Management (5.51%), AQR Capital Management LLC (4.57%), Dimensional Fund Advisors LP (3.73%), FMR LLC (3.16%) and JPMorgan Chase & Co. (2.10%). Company insiders that own Cirrus Logic stock include Alan R Schuele, Andrew Brannan, Bradley J Fluke, Christine King, David J Tupman, 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.

CRUS stock was sold by a variety of institutional investors in the last quarter, including FMR LLC, Morgan Stanley, JPMorgan Chase & Co., New Amsterdam Partners LLC NY, Federated Investors Inc. PA, Great Lakes Advisors LLC, Alambic Investment Management L.P. and Hsbc Holdings PLC. Company insiders that have sold Cirrus Logic company stock in the last year include David J Tupman, Randolph K Carlson, Scott Arnold Anderson, Scott Thomas, 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 AQR Capital Management LLC, BlackRock Inc., Royce & Associates LP, Jacobs Levy Equity Management Inc., Goldman Sachs Group Inc., Wells Fargo & Company MN, Spark Investment Management LLC and Voya Investment Management 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 $42.20.

Cirrus Logic has a market capitalization of $2.50 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 1,596 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]