NASDAQ:CRUS - Cirrus Logic Stock Price, News, & Analysis Sign in or create an account to add this stock to your watchlist. Get Started $42.20 -2.44 (-5.47 %) (As of 05/19/2019 04:20 AM ET)Previous Close$42.20Today's Range$41.94 - $44.0052-Week Range$31.25 - $50.12Volume869,631 shsAverage Volume702,918 shsMarket Capitalization$2.50 billionP/E Ratio20.59Dividend YieldN/ABeta0.65 ProfileAnalyst RatingsChartEarningsFinancialsInsider TradesInstitutional OwnershipHeadlinesOptions ChainSEC FilingsSocial Media Share on FacebookShare on TwitterShare on LinkedInShare on RedditShare on StocktwitsPrint this articleShare by Email 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. 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. Receive CRUS News and Ratings via Email Sign-up to receive the latest news and ratings for CRUS and its competitors with MarketBeat's FREE daily newsletter. Industry, Sector and Symbol Stock Exchange NASDAQ Industry Semiconductors & related devices Sub-IndustrySemiconductors SectorComputer and Technology Current SymbolNASDAQ:CRUS Previous Symbol CUSIP17275510 CIK772406 Webwww.cirrus.com Phone512-851-4000Debt Debt-to-Equity RatioN/A Current Ratio5.41 Quick Ratio3.98Price-To-Earnings Trailing P/E Ratio20.59 Forward P/E Ratio28.13 P/E Growth1.98 Sales & Book Value Annual Sales$1.19 billion Price / Sales2.11 Cash Flow$4.8450 per share Price / Cash Flow8.71 Book Value$19.28 per share Price / Book2.19Profitability EPS (Most Recent Fiscal Year)$2.05 Net Income$89.99 million Net Margins7.59% Return on Equity10.65% Return on Assets8.76%Miscellaneous Employees1,596 Outstanding Shares59,140,000Market Cap$2.50 billion Next Earnings Date8/7/2019 (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 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. How were Cirrus Logic's earnings last quarter? 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. When is Cirrus Logic's next earnings date? Cirrus Logic is scheduled to release their next quarterly earnings announcement on Wednesday, August 7th 2019. View Earnings Estimates for Cirrus Logic. What guidance has Cirrus Logic issued on next quarter's earnings? 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. What price target have analysts set for CRUS? 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. What is the consensus analysts' recommendation 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. 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? 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. Who are some of Cirrus Logic's key competitors? 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). What other stocks do shareholders of Cirrus Logic own? 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). 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 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. Which major investors are selling Cirrus Logic stock? 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. Which major investors are buying Cirrus Logic stock? 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. 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 $42.20. How big of a company is Cirrus Logic? 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. What is Cirrus Logic's official website? The official website for Cirrus Logic is http://www.cirrus.com. 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: 3.0 out of 5 ( )Outperform Votes: 586 (Vote Outperform)Underperform Votes: 377 (Vote Underperform)Total Votes: 963MarketBeat'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 5/19/2019 by MarketBeat.com StaffFeatured Article: Outstanding Shares and The Effect on Share Price Receive Analysts' Upgrades and Downgrades Daily Enter your email address below to receive a concise daily summary of analysts' upgrades, downgrades and new coverage with MarketBeat.com's FREE daily email newsletter.