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

$81.59
+0.89 (+1.10 %)
(As of 02/17/2020 04:50 AM ET)
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Today's Range
$80.13
Now: $81.59
$81.95
50-Day Range
$76.81
MA: $82.25
$86.04
52-Week Range
$37.24
Now: $81.59
$91.63
Volume777,203 shs
Average VolumeN/A
Market CapitalizationN/A
P/E Ratio31.62
Dividend YieldN/A
BetaN/A
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. Read More…

Industry, Sector and Symbol

Industry N/A
Sub-IndustrySemiconductors
SectorN/A
Current SymbolNASDAQ:CRUS
CUSIP17275510
WebN/A
PhoneN/A

Debt

Price-To-Earnings

Sales & Book Value

Annual SalesN/A

Profitability

Miscellaneous

Employees1,551
Next Earnings Date5/6/2020 (Estimated)
OptionableOptionable

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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 initiated a stock repurchase plan on Wednesday, January 30th 2019, which permits the company to buyback $200,000,000.00 in outstanding shares, according to EventVestor. This buyback authorization permits the company to reacquire up to 8.9% of its shares through open market purchases. Shares buyback plans are usually a sign that the company's leadership believes its stock is undervalued.

How were Cirrus Logic's earnings last quarter?

Cirrus Logic, Inc. (NASDAQ:CRUS) released its quarterly earnings results on Wednesday, January, 29th. The semiconductor company reported $1.41 EPS for the quarter, beating the Thomson Reuters' consensus estimate of $1.14 by $0.27. The semiconductor company had revenue of $374.67 million for the quarter, compared to analyst estimates of $345.33 million. Cirrus Logic's revenue for the quarter was up 15.5% on a year-over-year basis. During the same period in the previous year, the business posted $0.91 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, May 6th 2020. View Earnings Estimates for Cirrus Logic.

What guidance has Cirrus Logic issued on next quarter's earnings?

Cirrus Logic issued an update on its fourth quarter 2020 After-Hours earnings guidance on Wednesday, January, 29th. The company provided EPS guidance of for the period. The company issued revenue guidance of $250-290 million, compared to the consensus revenue estimate of $245.68 million.

What price target have analysts set for CRUS?

9 brokers have issued 1-year target prices for Cirrus Logic's stock. Their forecasts range from $55.00 to $100.00. On average, they expect Cirrus Logic's stock price to reach $77.78 in the next year. This suggests that the stock has a possible downside of 4.7%. View Analyst Price Targets for Cirrus Logic.

What is the consensus analysts' recommendation for Cirrus Logic?

9 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Cirrus Logic in the last year. There are currently 1 sell rating, 4 hold ratings and 4 buy ratings for the stock, resulting in a consensus recommendation of "Hold." View Analyst Ratings for Cirrus Logic.

Has Cirrus Logic been receiving favorable news coverage?

News coverage about CRUS stock has trended somewhat positive recently, according to InfoTrie Sentiment Analysis. The research group identifies negative and positive press coverage by reviewing more than six thousand blog and news sources. The firm ranks coverage of public companies on a scale of negative five to five, with scores nearest to five being the most favorable. Cirrus Logic earned a media sentiment score of 1.8 on InfoTrie's scale. They also gave press coverage about the semiconductor company a news buzz of 0.0 out of 10, meaning that recent press coverage is extremely unlikely to have an impact on the stock's share price in the near term. View News Stories for Cirrus Logic.

Are investors shorting Cirrus Logic?

Cirrus Logic saw a decline in short interest in January. As of January 31st, there was short interest totalling 3,620,000 shares, a decline of 16.4% from the January 15th total of 4,330,000 shares. Based on an average daily volume of 729,700 shares, the short-interest ratio is currently 5.0 days. Currently, 6.3% of the shares of the company are short sold. View Cirrus Logic's Current Options Chain.

Who are some of Cirrus Logic's key competitors?

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), NVIDIA (NVDA), Netflix (NFLX), CA (CA), Intel (INTC), Alibaba Group (BABA), Skyworks Solutions (SWKS), Alphabet (GOOG) 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 many different of retail and institutional investors. Top institutional shareholders include FMR LLC (6.96%), LSV Asset Management (3.82%), State Street Corp (3.50%), AQR Capital Management LLC (3.19%), Acadian Asset Management LLC (1.44%) and Bank of New York Mellon Corp (1.36%). Company insiders that own Cirrus Logic stock include Bradley J Fluke, David J Tupman, Jason P Rhode, John C Carter, John Forsyth, 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 AQR Capital Management LLC, LSV Asset Management, Bank of America Corp DE, Prudential Financial Inc., KBC Group NV, Commerzbank Aktiengesellschaft FI, Royce & Associates LP and Goldman Sachs Group Inc.. Company insiders that have sold Cirrus Logic company stock in the last year include Bradley J Fluke, David J Tupman, Jason P Rhode, John C Carter, John Forsyth, 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 FMR LLC, Lord Abbett & CO. LLC, Acadian Asset Management LLC, DNB Asset Management AS, Jacobs Levy Equity Management Inc., Public Sector Pension Investment Board, MERIAN GLOBAL INVESTORS UK Ltd and MERIAN GLOBAL INVESTORS UK Ltd. 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, Robinhood, Fidelity and Charles Schwab.

What is Cirrus Logic's stock price today?

One share of CRUS stock can currently be purchased for approximately $81.59.


MarketBeat Community Rating for Cirrus Logic (NASDAQ CRUS)

Community Ranking:  2.9 out of 5 (star star)
Outperform Votes:  654 (Vote Outperform)
Underperform Votes:  459 (Vote Underperform)
Total Votes:  1,113
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 2/17/2020 by MarketBeat.com Staff

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