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

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

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

Cirrus Logic, Inc. (NASDAQ:CRUS) released its quarterly earnings data on Wednesday, January, 29th. The semiconductor company reported $1.41 EPS for the quarter, topping 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 the consensus estimate of $345.33 million. Cirrus Logic had a return on equity of 15.06% and a net margin of 12.52%. The firm's revenue was up 15.5% compared to the same quarter last year. During the same quarter in the previous year, the company earned $0.91 earnings per share. View Cirrus Logic's Earnings History.

Cirrus Logic is scheduled to release their next quarterly earnings announcement on Wednesday, May 6th 2020. View Earnings Estimates for Cirrus Logic.

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.

9 equities research analysts have issued twelve-month target prices for Cirrus Logic's shares. 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 twelve months. This suggests that the stock has a possible downside of 4.7%. View Analyst Price Targets 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.

Media coverage about CRUS stock has trended somewhat positive this week, according to InfoTrie. The research group ranks the sentiment of media coverage by monitoring more than six thousand news and blog sources. 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 news impact score of 1.8 on InfoTrie's scale. They also gave news headlines about the semiconductor company a news buzz of 0.0 out of 10, meaning that recent media coverage is extremely unlikely to have an impact on the company's share price in the next few days. View News Stories for Cirrus Logic.

Cirrus Logic saw a decline in short interest during the month of 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 trading volume of 729,700 shares, the short-interest ratio is currently 5.0 days. Approximately 6.3% of the company's shares are short sold. View Cirrus Logic's Current Options Chain.

Some companies that are related to Cirrus Logic include Intel (INTC), NVIDIA (NVDA), Broadcom (AVGO), Texas Instruments (TXN), Micron Technology (MU), Analog Devices (ADI), Microchip Technology (MCHP), Xilinx (XLNX), Skyworks Solutions (SWKS), Maxim Integrated Products (MXIM), Marvell Technology Group (MRVL), Cypress Semiconductor (CY), Monolithic Power Systems (MPWR), First Solar (FSLR) and Cree (CREE).

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).

Cirrus Logic's stock is owned by a number of 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.

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., Man Group plc, KBC Group NV, Commerzbank Aktiengesellschaft FI and Royce & Associates LP. 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.

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.

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.

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

Cirrus Logic has a market capitalization of $4.78 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.

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]