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

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$36.75 -1.23 (-3.24 %)

(As of 12/9/2018 04:00 PM ET)

Previous Close$36.75

Today's Range$36.58 - $38.27

52-Week Range$34.49 - $55.13

Volume636,075 shs

Average Volume1.07 million shs

Market Capitalization$2.20 billion

P/E Ratio9.96

Dividend YieldN/A

Beta0.5

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.

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Industry, Sector and Symbol

Stock Exchange NASDAQ

Industry Semiconductors & related devices

Sub-IndustrySemiconductors

SectorComputer and Technology

Current SymbolNASDAQ:CRUS

Previous Symbol

CUSIP17275510

Webwww.cirrus.com

Phone512-851-4000

Debt

Debt-to-Equity RatioN/A

Current Ratio4.12

Quick Ratio3.21

Price-To-Earnings

Trailing P/E Ratio9.96

Forward P/E Ratio18.75

P/E Growth1.25

Sales & Book Value

Annual Sales$1.53 billion

Price / Sales1.44

Cash Flow$5.1255 per share

Price / Cash Flow7.17

Book Value$18.33 per share

Price / Book2.00

Profitability

EPS (Most Recent Fiscal Year)$3.69

Net Income$161.99 million

Net Margins7.09%

Return on Equity15.55%

Return on Assets12.68%

Miscellaneous

Employees1,596

Outstanding Shares59,840,000

Market Cap$2.20 billion

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 repurchase plan on Tuesday, February 6th 2018, which permits the company to buyback $200,000,000.00 in outstanding shares, according to EventVestor. This buyback authorization permits the company to reacquire shares of its stock through open market purchases. Shares buyback plans are often a sign that the company's board of directors believes its shares are undervalued.

How were Cirrus Logic's earnings last quarter?

Cirrus Logic, Inc. (NASDAQ:CRUS) announced its earnings results on Thursday, November, 1st. The semiconductor company reported $1.08 earnings per share for the quarter, beating analysts' consensus estimates of $0.74 by $0.34. The semiconductor company had revenue of $366.30 million for the quarter, compared to the consensus estimate of $330.27 million. Cirrus Logic had a return on equity of 15.55% and a net margin of 7.09%. The company's revenue for the quarter was down 13.9% on a year-over-year basis. During the same period in the prior year, the business earned $1.36 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 Monday, February 4th 2019. View Earnings Estimates for Cirrus Logic.

What price target have analysts set for CRUS?

9 brokerages have issued 1 year price targets for Cirrus Logic's shares. Their forecasts range from $29.00 to $60.00. On average, they anticipate Cirrus Logic's share price to reach $45.1250 in the next twelve months. This suggests a possible upside of 22.8% from the stock's current price. 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 2 sell ratings, 2 hold ratings and 5 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. 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)
2. According to Zacks Investment Research, "Cirrus Logic's Q2 results remained under pressure due to lower revenues from portable audio products and higher operating expenses. Intensifying competition, unfavorable currency fluctuations and an uncertain macroeconomic environment remain other concerns. The company’s international operations are largely exposed to foreign currency exchange rate risk, as a substantial portion of the company’s sales is derived from outside the United States. Management expects the sluggish demand in the smartphone market to continue for sometime now, which will eventually hurt the company’s top-line. Shares have underperformed the industry on a year-to-date basis. Nonetheless, Continued investments in the audio segment have helped the company to come up with innovative products from time to time." (11/12/2018)

Has Cirrus Logic been receiving favorable news coverage?

Media coverage about CRUS stock has been trending somewhat positive on Sunday, InfoTrie Sentiment Analysis reports. The research group identifies positive and negative media coverage by reviewing more than six thousand blog and news sources. The firm ranks coverage of publicly-traded companies on a scale of negative five to positive five, with scores closest to five being the most favorable. Cirrus Logic earned a media sentiment score of 0.8 on InfoTrie's scale. They also gave news articles about the semiconductor company a news buzz of 1.0 out of 10, indicating that recent media coverage is extremely unlikely to have an impact on the stock's share price in the near term.

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), Integrated Device Technology (IDTI), Monolithic Power Systems (MPWR), Mellanox Technologies (MLNX), Cypress Semiconductor (CY), Cree (CREE), First Solar (FSLR), United Microelectronics (UMC), Semiconductor Manufacturing Int'l (SMI), AU Optronics (AUO), SUMCO CORP/ADR (SUOPY) and Silicon Laboratories (SLAB).

Who are Cirrus Logic's key executives?

Cirrus Logic's management team includes the folowing people:

Dr. Jason P. Rhode, CEO, Pres & Director (Age 48)
Mr. Thurman K. Case, CFO, Chief Accounting Officer & VP (Age 61)
Mr. Gregory Scott Thomas, Sr. VP, Gen. Counsel & Corp. Sec. (Age 52)
Ms. Jo-Dee M. Benson, Chief Culture Officer & VP (Age 58)
Mr. Scott A. Anderson, Sr. VP & GM of Mixed-Signal Audio Division (Age 64)

Who are Cirrus Logic's major shareholders?

Cirrus Logic's stock is owned by a variety of of institutional and retail investors. Top institutional investors include BlackRock Inc. (12.58%), Vanguard Group Inc. (9.39%), LSV Asset Management (5.49%), AQR Capital Management LLC (4.62%), FMR LLC (4.40%) and Dimensional Fund Advisors LP (3.80%). Company insiders that own Cirrus Logic stock include Alan R Schuele, Andrew Brannan, Bradley J Fluke, Christine King, Randolph K Carlson, Rashpal Sahota, 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 BlackRock Inc., FMR LLC, Deutsche Bank AG, Schroder Investment Management Group, Chicago Equity Partners LLC, Morgan Stanley, Jane Street Group LLC and TIAA CREF Investment Management LLC. Company insiders that have sold Cirrus Logic company stock in the last year include Christine King, Randolph K Carlson, 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 purchased by a variety of institutional investors in the last quarter, including JPMorgan Chase & Co., JPMorgan Chase & Co., Franklin Resources Inc., Partner Fund Management L.P., Prudential Financial Inc., Royce & Associates LP, Great Lakes Advisors LLC and Russell Investments Group 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, Scottrade, Fidelity and Charles Schwab.

What is Cirrus Logic's stock price today?

One share of CRUS stock can currently be purchased for approximately $36.75.

How big of a company is Cirrus Logic?

Cirrus Logic has a market capitalization of $2.20 billion and generates $1.53 billion in revenue each year. The semiconductor company earns $161.99 million in net income (profit) each year or $3.69 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:		3.1 out of 5 ( )
Outperform Votes:		558 (Vote Outperform)
Underperform Votes:		350 (Vote Underperform)
Total Votes:		908

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 12/9/2018 by MarketBeat.com Staff