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 has approved a share repurchase plan 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 repurchase up to 8.9% of its stock through open market purchases. Stock repurchase plans are usually an indication that the company's board believes its stock is undervalued.

Cirrus Logic, Inc. (NASDAQ:CRUS) posted its quarterly earnings data on Wednesday, January, 30th. The semiconductor company reported $0.91 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.78 by $0.13. The semiconductor company earned $324.30 million during the quarter, compared to analyst estimates of $319.37 million. Cirrus Logic had a return on equity of 11.88% and a net margin of 7.68%. The firm's quarterly revenue was down 32.8% on a year-over-year basis. During the same period last year, the company earned $1.59 EPS. View Cirrus Logic's Earnings History.

Cirrus Logic is scheduled to release their next quarterly earnings announcement on Wednesday, May 1st 2019. View Earnings Estimates for Cirrus Logic.

Cirrus Logic updated its fourth quarter 2019 earnings guidance on Wednesday, January, 30th. The company provided earnings per share guidance of for the period. The company issued revenue guidance of $200-240 million, compared to the consensus revenue estimate of $274.64 million.

8 equities research analysts have issued twelve-month target prices for Cirrus Logic's shares. Their predictions range from $29.00 to $59.00. On average, they anticipate Cirrus Logic's stock price to reach $42.1429 in the next twelve months. This suggests that the stock has a possible downside of 0.9%. View Analyst Price Targets for Cirrus Logic.

8 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 3 buy ratings for the stock, resulting in a consensus recommendation of "Hold." View Analyst Ratings for Cirrus Logic.

News headlines about CRUS stock have trended negative on Tuesday, according to InfoTrie Sentiment Analysis. The research firm scores the sentiment of press coverage by reviewing 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 gave media headlines about the semiconductor company a news buzz of 10.0 out of 10, meaning that recent press coverage is extremely likely to have an effect on the company's share price in the near term.

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

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

Cirrus Logic's stock is owned by a variety of of retail and institutional investors. Top institutional shareholders include BlackRock Inc. (12.96%), LSV Asset Management (5.51%), Dimensional Fund Advisors LP (3.78%), FMR LLC (3.72%), Northern Trust Corp (1.80%) and Bank of New York Mellon Corp (1.73%). Company insiders that own Cirrus Logic stock include Alan R Schuele, Andrew Brannan, Bradley J Fluke, Christine King, Randolph K Carlson, Scott Arnold Anderson, 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, Bank of New York Mellon Corp, KBC Group NV, First Trust Advisors LP, Squarepoint Ops LLC, Dimensional Fund Advisors LP, Raymond James & Associates and Her Majesty the Queen in Right of the Province of Alberta as represented by Alberta Investment Management Corp. Company insiders that have sold Cirrus Logic company stock in the last year include Randolph K Carlson, Scott Arnold Anderson, Timothy R Dehne and William D Sherman. View Insider Buying and Selling for Cirrus Logic.

CRUS stock was bought by a variety of institutional investors in the last quarter, including Norges Bank, Prudential Financial Inc., Millennium Management LLC, BlackRock Inc., New Amsterdam Partners LLC NY, Hsbc Holdings PLC, Ontario Teachers Pension Plan Board and Rhumbline Advisers. 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 $42.52.

Cirrus Logic has a market capitalization of $2.51 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.

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]