NASDAQ:CRUS - Cirrus Logic Stock Price, Price Target & More

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

Cirrus Logic declared that its Board of Directors has approved a share repurchase plan on Tuesday, February 6th 2018, which allows the company to repurchase $200,000,000.00 in outstanding shares, according to EventVestor. This repurchase authorization allows the company to purchase shares of its stock through open market purchases. Shares repurchase plans are often a sign that the company's board of directors believes its stock is undervalued.

Cirrus Logic, Inc. (NASDAQ:CRUS) released its quarterly earnings results on Monday, February, 5th. The semiconductor company reported $1.59 EPS for the quarter, missing the Thomson Reuters' consensus estimate of $1.78 by $0.19. The semiconductor company earned $482.70 million during the quarter, compared to analysts' expectations of $530.99 million. Cirrus Logic had a net margin of 11.89% and a return on equity of 22.60%. The business's revenue for the quarter was down 7.7% compared to the same quarter last year. During the same period in the prior year, the firm earned $1.87 EPS. View Cirrus Logic's Earnings History.

Cirrus Logic is scheduled to release their next quarterly earnings announcement on Wednesday, May, 2nd 2018. View Earnings Estimates for Cirrus Logic.

11 Wall Street analysts have issued 12 month price objectives for Cirrus Logic's stock. Their forecasts range from $36.00 to $80.00. On average, they anticipate Cirrus Logic's share price to reach $60.2727 in the next twelve months. View Analyst Ratings for Cirrus Logic.

Cirrus Logic saw a increase in short interest in the month of March. As of March 29th, there was short interest totalling 7,824,741 shares, an increase of 24.6% from the March 15th total of 6,277,878 shares. Based on an average trading volume of 1,423,274 shares, the short-interest ratio is currently 5.5 days. Currently, 12.4% of the company's shares are sold short.

Some companies that are related to Cirrus Logic include Qorvo (QRVO), First Solar (FSLR), Microsemi (MSCC), SUMCO (SUOPY), United Microelectronics (UMC), Semiconductor Manufacturing International (SMI), Cypress Semiconductor (CY), Cavium (CAVM), Siliconware Precision Industries (SPIL), Monolithic Power Systems (MPWR), Cree (CREE), AU Optronics (AUO), Mellanox Technologies (MLNX), Integrated Device Technology (IDTI) and Silicon Labs (SLAB).

News coverage about CRUS stock has trended somewhat positive on Tuesday, Accern Sentiment reports. The research group identifies negative and positive press coverage by reviewing more than twenty million news and blog sources in real-time. Accern ranks coverage of companies on a scale of negative one to positive one, with scores closest to one being the most favorable. Cirrus Logic earned a news impact score of 0.03 on Accern's scale. They also gave press coverage about the semiconductor company an impact score of 46.08 out of 100, meaning that recent press coverage is somewhat unlikely to have an impact on the stock's share price in the next few days.

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 $35.33.

Cirrus Logic has a market capitalization of $2.33 billion and generates $1.54 billion in revenue each year. The semiconductor company earns $261.20 million in net income (profit) each year or $4.10 on an earnings per share basis. Cirrus Logic employs 1,444 workers across the globe.

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]