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 initiated a share repurchase plan on Tuesday, February 6th 2018, which permits the company to buyback $200,000,000.00 in shares, according to EventVestor. This buyback authorization permits the company to purchase shares of its stock through open market purchases. Shares buyback plans are generally a sign that the company's leadership believes its stock is undervalued.

Cirrus Logic, Inc. (NASDAQ:CRUS) announced its quarterly earnings data on Thursday, November, 1st. The semiconductor company reported $1.08 earnings per share (EPS) for the quarter, beating the Thomson Reuters' consensus estimate 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 net margin of 7.09% and a return on equity of 15.55%. The company's quarterly revenue was down 13.9% on a year-over-year basis. During the same quarter last year, the firm earned $1.36 earnings per share. View Cirrus Logic's Earnings History.

Cirrus Logic is scheduled to release their next quarterly earnings announcement on Wednesday, January 30th 2019. View Earnings Estimates for Cirrus Logic.

9 brokers have issued 1 year target prices for Cirrus Logic's shares. Their forecasts range from $29.00 to $60.00. On average, they expect Cirrus Logic's stock price to reach $45.1250 in the next twelve months. This suggests a possible upside of 21.9% from the stock's current price. 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 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.

Press coverage about CRUS stock has trended somewhat positive recently, InfoTrie reports. The research group identifies positive and negative news coverage by monitoring more than six thousand news and blog sources in real time. The firm ranks coverage of publicly-traded companies on a scale of -5 to 5, with scores nearest to five being the most favorable. Cirrus Logic earned a daily sentiment score of 0.7 on InfoTrie's scale. They also gave press coverage about the semiconductor company a news buzz of 1.0 out of 10, indicating that recent news coverage is extremely unlikely to have an impact on the stock's share price in the near future.

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), First Solar (FSLR), Cree (CREE), Cypress Semiconductor (CY), United Microelectronics (UMC), Mellanox Technologies (MLNX), Advantest (ATEYY), AU Optronics (AUO), Semiconductor Manufacturing Int'l (SMI) and Silicon Laboratories (SLAB).

Cirrus Logic's stock is owned by a number of of retail and institutional investors. Top institutional shareholders include Peregrine Capital Management LLC (0.33%), Retirement Systems of Alabama (0.13%), Louisiana State Employees Retirement System (0.03%), Virtu Financial LLC (0.02%), Juncture Wealth Strategies LLC (0.02%) and Meeder Asset Management Inc. (0.01%). 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, 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 Peregrine Capital Management LLC, Juncture Wealth Strategies LLC, Retirement Systems of Alabama and Louisiana State Employees Retirement System. Company insiders that have sold Cirrus Logic company stock in the last year include Randolph K Carlson, 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 Meeder Asset Management Inc. and Virtu Financial LLC. 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 $37.03.

Cirrus Logic has a market capitalization of $2.14 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]