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

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

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

Cirrus Logic, Inc. (NASDAQ:CRUS) issued its quarterly earnings data on Wednesday, October, 30th. The semiconductor company reported $1.55 EPS for the quarter, topping analysts' consensus estimates of $0.94 by $0.61. The semiconductor company earned $389 million during the quarter, compared to the consensus estimate of $320.37 million. Cirrus Logic had a return on equity of 13.04% and a net margin of 9.81%. The firm's revenue was up 6.2% on a year-over-year basis. During the same quarter in the previous year, the company earned $1.08 earnings per share. View Cirrus Logic's Earnings History.

Cirrus Logic is scheduled to release their next quarterly earnings announcement on Wednesday, January 29th 2020. View Earnings Estimates for Cirrus Logic.

Cirrus Logic will be holding an earnings conference call on Wednesday, January 29th at 12:00 AM Eastern. Interested parties can register for or listen to the call using this link or dial in at Not Available.

9 equities research analysts have issued 1 year price targets for Cirrus Logic's stock. Their forecasts range from $52.00 to $80.00. On average, they expect Cirrus Logic's share price to reach $60.50 in the next year. This suggests that the stock has a possible downside of 28.1%. 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, 5 hold ratings and 3 buy ratings for the stock, resulting in a consensus recommendation of "Hold." View Analyst Ratings for Cirrus Logic.

Headlines about CRUS stock have been trending somewhat positive this week, InfoTrie Sentiment Analysis reports. InfoTrie ranks the sentiment of media coverage by analyzing more than six thousand news and blog sources in real time. The firm ranks coverage of publicly-traded companies on a scale of negative five to positive five, with scores nearest to five being the most favorable. Cirrus Logic earned a news sentiment score of 1.5 on InfoTrie's scale. They also assigned 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 stock's share price in the next few days. View News Stories for Cirrus Logic.

Some companies that are related to Cirrus Logic include Intel (INTC), NVIDIA (NVDA), Texas Instruments (TXN), Broadcom (AVGO), Micron Technology (MU), Analog Devices (ADI), Microchip Technology (MCHP), Xilinx (XLNX), Skyworks Solutions (SWKS), Marvell Technology Group (MRVL), Maxim Integrated Products (MXIM), 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), Alibaba Group (BABA), Intel (INTC), Alphabet (GOOG), Skyworks Solutions (SWKS) and Home Depot (HD).

Cirrus Logic's stock is owned by a variety of of retail and institutional investors. Top institutional investors include DNB Asset Management AS (0.40%), Commerzbank Aktiengesellschaft FI (0.02%), State of Alaska Department of Revenue (0.02%), Allworth Financial LP (0.01%), Calamos Advisors LLC (0.01%) and AE Wealth Management LLC (0.01%). 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 Commerzbank Aktiengesellschaft FI, IFP Advisors Inc and State of Alaska Department of Revenue. 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, Randolph K Carlson, Scott Arnold Anderson, Scott Thomas, Thurman K Case and Timothy R Dehne. View Insider Buying and Selling for Cirrus Logic.

CRUS stock was acquired by a variety of institutional investors in the last quarter, including DNB Asset Management AS, Allworth Financial LP, Calamos Advisors LLC, AE Wealth Management LLC and Carroll Financial Associates Inc.. 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 $84.11.

Cirrus Logic has a market capitalization of $4.86 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]