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

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$38.80 -1.54 (-3.82 %)
(As of 11/19/2018 06:37 AM ET)
Previous Close$40.34
Today's Range$38.10 - $39.47
52-Week Range$34.49 - $57.39
Volume1.48 million shs
Average Volume1.22 million shs
Market Capitalization$2.32 billion
P/E Ratio10.51
Dividend YieldN/A
Beta0.45
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
Phone512-851-4000

Debt

Debt-to-Equity RatioN/A
Current Ratio4.12
Quick Ratio3.21

Price-To-Earnings

Trailing P/E Ratio10.51
Forward P/E Ratio15.90
P/E Growth1.06

Sales & Book Value

Annual Sales$1.53 billion
Price / Sales1.52
Cash Flow$5.1255 per share
Price / Cash7.57
Book Value$18.33 per share
Price / Book2.12

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$2.32 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 has approved a share buyback plan on Tuesday, February 6th 2018, which authorizes the company to repurchase $200,000,000.00 in outstanding shares, according to EventVestor. This repurchase authorization authorizes the company to reacquire shares of its stock through open market purchases. Shares repurchase plans are typically a sign that the company's board of directors believes its stock is undervalued.

How were Cirrus Logic's earnings last quarter?

Cirrus Logic, Inc. (NASDAQ:CRUS) released its earnings results on Thursday, November, 1st. The semiconductor company reported $1.08 EPS for the quarter, beating the Thomson Reuters' consensus estimate of $0.74 by $0.34. The semiconductor company earned $366.30 million during 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 business's revenue was down 13.9% compared to the same quarter last year. During the same period last year, the company earned $1.36 earnings per share. 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 Wall Street analysts have issued 1-year target prices for Cirrus Logic's shares. Their forecasts range from $30.00 to $60.00. On average, they expect Cirrus Logic's stock price to reach $47.3750 in the next twelve months. This suggests a possible upside of 22.1% 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.

Has Cirrus Logic been receiving favorable news coverage?

News stories about CRUS stock have been trending somewhat positive on Monday, according to InfoTrie Sentiment Analysis. The research firm identifies negative and positive news coverage by analyzing more than six thousand news and blog sources. The firm ranks coverage of public companies on a scale of negative five to positive five, with scores nearest to five being the most favorable. Cirrus Logic earned a news impact score of 1.1 on InfoTrie's scale. They also assigned media stories about the semiconductor company a news buzz of 2.0 out of 10, indicating that recent news coverage is very unlikely to have an effect on the company's share price in the next several days.

Who are some of Cirrus Logic's key competitors?

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%), LSV Asset Management (5.49%), AQR Capital Management LLC (4.62%), FMR LLC (4.40%), Dimensional Fund Advisors LP (3.80%) and Bank of New York Mellon Corp (2.42%). 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 institutional 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, Jane Street Group LLC, TIAA CREF Investment Management LLC and Man Group plc. 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 institutional investors are buying Cirrus Logic stock?

CRUS stock was acquired 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, Russell Investments Group Ltd. and BlueMountain Capital Management LLC. 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 $38.80.

How big of a company is Cirrus Logic?

Cirrus Logic has a market capitalization of $2.32 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 (star star star)
Outperform Votes:  553 (Vote Outperform)
Underperform Votes:  342 (Vote Underperform)
Total Votes:  895
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 11/19/2018 by MarketBeat.com Staff

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