Cirrus Logic Company Profile (NASDAQ:CRUS)

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

Cirrus Logic, Inc. (NASDAQ:CRUS) posted its quarterly earnings results on Wednesday, August, 2nd. The company reported $0.81 EPS for the quarter, beating the consensus estimate of $0.66 by $0.15. The company had revenue of $320.70 million for the quarter, compared to analyst estimates of $320.32 million. Cirrus Logic had a net margin of 17.38% and a return on equity of 26.71%. The firm's revenue was up 23.6% on a year-over-year basis. During the same period in the prior year, the company earned $0.44 earnings per share. View Cirrus Logic's Earnings History.

Cirrus Logic is scheduled to release their next quarterly earnings announcement on Thursday, November, 2nd 2017. View Earnings Estimates for Cirrus Logic.

13 equities research analysts have issued twelve-month price objectives for Cirrus Logic's shares. Their predictions range from $50.00 to $80.00. On average, they anticipate Cirrus Logic's share price to reach $68.25 in the next year. View Analyst Ratings for Cirrus Logic.

Here are some recent quotes from research analysts about Cirrus Logic stock:

• 1. According to Zacks Investment Research, "Cirrus Logic is a premier supplier of high-performance analog circuits and advanced mixed-signal chip solutions. Continued investments in the audio segment have helped the company to come up with innovative products from time to time. This aids it in attracting new customers and brings in additional revenues. Additionally, expansion in the LED market continues to drive growth. Cirrus Logic generates a significant portion of revenues from Apple. This means that there is always an inherent risk of losing an Apple design contract, which will significantly hurt the company’s financials. Moreover, the company faces competition from the likes of Texas Instruments and STMicroelectronics, which also remains a concern. Notably, shares of the company have underperformed the industry over the past one year." (10/17/2017)
• 2. Canaccord Genuity analysts commented, "We recently hosted a series of investor meetings with Cirrus Logic CEO Jason Rhode and met with executives at MWC in Barcelona. Despite initial F2018 top-line guidance well below consensus largely due to slower non-Apple digital/ANC headset adoption, interest from investors was strong and focused on areas of potential guidance conservatism and expanding content long-term in several segments with new 55nm boosted amplifier and first voice biometics products of keen interest. While we concede near-term sales growth will likely be slower versus recent 25%+ growth, especially with ~70% content growth in iPhone last year, we believe F’18 guidance will prove conservative given iPhone unit growth and potential mid- tier Android codec/amplifier growth. While some investors have voiced concerns F’17 could mark peak earnings growth for the company, we disagree and believe our positive long-term thesis is very much intact given we believe Cirrus’ leading portfolio of audio codec, amplifier and MEMS microphone products — the complete audio value chain — is well positioned to yield strong sales and earnings growth driven by 1) further potential long-term content gains with Cirrus’ top customer in microphones, headsets and voice biometrics, 2) high- and mid-tier Android share expansion, 3) digital/ANC headset leadership, 4) an emerging MEMS microphone franchise, 5) leading R&D against voice biometic security applications and 6) long-term growth of audio sales into emerging IoT markets." (3/6/2017)
• 3. Needham & Company LLC analysts commented, "After growing 30% Y/Y the last three fiscal years and posting a strong finish through the end of the year, we are moderating our FY18 revenue growth assumptions down to 6% Y/Y. Unlike last year we don't expect dollar content gains at Apple this year, and hence the Apple business will primarily be driven by higher sell through units, which could provide upside to the guidance range. Moreover, CRUS provided a higher guidance for its long-term operating margin range at ~mid-20s and a lower tax rate of 22-24%, which is actually driving upside to our fiscal Non-GAAP EPS. Net, we are increasing our PT to $70 based on a P/E of 14.6x (ex-cash) on our new FY18 estimates of $4.50. With the stock likely to trade down, we would be buyers on weakness." (2/2/2017)

Some companies that are related to Cirrus Logic include Universal Display Corporation (OLED), TTM Technologies (TTMI), IQE plc (IQE), IXYS Corporation (IXYS), Alpha and Omega Semiconductor Limited (AOSL), Park Electrochemical Corporation (PKE), NeoPhotonics Corporation (NPTN), IEC Electronics Corp (IEC), O2Micro International Limited (OIIM), SemiLEDS Corporation (LEDS), ANADIGICS (ANAD), CSR Ltd (CSR), CSR Ltd (CSRE), Entropic Communications (ENTR), Microsemi Communications (VTSS), Multi-Fineline Electronix (MFLX) and Viasystems Group (VIAS).

Cirrus Logic's management team includes the folowing people:

• Alan R. Schuele, Independent Chairman of the Board
• Jason P. Rhode Ph.D., President, Chief Executive Officer, Director
• Thurman K. Case, Vice President, Chief Financial Officer, Principal Accounting Officer
• Scott Arnold Anderson, Senior Vice President, General Manager - Mixed-Signal Audio Products
• Gregory Scott Thomas, Vice President, General Counsel, Corporate Secretary
• Brad Fluke, Vice President, General Manager - MEMS Division
• Rashpal Sahota, Vice President and Audio General Manager - Cirrus Logic International
• Jo Dee M. Benson, Vice President, Chief Culture Officer
• Andrew Brannan, Vice President - Worldwide Sales
• Randy Carlson, Vice President - Supply Chain

Cirrus Logic's stock is owned by a number of of retail and institutional investors. Top institutional shareholders include Smith Graham & Co. Investment Advisors LP (0.36%), APG Asset Management N.V. (0.23%), Robeco Institutional Asset Management B.V. (0.05%), State Treasurer State of Michigan (0.04%), Juncture Wealth Strategies LLC (0.03%) and Eqis Capital Management Inc. (0.01%). Company insiders that own Cirrus Logic stock include Alan R Schuele, Alexander M Davern, Andrew Brannan, Bradley J Fluke, Christine King, David J Tupman, Jason P Rhode, John C Carter, 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.

Cirrus Logic's stock was sold by a variety of institutional investors in the last quarter, including State Treasurer State of Michigan, Smith Graham & Co. Investment Advisors LP and Juncture Wealth Strategies LLC. Company insiders that have sold Cirrus Logic stock in the last year include Alan R Schuele, Alexander M Davern, Andrew Brannan, Bradley J Fluke, Christine King, Jason P Rhode, John C Carter, Randolph K Carlson, Rashpal Sahota, Scott Arnold Anderson, Scott Thomas, Thurman K Case and William D Sherman. View Insider Buying and Selling for Cirrus Logic.

Cirrus Logic's stock was bought by a variety of institutional investors in the last quarter, including APG Asset Management N.V., Robeco Institutional Asset Management B.V. and Eqis Capital Management Inc.. View Insider Buying and Selling for Cirrus Logic.

Shares of Cirrus Logic can be purchased through any online brokerage account. Popular online brokerages include Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Scottrade, Fidelity and Charles Schwab.

One share of Cirrus Logic stock can currently be purchased for approximately $52.94.