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Cirrus Logic Stock Price, News & Analysis (NASDAQ:CRUS)

$56.36
-1.14 (-1.98 %)
(As of 10/22/2019 02:26 PM ET)
Today's Range
$55.75
Now: $56.36
$57.52
50-Day Range
$52.12
MA: $54.64
$57.37
52-Week Range
$31.25
Now: $56.36
$60.00
Volume23,567 shs
Average Volume540,274 shs
Market Capitalization$3.28 billion
P/E Ratio27.49
Dividend YieldN/A
Beta0.85
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. Read More…

Industry, Sector and Symbol

Industry Semiconductors & related devices
Sub-IndustrySemiconductors
SectorComputer and Technology
Current SymbolNASDAQ:CRUS
CUSIP17275510
Phone512-851-4000

Debt

Price-To-Earnings

Sales & Book Value

Annual Sales$1.19 billion
Cash Flow$3.51 per share
Book Value$19.28 per share

Profitability

Net Income$89.99 million

Miscellaneous

Employees1,551
Market Cap$3.28 billion
Next Earnings Date10/30/2019 (Confirmed)
OptionableOptionable

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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 Wednesday, January 30th 2019, which permits the company to repurchase $200,000,000.00 in outstanding shares, according to EventVestor. This repurchase authorization permits the company to reacquire up to 8.9% of its shares through open market purchases. Shares repurchase plans are typically an indication that the company's leadership believes its stock is undervalued.

How were Cirrus Logic's earnings last quarter?

Cirrus Logic, Inc. (NASDAQ:CRUS) posted its quarterly earnings data on Wednesday, July, 31st. The semiconductor company reported $0.19 earnings per share (EPS) for the quarter, beating the Zacks' consensus estimate of ($0.02) by $0.21. The semiconductor company earned $238.25 million during the quarter, compared to the consensus estimate of $221.08 million. Cirrus Logic had a net margin of 8.46% and a return on equity of 10.96%. The business's revenue was down 6.4% compared to the same quarter last year. During the same period last year, the company posted $0.28 EPS. 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 Wednesday, October 30th 2019. View Earnings Estimates for Cirrus Logic.

How can I listen to Cirrus Logic's earnings call?

Cirrus Logic will be holding an earnings conference call on Wednesday, October 30th at 12:00 AM Eastern. Interested parties can register for or listen to the call using this link or dial in at Not Available.

What guidance has Cirrus Logic issued on next quarter's earnings?

Cirrus Logic issued an update on its second quarter 2020 earnings guidance on Wednesday, July, 31st. The company provided EPS guidance of for the period. The company issued revenue guidance of $300-340 million, compared to the consensus revenue estimate of $300.01 million.

What price target have analysts set for CRUS?

9 Wall Street analysts have issued 1-year price targets for Cirrus Logic's stock. Their forecasts range from $42.00 to $62.00. On average, they anticipate Cirrus Logic's share price to reach $54.00 in the next year. This suggests that the stock has a possible downside of 4.2%. 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 1 sell rating, 4 hold ratings and 4 buy ratings for the stock, resulting in a consensus recommendation of "Hold." View Analyst Ratings for Cirrus Logic.

What are Wall Street analysts saying about Cirrus Logic stock?

Here are some recent quotes from research analysts about Cirrus Logic stock:
  • 1. According to Zacks Investment Research, "Cirrus Logic’s fourth-quarter fiscal 2019 earnings and revenues trumped estimates. The company’s steadfast execution target, wider customer base and efforts to capitalize on solid demand for powerful audio and voice components are key drivers. Cirrus significantly expanded its entry in the Android market by adding a second 10% customer. Ramped-up sales of boosted amplifiers are a positive. The company is also gaining momentum from the haptic driver product line as it forays into the adjacent markets beyond audio and voice. Growth opportunities in digital headsets, MEMS microphones and voice biometrics are likely to be the key drivers in the long term. However, weak sales of portable audio products are a persistent threat to the company. The stock has underperformed the industry in the past year." (5/8/2019)
  • 2. Needham & Company LLC analysts commented, "As part of our AI / IoT call series, we hosted a well- attended call with to discuss the company’s voice biometrics initiative. Voice as an interface has grown over the past 5 years. Specifically, the adoption of voice trigger has accelerated; however, reliable authentication continues to pose a serious issue. Although we are in the early innings of voice biometrics business, we believe CRUS is well-positioned to solve user authentication through a combination of software and custom silicon to meet the various needs of its smartphone OEM customers." (11/21/2018)

Has Cirrus Logic been receiving favorable news coverage?

Headlines about CRUS stock have been trending negative recently, InfoTrie Sentiment Analysis reports. The research firm identifies negative and positive press coverage by reviewing more than six thousand blog and news sources in real time. The firm ranks coverage of publicly-traded companies on a scale of -5 to 5, with scores closest to five being the most favorable. Cirrus Logic earned a coverage optimism score of -2.1 on InfoTrie's scale. They also assigned press coverage about the semiconductor company a news buzz of 10.0 out of 10, indicating that recent press coverage is extremely likely to have an impact on the stock's share price in the near term. View News Stories for Cirrus Logic.

Who are some of Cirrus Logic's key competitors?

What other stocks do shareholders of Cirrus Logic own?

Based on aggregate information from My MarketBeat watchlists, some companies that other Cirrus Logic investors own include Hawkins (HWKN), CA (CA), Micron Technology (MU), Netflix (NFLX), NVIDIA (NVDA), Intel (INTC), Skyworks Solutions (SWKS), Alibaba Group (BABA), Alphabet (GOOG) and Bank of America (BAC).

Who are Cirrus Logic's key executives?

Cirrus Logic's management team includes the folowing people:
  • Dr. Jason P. Rhode, Pres, CEO & Director (Age 49)
  • Mr. Thurman K. Case, CFO, Chief Accounting Officer & VP (Age 62)
  • Mr. Gregory Scott Thomas, Sr. VP, Gen. Counsel & Corp. Sec. (Age 53)
  • Ms. Jo-Dee M. Benson, Chief Culture Officer & VP (Age 59)
  • Mr. Scott A. Anderson, Sr. VP of Supply Chain & Engineering Operations (Age 65)

Who are Cirrus Logic's major shareholders?

Cirrus Logic's stock is owned by a variety of of retail and institutional investors. Top institutional investors include Smith Graham & Co. Investment Advisors LP (0.35%), Robeco Institutional Asset Management B.V. (0.17%), Envestnet Asset Management Inc. (0.04%), Strs Ohio (0.04%), Pacer Advisors Inc. (0.04%) and State of Michigan Retirement System (0.03%). Company insiders that own Cirrus Logic stock include Bradley J Fluke, Christine King, David J Tupman, Jason P Rhode, 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.

Which major investors are selling Cirrus Logic stock?

CRUS stock was sold by a variety of institutional investors in the last quarter, including Robeco Institutional Asset Management B.V., Smith Graham & Co. Investment Advisors LP, Strs Ohio, Pacer Advisors Inc. and State of Michigan Retirement System. Company insiders that have sold Cirrus Logic company stock in the last year include Bradley J Fluke, David J Tupman, Jason P Rhode, Randolph K Carlson, Scott Arnold Anderson, Scott Thomas, Thurman K Case and Timothy R Dehne. View Insider Buying and Selling for Cirrus Logic.

Which major investors are buying Cirrus Logic stock?

CRUS stock was purchased by a variety of institutional investors in the last quarter, including Envestnet Asset Management Inc., State of Alaska Department of Revenue, Fox Run Management L.L.C., Virginia Retirement Systems ET AL, Meeder Asset Management Inc. and Cardinal Capital Management. 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, Robinhood, Fidelity and Charles Schwab.

What is Cirrus Logic's stock price today?

One share of CRUS stock can currently be purchased for approximately $56.36.

How big of a company is Cirrus Logic?

Cirrus Logic has a market capitalization of $3.28 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.

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:  3.0 out of 5 (star star star)
Outperform Votes:  617 (Vote Outperform)
Underperform Votes:  406 (Vote Underperform)
Total Votes:  1,023
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 10/22/2019 by MarketBeat.com Staff

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