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

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

Cirrus Logic announced that its Board of Directors has approved a stock buyback program on Tuesday, February 6th 2018, which allows the company to repurchase $200,000,000.00 in shares, according to EventVestor. This repurchase authorization allows the company to buy shares of its stock through open market purchases. Shares repurchase programs are typically an indication that the company's leadership believes its stock is undervalued.

Cirrus Logic, Inc. (NASDAQ:CRUS) announced its earnings results on Thursday, November, 1st. The semiconductor company reported $1.08 EPS for the quarter, topping the Zacks' 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%. Cirrus Logic's revenue for the quarter was down 13.9% on a year-over-year basis. During the same quarter in the prior year, the firm earned $1.36 EPS. 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.

Cirrus Logic will be holding an earnings conference call on Wednesday, January 30th at 5:00 PM Eastern. Interested parties can register for or listen to the call using this link.

9 Wall Street analysts have issued 1 year price targets for Cirrus Logic's stock. Their forecasts range from $29.00 to $60.00. On average, they anticipate Cirrus Logic's stock price to reach $45.1250 in the next twelve months. This suggests a possible upside of 26.5% 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.

Headlines about CRUS stock have trended very positive recently, according to InfoTrie. The research firm identifies positive and negative press coverage by analyzing more than six thousand blog and news sources. The firm ranks coverage of publicly-traded companies on a scale of negative five to positive five, with scores closest to five being the most favorable. Cirrus Logic earned a news sentiment score of 3.2 on InfoTrie's scale. They also assigned news stories about the semiconductor company a news buzz of 4.0 out of 10, meaning that recent press coverage is somewhat unlikely to have an effect on the company's share price in the near term.

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), Semiconductor Manufacturing Int'l (SMI), AU Optronics (AUO), Advantest (ATEYY) 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%), BB&T Corp (0.04%), Louisiana State Employees Retirement System (0.03%), Virtu Financial LLC (0.02%) and Juncture Wealth Strategies LLC (0.02%). 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, BB&T Corp, 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 $35.66.

Cirrus Logic has a market capitalization of $2.13 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]