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

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

Cirrus Logic declared that its Board of Directors has approved a share repurchase plan on Tuesday, February 6th 2018, which permits the company to buyback $200,000,000.00 in shares, according to EventVestor. This buyback authorization permits the company to buy shares of its stock through open market purchases. Shares buyback plans are usually a sign that the company's board of directors believes its shares are undervalued.

Cirrus Logic, Inc. (NASDAQ:CRUS) released its quarterly earnings results on Thursday, November, 1st. The semiconductor company reported $1.08 earnings per share (EPS) for the quarter, topping the Zacks' 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 company's quarterly revenue was down 13.9% compared to the same quarter last year. During the same quarter in the previous year, the company 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.

9 equities research analysts have issued 1-year price targets for Cirrus Logic's shares. Their predictions range from $29.00 to $60.00. On average, they expect Cirrus Logic's share price to reach $45.1250 in the next twelve months. This suggests a possible upside of 27.0% 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.

News articles about CRUS stock have been trending negative recently, according to InfoTrie. The research firm ranks the sentiment of media coverage by monitoring more than six thousand blog and news sources in real time. The firm ranks coverage of companies on a scale of negative five to positive five, with scores closest to five being the most favorable. Cirrus Logic earned a coverage optimism score of -2.5 on InfoTrie's scale. They also gave news headlines about the semiconductor company a news buzz of 2.0 out of 10, indicating that recent media coverage is very unlikely to have an effect on the stock's share price in the near future.

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), Mellanox Technologies (MLNX), United Microelectronics (UMC), Advantest (ATEYY), AU Optronics (AUO), Semiconductor Manufacturing Int'l (SMI) and Silicon Laboratories (SLAB).

Cirrus Logic's stock is owned by a number of of institutional and retail investors. Top institutional investors include Retirement Systems of Alabama (0.13%) and Louisiana State Employees Retirement System (0.03%). 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 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.

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 $35.52.

Cirrus Logic has a market capitalization of $2.14 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]