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 has initiated a share repurchase program on Tuesday, February 6th 2018, which authorizes the company to buyback $200,000,000.00 in shares, according to EventVestor. This buyback authorization authorizes the company to reacquire shares of its stock through open market purchases. Stock buyback programs are usually a sign that the company's board believes its stock is undervalued.

Cirrus Logic, Inc. (NASDAQ:CRUS) issued its earnings results on Thursday, November, 1st. The semiconductor company reported $1.08 EPS for the quarter, beating the Zacks' consensus estimate of $0.74 by $0.34. The semiconductor company had revenue of $366.30 million for the quarter, compared to analyst estimates of $330.27 million. Cirrus Logic had a return on equity of 15.55% and a net margin of 7.09%. The firm's quarterly revenue was down 13.9% on a year-over-year basis. During the same quarter last year, the company earned $1.36 earnings per share. 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 12-month 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 year. 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.

Media headlines about CRUS stock have been trending very positive this week, according to InfoTrie. InfoTrie ranks the sentiment of press coverage by analyzing more than six thousand blog and news sources in real time. The firm ranks coverage of publicly-traded companies on a scale of negative five to five, with scores nearest to five being the most favorable. Cirrus Logic earned a media sentiment score of 3.2 on InfoTrie's scale. They also assigned media coverage about the semiconductor company a news buzz of 4.0 out of 10, indicating that recent press coverage is somewhat unlikely to have an impact on the stock's share price in the next several days.

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 many different of retail and institutional investors. Top institutional investors 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 acquired 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]