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

$54.98
+0.27 (+0.49 %)
(As of 08/21/2019 04:00 PM ET)
Today's Range
$54.91
Now: $54.98
$55.69
50-Day Range
$41.45
MA: $49.06
$58.85
52-Week Range
$31.25
Now: $54.98
$60.00
Volume490,800 shs
Average Volume705,348 shs
Market Capitalization$3.20 billion
P/E Ratio26.82
Dividend YieldN/A
Beta0.95
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$3.5153 per share
Book Value$19.28 per share

Profitability

Net Income$89.99 million

Miscellaneous

Employees1,551
Market Cap$3.20 billion
Next Earnings Date11/7/2019 (Estimated)
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 announced that its Board of Directors has authorized a share repurchase plan on Wednesday, January 30th 2019, which authorizes the company to repurchase $200,000,000.00 in shares, according to EventVestor. This repurchase authorization authorizes the company to buy up to 8.9% of its shares through open market purchases. Shares repurchase plans are typically an indication that the company's board of directors believes its stock is undervalued.

How were Cirrus Logic's earnings last quarter?

Cirrus Logic, Inc. (NASDAQ:CRUS) announced its quarterly earnings data on Wednesday, July, 31st. The semiconductor company reported $0.19 earnings per share for the quarter, topping the Thomson Reuters' consensus estimate of ($0.02) by $0.21. The semiconductor company had revenue of $238.25 million for 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 firm's revenue for the quarter was down 6.4% on a year-over-year basis. During the same quarter in the prior year, the firm 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 Thursday, November 7th 2019. View Earnings Estimates for Cirrus Logic.

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

Cirrus Logic updated its second quarter 2020 earnings guidance on Wednesday, July, 31st. The company provided earnings per share (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?

8 brokerages have issued 12-month target prices for Cirrus Logic's shares. Their forecasts range from $30.00 to $62.00. On average, they expect Cirrus Logic's share price to reach $49.2857 in the next twelve months. This suggests that the stock has a possible downside of 10.4%. View Analyst Price Targets for Cirrus Logic.

What is the consensus analysts' recommendation for Cirrus Logic?

8 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Cirrus Logic in the last year. There are currently 2 sell ratings, 3 hold ratings and 3 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?

Press coverage about CRUS stock has trended positive this week, InfoTrie Sentiment reports. The research firm identifies negative and positive news coverage by reviewing more than six thousand blog and news sources in real time. The firm ranks coverage of public companies on a scale of negative five to positive five, with scores closest to five being the most favorable. Cirrus Logic earned a media sentiment score of 2.5 on InfoTrie's scale. They also assigned news articles about the semiconductor company a news buzz of 6.0 out of 10, meaning that recent news coverage is somewhat likely to have an effect on the company's share price in the next several days. View News Stories for Cirrus Logic.

Are investors shorting Cirrus Logic?

Cirrus Logic saw a decrease in short interest in the month of July. As of July 15th, there was short interest totalling 3,694,800 shares, a decrease of 9.8% from the June 15th total of 4,097,400 shares. Based on an average daily volume of 630,400 shares, the days-to-cover ratio is presently 5.9 days. Currently, 6.3% of the company's shares are short sold. View Cirrus Logic's Current Options Chain.

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), Micron Technology (MU), CA (CA), Netflix (NFLX), NVIDIA (NVDA), Intel (INTC), Alibaba Group (BABA), Skyworks Solutions (SWKS), Starbucks (SBUX) and Alphabet (GOOG).

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 institutional and retail investors. Top institutional investors include BlackRock Inc. (14.85%), Vanguard Group Inc. (9.91%), LSV Asset Management (5.50%), AQR Capital Management LLC (4.82%), JPMorgan Chase & Co. (1.99%) and Northern Trust Corp (1.85%). Company insiders that own Cirrus Logic stock include Andrew Brannan, 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 institutional investors are selling Cirrus Logic stock?

CRUS stock was sold by a variety of institutional investors in the last quarter, including Canada Pension Plan Investment Board, Jacobs Levy Equity Management Inc., Vanguard Group Inc., Capital Fund Management S.A., JPMorgan Chase & Co., Great Lakes Advisors LLC, LSV Asset Management and Russell Investments Group Ltd.. 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 institutional investors are buying Cirrus Logic stock?

CRUS stock was acquired by a variety of institutional investors in the last quarter, including BlackRock Inc., APG Asset Management N.V., Nuveen Asset Management LLC, Man Group plc, Morgan Stanley, Ontario Teachers Pension Plan Board, Grantham Mayo Van Otterloo & Co. LLC and D. E. Shaw & Co. Inc.. 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, Scottrade, Fidelity and Charles Schwab.

What is Cirrus Logic's stock price today?

One share of CRUS stock can currently be purchased for approximately $54.98.

How big of a company is Cirrus Logic?

Cirrus Logic has a market capitalization of $3.20 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:  604 (Vote Outperform)
Underperform Votes:  395 (Vote Underperform)
Total Votes:  999
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 8/21/2019 by MarketBeat.com Staff

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