NASDAQ:CRUS - Cirrus Logic Stock Price, Price Target & More

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

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

Cirrus Logic, Inc. (NASDAQ:CRUS) issued its quarterly earnings data on Wednesday, May, 2nd. The semiconductor company reported $0.51 EPS for the quarter, missing the consensus estimate of $0.58 by $0.07. The semiconductor company had revenue of $303.20 million for the quarter, compared to analyst estimates of $316.57 million. Cirrus Logic had a net margin of 10.57% and a return on equity of 20.50%. The firm's revenue was down 7.5% on a year-over-year basis. During the same period last year, the company earned $0.85 EPS. View Cirrus Logic's Earnings History.

Cirrus Logic is scheduled to release their next quarterly earnings announcement on Tuesday, July, 31st 2018. View Earnings Estimates for Cirrus Logic.

10 analysts have issued 1-year target prices for Cirrus Logic's shares. Their forecasts range from $32.00 to $80.00. On average, they expect Cirrus Logic's share price to reach $55.30 in the next year. View Analyst Ratings for Cirrus Logic.

Some companies that are related to Cirrus Logic include Microsemi (MSCC), United Microelectronics (UMC), Semiconductor Manufacturing Int'l (SMI), Cypress Semiconductor (CY), SUMCO Corp/ADR (SUOPY), Monolithic Power Systems (MPWR), Cavium (CAVM), First Solar (FSLR), Siliconware Precision Industries (SPIL), Cree (CREE), Silicon Laboratories (SLAB), Mellanox Technologies (MLNX), Integrated Device Technology (IDTI), AU Optronics (AUO) and Advantest (ATEYY).

Media headlines about CRUS stock have been trending somewhat positive this week, according to Accern Sentiment. Accern ranks the sentiment of press coverage by analyzing more than 20 million news and blog sources in real time. Accern ranks coverage of companies on a scale of -1 to 1, with scores closest to one being the most favorable. Cirrus Logic earned a media sentiment score of 0.04 on Accern's scale. They also assigned media coverage about the semiconductor company an impact score of 46.99 out of 100, meaning that recent press coverage is somewhat unlikely to have an impact on the company's share price in the next several days.

Cirrus Logic's stock is owned by many different of institutional and retail investors. Top institutional shareholders include BlackRock Inc. (12.43%), LSV Asset Management (5.12%), Dimensional Fund Advisors LP (3.05%), Northern Trust Corp (1.79%), Old Mutual Global Investors UK Ltd. (1.26%) and Schroder Investment Management Group (0.83%). Company insiders that own Cirrus Logic stock include Alan R Schuele, Alexander M Davern, Andrew Brannan, Bradley J Fluke, Christine King, David J Tupman, Jason P Rhode, John C Carter, Randolph K Carlson, Rashpal Sahota, Scott Arnold Anderson, Scott Thomas, Thurman K Case 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 Prudential Financial Inc., Old Mutual Global Investors UK Ltd., Burney Co., Russell Investments Group Ltd., New Amsterdam Partners LLC NY, Allianz Asset Management GmbH, Allianz Asset Management GmbH and A.R.T. Advisors LLC. Company insiders that have sold Cirrus Logic company stock in the last year include Alan R Schuele, Andrew Brannan, Bradley J Fluke, Christine King, Randolph K Carlson, Thurman K Case 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 BlackRock Inc., Dimensional Fund Advisors LP, Millennium Management LLC, Seven Eight Capital LP, UBS Group AG, Federated Investors Inc. PA, Spark Investment Management LLC and Harvest Capital Strategies 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 $37.55.

Cirrus Logic has a market capitalization of $2.33 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.

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]