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 has authorized a share buyback program on Tuesday, February 6th 2018, which authorizes the company to buyback $200,000,000.00 in outstanding shares, according to EventVestor. This buyback authorization authorizes the company to buy shares of its stock through open market purchases. Shares buyback programs are typically an indication that the company's leadership believes its stock is undervalued.

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

Cirrus Logic is scheduled to release their next quarterly earnings announcement on Monday, February 4th 2019. View Earnings Estimates for Cirrus Logic.

9 brokers have issued 1-year price targets for Cirrus Logic's shares. Their predictions range from $29.00 to $60.00. On average, they anticipate Cirrus Logic's share price to reach $45.1250 in the next year. This suggests a possible upside of 25.6% 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 coverage about CRUS stock has trended somewhat negative this week, InfoTrie reports. The research firm identifies negative and positive media coverage by reviewing more than six thousand news and blog sources. The firm ranks coverage of companies on a scale of negative five to five, with scores closest to five being the most favorable. Cirrus Logic earned a news impact score of -1.1 on InfoTrie's scale. They also assigned press coverage about the semiconductor company a news buzz of 8.0 out of 10, meaning that recent media coverage is very likely to have an effect on the stock's share price in the immediate 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), Mellanox Technologies (MLNX), Cypress Semiconductor (CY), Cree (CREE), First Solar (FSLR), Semiconductor Manufacturing Int'l (SMI), United Microelectronics (UMC), AU Optronics (AUO), Silicon Laboratories (SLAB) and SUMCO CORP/ADR (SUOPY).

Cirrus Logic's stock is owned by a variety of of institutional and retail investors. Top institutional investors include BlackRock Inc. (12.58%), Vanguard Group Inc. (9.39%), Vanguard Group Inc (9.39%), LSV Asset Management (5.49%), AQR Capital Management LLC (4.62%) and FMR LLC (4.40%). 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, Scott Thomas, 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 BlackRock Inc., FMR LLC, Deutsche Bank AG, Schroder Investment Management Group, Chicago Equity Partners LLC, Morgan Stanley, Federated Investors Inc. PA and Jane Street Group LLC. Company insiders that have sold Cirrus Logic company stock in the last year include Christine King, 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 JPMorgan Chase & Co., JPMorgan Chase & Co., Franklin Resources Inc., Partner Fund Management L.P., Prudential Financial Inc., Royce & Associates LP, Great Lakes Advisors LLC and Russell Investments Group Ltd.. 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 $35.94.

Cirrus Logic has a market capitalization of $2.25 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]