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 approved a share buyback plan on Tuesday, February 6th 2018, which authorizes the company to repurchase $200,000,000.00 in outstanding shares, according to EventVestor. This repurchase authorization authorizes the company to reacquire shares of its stock through open market purchases. Shares repurchase plans are typically a sign that the company's board of directors believes its stock is undervalued.

Cirrus Logic, Inc. (NASDAQ:CRUS) released its earnings results on Thursday, November, 1st. The semiconductor company reported $1.08 EPS for the quarter, beating the Thomson Reuters' 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 business's revenue was down 13.9% compared to the same quarter last year. During the same period 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 Monday, February 4th 2019. View Earnings Estimates for Cirrus Logic.

9 Wall Street analysts have issued 1-year target prices for Cirrus Logic's shares. Their forecasts range from $30.00 to $60.00. On average, they expect Cirrus Logic's stock price to reach $47.3750 in the next twelve months. This suggests a possible upside of 22.1% 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 stories about CRUS stock have been trending somewhat positive on Monday, according to InfoTrie Sentiment Analysis. The research firm identifies negative and positive news coverage by analyzing more than six thousand news and blog sources. The firm ranks coverage of public companies on a scale of negative five to positive five, with scores nearest to five being the most favorable. Cirrus Logic earned a news impact score of 1.1 on InfoTrie's scale. They also assigned media stories about the semiconductor company a news buzz of 2.0 out of 10, indicating that recent news coverage is very unlikely to have an effect on the company's share price in the next several days.

Some companies that are related to Cirrus Logic include Qorvo (QRVO), ASE Technology (ASX), ON Semiconductor (ON), IPG Photonics (IPGP), Integrated Device Technology (IDTI), Monolithic Power Systems (MPWR), Cypress Semiconductor (CY), Mellanox Technologies (MLNX), First Solar (FSLR), Cree (CREE), United Microelectronics (UMC), SUMCO Corp/ADR (SUOPY), Semiconductor Manufacturing Int'l (SMI), AU Optronics (AUO) and Silicon Laboratories (SLAB).

Cirrus Logic's stock is owned by a variety of of institutional and retail investors. Top institutional investors include BlackRock Inc. (12.58%), LSV Asset Management (5.49%), AQR Capital Management LLC (4.62%), FMR LLC (4.40%), Dimensional Fund Advisors LP (3.80%) and Bank of New York Mellon Corp (2.42%). 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, Jane Street Group LLC, TIAA CREF Investment Management LLC and Man Group plc. 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 acquired 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, Russell Investments Group Ltd. and BlueMountain Capital Management 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 $38.80.

Cirrus Logic has a market capitalization of $2.32 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]