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

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$39.69 -0.58 (-1.44 %)
(As of 07/17/2018 05:30 AM ET)
Previous Close$40.27
Today's Range$39.51 - $40.45
52-Week Range$34.78 - $66.87
Volume622,800 shs
Average Volume1.10 million shs
Market Capitalization$2.46 billion
P/E Ratio10.94
Dividend YieldN/A
Beta0.26
Cirrus Logic logoCirrus 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. The company also provides SoundClear technology, which consists of a portfolio of tools, software, and algorithms that offer enhanced voice quality, voice capture, and audio playback features. It provides its products for portable applications, including smartphones, tablets, digital headsets, and speakers, as well as for wearables, such as smart watches and smart bands, VR headsets, and action cameras. The company's products are also used in laptops, audio/video receivers, home theater systems, set-up boxes, musical instruments, and professional audio products applications; and serve the automotive market, which include satellite radio systems, telematics, and multi-speaker car-audio systems. In addition, the company's products are used in industrial and energy-related applications, including digital utility meter, power supply, energy control, energy measurement, and energy exploration applications. It markets and sells its products through direct sales force, external sales representatives, and distributors in the United States and internationally. Cirrus Logic, Inc. was founded in 1984 and is headquartered in Austin, Texas.

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Industry, Sector and Symbol

Stock Exchange NASDAQ
Industry Semiconductors & related devices
Sub-IndustrySemiconductors
SectorComputer and Technology
SymbolNASDAQ:CRUS
CUSIP17275510
Phone512-851-4000

Debt

Debt-to-Equity RatioN/A
Current Ratio4.38
Quick Ratio2.91

Price-To-Earnings

Trailing P/E Ratio10.94
Forward P/E Ratio15.38
P/E Growth1.41

Sales & Book Value

Annual Sales$1.53 billion
Price / Sales1.58
Cash Flow$5.0496 per share
Price / Cash7.86
Book Value$18.33 per share
Price / Book2.17

Profitability

EPS (Most Recent Fiscal Year)$3.69
Net Income$161.99 million
Net Margins10.57%
Return on Equity20.50%
Return on Assets16.89%

Miscellaneous

Employees1,596
Outstanding Shares60,990,000
Market Cap$2,455.87

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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 declared that its Board of Directors has initiated a stock buyback plan on Tuesday, February 6th 2018, which allows the company to repurchase $200,000,000.00 in shares, according to EventVestor. This repurchase authorization allows the company to purchase shares of its stock through open market purchases. Stock repurchase plans are often an indication that the company's board believes its stock is undervalued.

How were Cirrus Logic's earnings last quarter?

Cirrus Logic, Inc. (NASDAQ:CRUS) posted its quarterly earnings results on Wednesday, May, 2nd. The semiconductor company reported $0.51 EPS for the quarter, missing the Zacks' consensus estimate of $0.58 by $0.07. The semiconductor company had revenue of $303.20 million for the quarter, compared to analysts' expectations of $316.57 million. Cirrus Logic had a net margin of 10.57% and a return on equity of 20.50%. The business's revenue for the quarter was down 7.5% on a year-over-year basis. During the same quarter last year, the firm earned $0.85 earnings per share. 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 Wednesday, August, 1st 2018. View Earnings Estimates for Cirrus Logic.

What price target have analysts set for CRUS?

10 equities research analysts have issued 1 year target prices for Cirrus Logic's stock. Their predictions range from $32.00 to $80.00. On average, they anticipate Cirrus Logic's share price to reach $53.1111 in the next twelve months. This suggests a possible upside of 33.8% from the stock's current price. View Analyst Ratings for Cirrus Logic.

What is the consensus analysts' recommendation for Cirrus Logic?

10 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 6 buy ratings for the stock, resulting in a consensus recommendation of "Hold."

Are investors shorting Cirrus Logic?

Cirrus Logic saw a drop in short interest in the month of June. As of June 29th, there was short interest totalling 7,504,149 shares, a drop of 23.7% from the June 15th total of 9,832,470 shares. Based on an average trading volume of 1,431,242 shares, the days-to-cover ratio is currently 5.2 days. Approximately 12.4% of the company's stock are short sold. View Cirrus Logic's Current Options Chain.

Who are some of Cirrus Logic's key competitors?

Who are Cirrus Logic's key executives?

Cirrus Logic's management team includes the folowing people:
  • Dr. Jason P. Rhode, CEO, Pres & Director (Age 48)
  • Mr. Thurman K. Case, CFO, Chief Accounting Officer & VP (Age 61)
  • Mr. Gregory Scott Thomas, Sr. VP, Gen. Counsel & Corp. Sec. (Age 52)
  • Ms. Jo-Dee M. Benson, Chief Culture Officer & VP (Age 58)
  • Mr. Scott A. Anderson, Sr. VP & GM of Mixed-Signal Audio Division (Age 64)

Has Cirrus Logic been receiving favorable news coverage?

Press coverage about CRUS stock has trended positive this week, according to Accern Sentiment Analysis. The research group rates the sentiment of media coverage by analyzing more than twenty million news and blog sources in real time. Accern ranks coverage of companies on a scale of -1 to 1, with scores nearest to one being the most favorable. Cirrus Logic earned a news sentiment score of 0.28 on Accern's scale. They also assigned news stories about the semiconductor company an impact score of 45.15 out of 100, indicating that recent media coverage is somewhat unlikely to have an impact on the company's share price in the near future.

Who are Cirrus Logic's major shareholders?

Cirrus Logic's stock is owned by many different of institutional and retail investors. Top institutional shareholders include Peregrine Capital Management LLC (0.34%), Empowered Funds LLC (0.13%), Adams Asset Advisors LLC (0.04%), Empirical Finance LLC (0.04%) and Juncture Wealth Strategies LLC (0.02%). 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.

Which major investors are selling Cirrus Logic stock?

CRUS stock was sold by a variety of institutional investors in the last quarter, including Empirical Finance LLC, Peregrine Capital Management LLC and Juncture Wealth Strategies 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.

Which major investors are buying Cirrus Logic stock?

CRUS stock was purchased by a variety of institutional investors in the last quarter, including Adams Asset Advisors LLC and Empowered Funds LLC. 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 $39.69.

How big of a company is Cirrus Logic?

Cirrus Logic has a market capitalization of $2.46 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.

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:  3.2 out of 5 (star star star)
Outperform Votes:  522 (Vote Outperform)
Underperform Votes:  292 (Vote Underperform)
Total Votes:  814
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 7/17/2018 by MarketBeat.com Staff

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