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

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$41.00 -1.20 (-2.84 %)
(As of 05/20/2019 04:00 PM ET)
Previous Close$42.20
Today's Range$40.76 - $41.9488
52-Week Range$31.25 - $50.12
Volume1.24 million shs
Average Volume717,434 shs
Market Capitalization$2.42 billion
P/E Ratio20.00
Dividend YieldN/A
Beta0.65
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. 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

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$4.9757 per share
Book Value$19.28 per share

Profitability

Net Income$89.99 million

Miscellaneous

Employees1,596
Market Cap$2.42 billion
Next Earnings Date8/7/2019 (Estimated)
OptionableOptionable

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 has authorized a stock buyback program on Wednesday, January 30th 2019, which allows the company to buyback $200,000,000.00 in outstanding shares, according to EventVestor. This buyback authorization allows the company to purchase up to 8.9% of its stock through open market purchases. Stock buyback programs are typically an indication that the company's management believes its stock is undervalued.

How were Cirrus Logic's earnings last quarter?

Cirrus Logic, Inc. (NASDAQ:CRUS) issued its quarterly earnings results on Wednesday, May, 1st. The semiconductor company reported $0.16 EPS for the quarter, beating the consensus estimate of $0.12 by $0.04. The semiconductor company earned $240.44 million during the quarter, compared to analysts' expectations of $219.67 million. Cirrus Logic had a return on equity of 10.65% and a net margin of 7.59%. The business's quarterly revenue was down 20.7% on a year-over-year basis. During the same period in the prior year, the company posted $0.51 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 7th 2019. View Earnings Estimates for Cirrus Logic.

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

Cirrus Logic updated its first quarter 2020 earnings guidance on Wednesday, May, 1st. The company provided earnings per share (EPS) guidance of for the period. The company issued revenue guidance of $200-240 million, compared to the consensus revenue estimate of $220.9 million.

What price target have analysts set for CRUS?

7 Wall Street analysts have issued 12 month price objectives for Cirrus Logic's shares. Their forecasts range from $29.00 to $59.00. On average, they expect Cirrus Logic's stock price to reach $43.1667 in the next year. This suggests a possible upside of 5.3% from the stock's current price. View Analyst Price Targets for Cirrus Logic.

What is the consensus analysts' recommendation for Cirrus Logic?

7 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 2 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?

News articles about CRUS stock have trended somewhat negative this week, InfoTrie reports. InfoTrie rates the sentiment of news coverage by analyzing more than six thousand news and blog sources in real time. The firm ranks coverage of public companies on a scale of -5 to 5, with scores nearest to five being the most favorable. Cirrus Logic earned a daily sentiment score of -1.0 on InfoTrie's scale. They also assigned news articles about the semiconductor company a news buzz of 10.0 out of 10, indicating that recent news coverage is extremely likely to have an effect on the stock's share price in the next few days.

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), Skyworks Solutions (SWKS), Alibaba Group (BABA), Home Depot (HD) and Starbucks (SBUX).

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 retail and institutional investors. Top institutional investors include BlackRock Inc. (13.39%), LSV Asset Management (5.51%), AQR Capital Management LLC (4.57%), Dimensional Fund Advisors LP (3.73%), FMR LLC (3.16%) and JPMorgan Chase & Co. (2.10%). Company insiders that own Cirrus Logic stock include Alan R Schuele, Andrew Brannan, Bradley J Fluke, Christine King, David J Tupman, 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 FMR LLC, Morgan Stanley, JPMorgan Chase & Co., New Amsterdam Partners LLC NY, Federated Investors Inc. PA, Great Lakes Advisors LLC, Alambic Investment Management L.P. and Hsbc Holdings PLC. Company insiders that have sold Cirrus Logic company stock in the last year include David J Tupman, Randolph K Carlson, Scott Arnold Anderson, Scott Thomas, Timothy R Dehne and William D Sherman. View Insider Buying and Selling for Cirrus Logic.

Which institutional investors are buying Cirrus Logic stock?

CRUS stock was bought by a variety of institutional investors in the last quarter, including AQR Capital Management LLC, BlackRock Inc., Royce & Associates LP, Jacobs Levy Equity Management Inc., Goldman Sachs Group Inc., Wells Fargo & Company MN, Spark Investment Management LLC and Voya Investment Management 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 $41.00.

How big of a company is Cirrus Logic?

Cirrus Logic has a market capitalization of $2.42 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 1,596 workers across the globe.

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:  586 (Vote Outperform)
Underperform Votes:  377 (Vote Underperform)
Total Votes:  963
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 5/20/2019 by MarketBeat.com Staff

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