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

$54.98
+0.27 (+0.49 %)
(As of 08/22/2019 09:22 AM ET)
Today's Range
$54.91
Now: $54.98
$55.66
50-Day Range
$41.45
MA: $49.06
$58.85
52-Week Range
$31.25
Now: $54.98
$60.00
Volume440,042 shs
Average Volume981,333 shs
Market Capitalization$3.20 billion
P/E Ratio26.82
Dividend YieldN/A
Beta0.95
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. Read More…

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$3.5131 per share
Book Value$19.22 per share

Profitability

Net Income$89.99 million

Miscellaneous

Employees1,551
Market Cap$3.20 billion
Next Earnings Date11/7/2019 (Estimated)
OptionableOptionable

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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 announced that its Board of Directors has approved a stock buyback plan on Wednesday, January 30th 2019, which permits the company to repurchase $200,000,000.00 in shares, according to EventVestor. This repurchase authorization permits the company to reacquire up to 8.9% of its stock through open market purchases. Stock repurchase plans are often an indication that the company's board believes its shares are undervalued.

How were Cirrus Logic's earnings last quarter?

Cirrus Logic, Inc. (NASDAQ:CRUS) posted its quarterly earnings results on Wednesday, July, 31st. The semiconductor company reported $0.19 earnings per share for the quarter, beating the consensus estimate of ($0.02) by $0.21. The semiconductor company earned $238.25 million during the quarter, compared to the consensus estimate of $221.08 million. Cirrus Logic had a return on equity of 10.96% and a net margin of 8.46%. The business's revenue was down 6.4% compared to the same quarter last year. During the same quarter in the previous year, the company earned $0.28 EPS. 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 Thursday, November 7th 2019. View Earnings Estimates for Cirrus Logic.

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

Cirrus Logic issued an update on its second quarter 2020 earnings guidance on Wednesday, July, 31st. The company provided earnings per share guidance of for the period. The company issued revenue guidance of $300-340 million, compared to the consensus revenue estimate of $300.01 million.

What price target have analysts set for CRUS?

8 Wall Street analysts have issued 1 year target prices for Cirrus Logic's shares. Their forecasts range from $30.00 to $62.00. On average, they anticipate Cirrus Logic's stock price to reach $49.2857 in the next twelve months. This suggests that the stock has a possible downside of 10.4%. View Analyst Price Targets for Cirrus Logic.

What is the consensus analysts' recommendation for Cirrus Logic?

8 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 3 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?

Headlines about CRUS stock have trended positive recently, InfoTrie Sentiment reports. The research firm scores the sentiment of media coverage by reviewing more than six thousand blog and news sources. 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 2.5 on InfoTrie's scale. They also gave news coverage about the semiconductor company a news buzz of 6.0 out of 10, indicating that recent media coverage is somewhat likely to have an impact on the stock's share price in the immediate future. View News Stories for Cirrus Logic.

Are investors shorting Cirrus Logic?

Cirrus Logic saw a decline in short interest in July. As of July 15th, there was short interest totalling 3,694,800 shares, a decline of 9.8% from the June 15th total of 4,097,400 shares. Based on an average daily trading volume, of 630,400 shares, the days-to-cover ratio is currently 5.9 days. Approximately 6.3% of the shares of the stock are short sold. View Cirrus Logic's Current Options Chain.

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), Alibaba Group (BABA), Skyworks Solutions (SWKS), Starbucks (SBUX) and Alphabet (GOOG).

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 many different of retail and institutional investors. Top institutional shareholders include BlackRock Inc. (14.85%), Vanguard Group Inc. (9.91%), LSV Asset Management (5.50%), AQR Capital Management LLC (4.82%), JPMorgan Chase & Co. (1.99%) and Northern Trust Corp (1.85%). Company insiders that own Cirrus Logic stock include Andrew Brannan, Bradley J Fluke, Christine King, David J Tupman, Jason P Rhode, 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 major investors are selling Cirrus Logic stock?

CRUS stock was sold by a variety of institutional investors in the last quarter, including Canada Pension Plan Investment Board, Jacobs Levy Equity Management Inc., Vanguard Group Inc., Capital Fund Management S.A., JPMorgan Chase & Co., Great Lakes Advisors LLC, LSV Asset Management and Russell Investments Group Ltd.. Company insiders that have sold Cirrus Logic company stock in the last year include Bradley J Fluke, David J Tupman, Jason P Rhode, Randolph K Carlson, Scott Arnold Anderson, Scott Thomas, Thurman K Case and Timothy R Dehne. View Insider Buying and Selling for Cirrus Logic.

Which major investors are buying Cirrus Logic stock?

CRUS stock was bought by a variety of institutional investors in the last quarter, including BlackRock Inc., APG Asset Management N.V., Nuveen Asset Management LLC, Man Group plc, Morgan Stanley, Ontario Teachers Pension Plan Board, Grantham Mayo Van Otterloo & Co. LLC and D. E. Shaw & Co. Inc.. 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 $54.98.

How big of a company is Cirrus Logic?

Cirrus Logic has a market capitalization of $3.20 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 1,551 workers across the globe.View Additional Information About Cirrus Logic.

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:  604 (Vote Outperform)
Underperform Votes:  395 (Vote Underperform)
Total Votes:  999
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 8/22/2019 by MarketBeat.com Staff

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