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

Cirrus Logic trades on the NASDAQ under the ticker symbol "CRUS."

Cirrus Logic announced that its Board of Directors has authorized a share buyback program on Wednesday, January 30th 2019, which allows the company to repurchase $200,000,000.00 in shares, according to EventVestor. This repurchase authorization allows the company to repurchase up to 8.9% of its stock through open market purchases. Stock repurchase programs are usually an indication that the company's board believes its stock is undervalued.

Cirrus Logic, Inc. (NASDAQ:CRUS) posted its quarterly earnings data on Wednesday, January, 30th. The semiconductor company reported $0.91 earnings per share (EPS) for the quarter, beating the Thomson Reuters' consensus estimate of $0.78 by $0.13. The semiconductor company earned $324.30 million during the quarter, compared to analysts' expectations of $319.37 million. Cirrus Logic had a return on equity of 11.88% and a net margin of 7.68%. Cirrus Logic's revenue was down 32.8% on a year-over-year basis. During the same quarter in the previous year, the business earned $1.59 earnings per share. View Cirrus Logic's Earnings History.

Cirrus Logic is scheduled to release their next quarterly earnings announcement on Wednesday, May 1st 2019. View Earnings Estimates for Cirrus Logic.

Cirrus Logic issued an update on its fourth quarter 2019 earnings guidance on Wednesday, January, 30th. 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 $274.64 million.

8 equities research analysts have issued 1-year price objectives for Cirrus Logic's stock. Their forecasts range from $29.00 to $59.00. On average, they expect Cirrus Logic's stock price to reach $42.1429 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.

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.

News coverage about CRUS stock has trended somewhat positive recently, InfoTrie Sentiment Analysis reports. The research firm ranks the sentiment of press coverage by analyzing more than six thousand news and blog sources in real time. The firm ranks coverage of publicly-traded companies on a scale of negative five to five, with scores nearest to five being the most favorable. Cirrus Logic earned a media sentiment score of 1.6 on InfoTrie's scale. They also gave headlines about the semiconductor company a news buzz of 10.0 out of 10, meaning that recent press coverage is extremely likely to have an impact on the company's share price in the next few days.

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

Cirrus Logic's stock is owned by many different of retail and institutional investors. Top institutional shareholders include BlackRock Inc. (12.96%), LSV Asset Management (5.51%), Dimensional Fund Advisors LP (3.78%), Northern Trust Corp (1.80%), Bank of New York Mellon Corp (1.73%) and Geode Capital Management LLC (1.38%). Company insiders that own Cirrus Logic stock include Alan R Schuele, Andrew Brannan, Bradley J Fluke, Christine King, Randolph K Carlson, Scott Arnold Anderson, 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 Bank of New York Mellon Corp, KBC Group NV, First Trust Advisors LP, Squarepoint Ops LLC, Dimensional Fund Advisors LP, Raymond James & Associates, Her Majesty the Queen in Right of the Province of Alberta as represented by Alberta Investment Management Corp and Two Sigma Advisers LP. Company insiders that have sold Cirrus Logic company stock in the last year include 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 Prudential Financial Inc., Millennium Management LLC, BlackRock Inc., New Amsterdam Partners LLC NY, Hsbc Holdings PLC, Ontario Teachers Pension Plan Board, Rhumbline Advisers and Alambic Investment Management L.P.. 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 $40.01.

Cirrus Logic has a market capitalization of $2.37 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]