NASDAQ:CRUS - Cirrus Logic Stock Price, News, & Analysis Sign in or create an account to add this stock to your watchlist. Get Started $40.01 +0.83 (+2.12 %) (As of 02/15/2019 04:00 PM ET)Previous Close$39.18Today's Range$39.34 - $40.0152-Week Range$31.25 - $46.18Volume606,398 shsAverage Volume897,222 shsMarket Capitalization$2.37 billionP/E Ratio10.84Dividend YieldN/ABeta0.61 ProfileDiscussionAnalyst RatingsChartEarningsFinancialsInsider TradesInstitutional OwnershipHeadlinesOptions ChainSEC FilingsSocial Media Share on FacebookShare on TwitterShare on LinkedInShare on RedditShare on StocktwitsPrint this articleShare by Email 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. Receive CRUS News and Ratings via Email Sign-up to receive the latest news and ratings for CRUS and its competitors with MarketBeat's FREE daily newsletter. Industry, Sector and Symbol Stock Exchange NASDAQ Industry Semiconductors & related devices Sub-IndustrySemiconductors SectorComputer and Technology Current SymbolNASDAQ:CRUS Previous Symbol CUSIP17275510 Webwww.cirrus.com Phone512-851-4000Debt Debt-to-Equity RatioN/A Current Ratio3.77 Quick Ratio2.78Price-To-Earnings Trailing P/E Ratio10.84 Forward P/E Ratio23.26 P/E Growth1.5 Sales & Book Value Annual Sales$1.53 billion Price / Sales1.54 Cash Flow$5.3064 per share Price / Cash Flow7.54 Book Value$19.10 per share Price / Book2.09Profitability EPS (Most Recent Fiscal Year)$3.69 Net Income$161.99 million Net Margins7.68% Return on Equity11.88% Return on Assets9.68%Miscellaneous Employees1,596 Outstanding Shares59,142,000Market Cap$2.37 billion 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 approved a stock repurchase 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 repurchase up to 8.9% of its stock through open market purchases. Stock repurchase plans are usually a sign that the company's management believes its shares are undervalued. How were Cirrus Logic's earnings last quarter? Cirrus Logic, Inc. (NASDAQ:CRUS) posted its quarterly earnings data on Wednesday, January, 30th. The semiconductor company reported $0.91 EPS for the quarter, beating the Zacks' consensus estimate of $0.78 by $0.13. The semiconductor company earned $324.30 million during the quarter, compared to the consensus estimate of $319.37 million. Cirrus Logic had a return on equity of 11.88% and a net margin of 7.68%. The business's revenue was down 32.8% on a year-over-year basis. During the same period last year, the firm earned $1.59 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 Wednesday, May 1st 2019. View Earnings Estimates for Cirrus Logic. What guidance has Cirrus Logic issued on next quarter's earnings? Cirrus Logic updated its fourth quarter 2019 earnings guidance on Wednesday, January, 30th. The company provided earnings per share guidance of for the period. The company issued revenue guidance of $200-240 million, compared to the consensus revenue estimate of $274.64 million. What price target have analysts set for CRUS? 8 analysts have issued twelve-month price targets for Cirrus Logic's shares. Their predictions 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. 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 third-quarter fiscal 2019 results exceeded estimates. The company is witnessing a solid traction in design wins and is actively engaged with a number of new and existing customers. Cirrus anticipates revenues generated by Android customers to increase year over year in the next fiscal year, backed by content gains with various OEMs. Moreover, launch of products by both new and existing customers in fiscal 2020 also makes the management optimistic. However, owing to persistent weakness in smartphone unit sales, Cirrus Logic issued a tepid guidance for the fiscal fourth quarter. Declining sales of portable audio products shipping in smartphone is a headwind. Intensifying competition, unfavorable currency fluctuations and an uncertain macroeconomic environment remain other concerns. Shares of the company have underperformed the industry in the past year." (2/4/2019) 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 been trending somewhat positive on Friday, according to InfoTrie Sentiment. The research group identifies negative and positive media coverage by reviewing more than six thousand blog and news sources in real-time. The firm ranks coverage of companies on a scale of negative five to positive five, with scores nearest to five being the most favorable. Cirrus Logic earned a coverage optimism score of 1.4 on InfoTrie's scale. They also assigned news headlines about the semiconductor company a news buzz of 6.0 out of 10, meaning that recent media coverage is somewhat likely to have an impact on the company's share price in the next several days. Who are some of Cirrus Logic's key competitors? Some companies that are related to Cirrus Logic include ASE Technology (ASX), IPG Photonics (IPGP), Qorvo (QRVO), Integrated Device Technology (IDTI), Monolithic Power Systems (MPWR), Cypress Semiconductor (CY), Cree (CREE), Mellanox Technologies (MLNX), First Solar (FSLR), Semiconductor Manufacturing Int'l (SMI), Advantest (ATEYY), United Microelectronics (UMC), SUMCO CORP/ADR (SUOPY), Silicon Laboratories (SLAB) and Semtech (SMTC). 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 & GM of Mixed-Signal Audio Division (Age 65) Who are Cirrus Logic's major shareholders? Cirrus Logic's stock is owned by a number of of institutional and retail 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. Which institutional investors are selling Cirrus Logic stock? 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. Which institutional investors are buying Cirrus Logic stock? 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. 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 $40.01. How big of a company is Cirrus Logic? 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. 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: 3.1 out of 5 ( )Outperform Votes: 570 (Vote Outperform)Underperform Votes: 362 (Vote Underperform)Total Votes: 932MarketBeat'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 2/15/2019 by MarketBeat.com StaffFeatured Article: What is the Book Value of a Share?