Cirrus Logic Company Profile (NASDAQ:CRUS)

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

Cirrus Logic, Inc. (NASDAQ:CRUS) issued its quarterly earnings results on Wednesday, August, 2nd. The company reported $0.81 earnings per share (EPS) for the quarter, beating the Thomson Reuters' consensus estimate of $0.66 by $0.15. The firm had revenue of $320.70 million for the quarter, compared to analysts' expectations of $320.32 million. Cirrus Logic had a return on equity of 26.71% and a net margin of 17.38%. The firm's revenue for the quarter was up 23.6% on a year-over-year basis. During the same quarter in the previous year, the firm posted $0.44 EPS. View Cirrus Logic's Earnings History.

Cirrus Logic is scheduled to release their next quarterly earnings announcement on Wednesday, October, 25th 2017. View Earnings Estimates for Cirrus Logic.

12 equities research analysts have issued 12 month price objectives for Cirrus Logic's stock. Their forecasts range from $55.00 to $80.00. On average, they expect Cirrus Logic's stock price to reach $69.18 in the next year. View Analyst Ratings for Cirrus Logic.

Here are some recent quotes from research analysts about Cirrus Logic stock:

• 1. According to Zacks Investment Research, "Cirrus Logic Inc. is a premier supplier of high performance analog circuits and advanced mixed-signal chip solutions. The company's products, sold under its own name and the Crystal product brand, enable system-level applications in mass storage, audio and precision data conversion. (PRESS RELEASE) " (8/8/2017)
• 2. Canaccord Genuity analysts commented, "We recently hosted a series of investor meetings with Cirrus Logic CEO Jason Rhode and met with executives at MWC in Barcelona. Despite initial F2018 top-line guidance well below consensus largely due to slower non-Apple digital/ANC headset adoption, interest from investors was strong and focused on areas of potential guidance conservatism and expanding content long-term in several segments with new 55nm boosted amplifier and first voice biometics products of keen interest. While we concede near-term sales growth will likely be slower versus recent 25%+ growth, especially with ~70% content growth in iPhone last year, we believe F’18 guidance will prove conservative given iPhone unit growth and potential mid- tier Android codec/amplifier growth. While some investors have voiced concerns F’17 could mark peak earnings growth for the company, we disagree and believe our positive long-term thesis is very much intact given we believe Cirrus’ leading portfolio of audio codec, amplifier and MEMS microphone products — the complete audio value chain — is well positioned to yield strong sales and earnings growth driven by 1) further potential long-term content gains with Cirrus’ top customer in microphones, headsets and voice biometrics, 2) high- and mid-tier Android share expansion, 3) digital/ANC headset leadership, 4) an emerging MEMS microphone franchise, 5) leading R&D against voice biometic security applications and 6) long-term growth of audio sales into emerging IoT markets." (3/6/2017)
• 3. Needham & Company LLC analysts commented, "After growing 30% Y/Y the last three fiscal years and posting a strong finish through the end of the year, we are moderating our FY18 revenue growth assumptions down to 6% Y/Y. Unlike last year we don't expect dollar content gains at Apple this year, and hence the Apple business will primarily be driven by higher sell through units, which could provide upside to the guidance range. Moreover, CRUS provided a higher guidance for its long-term operating margin range at ~mid-20s and a lower tax rate of 22-24%, which is actually driving upside to our fiscal Non-GAAP EPS. Net, we are increasing our PT to $70 based on a P/E of 14.6x (ex-cash) on our new FY18 estimates of $4.50. With the stock likely to trade down, we would be buyers on weakness." (2/2/2017)

Some companies that are related to Cirrus Logic include Universal Display Corporation (OLED), TTM Technologies (TTMI), IQE plc (IQE), IXYS Corporation (IXYS), Park Electrochemical Corporation (PKE), Alpha and Omega Semiconductor Limited (AOSL), NeoPhotonics Corporation (NPTN), IEC Electronics Corp (IEC), O2Micro International Limited (OIIM), SemiLEDS Corporation (LEDS), ANADIGICS (ANAD), CSR Ltd (CSR), CSR Ltd (CSRE), Entropic Communications (ENTR), Microsemi Communications (VTSS), Multi-Fineline Electronix (MFLX) and Viasystems Group (VIAS).

Cirrus Logic's management team includes the folowing people:

• Alan R. Schuele, Independent Chairman of the Board
• Jason P. Rhode Ph.D., President, Chief Executive Officer, Director
• Thurman K. Case, Vice President, Chief Financial Officer, Principal Accounting Officer
• Scott Arnold Anderson, Senior Vice President, General Manager - Mixed-Signal Audio Products
• Gregory Scott Thomas, Vice President, General Counsel, Corporate Secretary
• Brad Fluke, Vice President, General Manager - MEMS Division
• Rashpal Sahota, Vice President and Audio General Manager - Cirrus Logic International
• Jo Dee M. Benson, Vice President, Chief Culture Officer
• Andrew Brannan, Vice President - Worldwide Sales
• Randy Carlson, Vice President - Supply Chain

Cirrus Logic's stock is owned by a number of of institutional and retail investors. Top institutional shareholders include Vanguard Group Inc. (10.74%), BlackRock Inc. (10.57%), FMR LLC (7.10%), LSV Asset Management (4.05%), State Street Corp (3.57%) and Dimensional Fund Advisors LP (2.50%). 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, Timothy R Dehne and William D Sherman. View Institutional Ownership Trends for Cirrus Logic.

Cirrus Logic's stock was sold by a variety of institutional investors in the last quarter, including FMR LLC, Ameriprise Financial Inc., Numeric Investors LLC, Old Mutual Global Investors UK Ltd., BlackRock Inc., Dimensional Fund Advisors LP, Lazard Asset Management LLC and Vanguard Group Inc.. Company insiders that have sold Cirrus Logic stock in the last year include Alan R Schuele, Alexander M Davern, Andrew Brannan, Bradley J Fluke, Christine King, Jason P Rhode, John C Carter, Randolph K Carlson, Rashpal Sahota, Scott Arnold Anderson, Scott Thomas, Thurman K Case and William D Sherman. View Insider Buying and Selling for Cirrus Logic.

Cirrus Logic's stock was purchased by a variety of institutional investors in the last quarter, including LSV Asset Management, Koch Industries Inc., JPMorgan Chase & Co., Teachers Advisors LLC, Prudential Financial Inc., State of Tennessee Treasury Department, Cornerstone Capital Management Holdings LLC. and Retirement Systems of Alabama. View Insider Buying and Selling for Cirrus Logic.

Shares of Cirrus Logic can be purchased through any online brokerage account. Popular online brokerages include Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Scottrade, Fidelity and Charles Schwab.

One share of Cirrus Logic stock can currently be purchased for approximately $54.25.