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

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

Cirrus Logic announced that its board has authorized a stock repurchase plan on Wednesday, January 30th 2019, which authorizes the company to repurchase $200,000,000.00 in outstanding shares, according to EventVestor. This repurchase authorization authorizes the company to purchase up to 8.9% of its stock through open market purchases. Stock repurchase plans are generally an indication that the company's management believes its stock is undervalued.

Cirrus Logic, Inc. (NASDAQ:CRUS) issued its quarterly earnings data on Wednesday, October, 30th. The semiconductor company reported $1.55 EPS for the quarter, topping the consensus estimate of $0.94 by $0.61. The semiconductor company earned $389 million during the quarter, compared to analysts' expectations of $320.37 million. Cirrus Logic had a net margin of 9.81% and a return on equity of 13.04%. The firm's quarterly revenue was up 6.2% on a year-over-year basis. During the same period in the previous year, the company earned $1.08 EPS. View Cirrus Logic's Earnings History.

Cirrus Logic is scheduled to release their next quarterly earnings announcement on Wednesday, January 29th 2020. View Earnings Estimates for Cirrus Logic.

9 Wall Street analysts have issued 12-month target prices for Cirrus Logic's shares. Their forecasts range from $52.00 to $80.00. On average, they anticipate Cirrus Logic's stock price to reach $61.75 in the next year. This suggests that the stock has a possible downside of 25.9%. View Analyst Price Targets for Cirrus Logic.

9 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Cirrus Logic in the last year. There are currently 1 sell rating, 5 hold ratings and 3 buy ratings for the stock, resulting in a consensus recommendation of "Hold." View Analyst Ratings for Cirrus Logic.

Media coverage about CRUS stock has trended negative recently, according to InfoTrie Sentiment Analysis. The research group scores the sentiment of media coverage by reviewing more than six thousand blog and news sources. The firm ranks coverage of publicly-traded companies on a scale of negative five to five, with scores closest to five being the most favorable. Cirrus Logic earned a news sentiment score of -2.0 on InfoTrie's scale. They also assigned headlines about the semiconductor company a news buzz of 6.0 out of 10, indicating that recent media coverage is somewhat likely to have an effect on the company's share price in the next several days. View News Stories for Cirrus Logic.

Some companies that are related to Cirrus Logic include Intel (INTC), NVIDIA (NVDA), Broadcom (AVGO), Texas Instruments (TXN), Micron Technology (MU), Analog Devices (ADI), Microchip Technology (MCHP), Xilinx (XLNX), Skyworks Solutions (SWKS), Marvell Technology Group (MRVL), Maxim Integrated Products (MXIM), Cypress Semiconductor (CY), Monolithic Power Systems (MPWR), Cree (CREE) and First Solar (FSLR).

Based on aggregate information from My MarketBeat watchlists, some companies that other Cirrus Logic investors own include Hawkins (HWKN), Micron Technology (MU), Netflix (NFLX), NVIDIA (NVDA), CA (CA), Intel (INTC), Skyworks Solutions (SWKS), Alibaba Group (BABA), Alphabet (GOOG) and Starbucks (SBUX).

Cirrus Logic's stock is owned by a variety of of institutional and retail investors. Top institutional investors include DNB Asset Management AS (0.40%), Smith Graham & Co. Investment Advisors LP (0.33%), California Public Employees Retirement System (0.29%), New York State Teachers Retirement System (0.17%), Retirement Systems of Alabama (0.13%) and Arizona State Retirement System (0.06%). Company insiders that own Cirrus Logic stock include Bradley J Fluke, David J Tupman, Jason P Rhode, John C Carter, John Forsyth, 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.

CRUS stock was sold by a variety of institutional investors in the last quarter, including Commerzbank Aktiengesellschaft FI, Smith Graham & Co. Investment Advisors LP, Arizona State Retirement System, Strs Ohio, IFP Advisors Inc, Dupont Capital Management Corp, State of Alaska Department of Revenue and Retirement Systems of Alabama. Company insiders that have sold Cirrus Logic company stock in the last year include Bradley J Fluke, David J Tupman, Jason P Rhode, John C Carter, John Forsyth, Randolph K Carlson, Scott Arnold Anderson, Scott Thomas, Thurman K Case and Timothy R Dehne. View Insider Buying and Selling for Cirrus Logic.

CRUS stock was bought by a variety of institutional investors in the last quarter, including DNB Asset Management AS, California Public Employees Retirement System, Allworth Financial LP, Janney Montgomery Scott LLC, Calamos Advisors LLC, New York State Teachers Retirement System, SG Americas Securities LLC and Granite Investment Advisors LLC. 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, Robinhood, Fidelity and Charles Schwab.

One share of CRUS stock can currently be purchased for approximately $83.32.

Cirrus Logic has a market capitalization of $4.82 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.

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]