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

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

Cirrus Logic declared that its board has authorized a share buyback program on Tuesday, February 6th 2018, which authorizes the company to buyback $200,000,000.00 in outstanding shares, according to EventVestor. This buyback authorization authorizes the company to buy shares of its stock through open market purchases. Shares buyback programs are typically an indication that the company's leadership believes its stock is undervalued.

Cirrus Logic, Inc. (NASDAQ:CRUS) issued its quarterly earnings data on Wednesday, August, 1st. The semiconductor company reported $0.28 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of ($0.08) by $0.36. The semiconductor company earned $254.48 million during the quarter, compared to analyst estimates of $231.38 million. Cirrus Logic had a net margin of 7.83% and a return on equity of 17.46%. Cirrus Logic's quarterly revenue was down 20.7% on a year-over-year basis. During the same quarter in the previous year, the business earned $0.81 earnings per share. View Cirrus Logic's Earnings History.

Cirrus Logic is scheduled to release their next quarterly earnings announcement on Thursday, November, 1st 2018. View Earnings Estimates for Cirrus Logic.

11 brokers have issued 1-year price targets for Cirrus Logic's shares. Their predictions range from $32.00 to $80.00. On average, they anticipate Cirrus Logic's share price to reach $54.10 in the next year. This suggests a possible upside of 26.3% from the stock's current price. View Analyst Price Targets for Cirrus Logic.

11 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Cirrus Logic in the last year. There are currently 2 sell ratings, 2 hold ratings and 7 buy ratings for the stock, resulting in a consensus recommendation of "Hold." View Analyst Ratings for Cirrus Logic.

Some companies that are related to Cirrus Logic include ASE INDL HLDG C/S (ASX), ON Semiconductor (ON), IPG Photonics (IPGP), Microsemi (MSCC), United Microelectronics (UMC), SUMCO Corp/ADR (SUOPY), Cypress Semiconductor (CY), Cavium (CAVM), Monolithic Power Systems (MPWR), Semiconductor Manufacturing Int'l (SMI), First Solar (FSLR), Siliconware Precision Industries (SPIL), Cree (CREE), Integrated Device Technology (IDTI) and Mellanox Technologies (MLNX).

Media coverage about CRUS stock has trended somewhat positive this week, Accern reports. The research firm identifies negative and positive media coverage by reviewing more than 20 million news and blog sources. Accern ranks coverage of companies on a scale of negative one to one, with scores closest to one being the most favorable. Cirrus Logic earned a news impact score of 0.11 on Accern's scale. They also assigned press coverage about the semiconductor company an impact score of 47.20 out of 100, meaning that recent media coverage is somewhat unlikely to have an effect on the stock's share price in the immediate future. View Recent Headlines for Cirrus Logic.

Cirrus Logic's stock is owned by a variety of of institutional and retail investors. Top institutional investors include BlackRock Inc. (13.91%), FMR LLC (5.50%), LSV Asset Management (5.29%), Dimensional Fund Advisors LP (3.49%), Bank of New York Mellon Corp (2.09%) and Macquarie Group Ltd. (1.29%). Company insiders that own Cirrus Logic stock 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 Institutional Ownership Trends for Cirrus Logic.

CRUS stock was sold by a variety of institutional investors in the last quarter, including FMR LLC, Bank of New York Mellon Corp, BlueMountain Capital Management LLC, Millennium Management LLC, American Century Companies Inc., Connor Clark & Lunn Investment Management Ltd., Schroder Investment Management Group and Alambic Investment Management L.P.. Company insiders that have sold Cirrus Logic company stock in the last year include Andrew Brannan, Bradley J Fluke, Christine King, Randolph K Carlson 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 Partner Fund Management L.P., BlackRock Inc., Letko Brosseau & Associates Inc., Dimensional Fund Advisors LP, Her Majesty the Queen in Right of the Province of Alberta as represented by Alberta Investment Management Corp, First Trust Advisors LP, Royce & Associates LP and Ontario Teachers Pension Plan Board. 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 $42.83.

Cirrus Logic has a market capitalization of $2.57 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.

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]