Cirrus Logic Company Profile (NASDAQ:CRUS)

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

Cirrus Logic, Inc. (NASDAQ:CRUS) released its quarterly earnings data on Wednesday, May, 3rd. The company reported $0.73 earnings per share for the quarter, topping the consensus estimate of $0.59 by $0.14. The business earned $327.86 million during the quarter, compared to analyst estimates of $320.94 million. Cirrus Logic had a return on equity of 26.32% and a net margin of 16.31%. The company's revenue was up 41.3% compared to the same quarter last year. During the same period last year, the company posted $0.38 EPS. View Cirrus Logic's Earnings History.

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

11 brokers have issued 12 month price objectives for Cirrus Logic's shares. Their forecasts range from $38.00 to $80.00. On average, they expect Cirrus Logic's stock price to reach $66.90 in the next year. View Analyst Ratings for Cirrus Logic.

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

• 1. 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)
• 2. 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)
• 3. 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) " (12/28/2016)

Cirrus Logic saw a decline in short interest in the month of May. As of May 15th, there was short interest totalling 4,209,265 shares, a decline of 14.5% from the April 28th total of 4,924,171 shares. Based on an average trading volume of 1,268,355 shares, the short-interest ratio is presently 3.3 days.

Some companies that are related to Cirrus Logic include Universal Display Corporation (OLED), TTM Technologies (TTMI), IQE plc (IQE), IXYS Corporation (IXYS), Alpha and Omega Semiconductor Limited (AOSL), NeoPhotonics Corporation (NPTN), Park Electrochemical Corporation (PKE), O2Micro International Limited (OIIM), IEC Electronics Corp (IEC), SemiLEDS Corporation (LEDS), ANADIGICS (ANAD), CSR Ltd (CSR), 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 variety of of institutional and retail investors. Top institutional investors include Vanguard Group Inc. (10.99%), BlackRock Inc. (10.86%), FMR LLC (10.57%), State Street Corp (3.47%), LSV Asset Management (3.18%) and AQR Capital Management LLC (3.14%). 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 Alliancebernstein L.P., Dimensional Fund Advisors LP, FMR LLC, Morgan Stanley, Credit Agricole S A, Wellington Management Group LLP, Eventide Asset Management LLC and Ameriprise Financial 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, David J Tupman, 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 acquired by a variety of institutional investors in the last quarter, including BlackRock Inc., LSV Asset Management, UBS Asset Management Americas Inc., AQR Capital Management LLC, Old Mutual Global Investors UK Ltd., Vanguard Group Inc., Gotham Asset Management LLC and Emerald Advisers Inc. PA. 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 $66.01.