NASDAQ:CRUS - Cirrus Logic Stock Price, Price Target & More

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

Cirrus Logic announced that its Board of Directors has initiated a stock repurchase plan on Tuesday, February 6th 2018, which permits the company to buyback $200,000,000.00 in outstanding shares, according to EventVestor. This buyback authorization permits the company to repurchase shares of its stock through open market purchases. Shares buyback plans are generally an indication that the company's leadership believes its shares are undervalued.

Cirrus Logic, Inc. (NASDAQ:CRUS) released its quarterly earnings data on Wednesday, May, 2nd. The semiconductor company reported $0.51 earnings per share (EPS) for the quarter, missing the Thomson Reuters' consensus estimate of $0.58 by $0.07. The semiconductor company earned $303.20 million during the quarter, compared to the consensus estimate of $316.57 million. Cirrus Logic had a return on equity of 20.50% and a net margin of 10.57%. The company's revenue was down 7.5% on a year-over-year basis. During the same quarter last year, the business earned $0.85 EPS. View Cirrus Logic's Earnings History.

Cirrus Logic is scheduled to release their next quarterly earnings announcement on Tuesday, July, 31st 2018. View Earnings Estimates for Cirrus Logic.

10 brokerages have issued 12-month target prices for Cirrus Logic's shares. Their forecasts range from $32.00 to $80.00. On average, they expect Cirrus Logic's stock price to reach $55.30 in the next year. View Analyst Ratings for Cirrus Logic.

Some companies that are related to Cirrus Logic include Microsemi (MSCC), United Microelectronics (UMC), Semiconductor Manufacturing Int'l (SMI), Cypress Semiconductor (CY), SUMCO Corp/ADR (SUOPY), Monolithic Power Systems (MPWR), Cavium (CAVM), First Solar (FSLR), Siliconware Precision Industries (SPIL), Cree (CREE), Mellanox Technologies (MLNX), Silicon Laboratories (SLAB), Integrated Device Technology (IDTI), AU Optronics (AUO) and Advantest (ATEYY).

Media stories about CRUS stock have trended somewhat positive recently, according to Accern Sentiment. The research group identifies negative and positive news coverage by reviewing more than twenty million blog and news sources in real time. Accern ranks coverage of companies on a scale of -1 to 1, with scores nearest to one being the most favorable. Cirrus Logic earned a daily sentiment score of 0.13 on Accern's scale. They also gave media headlines about the semiconductor company an impact score of 44.39 out of 100, meaning that recent news coverage is somewhat unlikely to have an impact on the company's share price in the near future.

Cirrus Logic's stock is owned by many different of retail and institutional investors. Top institutional investors include BlackRock Inc. (12.43%), LSV Asset Management (5.12%), Dimensional Fund Advisors LP (3.05%), Northern Trust Corp (1.79%), Old Mutual Global Investors UK Ltd. (1.26%) and Schroder Investment Management Group (0.83%). 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 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 Prudential Financial Inc., Old Mutual Global Investors UK Ltd., Burney Co., Russell Investments Group Ltd., New Amsterdam Partners LLC NY, Allianz Asset Management GmbH, Allianz Asset Management GmbH and A.R.T. Advisors LLC. Company insiders that have sold Cirrus Logic company stock in the last year include Alan R Schuele, Andrew Brannan, Bradley J Fluke, Christine King, Randolph K Carlson, Thurman K Case and William D Sherman. View Insider Buying and Selling for Cirrus Logic.

CRUS stock was acquired by a variety of institutional investors in the last quarter, including BlackRock Inc., Dimensional Fund Advisors LP, Millennium Management LLC, Seven Eight Capital LP, UBS Group AG, Federated Investors Inc. PA, Spark Investment Management LLC and Harvest Capital Strategies 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, Scottrade, Fidelity and Charles Schwab.

One share of CRUS stock can currently be purchased for approximately $41.10.

Cirrus Logic has a market capitalization of $2.29 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]