Somewhat Positive News Coverage Somewhat Unlikely to Impact Cirrus Logic (CRUS) Share Price

News headlines about Cirrus Logic (NASDAQ:CRUS) have trended somewhat positive recently, according to Accern Sentiment Analysis. Accern scores the sentiment of press coverage by analyzing more than twenty million news and blog sources in real-time. Accern ranks coverage of public companies on a scale of negative one to one, with scores nearest to one being the most favorable. Cirrus Logic earned a media sentiment score of 0.17 on Accern’s scale. Accern also gave news stories about the semiconductor company an impact score of 45.9012826094604 out of 100, indicating that recent press coverage is somewhat unlikely to have an impact on the company’s share price in the immediate future.

These are some of the media headlines that may have effected Accern’s analysis:

A number of analysts recently issued reports on CRUS shares. Stifel Nicolaus raised their price target on Cirrus Logic from $70.00 to $73.00 and gave the stock a “buy” rating in a research report on Wednesday, May 24th. Vetr upgraded Cirrus Logic from a “buy” rating to a “strong-buy” rating and set a $66.67 price target for the company in a research report on Thursday, August 3rd. KeyCorp reiterated an “overweight” rating and set a $75.00 target price on shares of Cirrus Logic in a research report on Wednesday, July 12th. Zacks Investment Research downgraded Cirrus Logic from a “buy” rating to a “hold” rating in a research report on Tuesday, August 8th. Finally, Needham & Company LLC reiterated a “buy” rating and set a $80.00 target price (up from $70.00) on shares of Cirrus Logic in a research report on Thursday, June 1st. One research analyst has rated the stock with a sell rating, four have assigned a hold rating, nine have issued a buy rating and one has issued a strong buy rating to the company’s stock. The company currently has an average rating of “Buy” and an average target price of $68.59.

Cirrus Logic (NASDAQ CRUS) opened at 57.85 on Friday. Cirrus Logic has a 1-year low of $49.05 and a 1-year high of $71.97. The stock has a market cap of $3.69 billion and a price-to-earnings ratio of 13.53. The firm has a 50-day moving average price of $57.19 and a 200 day moving average price of $61.40.

Cirrus Logic (NASDAQ:CRUS) last issued its earnings results on Wednesday, August 2nd. The semiconductor company reported $0.81 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $0.66 by $0.15. Cirrus Logic had a return on equity of 26.71% and a net margin of 17.38%. The company had revenue of $320.70 million during the quarter, compared to the consensus estimate of $320.32 million. During the same quarter in the prior year, the business earned $0.44 earnings per share. The company’s revenue was up 23.6% compared to the same quarter last year. On average, equities research analysts anticipate that Cirrus Logic will post $4.74 EPS for the current fiscal year.

In other news, Director William D. Sherman sold 1,378 shares of the company’s stock in a transaction that occurred on Monday, July 31st. The stock was sold at an average price of $61.84, for a total transaction of $85,215.52. Following the completion of the transaction, the director now directly owns 7,307 shares of the company’s stock, valued at $451,864.88. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, VP Andrew Brannan sold 21,504 shares of the stock in a transaction that occurred on Wednesday, August 23rd. The stock was sold at an average price of $55.10, for a total value of $1,184,870.40. Following the completion of the transaction, the vice president now directly owns 21,504 shares of the company’s stock, valued at $1,184,870.40. The disclosure for this sale can be found here. In the last quarter, insiders sold 92,313 shares of company stock worth $5,235,918. Insiders own 1.92% of the company’s stock.

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Cirrus Logic Company Profile

Cirrus Logic, Inc is engaged in providing integrated circuits (ICs) for audio and voice signal processing applications. The Company develops analog and mixed-signal ICs for a range of customers. The Company offers two product lines: Portable Audio, and Non-Portable Audio and Other. The Company’s primary facility housing engineering, sales and marketing, and administration functions is located in Austin, Texas.

Insider Buying and Selling by Quarter for Cirrus Logic (NASDAQ:CRUS)

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