Media stories about Cirrus Logic (NASDAQ:CRUS) have trended somewhat positive on Tuesday, Accern Sentiment Analysis reports. The research firm rates the sentiment of press coverage by reviewing more than 20 million blog and news sources in real-time. Accern ranks coverage of companies on a scale of negative one to one, with scores nearest to one being the most favorable. Cirrus Logic earned a daily sentiment score of 0.15 on Accern’s scale. Accern also assigned press coverage about the semiconductor company an impact score of 45.4519179541561 out of 100, indicating that recent press coverage is somewhat unlikely to have an impact on the stock’s share price in the immediate future.
These are some of the news stories that may have impacted Accern Sentiment’s scoring:
- Cirrus Logic: The Impact Of Apple’s New iPhones – Seeking Alpha (seekingalpha.com)
- Zacks: Analysts Expect Cirrus Logic, Inc. (CRUS) to Announce $1.19 Earnings Per Share (americanbankingnews.com)
- Today’s Hot Mover: Cirrus Logic, Inc. (NASDAQ: CRUS) – The Investor Guide (wallstreetnews24.com)
- Cirrus Logic, Inc. (CRUS) Stock Price trades -9.83% off from 200- SMA – Voice Of Analysts (analystsbuzz.com)
- Notable Indicators to Study Before Making Any Investment Decision: Cirrus Logic Inc (NASDAQ: CRUS) – Alpha Beta Stock (alphabetastock.com)
Several research analysts have recently issued reports on the stock. Barclays PLC downgraded shares of Cirrus Logic from an “equal weight” rating to an “underweight” rating and set a $55.00 price target for the company. in a report on Tuesday, July 18th. KeyCorp reiterated an “overweight” rating and set a $75.00 price target on shares of Cirrus Logic in a report on Wednesday, July 12th. Stifel Nicolaus reiterated a “buy” rating and set a $75.00 price target on shares of Cirrus Logic in a report on Thursday, August 3rd. BidaskClub downgraded shares of Cirrus Logic from a “strong-buy” rating to a “buy” rating in a report on Wednesday, August 2nd. Finally, Pacific Crest reiterated an “overweight” rating and set a $75.00 price target on shares of Cirrus Logic in a report on Wednesday, June 21st. Two analysts have rated the stock with a sell rating, three have issued a hold rating, eleven have assigned a buy rating and one has assigned a strong buy rating to the company. Cirrus Logic has a consensus rating of “Buy” and an average price target of $67.69.
Shares of Cirrus Logic (NASDAQ:CRUS) opened at 54.37 on Tuesday. Cirrus Logic has a 12-month low of $49.05 and a 12-month high of $71.97. The firm has a market capitalization of $3.47 billion, a P/E ratio of 12.72 and a beta of 0.01. The company has a 50-day moving average price of $55.42 and a 200-day moving average price of $61.27.
Cirrus Logic (NASDAQ:CRUS) last issued its earnings results on Wednesday, August 2nd. The semiconductor company reported $0.81 EPS for the quarter, topping analysts’ consensus estimates of $0.66 by $0.15. The company had revenue of $320.70 million for the quarter, compared to analysts’ expectations of $320.32 million. Cirrus Logic had a net margin of 17.38% and a return on equity of 26.71%. The firm’s revenue was up 23.6% compared to the same quarter last year. During the same quarter last year, the company earned $0.44 EPS. Equities analysts predict that Cirrus Logic will post $4.74 EPS for the current year.
In related news, Director William D. Sherman sold 1,378 shares of Cirrus Logic stock in a transaction on Monday, July 31st. The shares were sold at an average price of $61.84, for a total value of $85,215.52. Following the transaction, the director now owns 7,307 shares in the company, valued at approximately $451,864.88. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Also, VP Bradley J. Fluke sold 7,325 shares of Cirrus Logic stock in a transaction on Monday, October 2nd. The stock was sold at an average price of $53.44, for a total transaction of $391,448.00. Following the completion of the transaction, the vice president now owns 12,000 shares in the company, valued at approximately $641,280. The disclosure for this sale can be found here. In the last quarter, insiders sold 104,666 shares of company stock worth $5,914,243. 1.92% of the stock is owned by corporate insiders.
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.
Receive News & Ratings for Cirrus Logic Inc. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Cirrus Logic Inc. and related companies with MarketBeat.com's FREE daily email newsletter.