News headlines about Cirrus Logic (NASDAQ:CRUS) have been trending somewhat positive recently, according to Accern Sentiment. The research group rates the sentiment of media coverage by reviewing more than 20 million blog and news sources in real time. Accern ranks coverage of public companies on a scale of negative one to positive one, with scores closest to one being the most favorable. Cirrus Logic earned a news sentiment score of 0.11 on Accern’s scale. Accern also assigned news stories about the semiconductor company an impact score of 45.6488950965171 out of 100, meaning that recent media coverage is somewhat unlikely to have an impact on the stock’s share price in the next several days.
Here are some of the media headlines that may have impacted Accern’s rankings:
- BidaskClub Downgrades Cirrus Logic (CRUS) to Buy (americanbankingnews.com)
- Cirrus Logic (CRUS) Stock Rating Reaffirmed by Stifel Nicolaus (americanbankingnews.com)
- Cirrus Logic, Inc. (CRUS) Short Interest Up 24.6% in March (americanbankingnews.com)
- Cirrus Logic (CRUS) Earns “Buy” Rating from Stifel Nicolaus (americanbankingnews.com)
- Global Audio IC and Audio Amplifiers Market 2018 – Cirrus Logic, Qualcomm, Yamaha, Realtek (themobileherald.com)
Shares of CRUS stock opened at $39.28 on Monday. Cirrus Logic has a one year low of $37.47 and a one year high of $71.97. The company has a market capitalization of $2,523.25, a PE ratio of 9.58, a P/E/G ratio of 1.37 and a beta of 0.22.
Cirrus Logic (NASDAQ:CRUS) last released its earnings results on Monday, February 5th. The semiconductor company reported $1.59 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $1.78 by ($0.19). The business had revenue of $482.70 million for the quarter, compared to analyst estimates of $530.99 million. Cirrus Logic had a return on equity of 22.60% and a net margin of 11.89%. Cirrus Logic’s quarterly revenue was down 7.7% compared to the same quarter last year. During the same quarter last year, the company earned $1.87 earnings per share. research analysts anticipate that Cirrus Logic will post 3.78 earnings per share for the current year.
Cirrus Logic announced that its board has initiated a share buyback program on Monday, February 5th that allows the company to buyback $200.00 million in outstanding shares. This buyback authorization allows the semiconductor company to purchase shares of its stock through open market purchases. Stock buyback programs are often an indication that the company’s leadership believes its shares are undervalued.
Several equities analysts have recently commented on the stock. Vetr lowered shares of Cirrus Logic from a “hold” rating to a “sell” rating and set a $49.82 price objective on the stock. in a report on Monday, December 18th. Zacks Investment Research lowered shares of Cirrus Logic from a “hold” rating to a “sell” rating in a report on Friday, January 12th. BidaskClub lowered shares of Cirrus Logic from a “hold” rating to a “sell” rating in a report on Thursday, January 11th. ValuEngine upgraded shares of Cirrus Logic from a “hold” rating to a “buy” rating in a report on Friday, February 9th. Finally, Barclays decreased their price objective on shares of Cirrus Logic from $45.00 to $36.00 and set an “underweight” rating on the stock in a report on Tuesday, February 6th. Four equities research analysts have rated the stock with a sell rating, four have issued a hold rating and seven have given a buy rating to the company. Cirrus Logic presently has an average rating of “Hold” and an average target price of $60.22.
In other Cirrus Logic news, VP Randolph K. Carlson sold 7,265 shares of the stock in a transaction that occurred on Tuesday, February 13th. The shares were sold at an average price of $42.03, for a total transaction of $305,347.95. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Over the last quarter, insiders have sold 7,941 shares of company stock worth $335,140. 1.92% of the stock is owned by company insiders.
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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.
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