CRUS - Cirrus Logic, Inc.

NasdaqGS - NasdaqGS Real Time Price. Currency in USD
36.65
+0.39 (+1.08%)
At close: 4:00PM EST
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Previous Close36.26
Open36.56
Bid36.01 x 800
Ask38.02 x 800
Day's Range36.10 - 37.22
52 Week Range31.25 - 52.74
Volume752,358
Avg. Volume984,196
Market Cap2.193B
Beta (3Y Monthly)0.55
PE Ratio (TTM)23.42
EPS (TTM)1.57
Earnings DateJan 30, 2019
Forward Dividend & YieldN/A (N/A)
Ex-Dividend DateN/A
1y Target Est44.00
Trade prices are not sourced from all markets
  • Markit2 days ago

    See what the IHS Markit Score report has to say about Cirrus Logic Inc.

    # Cirrus Logic Inc ### NASDAQ/NGS:CRUS View full report here! ## Summary * Bearish sentiment is moderate * Economic output for the sector is expanding but at a slower rate ## Bearish sentiment Short interest | Positive Short interest is moderate for CRUS with between 5 and 10% of shares outstanding currently on loan. The last change in the short interest score occurred more than 1 month ago and implies that there has been little change in sentiment among investors who seek to profit from falling equity prices. ## Money flow ETF/Index ownership | Negative ETF activity is negative and may be weakening. The net inflows of $1.17 billion over the last one-month into ETFs that hold CRUS are among the lowest of the last year and appear to be slowing. ## Economic sentiment PMI by IHS Markit | Negative According to the latest IHS Markit Purchasing Managers' Index (PMI) data, output in the Technology sector is rising. The rate of growth is weak relative to the trend shown over the past year, however, and is easing. ## Credit worthiness Credit default swap CDS data is not available for this security. Please send all inquiries related to the report to score@ihsmarkit.com. Charts and report PDFs will only be available for 30 days after publishing. This document has been produced for information purposes only and is not to be relied upon or as construed as investment advice. To the fullest extent permitted by law, IHS Markit disclaims any responsibility or liability, whether in contract, tort (including, without limitation, negligence), equity or otherwise, for any loss or damage arising from any reliance on or the use of this material in any way. Please view the full legal disclaimer and methodology information on pages 2-3 of the full report.

  • MarketWatch5 days ago

    Chipmakers look poised for a weak earnings season, KeyBanc says

    KeyBanc Capital Markets analyst John Vinh delivered a downbeat view of the upcoming earnings season for the chipmakers in his coverage, writing of several concerning trends in a note to clients Wednesday. "We expect 4Q18 earnings season to be challenging given weakening end-demand trends, particularly in China, across multiple sectors including autos, industrials, consumer, and white goods," he wrote. "With lead times beginning to ease and inventory levels higher, we anticipate a cyclical correction should result in below-seasonal outlooks for broad-based semiconductor companies." Vinh is also concerned about the impact of weak iPhone demand in what could be "one of the most disappointing iPhone cycles since the 6s." He sees risk to forward estimates for Cirrus Logic Inc. , Qorvo Inc. , Skyworks Solutions Inc. , and Synaptics Inc. due to ongoing issues with Apple Inc.'s iPhone. He deems wireless infrastructure, including around 5G, "one of the few areas of strength within semiconductors." Vinh recommends buying Xilinx Inc. shares heading into earnings season and sees room for upside due to "healthy wireless infrastructure demand including 4G and initial 5G pulls." The PHLX Semiconductor Index is down 6.7% over the past three months, while the S&P 500 has dropped 7.1%.

  • Markit6 days ago

    See what the IHS Markit Score report has to say about Cirrus Logic Inc.

    # Cirrus Logic Inc ### NASDAQ/NGS:CRUS View full report here! ## Summary * Bearish sentiment is moderate * Economic output for the sector is expanding but at a slower rate ## Bearish sentiment Short interest | Positive Short interest is moderate for CRUS with between 5 and 10% of shares outstanding currently on loan. The last change in the short interest score occurred more than 1 month ago and implies that there has been little change in sentiment among investors who seek to profit from falling equity prices. ## Money flow ETF/Index ownership | Neutral ETF activity is neutral. The net inflows of $2.33 billion over the last one-month into ETFs that hold CRUS are not among the highest of the last year and have been slowing. ## Economic sentiment PMI by IHS Markit | Negative According to the latest IHS Markit Purchasing Managers' Index (PMI) data, output in the Technology sector is rising. The rate of growth is weak relative to the trend shown over the past year, however, and is easing. ## Credit worthiness Credit default swap CDS data is not available for this security. Please send all inquiries related to the report to score@ihsmarkit.com. Charts and report PDFs will only be available for 30 days after publishing. This document has been produced for information purposes only and is not to be relied upon or as construed as investment advice. To the fullest extent permitted by law, IHS Markit disclaims any responsibility or liability, whether in contract, tort (including, without limitation, negligence), equity or otherwise, for any loss or damage arising from any reliance on or the use of this material in any way. Please view the full legal disclaimer and methodology information on pages 2-3 of the full report.

  • ACCESSWIRE7 days ago

    Today's Research Reports on Trending Tickers: Cirrus Logic and Broadcom

    Cirrus Logic's stock jumped 3.53% Friday, to close the day at $35.81. The stock recorded a trading volume of 724,380 shares, which was below its three months average volume of 981,174 shares. In the last year, Cirrus Logic's shares have traded in a range of 31.25 - 55.13.

  • Apple (AAPL) Likely to Release Three iPhone Models in 2019
    Zacks10 days ago

    Apple (AAPL) Likely to Release Three iPhone Models in 2019

    Reportedly, Apple (AAPL) is likely to release three iPhone models again in 2019.

  • Is Cirrus Logic, Inc.’s (NASDAQ:CRUS) Balance Sheet Strong Enough To Weather A Storm?
    Simply Wall St.11 days ago

    Is Cirrus Logic, Inc.’s (NASDAQ:CRUS) Balance Sheet Strong Enough To Weather A Storm?

    Cirrus Logic, Inc. (NASDAQ:CRUS), which has zero-debt on its balance sheet, can maximize capital returns by increasing debt due to its lower cost of capital. However, the trade-off is CRUS Read More...

  • Weakness Continues to Plague Apple’s iPhone Sales
    Market Realist12 days ago

    Weakness Continues to Plague Apple’s iPhone Sales

    Weakness Continues to Plague Apple’s iPhone Sales ## Apple cuts iPhone production again As per the latest report by the Nikkei Asian Review on January 9, Apple (AAPL) is cutting the production of its latest iPhone models by ~10% in the first quarter due to sluggish iPhone sales. The recent cut in iPhone production comes within two months of the iPhone maker telling its suppliers to produce fewer-than-expected iPhones for the March quarter. Soft demand for the latest iPhone models has led the company’s suppliers, including Lumentum Holdings (LITE), Qorvo (QRVO), Universal Display, Cirrus Logic (CRUS), and Skyworks Solutions (SWKS), to cut their sales outlooks. Apple’s iPhone sales weakness was also reflected in the reduction of its sales guidance, which it announced last week. Apart from the soft iPhone sales expected in Greater China, Apple expects the weakening Chinese economy to further dent iPhone sales. ## Lower demand for Apple’s newest iPhones The company’s trimmed-down production plan for its smartphones—including its new iPhone models the XS Max, XS, and XR—signals that its new models aren’t seeing robust demand. Reportedly, the company’s planned production volumes for new and old iPhones will now be ~40 million–43 million units for the first quarter, down from the earlier forecast of 47 million–48 million units. Apple has been witnessing sluggish demand for its iPhones, which are a crucial driver of its revenue. The company also missed its iPhone shipment estimate on November 1. It reported iPhone unit shipments of 46.9 million in the fourth quarter of fiscal 2018, down from analysts’ expectation of 47.5 million units.

  • Markit12 days ago

    See what the IHS Markit Score report has to say about Cirrus Logic Inc.

    # Cirrus Logic Inc ### NASDAQ/NGS:CRUS View full report here! ## Summary * ETFs holding this stock are seeing positive inflows * Bearish sentiment is moderate * Economic output for the sector is expanding but at a slower rate ## Bearish sentiment Short interest | Positive Short interest is moderate for CRUS with between 5 and 10% of shares outstanding currently on loan. The last change in the short interest score occurred more than 1 month ago and implies that there has been little change in sentiment among investors who seek to profit from falling equity prices. ## Money flow ETF/Index ownership | Positive ETF activity is positive. Over the last month, growth of ETFs holding CRUS is favorable, with net inflows of $4.88 billion. This is among the highest net inflows seen over the last one-year and the rate of additional inflows appears to be increasing. ## Economic sentiment PMI by IHS Markit | Negative According to the latest IHS Markit Purchasing Managers' Index (PMI) data, output in the Technology sector is rising. The rate of growth is weak relative to the trend shown over the past year, however, and is easing. ## Credit worthiness Credit default swap CDS data is not available for this security. Please send all inquiries related to the report to score@ihsmarkit.com. Charts and report PDFs will only be available for 30 days after publishing. This document has been produced for information purposes only and is not to be relied upon or as construed as investment advice. To the fullest extent permitted by law, IHS Markit disclaims any responsibility or liability, whether in contract, tort (including, without limitation, negligence), equity or otherwise, for any loss or damage arising from any reliance on or the use of this material in any way. Please view the full legal disclaimer and methodology information on pages 2-3 of the full report.

  • Should Semiconductor Investors Worry about Apple’s Weak Guidance?
    Market Realist13 days ago

    Should Semiconductor Investors Worry about Apple’s Weak Guidance?

    Semiconductor Stocks Plunge on Apple's Weak Revenue Guidance (Continued from Prior Part) ## What’s behind Apple’s downtrend? Previously, we saw that Apple (AAPL) has been hit by slowing iPhone demand, which sent the company’s stock on a downward path. The stock has fallen 36% to a new 52-week low of $142 between November 1, 2018, and January 3, 2019. The downtrend started on November 1 when the company reported lower-than-expected revenue guidance of $91 billion at the midpoint for the first quarter of fiscal 2019, which ended December 29, 2018. The steepest decline in Apple stock came on January 3 after the company revised its revenue guidance by 7.7% to $84 billion, representing a decline of 5% from a year ago. ## Semiconductor suppliers hit by Apple’s weak guidance Apple is one of the largest customers in the semiconductor industry. Companies like Qorvo (QRVO), Cirrus Logic (CRUS), and Skyworks (SWKS) depend heavily on the iPhone maker for revenue. Weak revenue from Apple will lower orders from the iPhone maker, thereby impacting suppliers’ earnings. Thus, stocks of the above three companies fell more than 8% on January 3. Broadcom (AVGO) also took a big hit, as it is one of Apple’s biggest suppliers and supplies various components for iPhones. As the smartphone market slowed, some suppliers reduced their dependence on Apple by diversifying their revenue streams, which mitigated the impact of Apple’s weak guidance on their stocks. The stock of Apple’s sole foundry partner for A12 processors, TSMC (TSM), fell 5.9% on January 3. TSMC has been increasing its exposure to high computing processors. The declines from Apple are likely to be offset by new orders from Qualcomm (QCOM) and Advanced Micro Devices (AMD). The stock of Intel (INTC), Apple’s sole modem supplier, fell 5.5% on January 3, as the latter’s modem business contributes little towards its revenue. Apple’s power management chip supplier, Texas Instruments (TXN), fell 5.9% on the same day, as the latter reduced its exposure to the iPhone maker by diversifying into automotive and industrial markets. The stocks of the above suppliers could recover from the January 3 fall but are likely to see another fall when Apple releases its fiscal 2019 first-quarter earnings on January 29. Thus, investors should keep an eye on Apple’s upcoming earnings. Check out all the data we have added to our quote pages. Now you can get a valuation snapshot, earnings and revenue estimates, and historical data as well as dividend info. Take a look! Browse this series on Market Realist: * Part 1 - Investors React to Apple’s Weak Q1 Revenue Guidance

  • Business Wire14 days ago

    Cirrus Logic to Announce Q3 Results Jan. 30

    Cirrus Logic, Inc. today announced that the company will post its third quarter fiscal year 2019 financial results and business outlook on the investor relations area of its website on Wednesday, Jan.

  • Cirrus Logic Hits a New 52-Week Low on Apple's Guidance Cut
    Zacks17 days ago

    Cirrus Logic Hits a New 52-Week Low on Apple's Guidance Cut

    Cirrus Logic (CRUS) shares decline on news of Apple trimming its first-quarter fiscal 2019 guidance.

  • Apple Bruised By iPhone Sales Collapse, Weak Demand In China
    Investor's Business Daily18 days ago

    Apple Bruised By iPhone Sales Collapse, Weak Demand In China

    Apple stock tumbled after the consumer electronics giant warned that holiday-quarter sales would come in well below prior estimates amid weak iPhone demand. Revenue is set to decline.

  • 5 Apple Suppliers Hurt by the Guidance Cut
    InvestorPlace18 days ago

    5 Apple Suppliers Hurt by the Guidance Cut

    2019 is off to a nasty start thanks to a big revenue guidance cut from Apple (NASDAQ:AAPL) as iPhone demand continues to wane. This is the single most covered stock in the world, and analysts were blindsided by the decay of the smartphone dynamic despite months of warnings from Apple suppliers. Apple currently has 26 buy recommendations, 20 holds, and just two sells.

  • The Zacks Analyst Blog Highlights: Apple, Sony, Lumentum and Cirrus
    Zacks18 days ago

    The Zacks Analyst Blog Highlights: Apple, Sony, Lumentum and Cirrus

    The Zacks Analyst Blog Highlights: Apple, Sony, Lumentum and Cirrus

  • MarketWatch18 days ago

    Apple suppliers' stocks take a beating after revenue warning

    Shares of Apple Inc. suppliers took a beating in premarket trade Thursday, in the wake of Apple slashing its revenue outlook because of much weaker-than-anticipated iPhone sales in China. Shares of Lumentum Holdings Inc. dropped 8.7% ahead of the open, Cirrus Logic Inc. slumped 8.5% and Qorvo Inc. gave up 5.3%. Lumentum and Qorvo had warned in November of revenue shortfalls, citing weakening demand for their smartphone customers. Shares of Austria-based AMS AG , which is also an Apple supplier, plunged 20% in overseas trading. Apple's stock had already tumbled 32% over the past three months through Wednesday, while the Dow Jones Industrial Average had shed 13%.

  • Apple to Collaborate With Sony for 3D Camera on iPhone XI
    Zacks19 days ago

    Apple to Collaborate With Sony for 3D Camera on iPhone XI

    Apple (AAPL) to leverage Sony's long-range 3D camera on iPhone XI to lure customers amid dwindling sales of iPhone.

  • GlobeNewswire19 days ago

    New Research: Key Drivers of Growth for Hewlett Packard Enterprise, Micron Technology, Cirrus Logic, Applied Genetic Technologies, KemPharm, and Communications — Factors of Influence, Major Initiatives and Sustained Production

    NEW YORK, Jan. 02, 2019 -- In new independent research reports released early this morning, Market Source Research released its latest key findings for all current investors,.

  • 3 Top Growth Opportunities for This Tiny Apple Supplier
    Motley Fool24 days ago

    3 Top Growth Opportunities for This Tiny Apple Supplier

    Here's what this small chip specialist is looking to for growth.

  • Market Realist26 days ago

    Will Apple Announce a Reduced Outlook for March Quarter?

    Will Apple Announce Reduced Outlook for March Quarter? Apple (AAPL) stock has lost 33% in the last three months. Expectations of a weak December quarter for Apple and the broader market sell-offs (QQQ) (VTI) are some of the reasons for this decline.

  • What Falling Estimates & Price Mean for Cirrus Logic (CRUS)
    Zacks28 days ago

    What Falling Estimates & Price Mean for Cirrus Logic (CRUS)

    Cirrus Logic (CRUS) has witnessed a significant price decline in the past four weeks, and is seeing negative earnings estimate revisions as well.

  • Hedge Funds Are Crazy About Cirrus Logic, Inc. (CRUS)
    Insider Monkeylast month

    Hedge Funds Are Crazy About Cirrus Logic, Inc. (CRUS)

    Concerns over rising interest rates and expected further rate increases have hit several stocks hard since the end of the third quarter. NASDAQ and Russell 2000 indices are already in correction territory. More importantly, Russell 2000 ETF (IWM) underperformed the larger S&P 500 ETF (SPY) by about 4 percentage points in the first half of […]

  • Market Realistlast month

    Piper Jaffray Cut Apple’s Target Price

    In the last few weeks, many brokerage firms have cut Apple’s (AAPL) target price. Last month, Goldman Sachs (GS) slashed Apple’s 12-month target price from $209 to $182. Goldman Sachs cut the target price due to lower-than-expected demand for the iPhone XR and slowing demand for Apple products in China (FXI). On December 4, analysts at HSBC downgraded Apple’s rating to a “hold” from a “buy.” HSBC thinks that Apple’s hardware growth will be stagnant.

  • InvestorPlacelast month

    Should Investors Ignore the Apple Stock Skeptics?

    As much as I was eager to recommend that investors ignore the growing pessimism around Apple (NASDAQ: AAPL) stock and follow Warren Buffett’s famous quote about being “fearful when others are greedy and greedy when others are fearful,” I just can’t do it, at least not for now. The red flags around Apple stock are just too numerous to ignore. Apple CFO Luca Maestri argued that the “number of units sold during any quarter has not been necessarily representative of the underlying strength of our business”, but that’s just an excuse.

  • Business Wirelast month

    Cirrus Logic Names Synopsys’ Deirdre Hanford to Board of Directors

    Cirrus Logic, Inc. (CRUS) announced that Deirdre Hanford has been named to the company’s board of directors. Hanford serves as co-general manager of Synopsys’ Design Group, with shared responsibilities to drive the development and deployment of the company’s digital implementation and analog/mixed-signal product lines. “We are extremely pleased to welcome Deirdre to the Cirrus Logic Board of Directors,” said Jason Rhode, president and chief executive officer, Cirrus Logic.

  • See what the IHS Markit Score report has to say about Cirrus Logic Inc.
    Markitlast month

    See what the IHS Markit Score report has to say about Cirrus Logic Inc.

    Cirrus Logic Inc NASDAQ/NGS:CRUS