News headlines about Cirrus Logic (NASDAQ:CRUS) have been trending positive on Friday, Alpha One Sentiment reports. Alpha One, a subsidiary of Accern, scores the sentiment of press coverage by monitoring more than twenty million blog and news sources in real-time. Alpha One 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 media sentiment score of 0.35 on Alpha One’s scale. Alpha One also assigned media coverage about the semiconductor company an impact score of 95 out of 100, indicating that recent press coverage is extremely likely to have an impact on the company’s share price in the near future.
Here are some of the news headlines that may have effected Alpha One Sentiment’s rankings:
- $0.59 EPS Expected for Cirrus Logic, Inc. (CRUS) This Quarter (americanbankingnews.com)
- Market bears resurface, S&P 500 balks at the breakdown point (marketwatch.com)
- Positive Press Coverage Unlikely to Impact Cirrus Logic (CRUS) Share Price (americanbankingnews.com)
- Cirrus: A Sound Long-Term Investment (seekingalpha.com)
- The Consensus Has Spoken: Ratings update on Cirrus Logic, Inc. (NASDAQ:CRUS) – The Herald (hiramherald.com)
Shares of Cirrus Logic (NASDAQ:CRUS) traded down 0.42% during mid-day trading on Friday, hitting $63.92. 787,444 shares of the stock were exchanged. The company has a 50-day moving average of $59.42 and a 200 day moving average of $56.81. Cirrus Logic has a one year low of $31.00 and a one year high of $66.10. The stock has a market cap of $4.11 billion, a PE ratio of 17.62 and a beta of 0.11.
Cirrus Logic (NASDAQ:CRUS) last released its quarterly earnings data on Wednesday, February 1st. The semiconductor company reported $1.87 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.53 by $0.34. Cirrus Logic had a net margin of 15.94% and a return on equity of 25.10%. The company earned $523 million during the quarter, compared to analyst estimates of $495.22 million. During the same quarter in the prior year, the business earned $0.82 earnings per share. The business’s quarterly revenue was up 50.3% compared to the same quarter last year. On average, equities analysts predict that Cirrus Logic will post $4.36 earnings per share for the current year.
A number of research analysts have weighed in on CRUS shares. Needham & Company LLC raised their target price on shares of Cirrus Logic from $65.00 to $70.00 and gave the stock a “buy” rating in a research note on Thursday, February 2nd. Canaccord Genuity reissued a “buy” rating and issued a $70.00 target price on shares of Cirrus Logic in a research note on Tuesday, January 31st. MKM Partners started coverage on shares of Cirrus Logic in a research note on Wednesday, February 22nd. They issued a “buy” rating and a $65.00 target price on the stock. Vetr lowered shares of Cirrus Logic from a “strong-buy” rating to a “buy” rating and set a $70.00 target price on the stock. in a research note on Tuesday. Finally, Pacific Crest reissued an “equal weight” rating on shares of Cirrus Logic in a research note on Monday, February 6th. Five equities research analysts have rated the stock with a hold rating and seven have given a buy rating to the company’s stock. Cirrus Logic has an average rating of “Buy” and an average price target of $65.18.
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In other news, VP Randolph K. Carlson sold 17,880 shares of the stock in a transaction on Tuesday, February 7th. The shares were sold at an average price of $55.98, for a total value of $1,000,922.40. Following the completion of the sale, the vice president now owns 25,145 shares of the company’s stock, valued at $1,407,617.10. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Also, Director Alan R. Schuele sold 2,500 shares of the stock in a transaction on Monday, January 30th. The stock was sold at an average price of $60.38, for a total transaction of $150,950.00. Following the completion of the sale, the director now directly owns 13,109 shares of the company’s stock, valued at approximately $791,521.42. The disclosure for this sale can be found here. Insiders sold 27,240 shares of company stock valued at $1,535,495 in the last three months. Company insiders own 3.10% of the company’s stock.
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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