News headlines about Cirrus Logic (NASDAQ:CRUS) have trended somewhat positive recently, Accern Sentiment Analysis reports. The research group identifies negative and positive news coverage by analyzing more than 20 million blog and news sources in real-time. Accern ranks coverage of 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 0.14 on Accern’s scale. Accern also assigned media headlines about the semiconductor company an impact score of 45.1283226306443 out of 100, meaning that recent news coverage is somewhat unlikely to have an impact on the stock’s share price in the immediate future.
These are some of the media headlines that may have effected Accern’s scoring:
- Pre-market Technical Pulse on Semiconductor Stocks — Vivint Solar, Cirrus Logic, Canadian Solar, and SPI Energy (prnewswire.com)
- Trend Analysis Report: Dunkin’ Brands Group, Inc., (NASDAQ: DNKN), Corium International, Inc., (NASDAQ: CORI … – Stocks In The News (press release) (tradingnewsnow.com)
- Cirrus Logic, Inc. (CRUS) Receives Average Recommendation of “Buy” from Analysts (americanbankingnews.com)
- Christine King Sells 5,000 Shares of Cirrus Logic, Inc. (CRUS) Stock (americanbankingnews.com)
- Cirrus Logic, Inc. (CRUS) Expected to Post Quarterly Sales of $532.30 Million (americanbankingnews.com)
CRUS has been the subject of a number of research reports. BidaskClub downgraded Cirrus Logic from a “strong-buy” rating to a “buy” rating in a report on Wednesday, August 2nd. Stifel Nicolaus reissued a “buy” rating and set a $75.00 target price on shares of Cirrus Logic in a report on Thursday, August 3rd. Vetr raised Cirrus Logic from a “buy” rating to a “strong-buy” rating and set a $66.67 price target for the company in a research note on Thursday, August 3rd. Zacks Investment Research raised Cirrus Logic from a “hold” rating to a “buy” rating and set a $64.00 price target for the company in a research note on Monday, August 7th. Finally, KeyCorp reaffirmed an “overweight” rating on shares of Cirrus Logic in a research note on Thursday, September 14th. Two equities research analysts have rated the stock with a sell rating, four have given a hold rating, eleven have assigned a buy rating and one has issued a strong buy rating to the company’s stock. Cirrus Logic presently has an average rating of “Buy” and a consensus target price of $67.05.
Cirrus Logic (NASDAQ:CRUS) traded up $0.45 during trading on Tuesday, hitting $56.22. The company had a trading volume of 555,200 shares, compared to its average volume of 1,154,078. The firm has a market capitalization of $3,620.00, a price-to-earnings ratio of 12.73, a P/E/G ratio of 1.45 and a beta of 0.05. Cirrus Logic has a one year low of $49.05 and a one year high of $71.97.
Cirrus Logic (NASDAQ:CRUS) last issued its quarterly earnings results on Thursday, November 2nd. The semiconductor company reported $1.36 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $1.20 by $0.16. Cirrus Logic had a return on equity of 25.37% and a net margin of 17.11%. The firm had revenue of $425.50 million for the quarter, compared to analyst estimates of $410.32 million. During the same period in the previous year, the firm earned $1.35 earnings per share. The company’s revenue was down .7% compared to the same quarter last year. sell-side analysts anticipate that Cirrus Logic will post 4.24 EPS for the current fiscal year.
In other news, Director Christine King sold 5,000 shares of the company’s stock in a transaction that occurred on Friday, September 15th. The stock was sold at an average price of $57.42, for a total transaction of $287,100.00. Following the transaction, the director now directly owns 16,182 shares of the company’s stock, valued at $929,170.44. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, VP Andrew Brannan sold 21,504 shares of the company’s 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 transaction, the vice president now directly owns 21,504 shares in the company, valued at $1,184,870.40. The disclosure for this sale can be found here. Over the last three months, insiders sold 44,367 shares of company stock worth $2,436,605. Insiders own 1.92% 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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