Media stories about Cirrus Logic (NASDAQ:CRUS) have trended somewhat positive recently, according to Accern. Accern rates the sentiment of news coverage by reviewing more than 20 million blog and news sources in real time. Accern ranks coverage of public companies on a scale of -1 to 1, with scores closest to one being the most favorable. Cirrus Logic earned a media sentiment score of 0.11 on Accern’s scale. Accern also gave news coverage about the semiconductor company an impact score of 44.749644584307 out of 100, indicating that recent news coverage is somewhat unlikely to have an effect on the company’s share price in the next few days.
These are some of the news articles that may have impacted Accern Sentiment’s scoring:
- Technical summary on Cirrus Logic, Inc. (CRUS) – Wall Street Morning (wallstreetmorning.com)
- Noteworthy Wednesday Option Activity: CRUS, TXN, SYX (nasdaq.com)
- Cirrus Logic, Inc. (CRUS) Director Sells $10,024.42 in Stock (americanbankingnews.com)
- Financial Contrast: Cirrus Logic (CRUS) vs. Universal Display (OLED) (americanbankingnews.com)
- Aquantia (AQ) & Cirrus Logic (CRUS) Head-To-Head Contrast (americanbankingnews.com)
Shares of Cirrus Logic (NASDAQ CRUS) traded up $0.03 on Friday, hitting $53.89. 770,900 shares of the company traded hands, compared to its average volume of 734,000. The stock has a market capitalization of $3,430.00 and a P/E ratio of 13.18. Cirrus Logic has a fifty-two week low of $48.61 and a fifty-two week high of $71.97.
Cirrus Logic (NASDAQ:CRUS) last announced its quarterly earnings data on Thursday, November 2nd. The semiconductor company reported $1.36 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.20 by $0.16. The business had revenue of $425.50 million for the quarter, compared to the consensus estimate of $410.32 million. Cirrus Logic had a net margin of 17.11% and a return on equity of 25.37%. The company’s quarterly revenue was down .7% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $1.35 earnings per share. analysts forecast that Cirrus Logic will post 4.21 earnings per share for the current year.
CRUS has been the topic of several research reports. Stifel Nicolaus reiterated a “buy” rating on shares of Cirrus Logic in a research report on Wednesday, September 13th. KeyCorp reiterated an “overweight” rating on shares of Cirrus Logic in a research report on Thursday, September 14th. Craig Hallum reiterated a “hold” rating on shares of Cirrus Logic in a research report on Wednesday, September 13th. Bank of America initiated coverage on shares of Cirrus Logic in a research report on Monday, September 18th. They issued an “underperform” rating and a $50.00 price target on the stock. Finally, ValuEngine lowered shares of Cirrus Logic from a “buy” rating to a “hold” rating in a research report on Monday, September 18th. Four analysts have rated the stock with a sell rating, five have issued a hold rating and nine have given a buy rating to the stock. The stock presently has a consensus rating of “Hold” and an average price target of $65.76.
In related news, Director Christine King sold 5,000 shares of the company’s stock in a transaction that occurred on Wednesday, November 15th. The shares were sold at an average price of $54.14, for a total transaction of $270,700.00. The sale was disclosed in a filing with the SEC, which is accessible through this hyperlink. Insiders have sold 11,123 shares of company stock worth $601,268 in the last three months. Insiders own 1.92% of the company’s stock.
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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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