Cirrus Logic (CRUS) Given Daily Media Sentiment Score of 0.08
News headlines about Cirrus Logic (NASDAQ:CRUS) have been trending somewhat positive this week, according to Accern Sentiment. The research firm identifies positive and negative press coverage by analyzing more than twenty million blog and news sources in real time. Accern ranks coverage of public companies on a scale of -1 to 1, with scores nearest to one being the most favorable. Cirrus Logic earned a media sentiment score of 0.08 on Accern’s scale. Accern also gave headlines about the semiconductor company an impact score of 46.6167296586882 out of 100, indicating that recent press coverage is somewhat unlikely to have an impact on the company’s share price in the near term.
Here are some of the news headlines that may have impacted Accern’s rankings:
- Analysts Watch-List Stock: Cirrus Logic, Inc. (CRUS) – Wall Street Morning (wallstreetmorning.com)
- Here’s What Short-Term Traders Should Know – Cirrus Logic Inc … – Alpha Beta Stock (alphabetastock.com)
- $321.11 Million in Sales Expected for Cirrus Logic, Inc. (CRUS) This Quarter (americanbankingnews.com)
- Cirrus Logic (CRUS) Stock Rating Upgraded by ValuEngine (americanbankingnews.com)
- Brokers Offer Predictions for Cirrus Logic, Inc.’s Q4 2018 Earnings (CRUS) (americanbankingnews.com)
CRUS has been the topic of several analyst reports. Vetr lowered Cirrus Logic from a “hold” rating to a “sell” rating and set a $49.82 target price on the stock. in a research note on Monday, December 18th. BidaskClub lowered Cirrus Logic from a “hold” rating to a “sell” rating in a research note on Wednesday, December 6th. Craig Hallum reiterated a “hold” rating and issued a $54.00 target price (down previously from $63.00) on shares of Cirrus Logic in a research note on Friday, November 3rd. Zacks Investment Research lowered Cirrus Logic from a “hold” rating to a “sell” rating in a research note on Friday, January 12th. Finally, Canaccord Genuity reiterated a “buy” rating and issued a $76.00 target price on shares of Cirrus Logic in a research note on Friday, November 3rd. Five equities research analysts have rated the stock with a sell rating, four have given a hold rating and eight have issued a buy rating to the stock. Cirrus Logic presently has an average rating of “Hold” and an average target price of $60.92.
Cirrus Logic (NASDAQ:CRUS) last issued its quarterly earnings results on Monday, February 5th. The semiconductor company reported $1.59 earnings per share for the quarter, missing the consensus estimate of $1.78 by ($0.19). The business had revenue of $482.70 million during 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 revenue was down 7.7% compared to the same quarter last year. During the same period in the prior year, the business posted $1.87 EPS. research analysts anticipate that Cirrus Logic will post 3.78 earnings per share for the current fiscal year.
Cirrus Logic announced that its Board of Directors has authorized a stock repurchase program on Monday, February 5th that allows the company to repurchase $200.00 million in shares. This repurchase authorization allows the semiconductor company to reacquire shares of its stock through open market purchases. Shares repurchase programs are usually an indication that the company’s board believes its shares are undervalued.
In other Cirrus Logic news, Director Christine King sold 562 shares of the firm’s stock in a transaction dated Friday, December 15th. The stock was sold at an average price of $49.75, for a total value of $27,959.50. Following the completion of the sale, the director now owns 11,744 shares of the company’s stock, valued at $584,264. The sale was disclosed in a filing with the SEC, which is available through this hyperlink. In the last three months, insiders sold 1,140 shares of company stock valued at $57,852. Corporate 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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