Analysts See $0.54 EPS for Cirrus Logic, Inc. (CRUS)

July 17, 2017 - By Peter Erickson

 Analysts See $0.54 EPS for Cirrus Logic, Inc. (CRUS)
Investors sentiment increased to 1.23 in Q4 2016. Its up 0.35, from 0.88 in 2016Q3. It improved, as 29 investors sold Cirrus Logic, Inc. shares while 94 reduced holdings. 54 funds opened positions while 97 raised stakes. 54.57 million shares or 1.99% less from 55.67 million shares in 2016Q3 were reported.
Rk Capital Management Ltd Liability Co has 1.15% invested in Cirrus Logic, Inc. (NASDAQ:CRUS) for 98,230 shares. Cornerstone Capital Management Hldgs Limited Liability Corp invested in 0.01% or 22,521 shares. 63,150 were accumulated by Argent Mngmt Ltd Limited Liability Company. Teacher Retirement Systems Of Texas reported 0% stake. Partner Investment Limited Partnership has invested 0.76% in Cirrus Logic, Inc. (NASDAQ:CRUS). Ameriprise Financial reported 864,628 shares stake. 1,662 were reported by First Mercantile Trust. Gsa Cap Prtnrs Limited Liability Partnership invested 0.02% of its portfolio in Cirrus Logic, Inc. (NASDAQ:CRUS). Gemmer Asset Mngmt Lc invested in 0.01% or 204 shares. Sunbelt Secs Incorporated holds 0% of its portfolio in Cirrus Logic, Inc. (NASDAQ:CRUS) for 100 shares. G2 Invest Prtnrs Mngmt Limited Liability Co accumulated 46,235 shares. Bb&T Securities Limited Liability Corporation holds 0% of its portfolio in Cirrus Logic, Inc. (NASDAQ:CRUS) for 4,018 shares. Thrivent For Lutherans has invested 0.01% in Cirrus Logic, Inc. (NASDAQ:CRUS). Ellington Limited Liability Corp reported 6,700 shares. Princeton Alpha Management Lp invested in 5,416 shares or 0.06% of the stock.

Since January 24, 2017, it had 0 insider buys, and 16 insider sales for $9.34 million activity. THOMAS SCOTT also sold $1.65M worth of Cirrus Logic, Inc. (NASDAQ:CRUS) shares. FLUKE BRADLEY J sold 19,459 shares worth $1.25M. $10,082 worth of Cirrus Logic, Inc. (NASDAQ:CRUS) shares were sold by SHERMAN WILLIAM D. ANDERSON SCOTT ARNOLD sold $1.45M worth of Cirrus Logic, Inc. (NASDAQ:CRUS) on Monday, May 15. Sahota Rashpal had sold 6,510 shares worth $363,668. 5,000 Cirrus Logic, Inc. (NASDAQ:CRUS) shares with value of $300,000 were sold by CASE THURMAN K. The insider Carlson Randolph K sold $1.00 million.

Wall Street await Cirrus Logic, Inc. (NASDAQ:CRUS) to release earnings on July, 26. Analysts forecast EPS of $0.54, up exactly $0.21 or 63.64 % from 2014’s $0.33 EPS. The expected CRUS’s profit could reach $34.73 million giving the stock 30.23 P/E in the case that $0.54 earnings per share is reported. After posting $0.73 EPS for the previous quarter, Cirrus Logic, Inc.’s analysts now forecast -26.03 % negative EPS growth. The stock decreased 0.35% or $0.23 during the last trading session, reaching $65.3. About 432,306 shares traded. Cirrus Logic, Inc. (NASDAQ:CRUS) has risen 97.50% since July 18, 2016 and is uptrending. It has outperformed by 80.80% the S&P500.

Cirrus Logic, Inc. (NASDAQ:CRUS) Ratings Coverage

Among 10 analysts covering Cirrus Logic (NASDAQ:CRUS), 8 have Buy rating, 0 Sell and 2 Hold. Therefore 80% are positive. Cirrus Logic had 21 analyst reports since July 23, 2015 according to SRatingsIntel. Topeka Capital Markets initiated the shares of CRUS in report on Friday, February 26 with “Buy” rating. The rating was initiated by Needham with “Buy” on Monday, March 14. The rating was upgraded by Pacific Crest on Tuesday, April 4 to “Overweight”. The stock of Cirrus Logic, Inc. (NASDAQ:CRUS) earned “Buy” rating by Stifel Nicolaus on Thursday, July 23. The stock of Cirrus Logic, Inc. (NASDAQ:CRUS) earned “Buy” rating by Canaccord Genuity on Tuesday, June 21. Oppenheimer downgraded the stock to “Perform” rating in Wednesday, March 1 report. The firm earned “Buy” rating on Thursday, October 13 by Stifel Nicolaus. The rating was maintained by Craig Hallum on Thursday, February 2 with “Hold”. On Thursday, July 23 the stock rating was maintained by Rosenblatt with “Buy”. The firm earned “Hold” rating on Monday, November 21 by Craig Hallum.

Cirrus Logic, Inc. is engaged in providing integrated circuits for audio and voice signal processing applications. The company has market cap of $4.20 billion. The Firm develops analog and mixed-signal ICs for a range of customers. It has a 16.68 P/E ratio. The Firm offers two product lines: Portable Audio, and Non-Portable Audio and Other.

More important recent Cirrus Logic, Inc. (NASDAQ:CRUS) news were published by: Fool.com which released: “Why Cirrus Logic, Inc. Fell 10% in February” on March 09, 2017, also Fool.com published article titled: “3 Things Cirrus Logic Management Wants You to Know”, Fool.com published: “Better Buy: Cirrus Logic vs. Qorvo” on July 11, 2017. More interesting news about Cirrus Logic, Inc. (NASDAQ:CRUS) was released by: Seekingalpha.com and their article: “Cirrus Logic: A Sound Long-Term Investment” with publication date: April 17, 2017.

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