Headlines about Cirrus Logic (NASDAQ:CRUS) have trended somewhat positive this week, Accern reports. The research group identifies positive and negative press coverage by reviewing more than twenty million blog and news sources. Accern ranks coverage of publicly-traded companies on a scale of negative one to 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 gave media headlines about the semiconductor company an impact score of 46.4482662894691 out of 100, indicating that recent press coverage is somewhat unlikely to have an impact on the company’s share price in the next several days.

These are some of the media headlines that may have effected Accern’s rankings:

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Shares of Cirrus Logic stock opened at $43.40 on Thursday. The firm has a market capitalization of $2,705.11, a P/E ratio of 15.61, a P/E/G ratio of 1.24 and a beta of 0.11. Cirrus Logic has a 52 week low of $39.51 and a 52 week high of $71.97.

Cirrus Logic (NASDAQ:CRUS) last posted 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 company had revenue of $482.70 million during the quarter, compared to analysts’ expectations of $530.99 million. Cirrus Logic had a return on equity of 22.60% and a net margin of 11.89%. The business’s quarterly revenue was down 7.7% on a year-over-year basis. During the same quarter in the previous year, the company earned $1.87 EPS. analysts forecast that Cirrus Logic will post 3.78 earnings per share for the current year.

Cirrus Logic declared that its board has initiated a stock repurchase plan on Monday, February 5th that allows the company to repurchase $200.00 million in outstanding shares. This repurchase authorization allows the semiconductor company to repurchase shares of its stock through open market purchases. Shares repurchase plans are generally a sign that the company’s management believes its stock is undervalued.

A number of research firms have weighed in on CRUS. BidaskClub upgraded Cirrus Logic from a “strong sell” rating to a “sell” rating in a report on Tuesday, March 13th. ValuEngine upgraded Cirrus Logic from a “hold” rating to a “buy” rating in a report on Friday, February 9th. MKM Partners reduced their target price on Cirrus Logic to $54.00 and set a “buy” rating on the stock in a report on Tuesday, February 6th. Northland Securities reiterated a “buy” rating and set a $60.00 target price on shares of Cirrus Logic in a report on Tuesday, February 6th. Finally, Bank of America reduced their target price on Cirrus Logic from $50.00 to $41.00 and set a “sell” rating on the stock in a report on Tuesday, February 6th. Five analysts have rated the stock with a sell rating, two have issued a hold rating and eight have issued a buy rating to the company’s stock. Cirrus Logic has a consensus rating of “Hold” and a consensus price target of $60.22.

In related news, VP Randolph K. Carlson sold 7,265 shares of the company’s stock in a transaction that occurred on Tuesday, February 13th. The stock was sold at an average price of $42.03, for a total value of $305,347.95. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. Insiders sold a total of 7,888 shares of company stock worth $335,162 over the last ninety days. 1.92% of the stock is currently owned by insiders.

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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.

Insider Buying and Selling by Quarter for Cirrus Logic (NASDAQ:CRUS)

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