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

July 17, 2017 - By Adrian Erickson

 $0.54 EPS Expected for Cirrus Logic, Inc. (CRUS)
Investors sentiment increased to 1.23 in 2016 Q4. Its up 0.35, from 0.88 in 2016Q3. It is positive, 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.
Credit Agricole S A invested in 215,771 shares or 0.04% of the stock. Moreover, Acadian Asset Mngmt Limited Liability Com has 0% invested in Cirrus Logic, Inc. (NASDAQ:CRUS) for 2,907 shares. Bnp Paribas Arbitrage owns 20,779 shares or 0.01% of their US portfolio. Bluemountain Capital Management Lc reported 28,234 shares. Jpmorgan Chase holds 331,263 shares or 0% of its portfolio. Hgk Asset Mngmt, New Jersey-based fund reported 13,458 shares. Lombardia Capital Partners Ltd reported 8,163 shares. Sg Americas Securities Limited Liability Company owns 4,886 shares for 0% of their portfolio. Kentucky-based Teachers Retirement Sys Of The State Of Kentucky has invested 0.01% in Cirrus Logic, Inc. (NASDAQ:CRUS). Whale Rock Capital Mngmt Ltd Liability, Massachusetts-based fund reported 229,587 shares. Tci Wealth Advisors Inc has 0% invested in Cirrus Logic, Inc. (NASDAQ:CRUS) for 109 shares. Metropolitan Life Insur Company New York owns 0.04% invested in Cirrus Logic, Inc. (NASDAQ:CRUS) for 100,055 shares. Fmr Limited Liability Company holds 0.06% or 7.31M shares. Voya Investment Llc accumulated 0.01% or 54,766 shares. Oxford Asset Management has invested 0.11% of its portfolio in Cirrus Logic, Inc. (NASDAQ:CRUS).

Since January 24, 2017, it had 0 buys, and 16 selling transactions for $9.34 million activity. 7,000 Cirrus Logic, Inc. (NASDAQ:CRUS) shares with value of $446,102 were sold by KING CHRISTINE. Shares for $1.89 million were sold by Carlson Randolph K. ANDERSON SCOTT ARNOLD sold $1.45M worth of Cirrus Logic, Inc. (NASDAQ:CRUS) on Monday, May 15. Another trade for 166 shares valued at $10,324 was sold by SHERMAN WILLIAM D. CASE THURMAN K sold $300,000 worth of stock or 5,000 shares. THOMAS SCOTT sold $469,364 worth of Cirrus Logic, Inc. (NASDAQ:CRUS) on Wednesday, February 1. SCHUELE ALAN R sold $150,950 worth of stock.

Analysts expect Cirrus Logic, Inc. (NASDAQ:CRUS) to report $0.54 EPS on July, 26.They anticipate $0.21 EPS change or 63.64 % from last quarter’s $0.33 EPS. CRUS’s profit would be $34.73 million giving it 30.23 P/E if the $0.54 EPS is correct. After having $0.73 EPS previously, Cirrus Logic, Inc.’s analysts see -26.03 % 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. The firm has “Hold” rating by Craig Hallum given on Thursday, February 2. The firm has “Buy” rating by Stifel Nicolaus given on Thursday, October 13. The company was initiated on Monday, November 21 by Craig Hallum. Stifel Nicolaus upgraded Cirrus Logic, Inc. (NASDAQ:CRUS) on Thursday, July 23 to “Buy” rating. Canaccord Genuity initiated Cirrus Logic, Inc. (NASDAQ:CRUS) rating on Tuesday, June 21. Canaccord Genuity has “Buy” rating and $52 target. The company was initiated on Monday, March 14 by Needham. The company was initiated on Friday, February 26 by Topeka Capital Markets. The company was downgraded on Wednesday, March 1 by Oppenheimer. The company was upgraded on Tuesday, April 4 by Pacific Crest. Oppenheimer upgraded it to “Outperform” rating and $40 target in Thursday, January 28 report.

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: Seekingalpha.com which released: “Cirrus Logic: A Sound Long-Term Investment” on April 17, 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: Fool.com and their article: “Why Cirrus Logic, Inc. Fell 10% in February” with publication date: March 09, 2017.

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