Cirrus Logic, Inc. (CRUS) EPS Estimated At $0.54

July 17, 2017 - By Linda Rogers

 Cirrus Logic, Inc. (CRUS) EPS Estimated At $0.54
Investors sentiment increased to 1.23 in 2016 Q4. Its up 0.35, from 0.88 in 2016Q3. It increased, 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.
Barclays Pcl stated it has 6,858 shares or 0% of all its holdings. Utd Services Automobile Association owns 0.01% invested in Cirrus Logic, Inc. (NASDAQ:CRUS) for 56,201 shares. Globeflex Limited Partnership invested in 0.25% or 17,600 shares. Metropolitan Life Ins New York reported 0.04% stake. Stevens Capital Lp has 0.02% invested in Cirrus Logic, Inc. (NASDAQ:CRUS). California-based Clarivest Asset Mngmt has invested 0.08% in Cirrus Logic, Inc. (NASDAQ:CRUS). Manufacturers Life Insurance Com The accumulated 115,035 shares. Tower Rech Capital Ltd (Trc), New York-based fund reported 1,176 shares. Advisory holds 0.03% of its portfolio in Cirrus Logic, Inc. (NASDAQ:CRUS) for 35,243 shares. Ellington Mgmt Grp Limited Company reported 0.06% of its portfolio in Cirrus Logic, Inc. (NASDAQ:CRUS). Vanguard Group Inc Inc Inc reported 6.55 million shares. Teachers Retirement System Of The State Of Kentucky reported 15,400 shares. Riverhead Cap Mngmt Ltd Com holds 0.01% or 2,800 shares. Qs Ltd Limited Liability Company invested in 136,274 shares or 0.06% of the stock. Credit Suisse Ag invested in 0.01% or 104,578 shares.

Since January 24, 2017, it had 0 buys, and 16 selling transactions for $9.34 million activity. THOMAS SCOTT sold $469,364 worth of Cirrus Logic, Inc. (NASDAQ:CRUS) on Wednesday, February 1. SHERMAN WILLIAM D sold $9,968 worth of Cirrus Logic, Inc. (NASDAQ:CRUS) on Tuesday, May 2. Another trade for 17,880 shares valued at $1.00M was made by Carlson Randolph K on Tuesday, February 7. FLUKE BRADLEY J also sold $1.25M worth of Cirrus Logic, Inc. (NASDAQ:CRUS) on Thursday, May 4. $310,950 worth of Cirrus Logic, Inc. (NASDAQ:CRUS) shares were sold by ANDERSON SCOTT ARNOLD. SCHUELE ALAN R also sold $150,950 worth of Cirrus Logic, Inc. (NASDAQ:CRUS) shares. Shares for $300,000 were sold by CASE THURMAN K.

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. The rating was maintained by Canaccord Genuity on Friday, October 28 with “Buy”. The stock has “Overweight” rating by Pacific Crest on Tuesday, April 4. The company was maintained on Thursday, February 2 by Craig Hallum. The firm has “Buy” rating given on Thursday, October 13 by Stifel Nicolaus. The firm earned “Buy” rating on Friday, October 28 by Stifel Nicolaus. As per Monday, November 21, the company rating was initiated by Craig Hallum. The stock has “Buy” rating by Canaccord Genuity on Tuesday, June 21. The stock of Cirrus Logic, Inc. (NASDAQ:CRUS) earned “Overweight” rating by Pacific Crest on Friday, January 8. Stifel Nicolaus maintained the stock with “Buy” rating in Friday, January 8 report. The company was maintained on Thursday, September 8 by Stifel Nicolaus.

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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