CRUS stock: buy or sell?
September 20th, 2019
Cirrus Logic, Inc., a fabless semiconductor company, develops, manufactures, and markets analog and mixed-signal integrated circuits (ICs) for a range of consumer and industrial markets.
Should I buy CRUS stock?You can't be a successful trader if you don't follow a methodolgy or system that assist you in choosing companies and the correct market timing. Following a trading plan helps to make decisions easier, quicker and with less hesitations. At Stocks2.com, we use very simple but trusted and powerful trend following trading strategies. Simple things usually work the best.
None of our preferred buy setups matches with Cirrus Logic stock situation right now, hence this is not a suitable entry point.
|New all-time high||No|
|New 52 week high||No|
|Price crossing up 200d MA||No|
|100d MA crossing up 200d MA||No|
Is Cirrus Logic stock a buy?
Financial institutions and banks post stock ratings everyday.At Stocks2.com, we detected 9 ratings published for CRUS stock in the last month.
|Date||Analyst / Broker||Previous rating||Current rating|
|2019-8-5||Needham & Company LLC||n/a||Hold|
|2019-8-1||Dougherty & Co||Buy||Buy|
|2019-8-1||Cowen||Market Perform||Market Perform|
|2019-8-1||Cowen||Market Perform||Market Perform|
|2019-8-1||Bank of America||Underperform||Underperform|
CRUS stock analysis
Cirrus Logic shares depreciated -0.87% to $54.46 today.
Cirrus Logic ended today at $54.46 and depreciated a lame -0.87%. Since price and SMA200d lines crossed up on June, CRUS climbed $16.47 (43.35%). CRUS is retaking the upward trend marking a new rising bottom heading to break out over $56.65. On May, SMA100d and SMA200d crossed up triggering a rise of 8.88%.
Cirrus Logic shares depreciated -2.02% this week, ending at $54.46. Late July CRUS climbed a dazzling 11.82% in just one week.
Having descending tops is not good news for the long side. Although it's only a warning signal, eyes should be on alert during next weeks to identify possible new signals. Loosing its previous bottom at would confirm the downtrend path. Since price and SMA40w lines crossed up early June, CRUS climbed $17.09 (45.73%). Since SMA20d and SMA40w crossed up late April, CRUS price climbed $7.38 per share (15.68%).
CRUS stock price history
CRUS IPO was on June 9th, 1989 at $6.31 per share1. Since then, CRUS stock surged a 763.10%, with an average of 25.40% per year. If you had invested right after CRUS's IPO a $1,000 in CRUS stock in 1989, it would worth $7,631.00 today.
1: Adjusted price after possible price splits or reverse-splits.
CRUS stock historical price chart
CRUS stock reached 52-week highs on August at $60.00, and all-time highs 2017-06-09 with a price of 71.97.
CRUS stock price target is $52.00Predicting the price evolution of a stock or any financial instrument in a reliable and repeatable way is probably impossible. However, financial institutions invest time and resources to provide the most accurated estimations to help investors to make their decisions. You should not follow the analysts' CRUS stock price predictions in the hope that they will be met as they may be wrong and not met. For the last month we found 8 price predictions for CRUS stock:
|Date||Analyst / Broker||Action||Previous target||Current target||Diff|
|2019-8-1||Stifel Nicolaus||Raises Target||$53.00||$54.00||1.9%|
|2019-8-1||Dougherty & Co||Raises Target||$53.00||$62.00||17%|
|2019-8-1||Craig Hallum||Raises Target||$38.00||$42.00||10.5%|
|2019-8-1||Bank of America||Raises Target||$40.00||$46.00||15%|
Financials and fundamental analysis
Earnings date and Earnings per ShareAfter presenting its last earnings report on April, Cirrus Logic . Unfortunately, reported EPS is not yet available in our database.
|Quarter||Reporting date||Estimated EPS||Actual EPS||Surprise|
Annual financial resultsIn 2019, Cirrus Logic annual revenues collapsed a chilling -22.63% to $1,185.52 million USD from $1,532.19 marked in 2018. However, its earnings margin (compared to sales) slightly fell to 7.59%, that is $89.99 million.
|2013||$810 M||-||$137 M16.9%||-|
|2014||$714 M||-11.79%||$108 M15.1%||-20.86%|
|2015||$917 M||28.31%||$55 M6.0%||-48.96%|
|2016||$1,169 M||27.57%||$124 M10.6%||124.06%|
|2017||$1,539 M||31.62%||$261 M17.0%||111.28%|
|2018||$1,532 M||-0.44%||$162 M10.6%||-37.98%|
|2019||$1,186 M||-22.63%||$90 M7.6%||-44.45%|
Quarterly financial resultsCirrus Logic posted $240.44 M in sales for 2019-Q1, a -25.86% decline compared to previous quarter. Reported quarter income marked $6.16 million with a profit margin of 2.56%. Profit margin fell a -6.67% compared to previous quarter when profit margin was 9.23%. When comparing sales to same quarter last year, Cirrus Logic sales marked a scary loss and plunged a -20.69%. Looking back to recent quarterly results, Cirrus Logic posted 2 negative quarters in a row.
|2017-Q2||$321 M||-||$43 M13.4%||-|
|2017-Q3||$426 M||32.67%||$73 M17.2%||70.82%|
|2017-Q4||$483 M||13.44%||$34 M7.0%||-53.92%|
|2018-Q1||$303 M||-37.20%||$12 M4.0%||-64.46%|
|2018-Q2||$254 M||-16.06%||$-4 M-1.7%||-135.59%|
|2018-Q3||$366 M||43.94%||$58 M15.9%||-1,461.73%|
|2018-Q4||$324 M||-11.47%||$30 M9.2%||-48.54%|
|2019-Q1||$240 M||-25.86%||$6 M2.6%||-79.43%|
Cirrus Logic ownershipWhen you are planning to buy a company, it's always worth to check its ownership structure.
Management staff in all public traded companies that hold equity is required to report every transaction to the SEC. For Cirrus Logic, 0.97% of all outstanding shares are owned by its staff.
Bearish positions for CRUS stock account 0.00%, no big difference from last month.
For a better context understanding, the following table shows ownership data compared to other related stocks:
|Market cap||$3.2 B||$42.6 B||$15.9 B||$30.2 B||$7.9 B|
|Total shares||58.1 M||369.4 M||271.3 M||278.8 M||410.5 M|
|Float shares||57.7 M||367.9 M||269.2 M||277.7 M||402.6 M|
|- Institutional holdings (%)||91.7%||92.5%||100.0%||82.2%||98.3%|
|- Insider holdings (%)||1.0%||0.3%||0.7%||0.2%||1.3%|
|Shares in short selling||0.0%||0.0%||0.0%||0.0%||0.0%|
|Friday, September 20th, 2019|
|Day range||$53.37 - $54.96|
|Average true range||$1.41|
|50d mov avg||$51.94|
|100d mov avg||$47.36|
|200d mov avg||$43.37|
Cirrus Logic performancePerformance as an absolute value is never valid if it's not benchmarked against competitors or related stocks in the industry. In the following table, we compare Cirrus Logic performance to Analog Devices, Maxim Integrated Products, NXP Semiconductors, ON Semiconductor, QUALCOMM, STMicroelectronics and Texas Instruments:
|MXIMMaxim Integrated ...||1.04%||9.84%||1.72%|