CRUS stock: buy or sell?

CRUS stock price: $54.46 -0.87% At close on September 20th, 2019

Updated on:
September 20th, 2019

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Cirrus Logic depreciated a lame -0.87% and closed at $54.46.

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.

Buy setupElegible
New all-time highNo
New 52 week highNo
Price crossing up 200d MANo
100d MA crossing up 200d MANo
This doesn't mean CRUS will fall in coming sessions, or it will not rise higher. Simply, it doesn't match our recommended trading systems.

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.

Is CRUS a good stock to buy?
DateAnalyst / BrokerPrevious ratingCurrent rating
2019-9-12Benchmarkn/aBuy
2019-8-5Needham & Company LLCn/aHold
2019-8-1Stifel Nicolausn/aBuy
2019-8-1Dougherty & CoBuyBuy
2019-8-1Craig HallumHoldHold
2019-8-1CowenMarket PerformMarket Perform
2019-8-1CowenMarket PerformMarket Perform
2019-8-1Bank of AmericaUnderperformUnderperform
2019-1-31Craig HallumBuyHold

CRUS stock analysis

Daily outlook

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%.

CRUS stock chart (daily)

Weekly outlook

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 chart (weekly)

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 $52.00

Predicting 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:
CRUS stock price predictions
DateAnalyst / BrokerActionPrevious targetCurrent targetDiff
2019-9-12BenchmarkInitiatesn/a$62.00-
2019-8-1Stifel NicolausRaises Target$53.00$54.001.9%
2019-8-1Dougherty & CoRaises Target$53.00$62.0017%
2019-8-1Craig HallumRaises Target$38.00$42.0010.5%
2019-8-1CowenReiterates$48.00$56.0016.7%
2019-8-1CowenRaises Target$48.00$56.0016.7%
2019-8-1Bank of AmericaRaises Target$40.00$46.0015%
2019-1-31Craig HallumDowngrades$44.00$38.00-13.6%
(in average)$46.30$52.0012.0%
Moving in a range from $62.00 and $38.00, the price forecast for CRUS stock is $52.00. In average, analysts' outlook on CRUS price forecast is positive, upgrading the prediction by a 12.00% from previous estimations.

Financials and fundamental analysis

Earnings date and Earnings per Share

After presenting its last earnings report on April, Cirrus Logic . Unfortunately, reported EPS is not yet available in our database.
CRUS earnings date and EPS evolution
QuarterReporting dateEstimated EPSActual EPSSurprise
2017-Q2-n/a0.64n/a
2017-Q32017-11-021.211.3612.4%
2017-Q42018-02-051.781.59-10.7%
2018-Q12018-05-020.440.39-11.4%
2018-Q22018-08-01-0.080.13n/a
2018-Q32018-11-010.580.9156.9%
2018-Q42019-01-300.620.7724.2%
2019-Q12019-04-300.12n/an/a
2019-Q2-n/an/an/a
2019-Q3-n/an/an/a

Annual financial results

In 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.

CRUS annual Sales and Income evolution
YearSalesYoYIncome/(margin)YoY
2013$810 M-$137 M16.9%-
2014$714 M-11.79%$108 M15.1%-20.86%
2015$917 M28.31%$55 M6.0%-48.96%
2016$1,169 M27.57%$124 M10.6%124.06%
2017$1,539 M31.62%$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 results

Cirrus 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.
CRUS quarterly Sales and Income evolution
QuarterSales1QoQ2Income1/(margin)QoQ2
2017-Q2$321 M-$43 M13.4%-
2017-Q3$426 M32.67%$73 M17.2%70.82%
2017-Q4$483 M13.44%$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 M43.94%$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 ownership

When 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:

CRUSADIMXIMNXPION
Market cap$3.2 B$42.6 B$15.9 B$30.2 B$7.9 B
Total shares58.1 M369.4 M271.3 M278.8 M410.5 M
Float shares57.7 M367.9 M269.2 M277.7 M402.6 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 selling0.0%0.0%0.0%0.0%0.0%

CRUS summary

Friday, September 20th, 2019
Open$54.85
Close$54.46
Day range$53.37 - $54.96
Previous close$54.94
Session gain-0.87%
Average true range$1.41
50d mov avg$51.94
100d mov avg$47.36
200d mov avg$43.37
Daily patternlb02a
Weekly pattern lt01a

Cirrus Logic performance

Performance 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:
Stock3m6m12m
CRUSCirrus Logic31.99%30.29%36.77%
ADIAnalog Devices1.97%8.53%24.56%
MXIMMaxim Integrated ...1.04%9.84%1.72%
NXPINXP Semiconductor...10.88%20.25%17.31%
ONON Semiconductor-0.82%-10.72%0.89%
QCOMQUALCOMM5.95%36.84%7.87%
STMSTMicroelectronic...13.88%19.23%3.99%
TXNTexas Instruments13.45%16.94%18.46%

Cirrus Logic competitors

We selected a few stocks to conform a list of Cirrus Logic competitors to watch if you are interested in investing in CRUS: