NASDAQ:CRUS

Cirrus Logic (CRUS) Stock Price, News & Analysis

$100.10
+8.97 (+9.84%)
(As of 03:04 PM ET)
Today's Range
$97.77
$103.30
50-Day Range
$82.02
$94.26
52-Week Range
$65.02
$103.30
Volume
1.12 million shs
Average Volume
421,614 shs
Market Capitalization
$5.40 billion
P/E Ratio
31.78
Dividend Yield
N/A
Price Target
$96.43

Cirrus Logic MarketRank™ Stock Analysis

Analyst Rating
Buy
3.00 Rating Score
Upside/​Downside
4.0% Upside
$102.86 Price Target
Short Interest
Healthy
1.46% of Float Sold Short
Dividend Strength
N/A
Sustainability
-1.54
Upright™ Environmental Score
News Sentiment
0.66mentions of Cirrus Logic in the last 14 days
Based on 22 Articles This Week
Insider Trading
Selling Shares
$700,292 Sold Last Quarter
Proj. Earnings Growth
-0.42%
From $4.79 to $4.77 Per Share

Overall MarketRank

New Rank-Based ScoringMarketRank is calculated by averaging available category scores (with extra weight given to analysis and valuation), then ranking the company's weighted average against that of other companies.

3.06 out of 5 stars

Computer And Technology Sector

282nd out of 592 stocks

Semiconductors & Related Devices Industry

46th out of 89 stocks

CRUS stock logo

About Cirrus Logic Stock (NASDAQ:CRUS)

Cirrus Logic, Inc., a fabless semiconductor company, develops low-power, high-precision mixed-signal processing solutions in China, the United States, and internationally. The company offers audio products, including codecs components that integrate analog-to-digital converters (ADCs) and digital-to-analog converters (DACs) into a single integrated circuit (IC); smart codecs, a codec with digital signal processing; boosted amplifiers; standalone digital signal processors; and SoundClear technology, which consists of a portfolio of tools, software, and algorithms that helps to enhance user experience with features, such as louder, high-fidelity sound, audio playback, voice capture, and hearing augmentation. Its audio products are used in smartphones, tablets, laptops, AR/VR headsets, home theater systems, automotive entertainment systems, and professional audio systems. It also provides high-performance mixed-signal products comprising camera controllers, haptic and sensing solutions, and battery and power ICs for use in legacy industrial and energy applications, such as digital utility meters, power supplies, energy control, energy measurement, and energy exploration. The company markets and sells its products through direct sales force, external sales representatives, and distributors. Cirrus Logic, Inc. was incorporated in 1984 and is headquartered in Austin, Texas.

CRUS Stock Price History

CRUS Stock News Headlines

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Cirrus Logic Q4 2024 Earnings Preview
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Cirrus Logic, Inc. (NASDAQ:CRUS) Short Interest Update
Cirrus Logic Inc CRUS
3 Chip Stock Buys for Outsized Returns
See More Headlines
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Company Calendar

Last Earnings
2/02/2023
Today
5/08/2024
Fiscal Year End
3/31/2025

Industry, Sector and Symbol

Industry
Semiconductors & related devices
Sub-Industry
Semiconductors
Current Symbol
NASDAQ:CRUS
CUSIP
17275510
Employees
1,702
Year Founded
1984

Price Target and Rating

Average Stock Price Target
$96.43
High Stock Price Target
$100.00
Low Stock Price Target
$80.00
Potential Upside/Downside
+5.8%
Consensus Rating
Buy
Rating Score (0-4)
3.00
Research Coverage
6 Analysts

Profitability

Net Income
$176.70 million
Pretax Margin
13.73%

Debt

Sales & Book Value

Annual Sales
$1.90 billion
Cash Flow
$8.49 per share
Book Value
$30.01 per share

Miscellaneous

Free Float
53,420,000
Market Cap
$4.91 billion
Optionable
Optionable
Beta
0.99

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CRUS Stock Analysis - Frequently Asked Questions

Should I buy or sell Cirrus Logic stock right now?

6 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Cirrus Logic in the last year. There are currently 6 buy ratings for the stock. The consensus among Wall Street analysts is that investors should "buy" CRUS shares.
View CRUS analyst ratings
or view top-rated stocks.

What is Cirrus Logic's stock price target for 2024?

6 Wall Street analysts have issued twelve-month price targets for Cirrus Logic's shares. Their CRUS share price targets range from $80.00 to $120.00. On average, they anticipate the company's share price to reach $102.86 in the next year. This suggests a possible upside of 4.0% from the stock's current price.
View analysts price targets for CRUS
or view top-rated stocks among Wall Street analysts.

How have CRUS shares performed in 2024?

Cirrus Logic's stock was trading at $83.19 on January 1st, 2024. Since then, CRUS shares have increased by 18.9% and is now trading at $98.94.
View the best growth stocks for 2024 here
.

Are investors shorting Cirrus Logic?

Cirrus Logic saw a increase in short interest in April. As of April 15th, there was short interest totaling 785,800 shares, an increase of 9.4% from the March 31st total of 718,100 shares. Based on an average trading volume of 434,600 shares, the short-interest ratio is presently 1.8 days. Currently, 1.5% of the shares of the company are sold short.
View Cirrus Logic's Short Interest
.

When is Cirrus Logic's next earnings date?

The company is scheduled to release its next quarterly earnings announcement on Thursday, August 1st 2024.
View our CRUS earnings forecast
.

How were Cirrus Logic's earnings last quarter?

Cirrus Logic, Inc. (NASDAQ:CRUS) posted its earnings results on Thursday, February, 2nd. The semiconductor company reported $2.40 earnings per share for the quarter, beating analysts' consensus estimates of $1.99 by $0.41. The semiconductor company earned $590.58 million during the quarter, compared to the consensus estimate of $543.55 million. Cirrus Logic had a net margin of 9.84% and a trailing twelve-month return on equity of 16.13%. Cirrus Logic's quarterly revenue was up 7.7% on a year-over-year basis. During the same period last year, the firm earned $2.28 earnings per share.

How will Cirrus Logic's stock buyback program work?

Cirrus Logic declared that its Board of Directors has initiated a stock repurchase program on Tuesday, August 2nd 2022, which allows the company to repurchase $500,000,000.00 in outstanding shares, according to EventVestor. This repurchase authorization allows the company to purchase up to 10.7% of its shares through open market purchases. Shares repurchase programs are generally a sign that the company's board believes its shares are undervalued.

What guidance has Cirrus Logic issued on next quarter's earnings?

Cirrus Logic updated its first quarter 2025 earnings guidance on Wednesday, May, 8th. The company provided earnings per share guidance of for the period. The company issued revenue guidance of $290.0 million-$350.0 million, compared to the consensus revenue estimate of $302.7 million.

What is John Forsyth's approval rating as Cirrus Logic's CEO?

25 employees have rated Cirrus Logic Chief Executive Officer John Forsyth on Glassdoor.com. John Forsyth has an approval rating of 92% among the company's employees. This puts John Forsyth in the top 30% of approval ratings compared to other CEOs of publicly-traded companies. 85.0% of employees surveyed would recommend working at Cirrus Logic to a friend.

What other stocks do shareholders of Cirrus Logic own?

Based on aggregate information from My MarketBeat watchlists, some companies that other Cirrus Logic investors own include Hawkins (HWKN), NVIDIA (NVDA), Micron Technology (MU), Intel (INTC), QUALCOMM (QCOM), Netflix (NFLX), Walt Disney (DIS), Skyworks Solutions (SWKS), Advanced Micro Devices (AMD) and Cisco Systems (CSCO).

Who are Cirrus Logic's major shareholders?

Cirrus Logic's stock is owned by a variety of retail and institutional investors. Top institutional shareholders include LSV Asset Management (2.61%), Sei Investments Co. (1.29%), Principal Financial Group Inc. (0.38%), Assenagon Asset Management S.A. (0.30%), Russell Investments Group Ltd. (0.28%) and Swiss National Bank (0.20%). Insiders that own company stock include Alan R Schuele, Alan R Schuele, Alexander M Davern, Allan Hughes, Andrew Brannan, Carl Jackson Alberty, Jeffrey W Baumgartner, Jodee Benson, John Forsyth, Justin E Dougherty, Scott Arnold Anderson, Scott Thomas, Thurman K Case, Timothy R Dehne and Venkatesh Nathamuni.
View institutional ownership trends
.

How do I buy shares of Cirrus Logic?

Shares of CRUS stock can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include Charles Schwab, E*TRADE, Fidelity, and Vanguard Brokerage Services.
Compare Top Brokerages Here.

Does Cirrus Logic have any subsidiaries?
The following companies are subsidiares of Cirrus Logic: Acoustic Technologies Inc, Acumos Incorporated, Apex Microtechnology, AudioLogic Inc., Caretta Integrated Circuits Inc, Cirrus Logic International (UK) Ltd., Cirrus Logic International Holdings Ltd., Cirrus Logic International Semiconductor Ltd., Cirrus Logic UK International Holding Co. Ltd., Crystal Semiconductor, Data Systems Technology Inc, LuxSonor Semiconductors Inc, Pacific Communication Sciences Inc, PicoPower Technology Inc, Pixel Semiconductor, R. Scott Associates Inc, ShareWave Inc, Stream Machine Company, and Wolfson Microelectronics.
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This page (NASDAQ:CRUS) was last updated on 5/8/2024 by MarketBeat.com Staff

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