Cirrus Logic (CRUS) Stock Forecast, Price & News

9 Wall Street equities research analysts have issued "buy," "hold," and "sell" ratings for Cirrus Logic in the last year. There are currently 1 hold rating and 8 buy ratings for the stock. The consensus among Wall Street equities research analysts is that investors should "moderate buy" CRUS shares.
View CRUS analyst ratings or view top-rated stocks.

9 analysts have issued twelve-month price targets for Cirrus Logic's shares. Their CRUS share price forecasts range from $80.00 to $110.00. On average, they expect the company's share price to reach $99.00 in the next year. This suggests a possible upside of 37.9% from the stock's current price.
View analysts price targets for CRUS or view top-rated stocks among Wall Street analysts.

Cirrus Logic's stock was trading at $74.48 at the start of the year. Since then, CRUS stock has decreased by 3.6% and is now trading at $71.80.
View the best growth stocks for 2023 here.

The company is scheduled to release its next quarterly earnings announcement on Tuesday, November 7th 2023.
View our CRUS earnings forecast.

Cirrus Logic, Inc. (NASDAQ:CRUS) posted its earnings results on Thursday, August, 3rd. The semiconductor company reported $0.35 earnings per share for the quarter, beating analysts' consensus estimates of $0.12 by $0.23. The semiconductor company earned $317.02 million during the quarter, compared to analysts' expectations of $290.58 million. Cirrus Logic had a trailing twelve-month return on equity of 16.18% and a net margin of 8.38%.

ETFs with the largest weight of Cirrus Logic (NASDAQ:CRUS) stock in their portfolio include SPDR S&P Semiconductor ETF (XSD), Invesco Semiconductors ETF (PSI), Fidelity Metaverse ETF (FMET), First Trust Nasdaq Semiconductor ETF (FTXL), Defiance Quantum ETF (QTUM), First Trust Technology AlphaDEX Fund (FXL), Invesco S&P MidCap 400 Pure Growth ETF (RFG) and ProShares Metaverse ETF (VERS).

Cirrus Logic declared that its board has approved a share repurchase program on Tuesday, August 2nd 2022, which authorizes the company to buyback $500,000,000.00 in shares, according to EventVestor. This buyback authorization authorizes the company to repurchase up to 10.7% of its shares through open market purchases. Shares buyback programs are often a sign that the company's management believes its stock is undervalued.

Cirrus Logic issued an update on its second quarter 2024 earnings guidance on Thursday, August, 3rd. The company provided EPS guidance of for the period. The company issued revenue guidance of $430.00 million-$490.00 million, compared to the consensus revenue estimate of $437.20 million.

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.

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).

Cirrus Logic trades on the NASDAQ under the ticker symbol "CRUS."

Cirrus Logic's stock is owned by a number of retail and institutional investors. Top institutional investors include BlackRock Inc. (9.22%), Mackenzie Financial Corp (4.49%), State Street Corp (3.85%), Dimensional Fund Advisors LP (2.56%), LSV Asset Management (2.37%) and Earnest Partners LLC (1.86%). Insiders that own company stock include Alan R Schuele, Alan R Schuele, Alexander M Davern, Allan Hughes, Andrew Brannan, Carl Jackson Alberty, Jason P Rhode, Jeffrey W Baumgartner, Jodee Benson, John C Carter, John Forsyth, Justin E Dougherty, Scott Arnold Anderson, Scott Thomas, Thurman K Case and Timothy R Dehne.
View institutional ownership trends.

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

One share of CRUS stock can currently be purchased for approximately $71.80.

Cirrus Logic (NASDAQ:CRUS) has a market capitalization of $3.93 billion and generates $1.90 billion in revenue each year. The semiconductor company earns $176.70 million in net income (profit) each year or $2.66 on an earnings per share basis.

The company employs 1,702 workers across the globe.

Cirrus Logic's mailing address is 800 WEST 6TH STREET, AUSTIN TX, 78701. The official website for the company is www.cirrus.com. The semiconductor company can be reached via phone at (512) 851-4000, via email at investor.relations@cirrus.com, or via fax at 800-888-5016.