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Palo Alto Networks, Keysight fall; Garmin, Toll Brothers rise, Wednesday, 2/21/2024
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Palo Alto Networks aims at cyber security leadership
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Gold Could Be Heading for Record Highs - But How to Play It? (Ad)
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Germany says Europe's largest economy is in 'troubled waters' and cuts its growth forecast
Is Gold Really Boring? (Ad)
Housing data weakens, but Toll Brothers stock is still a buy
Teladoc Health gaps down to support level after weak guidance
S&P 500   4,981.80
DOW   38,612.24
QQQ   425.61
Palo Alto Networks, Keysight fall; Garmin, Toll Brothers rise, Wednesday, 2/21/2024
Gold Could Be Heading for Record Highs - But How to Play It? (Ad)
Palo Alto Networks aims at cyber security leadership
3 Reasons the Capital One-Discover merger is a big deal
Gold Could Be Heading for Record Highs - But How to Play It? (Ad)
How major US stock indexes fared Wednesday, 2/21/2024
Germany says Europe's largest economy is in 'troubled waters' and cuts its growth forecast
Is Gold Really Boring? (Ad)
Housing data weakens, but Toll Brothers stock is still a buy
Teladoc Health gaps down to support level after weak guidance
S&P 500   4,981.80
DOW   38,612.24
QQQ   425.61
Palo Alto Networks, Keysight fall; Garmin, Toll Brothers rise, Wednesday, 2/21/2024
Gold Could Be Heading for Record Highs - But How to Play It? (Ad)
Palo Alto Networks aims at cyber security leadership
3 Reasons the Capital One-Discover merger is a big deal
Gold Could Be Heading for Record Highs - But How to Play It? (Ad)
How major US stock indexes fared Wednesday, 2/21/2024
Germany says Europe's largest economy is in 'troubled waters' and cuts its growth forecast
Is Gold Really Boring? (Ad)
Housing data weakens, but Toll Brothers stock is still a buy
Teladoc Health gaps down to support level after weak guidance
S&P 500   4,981.80
DOW   38,612.24
QQQ   425.61
Palo Alto Networks, Keysight fall; Garmin, Toll Brothers rise, Wednesday, 2/21/2024
Gold Could Be Heading for Record Highs - But How to Play It? (Ad)
Palo Alto Networks aims at cyber security leadership
3 Reasons the Capital One-Discover merger is a big deal
Gold Could Be Heading for Record Highs - But How to Play It? (Ad)
How major US stock indexes fared Wednesday, 2/21/2024
Germany says Europe's largest economy is in 'troubled waters' and cuts its growth forecast
Is Gold Really Boring? (Ad)
Housing data weakens, but Toll Brothers stock is still a buy
Teladoc Health gaps down to support level after weak guidance
NASDAQ:CRUS

Cirrus Logic (CRUS) Stock Price, News & Analysis

$90.37
+0.39 (+0.43%)
(As of 02/21/2024 ET)
Today's Range
$89.36
$90.69
50-Day Range
$76.70
$93.24
52-Week Range
$65.02
$111.15
Volume
431,146 shs
Average Volume
591,878 shs
Market Capitalization
$4.87 billion
P/E Ratio
28.69
Dividend Yield
N/A
Price Target
$96.43

Cirrus Logic MarketRank™ Stock Analysis

Analyst Rating
Buy
3.00 Rating Score
Upside/​Downside
6.7% Upside
$96.43 Price Target
Short Interest
Healthy
1.29% of Float Sold Short
Dividend Strength
N/A
Sustainability
-1.54
Upright™ Environmental Score
News Sentiment
1.24mentions of Cirrus Logic in the last 14 days
Based on 5 Articles This Week
Insider Trading
Selling Shares
$400,500 Sold Last Quarter
Proj. Earnings Growth
3.89%
From $4.63 to $4.81 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.

4.03 out of 5 stars

Computer And Technology Sector

170th out of 579 stocks

Semiconductors & Related Devices Industry

28th out of 88 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

MarketBeat Week in Review – 2/5 - 2/9 (CRUS)
The markets continue to rise as investors come to grips with higher interest rates, but next week's inflation data may cool down the bullish momentum
Cirrus Logic: A chip stock you're going to hear a lot more about (CRUS)
With the semiconductor industry as a whole bouncing back from a tough couple of years, there's a lot of upward momentum to get excited about.
Is Gold Really Boring?
Many investors perceive gold as a "boring" investment. But according to MoneyWeek, that's a good thing. Gold helps investors sleep soundly as it preserves wealth and creates a hedge against inflation. Today, there's a unique way to invest in gold, with real advantages over coins and mining stocks.
Cirrus Logic: A chip stock you're going to hear a lot more about
With the semiconductor industry as a whole bouncing back from a tough couple of years, there's a lot of upward momentum to get excited about.
Celebrating Cirrus Logic's Blow Out Quarter
Is Gold Really Boring?
Many investors perceive gold as a "boring" investment. But according to MoneyWeek, that's a good thing. Gold helps investors sleep soundly as it preserves wealth and creates a hedge against inflation. Today, there's a unique way to invest in gold, with real advantages over coins and mining stocks.
Cirrus Logic, Inc. (NASDAQ:CRUS) VP Sells $305,500.00 in Stock
Cirrus Logic: Strong Performance and Growth Potential Affirm Buy Rating
Q3 2024 Cirrus Logic Inc Earnings Call
Recap: Cirrus Logic Q3 Earnings
Cirrus Logic Inc (CRUS) Posts Record Revenue in Q3 FY24
See More Headlines
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Company Calendar

Last Earnings
2/02/2023
Today
2/22/2024
Fiscal Year End
3/31/2024
Next Earnings (Estimated)
5/02/2024

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
+6.7%
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
$8.25 per share
Book Value
$33.39 per share

Miscellaneous

Free Float
53,455,000
Market Cap
$4.87 billion
Optionable
Optionable
Beta
0.98

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CRUS Stock Analysis - Frequently Asked Questions

Should I buy or sell Cirrus Logic stock right now?

6 Wall Street equities research analysts have issued "buy," "hold," and "sell" ratings for Cirrus Logic in the last twelve months. There are currently 6 buy ratings for the stock. The consensus among Wall Street equities research 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 brokers have issued 1-year price targets for Cirrus Logic's stock. Their CRUS share price targets range from $80.00 to $100.00. On average, they predict the company's stock price to reach $96.43 in the next year. This suggests a possible upside of 6.7% 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 stock has increased by 8.6% and is now trading at $90.37.
View the best growth stocks for 2024 here
.

Are investors shorting Cirrus Logic?

Cirrus Logic saw a decline in short interest in the month of January. As of January 31st, there was short interest totaling 692,500 shares, a decline of 8.8% from the January 15th total of 759,100 shares. Based on an average daily volume of 425,900 shares, the short-interest ratio is currently 1.6 days. Approximately 1.3% of the company's shares are short sold.
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, May 2nd 2024.
View our CRUS earnings forecast
.

How were Cirrus Logic's earnings last quarter?

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

How will Cirrus Logic's stock buyback program work?

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

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

Cirrus Logic issued an update on its fourth quarter 2024 earnings guidance on Tuesday, February, 6th. The company provided earnings per share (EPS) guidance of for the period. The company issued revenue guidance of $290.0 million-$350.0 million, compared to the consensus revenue estimate of $331.9 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 institutional and retail investors. Top institutional shareholders include Vanguard Group Inc. (11.56%), Mackenzie Financial Corp (4.61%), Dimensional Fund Advisors LP (2.50%), LSV Asset Management (2.41%), Balyasny Asset Management L.P. (1.31%) and Sei Investments Co. (1.21%). 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.
Read More
This page (NASDAQ:CRUS) was last updated on 2/22/2024 by MarketBeat.com Staff