Cirrus Logic Stock Forecast, Price & News

11 Wall Street research analysts have issued "buy," "hold," and "sell" ratings for Cirrus Logic in the last year. There are currently 1 sell rating, 1 hold rating and 9 buy ratings for the stock. The consensus among Wall Street research analysts is that investors should "moderate buy" Cirrus Logic stock.
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11 Wall Street analysts have issued 12 month target prices for Cirrus Logic's shares. Their CRUS stock forecasts range from $85.79 to $120.00. On average, they anticipate Cirrus Logic's share price to reach $106.08 in the next year. This suggests a possible upside of 46.0% from the stock's current price.
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Cirrus Logic's stock was trading at $92.02 on January 1st, 2022. Since then, CRUS stock has decreased by 21.1% and is now trading at $72.64.
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Cirrus Logic is scheduled to release its next quarterly earnings announcement on Wednesday, July 27th 2022.
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Cirrus Logic, Inc. (NASDAQ:CRUS) announced its quarterly earnings results on Tuesday, May, 3rd. The semiconductor company reported $1.78 EPS for the quarter, topping analysts' consensus estimates of $1.18 by $0.60. The semiconductor company had revenue of $498.97 million for the quarter, compared to the consensus estimate of $420.19 million. Cirrus Logic had a trailing twelve-month return on equity of 23.52% and a net margin of 18.32%. The business's revenue for the quarter was up 70.0% compared to the same quarter last year. During the same period in the prior year, the business earned $0.47 EPS.
View Cirrus Logic's earnings history.

Cirrus Logic announced that its Board of Directors has approved a stock buyback plan on Monday, February 1st 2021, which authorizes the company to repurchase $350,000,000.00 in outstanding shares, according to EventVestor. This repurchase authorization authorizes the company to repurchase up to 6.2% of its shares through open market purchases. Shares repurchase plans are usually an indication that the company's board believes its stock is undervalued.

Cirrus Logic issued an update on its first quarter 2023 earnings guidance on Monday, May, 9th. The company provided earnings per share guidance of for the period. The company issued revenue guidance of $350.00 million-$390.00 million, compared to the consensus revenue estimate of $299.98 million.

117 employees have rated Cirrus Logic CEO Jason P. Rhode on Glassdoor.com. Jason P. Rhode has an approval rating of 92% among Cirrus Logic's employees. This puts Jason P. Rhode in the top 30% of approval ratings compared to other CEOs of publicly-traded companies.

Some companies that are related to Cirrus Logic include NVIDIA (NVDA), Broadcom (AVGO), Intel (INTC), Texas Instruments (TXN), Analog Devices (ADI), Micron Technology (MU), Marvell Technology (MRVL), Microchip Technology (MCHP), Monolithic Power Systems (MPWR), Skyworks Solutions (SWKS), First Solar (FSLR), Lattice Semiconductor (LSCC), Silicon Laboratories (SLAB), Altair Engineering (ALTR) and Power Integrations (POWI).
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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 Vanguard Group Inc. (10.37%), BlackRock Inc. (10.05%), Mackenzie Financial Corp (4.48%), State Street Corp (3.47%), Wellington Management Group LLP (3.44%) and Dimensional Fund Advisors LP (2.50%). Company insiders that own Cirrus Logic stock include Alan R Schuele, Alan R Schuele, Alexander M Davern, Allan Hughes, Andrew Brannan, Bradley J Fluke, 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 for Cirrus Logic.

CRUS stock was sold by a variety of institutional investors in the last quarter, including Panagora Asset Management Inc., Acadian Asset Management LLC, Prudential Financial Inc., BlackRock Inc., Assenagon Asset Management S.A., Lazard Asset Management LLC, Woodline Partners LP, and PEAK6 Investments LLC. Company insiders that have sold Cirrus Logic company stock in the last two years include 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 Thomas, Thurman K Case, and Timothy R Dehne.
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CRUS stock was purchased by a variety of institutional investors in the last quarter, including Wellington Management Group LLP, Mackenzie Financial Corp, Vanguard Group Inc., LSV Asset Management, Renaissance Technologies LLC, State Street Corp, Jane Street Group LLC, and Fuller & Thaler Asset Management Inc..
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Shares of CRUS 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.
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One share of CRUS stock can currently be purchased for approximately $72.64.

Cirrus Logic (NASDAQ:CRUS) has a market capitalization of $4.06 billion and generates $1.78 billion in revenue each year. The semiconductor company earns $326.36 million in net income (profit) each year or $5.519990 on an earnings per share basis.

Cirrus Logic employs 1,591 workers across the globe.

Cirrus Logic was founded in 1984.

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