NASDAQ:CRUS

Cirrus Logic (CRUS) Stock Price, News & Analysis

$86.29
+2.04 (+2.42%)
(As of 04/24/2024 ET)
Today's Range
$85.40
$87.18
50-Day Range
$82.02
$94.26
52-Week Range
$65.02
$95.87
Volume
429,495 shs
Average Volume
416,146 shs
Market Capitalization
$4.65 billion
P/E Ratio
27.39
Dividend Yield
N/A
Price Target
$96.43

Cirrus Logic MarketRank™ Stock Analysis

Analyst Rating
Buy
3.00 Rating Score
Upside/​Downside
11.7% Upside
$96.43 Price Target
Short Interest
Healthy
1.34% of Float Sold Short
Dividend Strength
N/A
Sustainability
-1.54
Upright™ Environmental Score
News Sentiment
0.38mentions of Cirrus Logic in the last 14 days
Based on 6 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.

3.82 out of 5 stars

Computer And Technology Sector

214th out of 581 stocks

Semiconductors & Related Devices Industry

35th out of 84 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

StockNews.com Downgrades Cirrus Logic (NASDAQ:CRUS) to Buy
How to camouflage a factory of 53,000 workers
"If I Had To Pour Every Single Penny of My Retirement Into Just ONE STOCK..." The former Goldman Sachs VP – who called everything from Microsoft's 1,100% surge... to the death of the 60/40 portfolio – is now stepping forward with his most explicit message yet: "Make this ONE STOCK the cornerstone of your portfolio."
Cirrus Logic Inc CRUS
How to camouflage a factory of 53,000 workers
"If I Had To Pour Every Single Penny of My Retirement Into Just ONE STOCK..." The former Goldman Sachs VP – who called everything from Microsoft's 1,100% surge... to the death of the 60/40 portfolio – is now stepping forward with his most explicit message yet: "Make this ONE STOCK the cornerstone of your portfolio."
3 Chip Stock Buys for Outsized Returns
4 Chip Stocks Skyrocketing to Watch
Cirrus Logic, Inc.
3 Chip Stocks Sparking Investor Interest
Cirrus Logic Inc.
Cirrus Logic to Present at Upcoming Conference
Celebrating Cirrus Logic's Blow Out Quarter
See More Headlines
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Company Calendar

Last Earnings
2/06/2024
Today
4/24/2024
Next Earnings (Confirmed)
5/07/2024
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
+11.7%
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
$8.42 per share
Book Value
$30.01 per share

Miscellaneous

Free Float
53,420,000
Market Cap
$4.65 billion
Optionable
Optionable
Beta
1.00

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CRUS Stock Analysis - Frequently Asked Questions

Should I buy or sell Cirrus Logic stock right now?

6 Wall Street 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 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 12-month target prices for Cirrus Logic's stock. Their CRUS share price targets range from $80.00 to $100.00. On average, they anticipate the company's share price to reach $96.43 in the next year. This suggests a possible upside of 11.7% 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 at the start of the year. Since then, CRUS stock has increased by 3.7% and is now trading at $86.29.
View the best growth stocks for 2024 here
.

Are investors shorting Cirrus Logic?

Cirrus Logic saw a drop in short interest in the month of March. As of March 31st, there was short interest totaling 718,100 shares, a drop of 12.1% from the March 15th total of 816,500 shares. Based on an average daily trading volume, of 433,900 shares, the short-interest ratio is presently 1.7 days. Currently, 1.3% of the company's stock 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 Tuesday, May 7th 2024.
View our CRUS earnings forecast
.

How can I listen to Cirrus Logic's earnings call?

Cirrus Logic will be holding an earnings conference call on Tuesday, May 7th at 5:00 PM Eastern. Interested parties can register for or listen to the call using this link or dial in at 609-800-9909 with passcode "95424".

How were Cirrus Logic's earnings last quarter?

Cirrus Logic, Inc. (NASDAQ:CRUS) released its quarterly earnings data on Tuesday, February, 6th. The semiconductor company reported $2.53 earnings per share for the quarter, beating analysts' consensus estimates of $1.70 by $0.83. The semiconductor company earned $618.98 million during the quarter, compared to analyst estimates of $539.55 million. Cirrus Logic had a trailing twelve-month return on equity of 16.13% and a net margin of 9.84%.

How will Cirrus Logic's stock buyback program work?

Cirrus Logic announced that its Board of Directors has approved a share repurchase plan on Tuesday, August 2nd 2022, which permits the company to buyback $500,000,000.00 in outstanding shares, according to EventVestor. This buyback authorization permits the company to buy up to 10.7% of its shares through open market purchases. Shares buyback plans are often an indication that the company's leadership believes its shares are undervalued.

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

Cirrus Logic updated its fourth quarter 2024 earnings guidance on Tuesday, February, 6th. The company provided 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 many different retail and institutional investors. Top institutional shareholders include Assenagon Asset Management S.A. (0.30%), Los Angeles Capital Management LLC (0.15%), Allspring Global Investments Holdings LLC (0.08%), Amalgamated Bank (0.07%), Fifth Third Bancorp (0.05%) and Cardinal Capital Management (0.04%). 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 4/24/2024 by MarketBeat.com Staff

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