Cirrus Logic (CRUS) Stock Forecast, Price & News

10 Wall Street 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 8 buy ratings for the stock. The consensus among Wall Street analysts is that investors should "buy" CRUS shares.
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10 brokers have issued 12 month target prices for Cirrus Logic's stock. Their CRUS share price forecasts range from $80.00 to $110.00. On average, they anticipate the company's share price to reach $100.00 in the next twelve months. This suggests a possible upside of 30.2% 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 shares have increased by 3.1% and is now trading at $76.78.
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Cirrus Logic saw a drop in short interest during the month of May. As of May 15th, there was short interest totaling 1,330,000 shares, a drop of 7.0% from the April 30th total of 1,430,000 shares. Based on an average daily trading volume, of 577,900 shares, the days-to-cover ratio is presently 2.3 days. Currently, 2.4% of the company's shares are short sold.
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The company is scheduled to release its next quarterly earnings announcement on Tuesday, August 1st 2023.
View our CRUS earnings forecast.

Cirrus Logic, Inc. (NASDAQ:CRUS) released its quarterly earnings data on Thursday, February, 2nd. The semiconductor company reported $2.40 earnings per share (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 trailing twelve-month return on equity of 18.07% and a net margin of 9.31%. Cirrus Logic's quarterly revenue was up 7.7% compared to the same quarter last year. During the same period last year, the firm posted $2.28 EPS.

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

Cirrus Logic announced that its board has authorized a stock buyback plan 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 reacquire up to 10.7% of its stock through open market purchases. Stock buyback plans are typically a sign that the company's board of directors believes its stock is undervalued.

Cirrus Logic updated its first quarter 2024 earnings guidance on Thursday, May, 4th. The company provided EPS guidance of for the period. The company issued revenue guidance of $260.00 million-$320.00 million, compared to the consensus revenue estimate of $326.35 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 variety of institutional and retail investors. Top institutional investors include FMR LLC (15.00%), BlackRock Inc. (9.58%), Mackenzie Financial Corp (4.44%), State Street Corp (3.56%), Wellington Management Group LLP (3.13%) and Dimensional Fund Advisors LP (2.55%). 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.
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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.
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One share of CRUS stock can currently be purchased for approximately $76.78.

Cirrus Logic (NASDAQ:CRUS) has a market capitalization of $4.21 billion and generates $1.90 billion in revenue each year. The semiconductor company earns $176.70 million in net income (profit) each year or $3.07 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.