S&P 500   4,320.06
DOW   33,963.84
QQQ   357.91
High-speed rail was touted as a game-changer in Britain. Costs are making the government think twice
Laser breakthrough could send stock soaring 2,467% (Ad)
After climate summit, California Gov. Gavin Newsom faces key decisions to reduce emissions back home
Tentative deal reached to end the Hollywood writers strike. No deal yet for actors
Disturbing Truth About Biden's New Program To Seize Your Cash (Ad)
The threat of wildfires is rising. So are new artificial intelligence solutions to fight them
Canadian autoworkers ratify new labor agreement with Ford
Disturbing Truth About Biden's New Program To Seize Your Cash (Ad)
Giorgio Armani closes Milan Fashion Week with good vibes and familiar guests in the front row
A coal mine fire in southern China's Guizhou province kills 16 people
S&P 500   4,320.06
DOW   33,963.84
QQQ   357.91
High-speed rail was touted as a game-changer in Britain. Costs are making the government think twice
Laser breakthrough could send stock soaring 2,467% (Ad)
After climate summit, California Gov. Gavin Newsom faces key decisions to reduce emissions back home
Tentative deal reached to end the Hollywood writers strike. No deal yet for actors
Disturbing Truth About Biden's New Program To Seize Your Cash (Ad)
The threat of wildfires is rising. So are new artificial intelligence solutions to fight them
Canadian autoworkers ratify new labor agreement with Ford
Disturbing Truth About Biden's New Program To Seize Your Cash (Ad)
Giorgio Armani closes Milan Fashion Week with good vibes and familiar guests in the front row
A coal mine fire in southern China's Guizhou province kills 16 people
S&P 500   4,320.06
DOW   33,963.84
QQQ   357.91
High-speed rail was touted as a game-changer in Britain. Costs are making the government think twice
Laser breakthrough could send stock soaring 2,467% (Ad)
After climate summit, California Gov. Gavin Newsom faces key decisions to reduce emissions back home
Tentative deal reached to end the Hollywood writers strike. No deal yet for actors
Disturbing Truth About Biden's New Program To Seize Your Cash (Ad)
The threat of wildfires is rising. So are new artificial intelligence solutions to fight them
Canadian autoworkers ratify new labor agreement with Ford
Disturbing Truth About Biden's New Program To Seize Your Cash (Ad)
Giorgio Armani closes Milan Fashion Week with good vibes and familiar guests in the front row
A coal mine fire in southern China's Guizhou province kills 16 people
S&P 500   4,320.06
DOW   33,963.84
QQQ   357.91
High-speed rail was touted as a game-changer in Britain. Costs are making the government think twice
Laser breakthrough could send stock soaring 2,467% (Ad)
After climate summit, California Gov. Gavin Newsom faces key decisions to reduce emissions back home
Tentative deal reached to end the Hollywood writers strike. No deal yet for actors
Disturbing Truth About Biden's New Program To Seize Your Cash (Ad)
The threat of wildfires is rising. So are new artificial intelligence solutions to fight them
Canadian autoworkers ratify new labor agreement with Ford
Disturbing Truth About Biden's New Program To Seize Your Cash (Ad)
Giorgio Armani closes Milan Fashion Week with good vibes and familiar guests in the front row
A coal mine fire in southern China's Guizhou province kills 16 people

Cirrus Logic (CRUS) Stock Forecast, Price & News

$71.80
+0.12 (+0.17%)
(As of 09/22/2023 ET)
Compare
Today's Range
$71.75
$72.63
50-Day Range
$71.68
$85.04
52-Week Range
$61.94
$111.15
Volume
236,485 shs
Average Volume
507,766 shs
Market Capitalization
$3.93 billion
P/E Ratio
26.99
Dividend Yield
N/A
Price Target
$99.00

Cirrus Logic MarketRank™ Forecast

Analyst Rating
Moderate Buy
2.89 Rating Score
Upside/​Downside
37.9% Upside
$99.00 Price Target
Short Interest
Healthy
2.11% of Float Sold Short
Dividend Strength
N/A
Sustainability
-1.54
Upright™ Environmental Score
News Sentiment
0.90mentions of Cirrus Logic in the last 14 days
Based on 5 Articles This Week
Insider Trading
Selling Shares
$76,000 Sold Last Quarter
Proj. Earnings Growth
15.88%
From $4.03 to $4.67 Per Share

Overall MarketRank

MarketRank is calculated as an average of available category scores, with extra weight given to analysis and valuation.

2.87 out of 5 stars

Computer And Technology Sector

60th out of 586 stocks

Semiconductors & Related Devices Industry

17th out of 86 stocks


CRUS stock logo

About Cirrus Logic (NASDAQ:CRUS) Stock

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 Price History

CRUS Stock News Headlines

Cirrus Logic (NASDAQ:CRUS) Lowered to "Hold" at StockNews.com
Laser breakthrough could send stock soaring 2,467%
Laser breakthrough could send stock soaring 2,476% Whenever the military develops a breakthrough technology, timely investors could see groundbreaking returns. General Dynamics returned 8,990%... Boeing soared 4,238%... L3Harris shot up 1,628%...
KeyCorp Reiterates "Overweight" Rating for Cirrus Logic (NASDAQ:CRUS)
WARNING: Mandatory U.S. Dollar Recall is Weeks Away
If you have any U.S. dollars in your bank account… You must see this shocking video exposing the government’s new plan to recall the U.S. dollar. According to Business Insider, this recall “could be imminent.” And if you don’t prepare now, you could end up holding a bunch of worthless U.S. dollars.
Q1 2024 Cirrus Logic Inc Earnings Call
Cirrus Logic Inc. Q1 Profit Decreases, but beats estimates
Thurman Case wins Best CFO Legacy Award
Cirrus Slides on Layoffs
Synergy Investing: Cirrus Logic's Coming Story
Cirrus Logic Cuts 5% of Global Workforce
Cirrus Logic to cut 5% of global workforce
See More Headlines
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CRUS Company Calendar

Last Earnings
8/03/2023
Today
9/24/2023
Next Earnings (Estimated)
11/07/2023
Fiscal Year End
3/31/2024

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 Forecast
$99.00
High Stock Price Forecast
$110.00
Low Stock Price Forecast
$80.00
Forecasted Upside/Downside
+37.9%
Consensus Rating
Moderate Buy
Rating Score (0-4)
2.89
Research Coverage
9 Analysts

Profitability

Net Income
$176.70 million
Pretax Margin
12.21%

Debt

Sales & Book Value

Annual Sales
$1.90 billion
Cash Flow
$8.24 per share
Book Value
$30.01 per share

Miscellaneous

Free Float
54,223,000
Market Cap
$3.93 billion
Optionable
Optionable
Beta
0.94

Social Links

If a company's CEO, COO, and CFO were all selling shares of their stock, would you want to know?

Get This Free Report

Key Executives

  • Mr. John M. ForsythMr. John M. Forsyth (Age 49)
    CEO, Pres & Director
    Comp: $1.89M
  • Mr. Venkatesh R. Nathamuni
    CFO & Principal Accounting Officer
  • Mr. Gregory Scott Thomas (Age 57)
    Sr. VP, Gen. Counsel & Corp. Sec.
    Comp: $998.08k
  • Ms. Denise Grode (Age 48)
    Chief HR Officer
    Comp: $1.19M
  • Mr. Jeffrey W. BaumgartnerMr. Jeffrey W. Baumgartner (Age 48)
    VP of R&D
    Comp: $915.75k
  • Ms. Chelsea Heffernan
    Director of Investor Relations
  • Mr. Andrew BrannanMr. Andrew Brannan (Age 56)
    VP of Worldwide Sales
  • Mr. David Biven
    Director of Corp. Devel.
  • Mr. Scott A. AndersonMr. Scott A. Anderson (Age 69)
    Sr. VP of Supply Chain
  • Mr. Justin E. DoughertyMr. Justin E. Dougherty
    Sr. VP of Global Operations













CRUS Stock - Frequently Asked Questions

Should I buy or sell Cirrus Logic stock right now?

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.

What is Cirrus Logic's stock price forecast for 2023?

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.

How have CRUS shares performed in 2023?

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
.

When is Cirrus Logic's next earnings date?

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

How were Cirrus Logic's earnings last quarter?

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%.

How will Cirrus Logic's stock buyback program work?

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.

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

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.

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).

What is Cirrus Logic's stock symbol?

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

Who are Cirrus Logic's major shareholders?

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
.

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 WeBull, Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Robinhood, Fidelity, and Charles Schwab.
Compare Top Brokerages Here.

What is Cirrus Logic's stock price today?

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

How much money does Cirrus Logic make?

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.

How many employees does Cirrus Logic have?

The company employs 1,702 workers across the globe.

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
How can I contact Cirrus Logic?

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.

This page (NASDAQ:CRUS) was last updated on 9/24/2023 by MarketBeat.com Staff

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