Cirrus Logic Stock Price, News & Analysis (NASDAQ:CRUS)

9 Wall Street equities research analysts have issued "buy," "hold," and "sell" ratings for Cirrus Logic in the last year. There are currently 9 buy ratings for the stock. The consensus among Wall Street equities research analysts is that investors should "buy" CRUS shares.
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9 Wall Street research analysts have issued 1-year price objectives for Cirrus Logic's stock. Their CRUS share price targets range from $80.00 to $110.00. On average, they predict the company's share price to reach $98.50 in the next twelve months. This suggests a possible upside of 25.4% from the stock's current price.
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Cirrus Logic's stock was trading at $74.48 at the beginning of the year. Since then, CRUS shares have increased by 5.4% and is now trading at $78.53.
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The company is scheduled to release its next quarterly earnings announcement on Thursday, February 1st 2024.
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Cirrus Logic, Inc. (NASDAQ:CRUS) issued its earnings results on Thursday, November, 2nd. The semiconductor company reported $1.43 EPS for the quarter, beating the consensus estimate of $1.25 by $0.18. The semiconductor company earned $481.06 million during the quarter, compared to the consensus estimate of $457.28 million. Cirrus Logic had a trailing twelve-month return on equity of 15.11% and a net margin of 7.99%.

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

Cirrus Logic announced that its board has authorized a share repurchase program on Tuesday, August 2nd 2022, which authorizes the company to repurchase $500,000,000.00 in outstanding shares, according to EventVestor. This repurchase authorization authorizes the company to buy up to 10.7% of its shares through open market purchases. Shares repurchase programs are generally an indication that the company's leadership believes its shares are undervalued.

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's stock is owned by a variety of institutional and retail investors. Top institutional shareholders include FMR LLC (14.01%), Mackenzie Financial Corp (4.48%), Wellington Management Group LLP (2.47%), LSV Asset Management (2.39%), Earnest Partners LLC (2.04%) and AQR Capital Management LLC (1.31%). 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 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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