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NASDAQ:CRUS

Cirrus Logic (CRUS) Stock Price, News & Analysis

$129.24
+2.43 (+1.92%)
(As of 07/26/2024 ET)
Today's Range
$127.95
$131.23
50-Day Range
$112.99
$142.65
52-Week Range
$65.02
$142.83
Volume
405,489 shs
Average Volume
453,884 shs
Market Capitalization
$6.91 billion
P/E Ratio
26.22
Dividend Yield
N/A
Price Target
$128.57

Cirrus Logic MarketRank™ Stock Analysis

Analyst Rating
Moderate Buy
2.86 Rating Score
Upside/​Downside
0.5% Downside
$128.57 Price Target
Short Interest
Healthy
1.83% of Float Sold Short
Dividend Strength
N/A
Sustainability
-1.54
Upright™ Environmental Score
News Sentiment
1.06mentions of Cirrus Logic in the last 14 days
Based on 9 Articles This Week
Insider Trading
Selling Shares
$2.19 M Sold Last Quarter
Proj. Earnings Growth
16.84%
From $4.75 to $5.55 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.

4.67 out of 5 stars

Computer And Technology Sector

80th out of 612 stocks

Semiconductors & Related Devices Industry

17th out of 89 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 amplifiers; 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 integrated digital signal processing; 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 for use 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 smartphones, as well as 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

J.P. Morgan’s DIRE Warning
When the largest bank in the U.S. says a crisis is coming - you NEED to listen. The Wall Street Journal warns, "America's bonds are getting harder to sell."
Cirrus Logic (NASDAQ:CRUS) Sets New 12-Month High at $141.07
J.P. Morgan’s DIRE Warning
When the largest bank in the U.S. says a crisis is coming - you NEED to listen. The Wall Street Journal warns, "America's bonds are getting harder to sell."
Cirrus Logic to Present at Upcoming Conferences
See More Headlines
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Company Calendar

Last Earnings
5/07/2024
Today
7/26/2024
Next Earnings (Confirmed)
8/06/2024
Fiscal Year End
3/31/2025

Industry, Sector and Symbol

Industry
Semiconductors & related devices
Sub-Industry
Semiconductors
Current Symbol
NASDAQ:CRUS
CUSIP
17275510
Employees
1,625
Year Founded
1984

Price Target and Rating

Average Stock Price Target
$128.57
High Stock Price Target
$175.00
Low Stock Price Target
$80.00
Potential Upside/Downside
-0.5%
Consensus Rating
Moderate Buy
Rating Score (0-4)
2.86
Research Coverage
7 Analysts

Profitability

Net Income
$274.57 million
Pretax Margin
20.34%

Debt

Sales & Book Value

Annual Sales
$1.79 billion
Cash Flow
$6.20 per share
Book Value
$33.71 per share

Miscellaneous

Free Float
52,906,000
Market Cap
$6.91 billion
Optionable
Optionable
Beta
0.94

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CRUS Stock Analysis - Frequently Asked Questions

How have CRUS shares performed this year?

Cirrus Logic's stock was trading at $83.19 at the start of the year. Since then, CRUS stock has increased by 55.4% and is now trading at $129.24.
View the best growth stocks for 2024 here
.

How were Cirrus Logic's earnings last quarter?

Cirrus Logic, Inc. (NASDAQ:CRUS) released its quarterly earnings results on Tuesday, May, 7th. The semiconductor company reported $0.84 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.36 by $0.48. The semiconductor company earned $371.83 million during the quarter, compared to analysts' expectations of $320.14 million. Cirrus Logic had a trailing twelve-month return on equity of 16.49% and a net margin of 15.35%.

Is Cirrus Logic doing a stock buyback?

Cirrus Logic's Board of Directors authorized a stock buyback program on Tuesday, August 2nd 2022, which authorizes the company to repurchase $500,000,000 in outstanding shares, according to EventVestor. This means that the company could buy up to 10.7% of its shares through open market purchases. Shares buyback programs are usually a sign that the company's board of directors believes its stock is undervalued.

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.

Does Cirrus Logic have any subsidiaries?

Cirrus Logic subsidiaries include these companies: Wolfson Microelectronics, Acoustic Technologies Inc, Apex Microtechnology, Caretta Integrated Circuits Inc, Stream Machine Company, LuxSonor Semiconductors Inc, ShareWave Inc, and others.

Who are Cirrus Logic's major shareholders?

Cirrus Logic's top institutional shareholders include Bank of New York Mellon Corp (0.95%), DNB Asset Management AS (0.34%), Assenagon Asset Management S.A. (0.30%) and Retirement Systems of Alabama (0.16%). Insiders that own company stock include Carl Jackson Alberty, Scott Thomas, Alexander M Davern, John Forsyth, Timothy R Dehne, Jodee Benson, Scott Arnold Anderson, Andrew Brannan, Justin E Dougherty, Venkatesh Nathamuni, Allan Hughes, Thurman K Case, Jeffrey W Baumgartner and Alan R Schuele.
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.

What other stocks do shareholders of Cirrus Logic own?

Based on aggregate information from My MarketBeat watchlists, some other companies that Cirrus Logic investors own include Hawkins (HWKN), NVIDIA (NVDA), Micron Technology (MU), Intel (INTC), QUALCOMM (QCOM), Netflix (NFLX) and Walt Disney (DIS).

This page (NASDAQ:CRUS) was last updated on 7/27/2024 by MarketBeat.com Staff

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