NASDAQ:CRUS

Cirrus Logic Stock Forecast, Price & News

$79.46
-1.04 (-1.29 %)
(As of 06/18/2021 12:00 AM ET)
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Today's Range
$78.71
$80.89
50-Day Range
$72.28
$87.67
52-Week Range
$55.30
$103.25
Volume972,952 shs
Average Volume626,867 shs
Market Capitalization$4.57 billion
P/E Ratio21.95
Dividend YieldN/A
Beta0.9
30 days | 90 days | 365 days | Advanced Chart
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About Cirrus Logic

Cirrus Logic, Inc., a fabless semiconductor company, provides low-power, high-precision mixed-signal processing solutions in the United States and internationally. It offers portable products, including codecs-chips that integrate analog-to-digital converters (ADCs) and digital-to-analog converters (DACs) into a single IC; smart codecs, a codec with digital signal processer; boosted amplifiers; micro-electromechanical systems microphones; haptic drivers; digital signal processors; and SoundClear technology, which consists of a portfolio of tools, software, and algorithms that offer enhanced voice quality, voice capture, and audio playback features. The company's audio products are used in smartphones, tablets, wireless headsets, laptops, AR/VR headsets, home theater systems, automotive entertainment systems, and professional audio systems. It also offers high-performance mixed-signal products, such as haptic driver and sensing solutions, camera controllers, and power-related components used in various industrial and energy applications comprising 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.

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MarketRank

Overall MarketRank

2.09 out of 5 stars

Computer And Technology Sector

73rd out of 1,582 stocks

Semiconductors & Related Devices Industry

14th out of 151 stocks

Analyst Opinion: 3.4Community Rank: 2.9Dividend Strength: 0.0Insider Behavior: 1.7Valuation: 2.5 5 -4 -3 -2 -1 -
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Cirrus Logic (NASDAQ:CRUS) Frequently Asked Questions

Is Cirrus Logic a buy right now?

13 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Cirrus Logic in the last twelve months. There are currently 3 hold ratings and 10 buy ratings for the stock. The consensus among Wall Street analysts is that investors should "buy" Cirrus Logic stock.
View analyst ratings for Cirrus Logic
or view top-rated stocks.

What stocks does MarketBeat like better than Cirrus Logic?

Wall Street analysts have given Cirrus Logic a "Buy" rating, but there may be better buying opportunities in the stock market. Some of MarketBeat's past winning trading ideas have resulted in 5-15% weekly gains. MarketBeat just released five new stock ideas, but Cirrus Logic wasn't one of them. MarketBeat thinks these five companies may be even better buys.
View MarketBeat's top stock picks here.

Are investors shorting Cirrus Logic?

Cirrus Logic saw a decline in short interest in May. As of May 28th, there was short interest totaling 1,070,000 shares, a decline of 18.3% from the May 13th total of 1,310,000 shares. Based on an average daily trading volume, of 534,100 shares, the days-to-cover ratio is presently 2.0 days. Currently, 1.9% of the company's stock are sold short.
View Cirrus Logic's Short Interest
.

When is Cirrus Logic's next earnings date?

Cirrus Logic is scheduled to release its next quarterly earnings announcement on Monday, August 2nd 2021.
View our earnings forecast for Cirrus Logic
.

How were Cirrus Logic's earnings last quarter?

Cirrus Logic, Inc. (NASDAQ:CRUS) announced its quarterly earnings results on Thursday, April, 29th. The semiconductor company reported $0.66 EPS for the quarter, missing analysts' consensus estimates of $0.71 by $0.05. The semiconductor company had revenue of $293.54 million for the quarter, compared to analysts' expectations of $301.05 million. Cirrus Logic had a trailing twelve-month return on equity of 17.06% and a net margin of 15.87%.
View Cirrus Logic's earnings history
.

How has Cirrus Logic's stock been impacted by Coronavirus?

Cirrus Logic's stock was trading at $62.76 on March 11th, 2020 when Coronavirus reached pandemic status according to the World Health Organization. Since then, CRUS shares have increased by 26.6% and is now trading at $79.46.
View which stocks have been most impacted by COVID-19
.

How will Cirrus Logic's stock buyback program work?

Cirrus Logic announced that its Board of Directors has authorized a share buyback program on Monday, February 1st 2021, which allows the company to repurchase $350,000,000.00 in outstanding shares, according to EventVestor. This repurchase authorization allows the company to buy up to 6.2% of its stock through open market purchases. Stock repurchase programs are typically an indication that the company's board of directors believes its stock is undervalued.

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

Cirrus Logic issued an update on its first quarter 2022 earnings guidance on Thursday, May, 13th. The company provided earnings per share (EPS) guidance of - for the period. The company issued revenue guidance of $240 million-$280 million, compared to the consensus revenue estimate of $282.72 million.

What price target have analysts set for CRUS?

13 brokerages have issued 12 month target prices for Cirrus Logic's shares. Their forecasts range from $80.00 to $115.00. On average, they expect Cirrus Logic's share price to reach $101.45 in the next year. This suggests a possible upside of 27.7% from the stock's current price.
View analysts' price targets for Cirrus Logic
or view top-rated stocks among Wall Street analysts.

Who are Cirrus Logic's key executives?

Cirrus Logic's management team includes the following people:
  • Mr. John M. Forsyth, CEO, Pres & Director (Age 47, Pay $768.44k)
  • Mr. Thurman K. Case, VP of Fin., CFO & Principal Accounting Officer (Age 64, Pay $836.1k)
  • Mr. Gregory Scott Thomas, Sr. VP, Gen. Counsel & Corp. Sec. (Age 55, Pay $779.29k)
  • Mr. Carl Jackson Alberty, VP of Mixed-Signal Products
  • Ms. Chelsea Heffernan, Director of Investor Relations
  • Mr. Andrew Brannan, VP of Worldwide Sales (Age 54)
  • Ms. Jo-Dee M. Benson, VP & Chief Culture Officer (Age 61)
  • Mr. Scott A. Anderson, Sr. VP of Supply Chain (Age 67)
  • Ms. Jonanna Mikulenka, Corp. Controller
  • Ms. Amy Garrett, Financial Reporting Mang.

What is Jason P. Rhode's approval rating as Cirrus Logic's CEO?

117 employees have rated Cirrus Logic CEO Jason P. Rhode on Glassdoor.com. Jason P. Rhode has an approval rating of 92% among Cirrus Logic's employees. This puts Jason P. Rhode in the top 30% of approval ratings compared to other CEOs of publicly-traded companies.

Who are some of Cirrus Logic's key competitors?

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), The 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 variety of institutional and retail investors. Top institutional investors include BlackRock Inc. (11.42%), Dimensional Fund Advisors LP (2.62%), Contour Asset Management LLC (1.79%), Geode Capital Management LLC (1.69%), Royce & Associates LP (1.38%) and Acadian Asset Management LLC (1.31%). Company insiders that own Cirrus Logic stock include Andrew Brannan, Bradley J Fluke, Carl Jackson Alberty, Jason P Rhode, Jeffrey W Baumgartner, John C Carter, John Forsyth, Scott Arnold Anderson, Thurman K Case and Timothy R Dehne.
View institutional ownership trends for Cirrus Logic
.

Which major investors are selling Cirrus Logic stock?

CRUS stock was sold by a variety of institutional investors in the last quarter, including LSV Asset Management, Morgan Stanley, Great Lakes Advisors LLC, Price T Rowe Associates Inc. MD, Jupiter Asset Management Ltd., Rothschild & Co. Asset Management US Inc., Edgestream Partners L.P., and Panagora Asset Management Inc.. Company insiders that have sold Cirrus Logic company stock in the last year include Andrew Brannan, Carl Jackson Alberty, Jason P Rhode, Jeffrey W Baumgartner, John C Carter, John Forsyth, Thurman K Case, and Timothy R Dehne.
View insider buying and selling activity for Cirrus Logic
or view top insider-selling stocks.

Which major investors are buying Cirrus Logic stock?

CRUS stock was bought by a variety of institutional investors in the last quarter, including Contour Asset Management LLC, Millennium Management LLC, Renaissance Technologies LLC, AO Asset Management LP, BlackRock Inc., Assenagon Asset Management S.A., Acadian Asset Management LLC, and Earnest Partners LLC.
View insider buying and selling activity for Cirrus Logic
or or view top insider-buying stocks.

How do I buy shares of Cirrus Logic?

Shares of CRUS 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 $79.46.

How much money does Cirrus Logic make?

Cirrus Logic has a market capitalization of $4.57 billion and generates $1.37 billion in revenue each year. The semiconductor company earns $217.34 million in net income (profit) each year or $3.75 on an earnings per share basis.

How many employees does Cirrus Logic have?

Cirrus Logic employs 1,481 workers across the globe.

Does Cirrus Logic have any subsidiaries?

The following companies are subsidiares of Cirrus Logic: Acoustic Technologies, Apex Microtechnology, AudioLogic Inc., CYPHER, Caretta Integrated Circuits, Cirrus Logic International (UK) Ltd., Cirrus Logic International Holdings Ltd., Cirrus Logic International Semiconductor Ltd., Cirrus Logic UK International Holding Co. Ltd., LuxSonor Semiconductors, Opalum, Peak Audio, Sharewave, Stream Machine Company, and Wolfson Microelectronics.

When was Cirrus Logic founded?

Cirrus Logic was founded in 1984.

What is Cirrus Logic's official website?

The official website for Cirrus Logic is www.cirrus.com.

Where are Cirrus Logic's headquarters?

Cirrus Logic is headquartered at 800 WEST 6TH STREET, AUSTIN TX, 78701.

How can I contact Cirrus Logic?

Cirrus Logic's mailing address is 800 WEST 6TH STREET, AUSTIN TX, 78701. The semiconductor company can be reached via phone at 512-851-4000 or via email at [email protected]


This page was last updated on 6/20/2021 by MarketBeat.com Staff
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