Cirrus Logic Stock Forecast, Price & News

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.
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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.

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

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.

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.
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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.

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.

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.
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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.

Some companies that are related to Cirrus Logic include NVIDIA (NVDA), Intel (INTC), Broadcom (AVGO), Texas Instruments (TXN), Micron Technology (MU), Analog Devices (ADI), Microchip Technology (MCHP), Marvell Technology (MRVL), Xilinx (XLNX), Skyworks Solutions (SWKS), Maxim Integrated Products (MXIM), Monolithic Power Systems (MPWR), Cree (CREE), First Solar (FSLR) and Lattice Semiconductor (LSCC).
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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).

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 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.

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.

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.

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.
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One share of CRUS stock can currently be purchased for approximately $79.46.

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.

Cirrus Logic employs 1,481 workers across the globe.

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.

Cirrus Logic was founded in 1984.

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

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

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]