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S&P 500   3,911.74
DOW   31,500.68
QQQ   294.61
S&P 500   3,911.74
DOW   31,500.68
QQQ   294.61
S&P 500   3,911.74
DOW   31,500.68
QQQ   294.61
S&P 500   3,911.74
DOW   31,500.68
QQQ   294.61
NASDAQ:CRUS

Cirrus Logic Stock Forecast, Price & News

$72.64
+2.08 (+2.95%)
(As of 06/24/2022 06:55 PM ET)
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Today's Range
$71.12
$72.74
50-Day Range
$70.56
$84.24
52-Week Range
$70.11
$95.84
Volume
553,100 shs
Average Volume
482,200 shs
Market Capitalization
$4.06 billion
P/E Ratio
13.16
Dividend Yield
N/A
Price Target
$106.08
30 days | 90 days | 365 days | Advanced Chart

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CRUS Stock Forecast (MarketRank)

Overall MarketRank

2.78 out of 5 stars

Computer And Technology Sector

86th out of 922 stocks

Semiconductors & Related Devices Industry

20th out of 122 stocks

Analyst Opinion: 3.4Community Rank: 4.9Dividend Strength: 0.0Insider Behavior: 2.5Valuation: 3.1 5 -4 -3 -2 -1 -
Cirrus Logic logo

About Cirrus Logic (NASDAQ:CRUS)

Cirrus Logic, Inc., a fabless semiconductor company, provides low-power and high-precision mixed-signal processing solutions in the United States and internationally. It offers portable 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 processer; boosted amplifiers; 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, hearing augmentation, and active noise cancellation. 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 provides high-performance mixed-signal products, such as haptic driver and sensing solutions, camera controllers, power conversion, and control ICs and fast-charging ICs 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.

CRUS Stock News Headlines

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Industry, Sector and Symbol

Industry
Semiconductors & related devices
Sub-Industry
Semiconductors
Current Symbol
NASDAQ:CRUS
CUSIP
17275510
Employees
1,591
Year Founded
1984

Company Calendar

Last Earnings
5/03/2022
Today
6/27/2022
Next Earnings (Estimated)
7/27/2022
Fiscal Year End
3/31/2023

Price Target and Rating

Average Stock Price Forecast
$106.08
High Stock Price Forecast
$120.00
Low Stock Price Forecast
$85.79
Forecasted Upside/Downside
+46.0%
Consensus Rating
Moderate Buy
Rating Score (0-4)
2.72727272727273
Research Coverage
11 Analysts

Profitability

Net Income
$326.36 million
Pretax Margin
20.69%

Debt

Sales & Book Value

Annual Sales
$1.78 billion
Cash Flow
$7.29 per share
Book Value
$27.93 per share

Miscellaneous

Free Float
55,395,000
Market Cap
$4.06 billion
Optionable
Optionable
Beta
0.90

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Cirrus Logic Frequently Asked Questions

Should I buy or sell Cirrus Logic stock right now?

11 Wall Street research analysts have issued "buy," "hold," and "sell" ratings for Cirrus Logic in the last year. There are currently 1 sell rating, 1 hold rating and 9 buy ratings for the stock. The consensus among Wall Street research analysts is that investors should "moderate buy" Cirrus Logic stock.
View analyst ratings for Cirrus Logic
or view top-rated stocks.

What is Cirrus Logic's stock price forecast for 2022?

11 Wall Street analysts have issued 12 month target prices for Cirrus Logic's shares. Their CRUS stock forecasts range from $85.79 to $120.00. On average, they anticipate Cirrus Logic's share price to reach $106.08 in the next year. This suggests a possible upside of 46.0% from the stock's current price.
View analysts' price targets for Cirrus Logic
or view top-rated stocks among Wall Street analysts.

How has Cirrus Logic's stock performed in 2022?

Cirrus Logic's stock was trading at $92.02 on January 1st, 2022. Since then, CRUS stock has decreased by 21.1% and is now trading at $72.64.
View the best growth stocks for 2022 here
.

When is Cirrus Logic's next earnings date?

Cirrus Logic is scheduled to release its next quarterly earnings announcement on Wednesday, July 27th 2022.
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 Tuesday, May, 3rd. The semiconductor company reported $1.78 EPS for the quarter, topping analysts' consensus estimates of $1.18 by $0.60. The semiconductor company had revenue of $498.97 million for the quarter, compared to the consensus estimate of $420.19 million. Cirrus Logic had a trailing twelve-month return on equity of 23.52% and a net margin of 18.32%. The business's revenue for the quarter was up 70.0% compared to the same quarter last year. During the same period in the prior year, the business earned $0.47 EPS.
View Cirrus Logic's earnings history
.

How will Cirrus Logic's stock buyback program work?

Cirrus Logic announced that its Board of Directors has approved a stock buyback plan on Monday, February 1st 2021, which authorizes the company to repurchase $350,000,000.00 in outstanding shares, according to EventVestor. This repurchase authorization authorizes the company to repurchase up to 6.2% of its shares through open market purchases. Shares repurchase plans are usually an indication that the company's board 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 2023 earnings guidance on Monday, May, 9th. The company provided earnings per share guidance of for the period. The company issued revenue guidance of $350.00 million-$390.00 million, compared to the consensus revenue estimate of $299.98 million.

Who are Cirrus Logic's key executives?

Cirrus Logic's management team includes the following people:

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.

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 Vanguard Group Inc. (10.37%), BlackRock Inc. (10.05%), Mackenzie Financial Corp (4.48%), State Street Corp (3.47%), Wellington Management Group LLP (3.44%) and Dimensional Fund Advisors LP (2.50%). Company insiders that own Cirrus Logic stock include Alan R Schuele, Alan R Schuele, Alexander M Davern, Allan Hughes, Andrew Brannan, Bradley J Fluke, 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 for Cirrus Logic
.

Which institutional investors are selling Cirrus Logic stock?

CRUS stock was sold by a variety of institutional investors in the last quarter, including Panagora Asset Management Inc., Acadian Asset Management LLC, Prudential Financial Inc., BlackRock Inc., Assenagon Asset Management S.A., Lazard Asset Management LLC, Woodline Partners LP, and PEAK6 Investments LLC. Company insiders that have sold Cirrus Logic company stock in the last two years include 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 Thomas, Thurman K Case, and Timothy R Dehne.
View insider buying and selling activity for Cirrus Logic
or view top insider-selling stocks.

Which institutional investors are buying Cirrus Logic stock?

CRUS stock was purchased by a variety of institutional investors in the last quarter, including Wellington Management Group LLP, Mackenzie Financial Corp, Vanguard Group Inc., LSV Asset Management, Renaissance Technologies LLC, State Street Corp, Jane Street Group LLC, and Fuller & Thaler Asset Management Inc..
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 $72.64.

How much money does Cirrus Logic make?

Cirrus Logic (NASDAQ:CRUS) has a market capitalization of $4.06 billion and generates $1.78 billion in revenue each year. The semiconductor company earns $326.36 million in net income (profit) each year or $5.519990 on an earnings per share basis.

How many employees does Cirrus Logic have?

Cirrus Logic employs 1,591 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.
Read More

When was Cirrus Logic founded?

Cirrus Logic was founded in 1984.

How can I contact Cirrus Logic?

Cirrus Logic's mailing address is 800 WEST 6TH STREET, AUSTIN TX, 78701. The official website for Cirrus Logic is www.cirrus.com. The semiconductor company can be reached via phone at (512) 851-4000, via email at [email protected], or via fax at 800-888-5016.

This page (NASDAQ:CRUS) was last updated on 6/27/2022 by MarketBeat.com Staff

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