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NASDAQ:CRUS

Cirrus Logic (CRUS) Stock Forecast, Price & News

$76.65
-2.88 (-3.62%)
(As of 06/5/2023 ET)
Compare
Today's Range
$76.10
$78.70
50-Day Range
$74.29
$109.56
52-Week Range
$61.94
$111.15
Volume
578,344 shs
Average Volume
584,959 shs
Market Capitalization
$4.20 billion
P/E Ratio
24.97
Dividend Yield
N/A
Price Target
$100.00

Cirrus Logic MarketRank™ Forecast

Analyst Rating
Moderate Buy
2.70 Rating Score
Upside/​Downside
30.5% Upside
$100.00 Price Target
Short Interest
Healthy
2.44% of Float Sold Short
Dividend Strength
N/A
Sustainability
-1.54
Upright™ Environmental Score
News Sentiment
0.90mentions of Cirrus Logic in the last 14 days
Based on 5 Articles This Week
Insider Trading
Selling Shares
$1.13 M Sold Last Quarter
Proj. Earnings Growth
22.51%
From $3.91 to $4.79 Per Share

Overall MarketRank

MarketRank is calculated as an average of available category scores, with extra weight given to analysis and valuation.

2.94 out of 5 stars

Computer And Technology Sector

26th out of 607 stocks

Semiconductors & Related Devices Industry

7th out of 89 stocks


CRUS stock logo

About Cirrus Logic (NASDAQ:CRUS) Stock

Cirrus Logic, Inc. engages in the development of high-precision, analog and mixed-signal integrated circuits for a range of customers. It builds an analog and signal-processing patent portfolio. The firm delivers optimized products for a variety of audio, industrial and energy-related applications. Its product lines include portable audio products and non-portable audio and other products. The company was founded by Suhas S. Patil and Michael L. Hackworth in 1984 and is headquartered in Austin, TX.

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CRUS Stock News Headlines

Cirrus Logic Brings Immersive Audio to PC Market
“One-Stock Millionaire” IGNORES 99.9% of the Market
During the 2008 financial crisis, millionaire trader Jeff Clark stunned the world when he managed to double his readers’ money 26 TIMES… CNBC caught wind of this and asked Jeff to come on live TV to explain his secret.
Loop Capital Downgrades Cirrus Logic (NASDAQ:CRUS) to Hold
“One-Stock Millionaire” IGNORES 99.9% of the Market
During the 2008 financial crisis, millionaire trader Jeff Clark stunned the world when he managed to double his readers’ money 26 TIMES… CNBC caught wind of this and asked Jeff to come on live TV to explain his secret.
StockNews.com Lowers Cirrus Logic (NASDAQ:CRUS) to Hold
What 6 Analyst Ratings Have To Say About Cirrus Logic
Susquehanna Reaffirms Their Buy Rating on Cirrus Logic (CRUS)
Cirrus Logic (NASDAQ:CRUS) Price Target Cut to $90.00
Cirrus Logic Inc. Q4 Earnings Summary
See More Headlines

CRUS Price History

CRUS Company Calendar

Last Earnings
2/02/2023
Today
6/05/2023
Next Earnings (Estimated)
8/01/2023
Fiscal Year End
3/31/2024

Industry, Sector and Symbol

Industry
Semiconductors & related devices
Sub-Industry
Semiconductors
Current Symbol
NASDAQ:CRUS
CUSIP
17275510
Employees
1,702
Year Founded
1984

Price Target and Rating

Average Stock Price Forecast
$100.00
High Stock Price Forecast
$110.00
Low Stock Price Forecast
$80.00
Forecasted Upside/Downside
+30.2%
Consensus Rating
Moderate Buy
Rating Score (0-4)
2.70
Research Coverage
10 Analysts

Profitability

Net Income
$176.70 million
Pretax Margin
13.42%

Debt

Sales & Book Value

Annual Sales
$1.90 billion
Cash Flow
$7.96 per share
Book Value
$30.01 per share

Miscellaneous

Free Float
54,326,000
Market Cap
$4.21 billion
Optionable
Optionable
Beta
0.97

Social Links


Key Executives

  • John ForsythJohn Forsyth
    Chief Executive Officer
  • Venkatesh R. Nathamuni
    Chief Financial Officer
  • Jeffrey W. BaumgartnerJeffrey W. Baumgartner
    Vice President-Research & Development
  • Allan William Hughes
    Vice President-Information Technology
  • Gregory Scott Thomas
    Secretary, Senior Vice President & General Counsel













CRUS Stock - Frequently Asked Questions

Should I buy or sell Cirrus Logic stock right now?

10 Wall Street 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 8 buy ratings for the stock. The consensus among Wall Street analysts is that investors should "buy" CRUS shares.
View CRUS analyst ratings
or view top-rated stocks.

What is Cirrus Logic's stock price forecast for 2023?

10 brokers have issued 12 month target prices for Cirrus Logic's stock. Their CRUS share price forecasts range from $80.00 to $110.00. On average, they anticipate the company's share price to reach $100.00 in the next twelve months. This suggests a possible upside of 30.2% from the stock's current price.
View analysts price targets for CRUS
or view top-rated stocks among Wall Street analysts.

How have CRUS shares performed in 2023?

Cirrus Logic's stock was trading at $74.48 at the start of the year. Since then, CRUS shares have increased by 3.1% and is now trading at $76.78.
View the best growth stocks for 2023 here
.

Are investors shorting Cirrus Logic?

Cirrus Logic saw a drop in short interest during the month of May. As of May 15th, there was short interest totaling 1,330,000 shares, a drop of 7.0% from the April 30th total of 1,430,000 shares. Based on an average daily trading volume, of 577,900 shares, the days-to-cover ratio is presently 2.3 days. Currently, 2.4% of the company's shares are short sold.
View Cirrus Logic's Short Interest
.

When is Cirrus Logic's next earnings date?

The company is scheduled to release its next quarterly earnings announcement on Tuesday, August 1st 2023.
View our CRUS earnings forecast
.

How were Cirrus Logic's earnings last quarter?

Cirrus Logic, Inc. (NASDAQ:CRUS) released its quarterly earnings data on Thursday, February, 2nd. The semiconductor company reported $2.40 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $1.99 by $0.41. The semiconductor company had revenue of $590.58 million for the quarter, compared to analyst estimates of $543.55 million. Cirrus Logic had a trailing twelve-month return on equity of 18.07% and a net margin of 9.31%. Cirrus Logic's quarterly revenue was up 7.7% compared to the same quarter last year. During the same period last year, the firm posted $2.28 EPS.

How will Cirrus Logic's stock buyback program work?

Cirrus Logic announced that its board has authorized a stock buyback plan on Tuesday, August 2nd 2022, which authorizes the company to buyback $500,000,000.00 in shares, according to EventVestor. This buyback authorization authorizes the company to reacquire up to 10.7% of its stock through open market purchases. Stock buyback plans are typically a sign 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 updated its first quarter 2024 earnings guidance on Thursday, May, 4th. The company provided EPS guidance of for the period. The company issued revenue guidance of $260.00 million-$320.00 million, compared to the consensus revenue estimate of $326.35 million.

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.

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 variety of institutional and retail investors. Top institutional investors include FMR LLC (15.00%), BlackRock Inc. (9.58%), Mackenzie Financial Corp (4.44%), State Street Corp (3.56%), Wellington Management Group LLP (3.13%) and Dimensional Fund Advisors LP (2.55%). Insiders that own company stock include Alan R Schuele, 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 Arnold Anderson, Scott Thomas, Thurman K Case and Timothy R Dehne.
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 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 $76.78.

How much money does Cirrus Logic make?

Cirrus Logic (NASDAQ:CRUS) has a market capitalization of $4.21 billion and generates $1.90 billion in revenue each year. The semiconductor company earns $176.70 million in net income (profit) each year or $3.07 on an earnings per share basis.

How many employees does Cirrus Logic have?

The company employs 1,702 workers across the globe.

Does Cirrus Logic have any subsidiaries?
The following companies are subsidiares of Cirrus Logic: Acoustic Technologies Inc, Acumos Incorporated, Apex Microtechnology, AudioLogic Inc., Caretta Integrated Circuits Inc, Cirrus Logic International (UK) Ltd., Cirrus Logic International Holdings Ltd., Cirrus Logic International Semiconductor Ltd., Cirrus Logic UK International Holding Co. Ltd., Crystal Semiconductor, Data Systems Technology Inc, LuxSonor Semiconductors Inc, Pacific Communication Sciences Inc, PicoPower Technology Inc, Pixel Semiconductor, R. Scott Associates Inc, ShareWave Inc, Stream Machine Company, and Wolfson Microelectronics.
Read More
How can I contact Cirrus Logic?

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

This page (NASDAQ:CRUS) was last updated on 6/5/2023 by MarketBeat.com Staff

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