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Cirrus Logic Stock Price, News & Analysis (NASDAQ:CRUS)

$78.10
+1.08 (+1.40%)
(As of 12/5/2023 ET)
Compare
Today's Range
$75.80
$78.26
50-Day Range
$66.01
$77.02
52-Week Range
$65.02
$111.15
Volume
499,204 shs
Average Volume
534,467 shs
Market Capitalization
$4.21 billion
P/E Ratio
31.49
Dividend Yield
N/A
Price Target
$98.50

Cirrus Logic MarketRank™ Stock Analysis

Analyst Rating
Buy
3.00 Rating Score
Upside/​Downside
26.1% Upside
$98.50 Price Target
Short Interest
Healthy
2.26% of Float Sold Short
Dividend Strength
N/A
Sustainability
-1.54
Upright™ Environmental Score
News Sentiment
0.32mentions of Cirrus Logic in the last 14 days
Based on 3 Articles This Week
Insider Trading
N/A
Proj. Earnings Growth
13.02%
From $4.07 to $4.60 Per Share

Overall MarketRank

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

2.44 out of 5 stars

Computer And Technology Sector

149th out of 589 stocks

Semiconductors & Related Devices Industry

25th out of 80 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 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 processing; boosted amplifiers; 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. Its audio products are used 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 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

[Investor Alert] Potential Breakthrough Medical Tech Investment Opportunity
Autonomix has patented technology that can detect and target nerve signals at an accuracy never seen before, a $100B opportunity. Now the team with almost $600M in exits is planning to list Autonomix on the Nasdaq. And you can invest in Autonomix ahead of their intended Nasdaq listing.* *Disclosure: This is a paid advertisement for Autonomix’s Regulation A+ Offering. Please read the offering circular at invest.autonomix.com
StockNews.com Downgrades Cirrus Logic (NASDAQ:CRUS) to Hold
Cirrus Logic In 2024 And 2025 Continued
[Investor Alert] Potential Breakthrough Medical Tech Investment Opportunity
Autonomix has patented technology that can detect and target nerve signals at an accuracy never seen before, a $100B opportunity. Now the team with almost $600M in exits is planning to list Autonomix on the Nasdaq. And you can invest in Autonomix ahead of their intended Nasdaq listing.* *Disclosure: This is a paid advertisement for Autonomix’s Regulation A+ Offering. Please read the offering circular at invest.autonomix.com
126,895
Cirrus Logic Inc. Q2 Profit Decreases, but beats estimates
Loop Capital Upgrades Cirrus Logic (CRUS)
Cirrus Logic, Inc. (CRU.F)
See More Headlines
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Company Calendar

Last Earnings
11/02/2023
Today
12/05/2023
Next Earnings (Estimated)
2/01/2024
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 Target
$98.50
High Stock Price Target
$110.00
Low Stock Price Target
$80.00
Potential Upside/Downside
+26.1%
Consensus Rating
Buy
Rating Score (0-4)
3.00
Research Coverage
9 Analysts

Profitability

Net Income
$176.70 million
Pretax Margin
12.15%

Debt

Sales & Book Value

Annual Sales
$1.76 billion
Cash Flow
$8.45 per share
Book Value
$30.01 per share

Miscellaneous

Free Float
53,418,000
Market Cap
$4.21 billion
Optionable
Optionable
Beta
1.00

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CRUS Stock Analysis - Frequently Asked Questions

Should I buy or sell Cirrus Logic stock right now?

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

What is Cirrus Logic's stock price target for 2024?

9 Wall Street analysts have issued 12-month price objectives for Cirrus Logic's stock. Their CRUS share price targets range from $80.00 to $110.00. On average, they anticipate the company's stock price to reach $98.50 in the next twelve months. This suggests a possible upside of 26.1% 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 beginning of 2023. Since then, CRUS stock has increased by 4.9% and is now trading at $78.10.
View the best growth stocks for 2023 here
.

When is Cirrus Logic's next earnings date?

The company is scheduled to release its next quarterly earnings announcement on Thursday, February 1st 2024.
View our CRUS earnings forecast
.

How were Cirrus Logic's earnings last quarter?

Cirrus Logic, Inc. (NASDAQ:CRUS) issued its earnings results on Thursday, November, 2nd. The semiconductor company reported $1.43 earnings per share for the quarter, beating the consensus estimate of $1.25 by $0.18. The semiconductor company earned $481.06 million during the quarter, compared to the consensus estimate of $457.28 million. Cirrus Logic had a trailing twelve-month return on equity of 15.11% and a net margin of 7.99%.

How will Cirrus Logic's stock buyback program work?

Cirrus Logic announced that its Board of Directors has authorized a stock repurchase program on Tuesday, August 2nd 2022, which authorizes the company to repurchase $500,000,000.00 in outstanding shares, according to EventVestor. This repurchase authorization authorizes the company to buy up to 10.7% of its shares through open market purchases. Shares repurchase programs are usually an indication that the company's board 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.

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).

Who are Cirrus Logic's major shareholders?

Cirrus Logic's stock is owned by many different institutional and retail investors. Top institutional investors include FMR LLC (14.01%), Mackenzie Financial Corp (4.48%), Wellington Management Group LLP (2.47%), LSV Asset Management (2.39%), Earnest Partners LLC (2.04%) and AQR Capital Management LLC (1.31%). Insiders that own company stock include Alan R Schuele, Alan R Schuele, Alexander M Davern, Allan Hughes, Andrew Brannan, Carl Jackson Alberty, 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.

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
This page (NASDAQ:CRUS) was last updated on 12/5/2023 by MarketBeat.com Staff

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