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NASDAQ:CRUS

Cirrus Logic (CRUS) Stock Price, News & Analysis

$123.74
+4.01 (+3.35%)
(As of 06/12/2024 ET)
Today's Range
$120.38
$124.86
50-Day Range
$82.02
$119.73
52-Week Range
$65.02
$124.86
Volume
493,049 shs
Average Volume
438,530 shs
Market Capitalization
$6.61 billion
P/E Ratio
25.10
Dividend Yield
N/A
Price Target
$107.86

Cirrus Logic MarketRank™ Stock Analysis

Analyst Rating
Moderate Buy
2.86 Rating Score
Upside/​Downside
12.8% Downside
$107.86 Price Target
Short Interest
Healthy
1.61% of Float Sold Short
Dividend Strength
N/A
Sustainability
-1.54
Upright™ Environmental Score
News Sentiment
1.08mentions of Cirrus Logic in the last 14 days
Based on 10 Articles This Week
Insider Trading
Selling Shares
$773,950 Sold Last Quarter
Proj. Earnings Growth
12.26%
From $4.73 to $5.31 Per Share

Overall MarketRank

New Rank-Based ScoringMarketRank is calculated by averaging available category scores (with extra weight given to analysis and valuation), then ranking the company's weighted average against that of other companies.

4.37 out of 5 stars

Computer And Technology Sector

98th out of 587 stocks

Semiconductors & Related Devices Industry

19th out of 87 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 amplifiers; 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 integrated digital signal processing; 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 for use 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 smartphones, as well as 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

Cirrus Logic to Present at Upcoming Conferences
3 Breakout Stocks to Transform $5,000 Into $50,000
Jacobs Appoints Venk Nathamuni As CFO
Cirrus Logic CFO Venk Nathamuni Resigns
Cirrus Logic Announces CFO Transition
Cracking The Code: Understanding Analyst Reviews For Cirrus Logic
Cirrus Logic Beats Wall Street Again And More
Why Cirrus Logic Stock Soared Today
See More Headlines
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Company Calendar

Last Earnings
5/07/2024
Today
6/13/2024
Next Earnings (Estimated)
8/01/2024
Fiscal Year End
3/31/2025

Industry, Sector and Symbol

Industry
Semiconductors & related devices
Sub-Industry
Semiconductors
Current Symbol
NASDAQ:CRUS
CUSIP
17275510
Employees
1,625
Year Founded
1984

Price Target and Rating

Average Stock Price Target
$107.86
High Stock Price Target
$120.00
Low Stock Price Target
$80.00
Potential Upside/Downside
-12.8%
Consensus Rating
Moderate Buy
Rating Score (0-4)
2.86
Research Coverage
7 Analysts

Profitability

Net Income
$274.57 million
Pretax Margin
20.34%

Debt

Sales & Book Value

Annual Sales
$1.79 billion
Cash Flow
$6.45 per share
Book Value
$33.71 per share

Miscellaneous

Free Float
52,906,000
Market Cap
$6.61 billion
Optionable
Optionable
Beta
0.97

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CRUS Stock Analysis - Frequently Asked Questions

Should I buy or sell Cirrus Logic stock right now?

7 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Cirrus Logic in the last twelve months. There are currently 1 hold rating and 6 buy ratings for the stock. The consensus among Wall Street analysts is that investors should "moderate buy" CRUS shares.
View CRUS analyst ratings
or view top-rated stocks.

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

7 brokers have issued twelve-month price objectives for Cirrus Logic's stock. Their CRUS share price targets range from $80.00 to $120.00. On average, they predict the company's stock price to reach $107.86 in the next year. This suggests that the stock has a possible downside of 12.8%.
View analysts price targets for CRUS
or view top-rated stocks among Wall Street analysts.

How have CRUS shares performed in 2024?

Cirrus Logic's stock was trading at $83.19 on January 1st, 2024. Since then, CRUS stock has increased by 48.7% and is now trading at $123.74.
View the best growth stocks for 2024 here
.

When is Cirrus Logic's next earnings date?

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

How were Cirrus Logic's earnings last quarter?

Cirrus Logic, Inc. (NASDAQ:CRUS) released its quarterly earnings data on Tuesday, May, 7th. The semiconductor company reported $0.84 EPS for the quarter, topping analysts' consensus estimates of $0.36 by $0.48. The semiconductor company had revenue of $371.83 million for the quarter, compared to the consensus estimate of $320.14 million. Cirrus Logic had a trailing twelve-month return on equity of 16.49% and a net margin of 15.35%.

How will Cirrus Logic's stock buyback program work?

Cirrus Logic announced that its board has authorized a stock buyback program on Tuesday, August 2nd 2022, which permits the company to buyback $500,000,000.00 in shares, according to EventVestor. This buyback authorization permits the company to reacquire up to 10.7% of its stock through open market purchases. Stock buyback programs are generally an indication that the company's leadership believes its shares are undervalued.

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

Cirrus Logic issued an update on its first quarter 2025 earnings guidance on Wednesday, May, 8th. The company provided earnings per share (EPS) guidance of for the period. The company issued revenue guidance of $290.0 million-$350.0 million, compared to the consensus revenue estimate of $302.7 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).

Who are Cirrus Logic's major shareholders?

Cirrus Logic's stock is owned by a variety of retail and institutional investors. Top institutional shareholders include Vanguard Group Inc. (11.81%), LSV Asset Management (2.61%), Earnest Partners LLC (2.45%), Sei Investments Co. (1.29%), Acadian Asset Management LLC (0.85%) and Jacobs Levy Equity Management Inc. (0.78%). 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 Forsyth, Justin E Dougherty, Scott Arnold Anderson, Scott Thomas, Thurman K Case, Timothy R Dehne and Venkatesh Nathamuni.
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 Charles Schwab, E*TRADE, Fidelity, and Vanguard Brokerage Services.
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 6/13/2024 by MarketBeat.com Staff

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