NASDAQ:CRUS Cirrus Logic (CRUS) Stock Forecast, Price & News $76.65 -2.88 (-3.62%) (As of 06/5/2023 ET) Add Compare Share Share Today's Range$76.10▼$78.7050-Day Range$74.29▼$109.5652-Week Range$61.94▼$111.15Volume578,344 shsAverage Volume584,959 shsMarket Capitalization$4.20 billionP/E Ratio24.97Dividend YieldN/APrice Target$100.00 ProfileProfileAnalyst RatingsChartCompetitorsEarningsFinancialsInsider TradesInstitutional OwnershipHeadlinesOptions ChainSEC FilingsShort InterestSocial MediaSustainabilityProfileAnalyst RatingsChartCompetitorsEarningsFinancialsInsider TradesInstitutional OwnershipHeadlinesOptions ChainSEC FilingsShort InterestSocial MediaSustainability Cirrus Logic MarketRank™ ForecastAnalyst RatingModerate Buy2.70 Rating ScoreUpside/Downside30.5% Upside$100.00 Price TargetShort InterestHealthy2.44% of Float Sold ShortDividend StrengthN/ASustainability-1.54Upright™ Environmental ScoreNews Sentiment0.90Based on 5 Articles This WeekInsider TradingSelling Shares$1.13 M Sold Last QuarterProj. Earnings Growth22.51%From $3.91 to $4.79 Per ShareSee Full Details Hide Full Details 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 starsComputer And Technology Sector26th out of 607 stocksSemiconductors & Related Devices Industry7th out of 89 stocks 3.4 Analyst's Opinion Consensus RatingCirrus Logic has received a consensus rating of Buy. The company's average rating score is 2.70, and is based on 8 buy ratings, 1 hold rating, and 1 sell rating.Price Target Upside/DownsideAccording to analysts' consensus price target of $100.00, Cirrus Logic has a forecasted upside of 30.5% from its current price of $76.65.Amount of Analyst CoverageCirrus Logic has only been the subject of 4 research reports in the past 90 days. Previous Next 5.0 Short Interest Percentage of Shares Shorted2.44% of the float of Cirrus Logic has been sold short.Short Interest Ratio / Days to CoverCirrus Logic has a short interest ratio ("days to cover") of 2.3, which is generally considered an acceptable ratio of short interest to trading volume.Change versus previous monthShort interest in Cirrus Logic has recently decreased by 6.99%, indicating that investor sentiment is improving significantly. Previous Next 0.0 Dividend Strength Dividend YieldCirrus Logic does not currently pay a dividend.Dividend GrowthCirrus Logic does not have a long track record of dividend growth. Previous Next 2.4 Sustainability and ESG Overall ESG (Environmental, Social, and Governance) ScoreCirrus Logic has received a 9.93% net impact score from Upright. Cirrus Logic seems to create the most significant positive value in categories "Taxes", "Jobs", and "Meaning & joy". The positive contribution in the "Meaning & joy" impact category is mostly driven by its "Audio connectors", "Audio encoders", and "Audio-frequency electric amplifiers" products. See details.Environmental SustainabilityThe Environmental Impact score for Cirrus Logic is -1.54. Previous Next 3.3 News and Social Media Coverage News SentimentCirrus Logic has a news sentiment score of 0.90. This score is calculated as an average of sentiment of articles about the company over the last seven days and ranges from 2 (good news) to -2 (bad news). This is a higher news sentiment than the 0.52 average news sentiment score of Computer and Technology companies.News Coverage This WeekMarketBeat has tracked 5 news articles for Cirrus Logic this week, compared to 4 articles on an average week.Search InterestOnly 1 people have searched for CRUS on MarketBeat in the last 30 days. This is a decrease of -89% compared to the previous 30 days.MarketBeat Follows6 people have added Cirrus Logic to their MarketBeat watchlist in the last 30 days. This is an increase of 50% compared to the previous 30 days. Previous Next 2.5 Company Ownership Insider Buying vs. Insider SellingIn the past three months, Cirrus Logic insiders have sold more of their company's stock than they have bought. Specifically, they have bought $0.00 in company stock and sold $1,125,119.00 in company stock.Percentage Held by InsidersOnly 0.89% of the stock of Cirrus Logic is held by insiders.Percentage Held by Institutions91.78% of the stock of Cirrus Logic is held by institutions. High institutional ownership can be a signal of strong market trust in this company. Previous Next 3.1 Earnings and Valuation Earnings GrowthEarnings for Cirrus Logic are expected to grow by 22.51% in the coming year, from $3.91 to $4.79 per share.Price to Earnings Ratio vs. the MarketThe P/E ratio of Cirrus Logic is 24.97, which means that it is trading at a less expensive P/E ratio than the market average P/E ratio of about 124.19.Price to Earnings Ratio vs. SectorThe P/E ratio of Cirrus Logic is 24.97, which means that it is trading at a less expensive P/E ratio than the Computer and Technology sector average P/E ratio of about 322.03.Price to Earnings Growth RatioCirrus Logic has a PEG Ratio of 12.78. PEG Ratios above 1 indicate that a company could be overvalued.Price to Book Value per Share RatioCirrus Logic has a P/B Ratio of 2.55. P/B Ratios below 3 indicates that a company is reasonably valued with respect to its assets and liabilities. Previous Next See Top Rated MarketRank™ Stocks Here About Cirrus Logic (NASDAQ:CRUS) StockCirrus 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.Read More Receive CRUS Stock News and Ratings via Email Sign-up to receive the latest news and ratings for Cirrus Logic and its competitors with MarketBeat's FREE daily newsletter. Email Address CRUS Stock News HeadlinesJune 1, 2023 | finance.yahoo.comCirrus Logic Brings Immersive Audio to PC MarketMay 24, 2023 | finance.yahoo.comCirrus Logic Nominates Duy-Loan T. Le for Election to Board of DirectorsJune 5, 2023 | Legacy Research (Affiliate) (Ad)“One-Stock Millionaire” IGNORES 99.9% of the MarketDuring 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.May 22, 2023 | msn.comLoop Capital Downgrades Cirrus Logic (CRUS)May 22, 2023 | msn.comCirrus Logic falls after Loop Capital downgrades on demand-related challengesMay 22, 2023 | finance.yahoo.comApple Stock Downgraded On Signs Of Slowing iPhone DemandMay 22, 2023 | americanbankingnews.comLoop Capital Downgrades Cirrus Logic (NASDAQ:CRUS) to HoldMay 19, 2023 | americanbankingnews.comHead-To-Head Comparison: Cirrus Logic (NASDAQ:CRUS) vs. QuickLogic (NASDAQ:QUIK)June 5, 2023 | Legacy Research (Affiliate) (Ad)“One-Stock Millionaire” IGNORES 99.9% of the MarketDuring 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.May 17, 2023 | americanbankingnews.comCirrus Logic, Inc. (NASDAQ:CRUS) Receives $102.92 Average Target Price from AnalystsMay 16, 2023 | marketwatch.comTech-stock picks that are small and focused: This fund invests in unsung innovators. Here are 2 top choices.May 16, 2023 | americanbankingnews.comCritical Analysis: Ichor (NASDAQ:ICHR) versus Cirrus Logic (NASDAQ:CRUS)May 11, 2023 | americanbankingnews.comStockNews.com Lowers Cirrus Logic (NASDAQ:CRUS) to HoldMay 8, 2023 | msn.comCirrus Logic Loses Out On New iPhone Design, Analyst Warns Of Revenue DeclineMay 8, 2023 | markets.businessinsider.comLoop Capital Markets Keeps Their Buy Rating on Cirrus Logic (CRUS)May 8, 2023 | americanbankingnews.comCirrus Logic (NASDAQ:CRUS) PT Lowered to $100.00 at TD CowenMay 8, 2023 | americanbankingnews.comSusquehanna Cuts Cirrus Logic (NASDAQ:CRUS) Price Target to $95.00May 8, 2023 | americanbankingnews.comSusquehanna Trims Cirrus Logic (NASDAQ:CRUS) Target Price to $95.00May 5, 2023 | msn.comBarclays Maintains Cirrus Logic (CRUS) Overweight RecommendationMay 5, 2023 | msn.comNeedham Maintains Cirrus Logic (CRUS) Buy RecommendationMay 5, 2023 | markets.businessinsider.comWhat 6 Analyst Ratings Have To Say About Cirrus LogicMay 5, 2023 | finance.yahoo.comCirrus Logic (CRUS) Q4 Earnings Top Estimates, Down Y/YMay 5, 2023 | markets.businessinsider.comAnalysts Conflicted on These Technology Names: Cirrus Logic (CRUS) and DoorDash (DASH)May 5, 2023 | markets.businessinsider.comSusquehanna Reaffirms Their Buy Rating on Cirrus Logic (CRUS)May 5, 2023 | americanbankingnews.comCirrus Logic (NASDAQ:CRUS) Price Target Cut to $90.00May 4, 2023 | seekingalpha.comCirrus Logic, Inc. 2023 Q4 - Results - Earnings Call PresentationMay 4, 2023 | markets.businessinsider.comCirrus Logic Inc. Q4 Earnings SummarySee More Headlines CRUS Price History View Price History Chart DataSkip Price History Chart 30 days | 90 days | 365 days | Advanced Chart CRUS Company Calendar Last Earnings2/02/2023Today6/05/2023Next Earnings (Estimated)8/01/2023Fiscal Year End3/31/2024Get Stock AlertsIndustry, Sector and Symbol Stock ExchangeNASDAQ Industry Semiconductors & related devices Sub-IndustrySemiconductors SectorComputer and Technology Current SymbolNASDAQ:CRUS CUSIP17275510 CIK772406 Webwww.cirrus.com Phone(512) 851-4000Fax800-888-5016Employees1,702Year Founded1984Price 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 RatingModerate Buy Rating Score (0-4)2.70 Research Coverage10 Analysts Profitability EPS (Most Recent Fiscal Year)$3.07 Trailing P/E Ratio25.01 Forward P/E Ratio19.64 P/E Growth12.78Net Income$176.70 million Net Margins9.31% Pretax Margin13.42% Return on Equity18.07% Return on Assets14.10% Debt Debt-to-Equity RatioN/A Current Ratio4.70 Quick Ratio3.63 Sales & Book Value Annual Sales$1.90 billion Price / Sales2.22 Cash Flow$7.96 per share Price / Cash Flow9.65 Book Value$30.01 per share Price / Book2.56Miscellaneous Outstanding Shares54,810,000Free Float54,326,000Market Cap$4.21 billion OptionableOptionable Beta0.97 Social Links Key ExecutivesJohn ForsythChief Executive OfficerVenkatesh R. NathamuniChief Financial OfficerJeffrey W. BaumgartnerVice President-Research & DevelopmentAllan William HughesVice President-Information TechnologyGregory Scott ThomasSecretary, Senior Vice President & General CounselKey CompetitorsMACOM Technology SolutionsNASDAQ:MTSIDiodesNASDAQ:DIODSilicon LaboratoriesNASDAQ:SLABPower IntegrationsNASDAQ:POWIAmbarellaNASDAQ:AMBAView All CompetitorsInsiders & InstitutionsOntario Teachers Pension Plan BoardBought 12,780 shares on 6/1/2023Ownership: 0.071%ProShare Advisors LLCSold 1,779 shares on 5/26/2023Ownership: 0.013%Toroso Investments LLCBought 6,095 shares on 5/23/2023Ownership: 0.011%Ameriprise Financial Inc.Sold 99,835 shares on 5/22/2023Ownership: 1.164%New York State Common Retirement FundSold 1,988 shares on 5/18/2023Ownership: 0.104%View All Insider TransactionsView All Institutional Transactions 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. What ETFs hold Cirrus Logic's stock? ETFs with the largest weight of Cirrus Logic (NASDAQ:CRUS) stock in their portfolio include SPDR S&P Semiconductor ETF (XSD), Invesco Dynamic Semiconductors ETF (PSI), First Trust Nasdaq Semiconductor ETF (FTXL), First Trust Technology AlphaDEX Fund (FXL), Pacer US Large Cap Cash Cows Growth Leaders ETF (COWG), Fidelity Metaverse ETF (FMET), Defiance Quantum ETF (QTUM) and Invesco S&P MidCap 400 Pure Growth ETF (RFG). 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 Adding Choose a watchlist: Watchlist Adding You have already added five stocks to your watchlist. Upgrade to MarketBeat All Access to add more stocks to your watchlist. Adding Cirrus Logic, Inc. Please log in to your account or sign up in order to add this asset to your watchlist. Get 30 Days of MarketBeat All Access Free Sign up for MarketBeat All Access to gain access to MarketBeat's full suite of research tools: Best-in-Class Portfolio Monitoring View the latest news, buy/sell ratings, SEC filings and insider transactions for your stocks. Compare your portfolio performance to leading indices and get personalized stock ideas based on your portfolio. 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