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NASDAQ:CRUS - Cirrus Logic Stock Price, Forecast & News

$77.22
-1.55 (-1.97 %)
(As of 02/23/2020 04:00 PM ET)
Today's Range
$77.11
Now: $77.22
$78.51
50-Day Range
$76.81
MA: $81.80
$86.04
52-Week Range
$37.24
Now: $77.22
$91.63
Volume620,330 shs
Average Volume829,299 shs
Market Capitalization$4.53 billion
P/E Ratio29.93
Dividend YieldN/A
Beta1.11
Cirrus Logic, Inc, a fabless semiconductor company, develops, manufactures, and markets analog and mixed-signal integrated circuits (ICs) for a range of consumer and industrial markets. The company offers portable and non-portable audio, and other products. Its products include analog and mixed-signal audio converters, and digital signal processing products for mobile applications; codecs-chips that integrate analog-to-digital converters and digital-to-analog converters into a single IC; smart codecs, a codec with digital signal processer; boosted amplifiers; micro-electromechanical systems microphones; digital interface products; and standalone digital signal processors. Read More…

Industry, Sector and Symbol

Industry Semiconductors & related devices
Sub-IndustrySemiconductors
SectorComputer and Technology
Current SymbolNASDAQ:CRUS
CUSIP17275510
Phone512-851-4000

Debt

Price-To-Earnings

Sales & Book Value

Annual Sales$1.19 billion
Cash Flow$3.42 per share
Book Value$21.49 per share

Profitability

Net Income$89.99 million

Miscellaneous

Employees1,551
Market Cap$4.53 billion
Next Earnings Date5/6/2020 (Estimated)
OptionableOptionable

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Cirrus Logic (NASDAQ:CRUS) Frequently Asked Questions

What is Cirrus Logic's stock symbol?

Cirrus Logic trades on the NASDAQ under the ticker symbol "CRUS."

How will Cirrus Logic's stock buyback program work?

Cirrus Logic announced that its Board of Directors has authorized a share buyback program on Wednesday, January 30th 2019, which allows the company to repurchase $200,000,000.00 in shares, according to EventVestor. This repurchase authorization allows the company to purchase up to 8.9% of its stock through open market purchases. Stock repurchase programs are often an indication that the company's board believes its stock is undervalued.

How were Cirrus Logic's earnings last quarter?

Cirrus Logic, Inc. (NASDAQ:CRUS) posted its quarterly earnings results on Wednesday, January, 29th. The semiconductor company reported $1.41 earnings per share (EPS) for the quarter, beating the Thomson Reuters' consensus estimate of $1.14 by $0.27. The semiconductor company earned $374.67 million during the quarter, compared to analysts' expectations of $345.33 million. Cirrus Logic had a net margin of 12.52% and a return on equity of 15.06%. Cirrus Logic's quarterly revenue was up 15.5% on a year-over-year basis. During the same period in the prior year, the company earned $0.91 EPS. View Cirrus Logic's Earnings History.

When is Cirrus Logic's next earnings date?

Cirrus Logic is scheduled to release their next quarterly earnings announcement on Wednesday, May 6th 2020. View Earnings Estimates for Cirrus Logic.

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

Cirrus Logic issued an update on its fourth quarter 2020 After-Hours earnings guidance on Wednesday, January, 29th. The company provided EPS guidance of for the period. The company issued revenue guidance of $250-290 million, compared to the consensus revenue estimate of $245.68 million.

What price target have analysts set for CRUS?

9 analysts have issued 12-month target prices for Cirrus Logic's shares. Their forecasts range from $55.00 to $100.00. On average, they anticipate Cirrus Logic's share price to reach $77.78 in the next year. This suggests a possible upside of 0.7% from the stock's current price. View Analyst Price Targets for Cirrus Logic.

What is the consensus analysts' recommendation for Cirrus Logic?

9 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Cirrus Logic in the last year. There are currently 1 sell rating, 4 hold ratings and 4 buy ratings for the stock, resulting in a consensus recommendation of "Hold." View Analyst Ratings for Cirrus Logic.

Has Cirrus Logic been receiving favorable news coverage?

Media headlines about CRUS stock have been trending somewhat negative recently, InfoTrie reports. The research firm ranks the sentiment of media coverage by monitoring more than six thousand blog and news sources. The firm ranks coverage of public companies on a scale of -5 to 5, with scores closest to five being the most favorable. Cirrus Logic earned a news sentiment score of -1.8 on InfoTrie's scale. They also assigned news stories about the semiconductor company a news buzz of 0.0 out of 10, meaning that recent media coverage is extremely unlikely to have an impact on the stock's share price in the near term. View News Stories for Cirrus Logic.

Are investors shorting Cirrus Logic?

Cirrus Logic saw a drop in short interest in January. As of January 31st, there was short interest totalling 3,620,000 shares, a drop of 16.4% from the January 15th total of 4,330,000 shares. Based on an average daily volume of 729,700 shares, the short-interest ratio is currently 5.0 days. Currently, 6.3% of the company's shares are short sold. View Cirrus Logic's Current Options Chain.

Who are some of Cirrus Logic's key competitors?

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), Micron Technology (MU), NVIDIA (NVDA), Netflix (NFLX), CA (CA), Intel (INTC), Alibaba Group (BABA), Skyworks Solutions (SWKS), Bank of America (BAC) and Alphabet (GOOG).

Who are Cirrus Logic's key executives?

Cirrus Logic's management team includes the folowing people:
  • Dr. Jason P. Rhode, Pres, CEO & Director (Age 49)
  • Mr. Thurman K. Case, CFO, Chief Accounting Officer & VP (Age 62)
  • Mr. Gregory Scott Thomas, Sr. VP, Gen. Counsel & Corp. Sec. (Age 53)
  • Ms. Jo-Dee M. Benson, Chief Culture Officer & VP (Age 59)
  • Mr. Scott A. Anderson, Sr. VP of Supply Chain & Engineering Operations (Age 65)

Who are Cirrus Logic's major shareholders?

Cirrus Logic's stock is owned by many different of retail and institutional investors. Top institutional investors include FMR LLC (6.96%), LSV Asset Management (3.82%), State Street Corp (3.50%), AQR Capital Management LLC (3.19%), Geode Capital Management LLC (1.81%) and Acadian Asset Management LLC (1.44%). Company insiders that own Cirrus Logic stock include Bradley J Fluke, David J Tupman, Jason P Rhode, John C Carter, John Forsyth, Randolph K Carlson, Scott Arnold Anderson, Scott Thomas, Thurman K Case, Timothy R Dehne and William D Sherman. View Institutional Ownership Trends for Cirrus Logic.

Which major investors are selling Cirrus Logic stock?

CRUS stock was sold by a variety of institutional investors in the last quarter, including AQR Capital Management LLC, LSV Asset Management, Bank of America Corp DE, Prudential Financial Inc., Man Group plc, KBC Group NV, Commerzbank Aktiengesellschaft FI and Royce & Associates LP. Company insiders that have sold Cirrus Logic company stock in the last year include Bradley J Fluke, David J Tupman, Jason P Rhode, John C Carter, John Forsyth, Scott Arnold Anderson, Scott Thomas, Thurman K Case and Timothy R Dehne. View Insider Buying and Selling for Cirrus Logic.

Which major investors are buying Cirrus Logic stock?

CRUS stock was bought by a variety of institutional investors in the last quarter, including FMR LLC, Lord Abbett & CO. LLC, Acadian Asset Management LLC, DNB Asset Management AS, AXA, Jacobs Levy Equity Management Inc., Public Sector Pension Investment Board and MERIAN GLOBAL INVESTORS UK Ltd. View Insider Buying and Selling for Cirrus Logic.

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 Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Robinhood, Fidelity and Charles Schwab.

What is Cirrus Logic's stock price today?

One share of CRUS stock can currently be purchased for approximately $77.22.

How big of a company is Cirrus Logic?

Cirrus Logic has a market capitalization of $4.53 billion and generates $1.19 billion in revenue each year. The semiconductor company earns $89.99 million in net income (profit) each year or $2.05 on an earnings per share basis. Cirrus Logic employs 1,551 workers across the globe.View Additional Information About Cirrus Logic.

What is Cirrus Logic's official website?

The official website for Cirrus Logic is http://www.cirrus.com/.

How can I contact Cirrus Logic?

Cirrus Logic's mailing address is 800 WEST 6TH STREET, AUSTIN TX, 78701. The semiconductor company can be reached via phone at 512-851-4000 or via email at [email protected]


MarketBeat Community Rating for Cirrus Logic (NASDAQ CRUS)

Community Ranking:  2.9 out of 5 (star star)
Outperform Votes:  658 (Thanks for Voting!)
Underperform Votes:  462 (Thanks for Voting!)
Total Votes:  1,120
MarketBeat's community ratings are surveys of what our community members think about Cirrus Logic and other stocks. Vote "Outperform" if you believe CRUS will outperform the S&P 500 over the long term. Vote "Underperform" if you believe CRUS will underperform the S&P 500 over the long term. You may vote once every thirty days.
This page was last updated on 2/23/2020 by MarketBeat.com Staff

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