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

$64.04
+2.12 (+3.42 %)
(As of 03/31/2020 06:54 AM ET)
Today's Range
$62.00
Now: $64.04
$65.14
50-Day Range
$50.55
MA: $68.39
$81.74
52-Week Range
$37.24
Now: $64.04
$91.63
Volume862,771 shs
Average Volume992,667 shs
Market Capitalization$3.75 billion
P/E Ratio24.82
Dividend YieldN/A
Beta1.1
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. The company also provides SoundClear technology, which consists of a portfolio of tools, software, and algorithms that offer enhanced voice quality, voice capture, and audio playback features. It provides its products for portable applications, including smartphones, tablets, digital headsets, and speakers, as well as for wearables, such as smart watches and smart bands, VR headsets, and action cameras. The company's products are also used in laptops, audio/video receivers, home theater systems, set-up boxes, musical instruments, and professional audio products applications; and serve the automotive market, which include satellite radio systems, telematics, and multi-speaker car-audio systems. In addition, the company's products are used in industrial and energy-related applications, including digital utility meter, power supply, energy control, energy measurement, and energy exploration applications. It markets and sells its products through direct sales force, external sales representatives, and distributors in the United States and internationally. Cirrus Logic, Inc. was founded in 1984 and is headquartered in Austin, Texas.
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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$3.61 per share
Book Value$19.28 per share

Profitability

Net Income$89.99 million

Miscellaneous

Employees1,551
Market Cap$3.75 billion
Next Earnings Date5/6/2020 (Estimated)
OptionableOptionable

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Cirrus Logic (NASDAQ:CRUS) Frequently Asked Questions

How has Cirrus Logic's stock been impacted by COVID-19 (Coronavirus)?

Cirrus Logic's stock was trading at $62.76 on March 11th, 2020 when COVID-19 reached pandemic status according to the World Health Organization. Since then, CRUS stock has increased by 2.0% and is now trading at $64.04. View which stocks have been mosted impacted by Coronavirus.

Do Wall Street analysts recommend investors buy shares of 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, 3 hold ratings and 5 buy ratings for the stock, resulting in a consensus recommendation of "Hold." View analyst ratings for Cirrus Logic.

When is Cirrus Logic's next earnings date?

Cirrus Logic is scheduled to release its next quarterly earnings announcement on Wednesday, May 6th 2020. View our earnings forecast for Cirrus Logic.

How were Cirrus Logic's earnings last quarter?

Cirrus Logic, Inc. (NASDAQ:CRUS) released its quarterly earnings data on Wednesday, January, 29th. The semiconductor company reported $1.41 EPS for the quarter, topping analysts' consensus estimates 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 return on equity of 15.06% and a net margin of 12.52%. The company's quarterly revenue was up 15.5% on a year-over-year basis. During the same period in the previous year, the business earned $0.91 EPS. View Cirrus Logic's earnings history.

How will Cirrus Logic's stock buyback program work?

Cirrus Logic declared that its board has authorized a stock repurchase program on Wednesday, January 30th 2019, which permits the company to repurchase $200,000,000.00 in outstanding shares, according to EventVestor. This repurchase authorization permits the company to buy up to 8.9% of its stock through open market purchases. Stock repurchase programs are generally an indication that the company's management believes its stock is undervalued.

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 earnings per share (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 stock price to reach $77.78 in the next twelve months. This suggests a possible upside of 21.5% from the stock's current price. View analysts' price targets for Cirrus Logic.

Has Cirrus Logic been receiving favorable news coverage?

News articles about CRUS stock have been trending very negative on Tuesday, InfoTrie Sentiment Analysis reports. The research group identifies positive and negative media coverage by analyzing more than six thousand news and blog sources in real time. The firm ranks coverage of public companies on a scale of -5 to 5, with scores nearest to five being the most favorable. Cirrus Logic earned a media sentiment score of -3.7 on InfoTrie's scale. They also gave media headlines about the semiconductor company a news buzz of 10.0 out of 10, meaning that recent media coverage is extremely likely to have an effect on the stock's share price in the immediate future. View the latest news aboutCirrus Logic.

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), Alphabet (GOOG) and Walt Disney (DIS).

Who are Cirrus Logic's key executives?

Cirrus Logic's management team includes the following 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)

What is Cirrus Logic's stock symbol?

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

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 $64.04.

How big of a company is Cirrus Logic?

Cirrus Logic has a market capitalization of $3.75 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:  665 (Vote Outperform)
Underperform Votes:  468 (Vote Underperform)
Total Votes:  1,133
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 3/31/2020 by MarketBeat.com Staff

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