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DOW   33,849.46
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"The Most Critical Metal for Global Economies" (Ad)
China virus protests hit Hong Kong after mainland rallies
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The Humble Mineral at the Heart of the EV Revolution (Not Lithium) (Ad)
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Impeachment talk at Trump Org. trial: Did witness misspeak?
S&P 500   3,963.94
DOW   33,849.46
QQQ   282.71
Wall Street slips as lockdown protests spread in China
"The Most Critical Metal for Global Economies" (Ad)
China virus protests hit Hong Kong after mainland rallies
Need To Cut Costs? Start With These 10 Money Saving Ideas
The Humble Mineral at the Heart of the EV Revolution (Not Lithium) (Ad)
Is Snowflake Poised for A Rebound After Its Recent Tumble?
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Check Into The Hotel Rebound With These Welcoming Stocks
Impeachment talk at Trump Org. trial: Did witness misspeak?
S&P 500   3,963.94
DOW   33,849.46
QQQ   282.71
Wall Street slips as lockdown protests spread in China
"The Most Critical Metal for Global Economies" (Ad)
China virus protests hit Hong Kong after mainland rallies
Need To Cut Costs? Start With These 10 Money Saving Ideas
The Humble Mineral at the Heart of the EV Revolution (Not Lithium) (Ad)
Is Snowflake Poised for A Rebound After Its Recent Tumble?
China’s Zero-COVID Restrictions Can’t Stop JD.com
The Humble Mineral at the Heart of the EV Revolution (Not Lithium) (Ad)
Check Into The Hotel Rebound With These Welcoming Stocks
Impeachment talk at Trump Org. trial: Did witness misspeak?
NASDAQ:CRUS

Cirrus Logic - CRUS Stock Forecast, Price & News

$72.85
-2.26 (-3.01%)
(As of 11/28/2022 12:00 AM ET)
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Compare
Today's Range
$72.51
$74.87
50-Day Range
$63.88
$77.86
52-Week Range
$61.94
$95.84
Volume
468,790 shs
Average Volume
577,654 shs
Market Capitalization
$4.01 billion
P/E Ratio
12.12
Dividend Yield
N/A
Price Target
$96.78

Cirrus Logic MarketRank™ Forecast

Analyst Rating
Moderate Buy
2.50 Rating Score
Upside/​Downside
32.8% Upside
$96.78 Price Target
Short Interest
Healthy
3.17% of Float Sold Short
Dividend Strength
N/A
Sustainability
-1.74
Upright™ Environmental Score
News Sentiment
1.10mentions of Cirrus Logic in the last 14 days
Based on 3 Articles This Week
Insider Trading
N/A
Proj. Earnings Growth
7.00%
From $5.00 to $5.35 Per Share

Overall MarketRank

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

2.60 out of 5 stars

Computer And Technology Sector

261st out of 631 stocks

Semiconductors & Related Devices Industry

36th out of 94 stocks

CRUS stock logo

About Cirrus Logic (NASDAQ:CRUS) Stock

Cirrus Logic, Inc., a fabless semiconductor company, provides low-power and high-precision mixed-signal processing solutions in the United States and internationally. It offers portable 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 processer; boosted amplifiers; 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, hearing augmentation, and active noise cancellation. The company's audio products are used in smartphones, tablets, wireless headsets, laptops, AR/VR headsets, home theater systems, automotive entertainment systems, and professional audio systems. It also provides high-performance mixed-signal products, such as haptic driver and sensing solutions, camera controllers, power conversion, and control ICs and fast-charging ICs used in various industrial and energy applications comprising 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.

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CRUS Stock News Headlines

Power Integrations Stock Can Power Your Portfolio (CRUS)
Power Integrations (NASDAQ: POWI) is a supplier of analog and mixed signal integrated circuits (IC) and high-performance electronic components for the power
Semiconducter Weekly News Briefing
Barclays Lowers Cirrus Logic (NASDAQ:CRUS) Price Target to $85.00
Cirrus Q2 Results Top Estimates; Shares Jump
Cirrus Logic: The Outlook Gets More Hazy
CRUS Cirrus Logic, Inc.
Cirrus Logic Inc CRUS Stock Quote
Cirrus Logic Becomes Oversold (CRUS)
See More Headlines
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CRUS Company Calendar

Last Earnings
10/31/2021
Today
11/28/2022
Next Earnings (Estimated)
1/30/2023
Fiscal Year End
3/31/2023

Industry, Sector and Symbol

Industry
Semiconductors & related devices
Sub-Industry
Semiconductors
Current Symbol
NASDAQ:CRUS
CUSIP
17275510
Employees
1,591
Year Founded
1984

Price Target and Rating

Average Stock Price Forecast
$96.78
High Stock Price Forecast
$120.00
Low Stock Price Forecast
$80.00
Forecasted Upside/Downside
+32.8%
Consensus Rating
Moderate Buy
Rating Score (0-4)
2.50
Research Coverage
4 Analysts

Profitability

Net Income
$326.36 million
Pretax Margin
21.54%

Debt

Sales & Book Value

Annual Sales
$1.78 billion
Cash Flow
$7.07 per share
Book Value
$27.93 per share

Miscellaneous

Free Float
54,571,000
Market Cap
$4.01 billion
Optionable
Optionable
Beta
0.96

Social Links


Key Executives

  • Mr. John M. ForsythMr. John M. Forsyth (Age 48)
    CEO, Pres & Director
    Comp: $2.12M
  • Mr. Gregory Scott Thomas (Age 56)
    Sr. VP, Gen. Counsel & Corp. Sec.
    Comp: $1.15M
  • Mr. Andrew BrannanMr. Andrew Brannan (Age 55)
    VP of Worldwide Sales
    Comp: $1.13M
  • Mr. Thurman K. CaseMr. Thurman K. Case (Age 65)
    Advisor
    Comp: $1.21M
  • Mr. Venkatesh R. Nathamuni
    Chief Financial Officer
  • Ms. Jonanna Mikulenka
    Chief Accounting Officer
  • Ms. Chelsea Heffernan
    Director of Investor Relations
  • Mr. David Biven
    Director of Corp. Devel.
  • Ms. Denise Grode
    Chief HR Officer
  • Mr. Scott A. Anderson (Age 68)
    Sr. VP of Supply Chain













CRUS Stock - Frequently Asked Questions

Should I buy or sell Cirrus Logic stock right now?

4 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Cirrus Logic in the last year. There are currently 1 sell rating and 3 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?

4 Wall Street analysts have issued twelve-month price targets for Cirrus Logic's shares. Their CRUS share price forecasts range from $80.00 to $120.00. On average, they anticipate the company's share price to reach $96.78 in the next year. This suggests a possible upside of 32.8% 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 2022?

Cirrus Logic's stock was trading at $92.02 on January 1st, 2022. Since then, CRUS shares have decreased by 20.8% and is now trading at $72.85.
View the best growth stocks for 2022 here
.

Are investors shorting Cirrus Logic?

Cirrus Logic saw a decrease in short interest during the month of November. As of November 15th, there was short interest totaling 1,730,000 shares, a decrease of 17.6% from the October 31st total of 2,100,000 shares. Based on an average daily trading volume, of 546,500 shares, the days-to-cover ratio is currently 3.2 days. Currently, 3.2% of the shares of the company are sold short.
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 Monday, January 30th 2023.
View our CRUS earnings forecast
.

How were Cirrus Logic's earnings last quarter?

Cirrus Logic, Inc. (NASDAQ:CRUS) announced its quarterly earnings results on Sunday, October, 31st. The semiconductor company reported $1.82 earnings per share for the quarter, beating the consensus estimate of $1.63 by $0.19. The semiconductor company earned $465.89 million during the quarter, compared to the consensus estimate of $450.38 million. Cirrus Logic had a net margin of 17.79% and a trailing twelve-month return on equity of 23.97%. The firm's quarterly revenue was up 34.1% compared to the same quarter last year. During the same period in the previous year, the business earned $1.07 EPS.

How will Cirrus Logic's stock buyback program work?

Cirrus Logic announced that its Board of Directors has initiated a share buyback plan on Tuesday, August 2nd 2022, which allows the company to buyback $500,000,000.00 in shares, according to EventVestor. This buyback authorization allows the company to reacquire up to 10.7% of its shares through open market purchases. Shares buyback plans are usually 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 updated its third quarter 2023 earnings guidance on Tuesday, November, 8th. The company provided EPS guidance of for the period. The company issued revenue guidance of $520.00 million-$580.00 million, compared to the consensus revenue estimate of $543.42 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 retail and institutional investors. Top institutional investors include Vanguard Group Inc. (11.05%), BlackRock Inc. (9.40%), Mackenzie Financial Corp (4.88%), State Street Corp (3.64%), Dimensional Fund Advisors LP (2.58%) and Macquarie Group Ltd. (1.86%). Insiders that own company stock include Alan R Schuele, Alan R Schuele, Alexander M Davern, Allan Hughes, Andrew Brannan, Bradley J Fluke, 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 $72.85.

How much money does Cirrus Logic make?

Cirrus Logic (NASDAQ:CRUS) has a market capitalization of $4.01 billion and generates $1.78 billion in revenue each year. The semiconductor company earns $326.36 million in net income (profit) each year or $6.01 on an earnings per share basis.

How many employees does Cirrus Logic have?

The company employs 1,591 workers across the globe.

Does Cirrus Logic have any subsidiaries?
The following companies are subsidiares of Cirrus Logic: Acoustic Technologies, Apex Microtechnology, AudioLogic Inc., CYPHER, Caretta Integrated Circuits, Cirrus Logic International (UK) Ltd., Cirrus Logic International Holdings Ltd., Cirrus Logic International Semiconductor Ltd., Cirrus Logic UK International Holding Co. Ltd., LuxSonor Semiconductors, Opalum, Peak Audio, Sharewave, 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 11/29/2022 by MarketBeat.com Staff