Cirrus Logic - CRUS Stock Forecast, Price & News

7 Wall Street equities research analysts have issued "buy," "hold," and "sell" ratings for Cirrus Logic in the last twelve months. There are currently 1 sell rating and 6 buy ratings for the stock. The consensus among Wall Street equities research analysts is that investors should "buy" CRUS shares.
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7 analysts have issued twelve-month price objectives for Cirrus Logic's shares. Their CRUS share price forecasts range from $80.00 to $120.00. On average, they predict the company's share price to reach $102.60 in the next year. This suggests a possible upside of 43.1% from the stock's current price.
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Cirrus Logic's stock was trading at $92.02 at the beginning of the year. Since then, CRUS stock has decreased by 22.1% and is now trading at $71.69.
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The company is scheduled to release its next quarterly earnings announcement on Monday, November 7th 2022.
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Cirrus Logic, Inc. (NASDAQ:CRUS) released its quarterly earnings data on Tuesday, August, 2nd. The semiconductor company reported $0.85 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.65 by $0.20. The semiconductor company had revenue of $393.64 million for the quarter, compared to analysts' expectations of $370.20 million. Cirrus Logic had a trailing twelve-month return on equity of 24.68% and a net margin of 18.38%.

Cirrus Logic announced that its Board of Directors has authorized a share repurchase program on Tuesday, August 2nd 2022, which allows the company to buyback $500,000,000.00 in outstanding shares, according to EventVestor. This buyback authorization allows the company to buy up to 10.7% of its stock through open market purchases. Stock buyback programs are usually a sign that the company's board believes its shares are undervalued.

Cirrus Logic updated its second quarter 2023 earnings guidance on Tuesday, August, 9th. The company provided EPS guidance of for the period. The company issued revenue guidance of $450.00 million-$490.00 million, compared to the consensus revenue estimate of $470.69 million.

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.

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).

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

Cirrus Logic's stock is owned by a number of retail and institutional investors. Top institutional shareholders include Bowling Portfolio Management LLC (0.03%). 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.
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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.
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One share of CRUS stock can currently be purchased for approximately $71.69.

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 $5.92 on an earnings per share basis.

The company employs 1,591 workers across the globe.

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.