Cirrus Logic Stock Forecast, Price & News

11 Wall Street research analysts have issued "buy," "hold," and "sell" ratings for Cirrus Logic in the last year. There are currently 4 hold ratings and 7 buy ratings for the stock. The consensus among Wall Street research analysts is that investors should "buy" Cirrus Logic stock.
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Cirrus Logic is scheduled to release its next quarterly earnings announcement on Thursday, April 29th 2021.
View our earnings forecast for Cirrus Logic.

Cirrus Logic will be holding an earnings conference call on Thursday, April 29th at 12:00 AM Eastern. Interested parties can register for or listen to the call using this link or dial in at Not Available.

Cirrus Logic, Inc. (NASDAQ:CRUS) issued its earnings results on Sunday, January, 31st. The semiconductor company reported $2.13 earnings per share (EPS) for the quarter, beating the Thomson Reuters' consensus estimate of $1.86 by $0.27. The semiconductor company earned $485.80 million during the quarter, compared to analyst estimates of $462.75 million. Cirrus Logic had a trailing twelve-month return on equity of 14.92% and a net margin of 12.57%. During the same quarter in the previous year, the firm posted $1.41 EPS.
View Cirrus Logic's earnings history.

Cirrus Logic's stock was trading at $62.76 on March 11th, 2020 when Coronavirus reached pandemic status according to the World Health Organization. Since then, CRUS stock has increased by 36.7% and is now trading at $85.79.
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Cirrus Logic announced that its Board of Directors has initiated a stock repurchase plan on Monday, February 1st 2021, which allows the company to buyback $350,000,000.00 in shares, according to EventVestor. This buyback authorization allows the company to purchase up to 6.2% of its stock through open market purchases. Stock buyback plans are generally an indication that the company's management believes its shares are undervalued.

Cirrus Logic issued an update on its fourth quarter 2021 After-Hours earnings guidance on Monday, February, 1st. The company provided EPS guidance of for the period. The company issued revenue guidance of $280-320 million, compared to the consensus revenue estimate of $297.84 million.

11 brokers have issued 12-month price objectives for Cirrus Logic's stock. Their forecasts range from $80.00 to $115.00. On average, they anticipate Cirrus Logic's stock price to reach $102.50 in the next twelve months. This suggests a possible upside of 19.5% from the stock's current price.
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117 employees have rated Cirrus Logic CEO Jason P. Rhode on Glassdoor.com. Jason P. Rhode has an approval rating of 92% among Cirrus Logic's employees. This puts Jason P. Rhode in the top 30% of approval ratings compared to other CEOs of publicly-traded companies.

Some companies that are related to Cirrus Logic include NVIDIA (NVDA), Intel (INTC), Broadcom (AVGO), Texas Instruments (TXN), Micron Technology (MU), Analog Devices (ADI), Microchip Technology (MCHP), Marvell Technology Group (MRVL), Xilinx (XLNX), Skyworks Solutions (SWKS), Maxim Integrated Products (MXIM), Monolithic Power Systems (MPWR), Cree (CREE), First Solar (FSLR) and Lattice Semiconductor (LSCC).
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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), The 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 institutional and retail investors. Top institutional investors include Retirement Systems of Alabama (0.28%), Landsberg Bennett & Dubbaneh LLC (0.06%), Louisiana State Employees Retirement System (0.03%), State of Alaska Department of Revenue (0.02%), HGK Asset Management Inc. (0.02%) and Pacer Advisors Inc. (0.01%). Company insiders that own Cirrus Logic stock include Bradley J Fluke, Carl Jackson Alberty, David J Tupman, Jason P Rhode, John C Carter, John Forsyth, Scott Arnold Anderson, Thurman K Case and Timothy R Dehne.
View institutional ownership trends for Cirrus Logic.

CRUS stock was sold by a variety of institutional investors in the last quarter, including Landsberg Bennett & Dubbaneh LLC, and Pacer Advisors Inc.. Company insiders that have sold Cirrus Logic company stock in the last year include Carl Jackson Alberty, Jason P Rhode, John C Carter, John Forsyth, Scott Arnold Anderson, Thurman K Case, and Timothy R Dehne.
View insider buying and selling activity for Cirrus Logic or view top insider-selling stocks.

CRUS stock was acquired by a variety of institutional investors in the last quarter, including Retirement Systems of Alabama, ETF Portfolio Partners Inc., Louisiana State Employees Retirement System, Exchange Traded Concepts LLC, HGK Asset Management Inc., and State of Alaska Department of Revenue.
View insider buying and selling activity for Cirrus Logic or or view top insider-buying stocks.

Shares of CRUS 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 $85.79.

Cirrus Logic has a market capitalization of $4.98 billion and generates $1.28 billion in revenue each year.

Cirrus Logic employs 1,443 workers across the globe.

The official website for Cirrus Logic is www.cirrus.com.

Cirrus Logic is headquartered at 800 WEST 6TH STREET, AUSTIN TX, 78701.

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]