Cirrus Logic (CRUS) Stock Forecast, Price & News

Cirrus Logic (NASDAQ:CRUS) Frequently Asked Questions

Is Cirrus Logic a buy right now?

13 Wall Street equities research analysts have issued "buy," "hold," and "sell" ratings for Cirrus Logic in the last year. There are currently 1 sell rating, 1 hold rating and 11 buy ratings for the stock. The consensus among Wall Street equities research analysts is that investors should "buy" Cirrus Logic stock.
View analyst ratings for Cirrus Logic or view top-rated stocks.

When is Cirrus Logic's next earnings date?

Cirrus Logic is scheduled to release its next quarterly earnings announcement on Wednesday, July 27th 2022.
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 Tuesday, May, 3rd. The semiconductor company reported $1.78 EPS for the quarter, topping the consensus estimate of $1.18 by $0.60. The semiconductor company earned $498.97 million during the quarter, compared to analyst estimates of $420.19 million. Cirrus Logic had a trailing twelve-month return on equity of 23.52% and a net margin of 18.32%. Cirrus Logic's quarterly revenue was up 70.0% on a year-over-year basis. During the same quarter in the previous year, the firm posted $0.47 earnings per share.
View Cirrus Logic's earnings history.

How will Cirrus Logic's stock buyback program work?

Cirrus Logic announced that its Board of Directors has authorized a share repurchase program on Monday, February 1st 2021, which authorizes the company to repurchase $350,000,000.00 in outstanding shares, according to EventVestor. This repurchase authorization authorizes the company to purchase up to 6.2% of its stock through open market purchases. Stock repurchase programs are typically 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 issued an update on its first quarter 2023 earnings guidance on Monday, May, 9th. The company provided earnings per share (EPS) guidance of for the period. The company issued revenue guidance of $350.00 million-$390.00 million, compared to the consensus revenue estimate of $299.98 million.

What price target have analysts set for CRUS?

13 brokerages have issued 12 month price objectives for Cirrus Logic's shares. Their forecasts range from $85.79 to $120.00. On average, they expect Cirrus Logic's stock price to reach $105.57 in the next year. This suggests a possible upside of 33.6% from the stock's current price.
View analysts' price targets for Cirrus Logic or view top-rated stocks among Wall Street analysts.

Who are Cirrus Logic's key executives?

Cirrus Logic's management team includes the following people:

• Mr. John M. Forsyth, CEO, Pres & Director (Age 48, Pay $1.33M) (LinkedIn Profile)
• Mr. Gregory Scott Thomas, Sr. VP, Gen. Counsel & Corp. Sec. (Age 56, Pay $907.54k)
• Mr. Thurman K. Case, Advisor (Age 65, Pay $972.78k) (LinkedIn Profile)
• Ms. Jo-Dee M. Benson, Consultant (Age 62, Pay $878.03k) (LinkedIn Profile)
• Mr. Venkatesh R. Nathamuni, Chief Financial Officer
• Ms. Jonanna Mikulenka, Chief Accounting Officer
• Ms. Chelsea Heffernan, Director of Investor Relations
• Mr. Andrew Brannan, VP of Worldwide Sales (Age 55) (LinkedIn Profile)
• Mr. David Biven, Director of Corp. Devel.
• Ms. Denise Grode, Chief HR Officer

What is Jason P. Rhode's approval rating as Cirrus Logic's CEO?

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.

Who are some of Cirrus Logic's key competitors?

Some companies that are related to Cirrus Logic include NVIDIA (NVDA), Broadcom (AVGO), Intel (INTC), Texas Instruments (TXN), Analog Devices (ADI), Micron Technology (MU), Marvell Technology (MRVL), Microchip Technology (MCHP), Monolithic Power Systems (MPWR), Skyworks Solutions (SWKS), First Solar (FSLR), Lattice Semiconductor (LSCC), Silicon Laboratories (SLAB), Power Integrations (POWI) and Altair Engineering (ALTR).
View all of CRUS's 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), 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 institutional and retail investors. Top institutional investors include Vanguard Group Inc. (10.37%), BlackRock Inc. (10.05%), Mackenzie Financial Corp (4.48%), State Street Corp (3.47%), Wellington Management Group LLP (3.44%) and Dimensional Fund Advisors LP (2.50%). Company insiders that own Cirrus Logic stock include Alan R Schuele, Alan R Schuele, Alexander M Davern, Allan Hughes, Andrew Brannan, Carl Jackson Alberty, Jason P Rhode, Jeffrey W Baumgartner, Jodee Benson, John C Carter, John Forsyth, Justin E Dougherty, Scott Thomas, Thurman K Case and Timothy R Dehne.
View institutional ownership trends for Cirrus Logic.

Which institutional investors are selling Cirrus Logic stock?

CRUS stock was sold by a variety of institutional investors in the last quarter, including Panagora Asset Management Inc., Acadian Asset Management LLC, Prudential Financial Inc., BlackRock Inc., Assenagon Asset Management S.A., Lazard Asset Management LLC, Woodline Partners LP, and PEAK6 Investments LLC. Company insiders that have sold Cirrus Logic company stock in the last year include Alan R Schuele, Alexander M Davern, Allan Hughes, Andrew Brannan, Carl Jackson Alberty, Jeffrey W Baumgartner, Jodee Benson, Justin E Dougherty, Scott Thomas, and Thurman K Case.
View insider buying and selling activity for Cirrus Logic or view top insider-selling stocks.

Which institutional investors are buying Cirrus Logic stock?

CRUS stock was acquired by a variety of institutional investors in the last quarter, including Wellington Management Group LLP, Mackenzie Financial Corp, Vanguard Group Inc., LSV Asset Management, Renaissance Technologies LLC, State Street Corp, Jane Street Group LLC, and Fuller & Thaler Asset Management Inc..
View insider buying and selling activity for Cirrus Logic or or view top insider-buying stocks.

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 WeBull, Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Robinhood, Fidelity, and Charles Schwab.
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What is Cirrus Logic's stock price today?

One share of CRUS stock can currently be purchased for approximately $79.02.

How much money does Cirrus Logic make?

Cirrus Logic has a market capitalization of $4.53 billion and generates $1.78 billion in revenue each year. The semiconductor company earns $326.36 million in net income (profit) each year or $5.519990 on an earnings per share basis.

How many employees does Cirrus Logic have?

Cirrus Logic employs 1,481 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.

When was Cirrus Logic founded?

Cirrus Logic was founded in 1984.

What is Cirrus Logic's official website?

The official website for Cirrus Logic is 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, via email at [email protected], or via fax at 800-888-5016.