NASDAQ:CRUSCirrus Logic Stock Price, Forecast & News

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 decreased by 3.4% and is now trading at $60.65. View which stocks have been most impacted by Coronavirus.

8 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Cirrus Logic in the last year. There are currently 1 sell rating, 2 hold ratings and 5 buy ratings for the stock, resulting in a consensus recommendation of "Buy." View analyst ratings for Cirrus Logic.

Cirrus Logic is scheduled to release its next quarterly earnings announcement on Wednesday, July 29th 2020. View our earnings forecast for Cirrus Logic.

Cirrus Logic, Inc. (NASDAQ:CRUS) issued its earnings results on Monday, May, 4th. The semiconductor company reported $0.68 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $0.50 by $0.18. The semiconductor company earned $279.29 million during the quarter, compared to analysts' expectations of $258.73 million. Cirrus Logic had a return on equity of 16.46% and a net margin of 12.45%. The firm's revenue was up 16.2% compared to the same quarter last year. During the same period in the prior year, the firm posted $0.37 EPS. View Cirrus Logic's earnings history.

Cirrus Logic announced that its board has initiated a share buyback plan on Wednesday, January 30th 2019, which permits the company to buyback $200,000,000.00 in shares, according to EventVestor. This buyback authorization permits the company to reacquire up to 8.9% of its stock through open market purchases. Stock buyback plans are typically an indication that the company's management believes its stock is undervalued.

Cirrus Logic updated its first quarter 2021 After-Hours earnings guidance on Monday, May, 4th. The company provided earnings per share (EPS) guidance of for the period. The company issued revenue guidance of $200-250 million, compared to the consensus revenue estimate of $248.55 million.

8 brokers have issued 12-month target prices for Cirrus Logic's stock. Their forecasts range from $60.00 to $95.00. On average, they expect Cirrus Logic's stock price to reach $77.00 in the next year. This suggests a possible upside of 27.0% from the stock's current price. View analysts' price targets for Cirrus Logic.

News headlines about CRUS stock have trended somewhat positive this week, according to InfoTrie Sentiment. The research group identifies positive and negative news coverage by analyzing more than six thousand blog and news sources in real time. The firm ranks coverage of public companies on a scale of negative five to positive five, with scores closest to five being the most favorable. Cirrus Logic earned a news sentiment score of 0.8 on InfoTrie's scale. They also assigned media coverage about the semiconductor company a news buzz of 10.0 out of 10, meaning that recent news coverage is extremely likely to have an effect on the company's share price in the next few days. View the latest news about Cirrus Logic.

Cirrus Logic saw a increase in short interest during the month of June. As of June 15th, there was short interest totaling 1,760,000 shares, an increase of 6.7% from the May 31st total of 1,650,000 shares. Based on an average trading volume of 780,500 shares, the short-interest ratio is currently 2.3 days. Approximately 3.0% of the shares of the stock are short sold. View Cirrus Logic's Current Options Chain.

Some companies that are related to Cirrus Logic include Intel (INTC), NVIDIA (NVDA), 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), Inphi (IPHI) and First Solar (FSLR). View all competitors.

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), Intel (INTC), Skyworks Solutions (SWKS), Alibaba Group (BABA), CA (CA), Walt Disney (DIS) and QUALCOMM (QCOM).

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

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.

One share of CRUS stock can currently be purchased for approximately $60.65.

Cirrus Logic has a market capitalization of $3.54 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'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]