NASDAQ:CRUS Cirrus Logic - CRUS Stock Forecast, Price & News Adding Choose a watchlist: Watchlist Adding You have already added five stocks to your watchlist. Upgrade to MarketBeat Daily Premium to add more stocks to your watchlist. Adding Cirrus Logic, Inc. Please log in to your account or sign up in order to add this asset to your watchlist. $106.56 +4.19 (+4.09%) (As of 02/7/2023 03:52 PM ET) Add Compare Share Share Today's Range$101.62▼$107.3150-Day Range$70.96▼$102.3852-Week Range$61.94▼$107.31Volume767,544 shsAverage Volume608,390 shsMarket Capitalization$5.89 billionP/E Ratio18.76Dividend YieldN/APrice Target$106.36 ProfileAnalyst RatingsChartCompetitorsEarningsFinancialsInsider TradesInstitutional OwnershipHeadlinesOptions ChainSEC FilingsShort InterestSocial MediaSustainability Cirrus Logic MarketRank™ ForecastAnalyst RatingModerate Buy2.71 Rating ScoreUpside/Downside0.2% Downside$106.36 Price TargetShort InterestHealthy3.03% of Float Sold ShortDividend StrengthN/ASustainability-1.77Upright™ Environmental ScoreNews Sentiment0.81Based on 30 Articles This WeekInsider TradingSelling Shares$249,682 Sold Last QuarterProj. Earnings Growth15.95%From $4.89 to $5.67 Per ShareSee Full Details Hide Full Details Overall MarketRank™MarketRank is calculated as an average of available category scores, with extra weight given to analysis and valuation.2.55 out of 5 starsComputer And Technology Sector132nd out of 610 stocksSemiconductors & Related Devices Industry21st out of 89 stocks 2.4 Analyst's Opinion Consensus RatingCirrus Logic has received a consensus rating of Buy. The company's average rating score is 2.71, and is based on 6 buy ratings, no hold ratings, and 1 sell rating.Price Target Upside/DownsideAccording to analysts' consensus price target of $106.36, Cirrus Logic has a forecasted downside of 0.2% from its current price of $106.56.Amount of Analyst CoverageCirrus Logic has been the subject of 6 research reports in the past 90 days, demonstrating strong analyst interest in this stock. Previous Next 4.0 Short Interest Percentage of Shares Shorted3.03% of the float of Cirrus Logic has been sold short.Short Interest Ratio / Days to CoverCirrus Logic has a short interest ratio ("days to cover") of 3.2, which is generally considered an acceptable ratio of short interest to trading volume.Change versus previous monthShort interest in Cirrus Logic has recently decreased by 1.19%, indicating that investor sentiment is improving. Previous Next 0.0 Dividend Strength Dividend YieldCirrus Logic does not currently pay a dividend.Dividend GrowthCirrus Logic does not have a long track record of dividend growth. Previous Next 1.8 Sustainability and ESG Overall ESG (Environmental, Social, and Governance) ScoreCirrus Logic has received a -7.69% net impact score from Upright. Cirrus Logic uses resources or causes negative impacts mostly in categories "Scarce human capital", "GHG emissions", and "Waste". The negative contribution in the "GHG emissions" impact category seems to be driven mostly by its "Digital signal processors", "Carbon nanobud touch sensors", and "Wholesale of digital integrated circuits" products. See details.Environmental SustainabilityThe Environmental Impact score for Cirrus Logic is -1.77. Previous Next 3.8 News and Social Media Coverage News SentimentCirrus Logic has a news sentiment score of 0.81. This score is calculated as an average of sentiment of articles about the company over the last seven days and ranges from 2 (good news) to -2 (bad news). This is a higher news sentiment than the 0.46 average news sentiment score of Computer and Technology companies.News Coverage This WeekMarketBeat has tracked 30 news articles for Cirrus Logic this week, compared to 3 articles on an average week.Search Interest13 people have searched for CRUS on MarketBeat in the last 30 days. This is an increase of 225% compared to the previous 30 days.MarketBeat Follows6 people have added Cirrus Logic to their MarketBeat watchlist in the last 30 days. This is an increase of 200% compared to the previous 30 days. Previous Next 2.5 Company Ownership Insider Buying vs. Insider SellingIn the past three months, Cirrus Logic insiders have sold more of their company's stock than they have bought. Specifically, they have bought $0.00 in company stock and sold $249,682.00 in company stock.Percentage Held by InsidersOnly 0.89% of the stock of Cirrus Logic is held by insiders.Percentage Held by Institutions91.78% of the stock of Cirrus Logic is held by institutions. High institutional ownership can be a signal of strong market trust in this company. Previous Next 3.1 Earnings and Valuation Earnings GrowthEarnings for Cirrus Logic are expected to grow by 15.95% in the coming year, from $4.89 to $5.67 per share.Price to Earnings Ratio vs. the MarketThe P/E ratio of Cirrus Logic is 18.76, which means that it is trading at a less expensive P/E ratio than the market average P/E ratio of about 139.77.Price to Earnings Ratio vs. SectorThe P/E ratio of Cirrus Logic is 18.76, which means that it is trading at a less expensive P/E ratio than the Computer and Technology sector average P/E ratio of about 360.25.Price to Earnings Growth RatioCirrus Logic has a PEG Ratio of 6.09. PEG Ratios above 1 indicate that a company could be overvalued.Price to Book Value per Share RatioCirrus Logic has a P/B Ratio of 3.82. P/B Ratios above 3 indicate that a company could be overvalued with respect to its assets and liabilities. Previous Next See Top Rated MarketRank™ Stocks Here About Cirrus Logic (NASDAQ:CRUS) StockCirrus Logic, Inc. engages in the development of high-precision, analog and mixed-signal integrated circuits for a range of customers. It builds an analog and signal-processing patent portfolio. The firm delivers optimized products for a variety of audio, industrial and energy-related applications. Its product lines include portable audio products and non-portable audio and other products. The company was founded by Suhas S. Patil and Michael L. Hackworth in 1984 and is headquartered in Austin, TX.Read More Receive CRUS Stock News and Ratings via Email Sign-up to receive the latest news and ratings for Cirrus Logic and its competitors with MarketBeat's FREE daily newsletter. Email Address CRUS Stock News HeadlinesFebruary 7, 2023 | americanbankingnews.comCirrus Logic (NASDAQ:CRUS) Price Target Raised to $110.00 at CowenFebruary 7, 2023 | americanbankingnews.comCirrus Logic (NASDAQ:CRUS) Price Target Raised to $110.00 at SusquehannaFebruary 7, 2023 | Wall Street Watch Dogs (Ad)A gold storm is coming…“We are in the early stages of a mania – the calm before the storm.”...February 7, 2023 | americanbankingnews.comCirrus Logic (NASDAQ:CRUS) Given New $110.00 Price Target at BenchmarkFebruary 6, 2023 | americanbankingnews.comNeedham & Company LLC Boosts Cirrus Logic (NASDAQ:CRUS) Price Target to $110.00February 5, 2023 | finance.yahoo.comCirrus Logic Third Quarter 2023 Earnings: Beats ExpectationsFebruary 5, 2023 | americanbankingnews.comCirrus Logic (NASDAQ:CRUS) Issues Quarterly Earnings Results, Beats Expectations By $0.41 EPSFebruary 5, 2023 | americanbankingnews.comCirrus Logic (NASDAQ:CRUS) Sees Large Volume Increase After Strong EarningsFebruary 7, 2023 | Investing Trends (Ad)GRAPHITE: "Essential for America's National Defense"Did you know each EV battery contains up to 220 pounds of graphite and China controls more than 90% of the world's graphite trade? But now that the U.S. has classified it as "essential for America's National Defense"... one little-known company could become America's ONLY fully integrated graphite provider. February 4, 2023 | msn.comHot Stocks: CRUS rises on earnings; BILL plunges; JWN activist interest; CNC hits 52-week lowFebruary 3, 2023 | benzinga.comWhy Cirrus Logic Shares Are Trading HIgher Today?February 3, 2023 | msn.comCirrus Logic Earnings Perspective: Return On Invested CapitalFebruary 3, 2023 | finance.yahoo.comCirrus Logic (CRUS) Q3 Earnings Top Estimates, Revenues Up Y/YFebruary 3, 2023 | finance.yahoo.comRambus, Inc. (RMBS) Hits Fresh High: Is There Still Room to Run?February 3, 2023 | markets.businessinsider.comAnalysts Are Bullish on Top Technology Stocks: Apple (AAPL), Cirrus Logic (CRUS)February 3, 2023 | americanbankingnews.comCirrus Logic (NASDAQ:CRUS) Downgraded by StockNews.comFebruary 2, 2023 | finance.yahoo.comCirrus Logic Reports Fiscal Third Quarter Revenue of $590.6 MillionFebruary 1, 2023 | finance.yahoo.comThe Zacks Analyst Blog Highlights Infineon Technologies, Dassault, Paylocity Holding and Cirrus LogicJanuary 31, 2023 | americanbankingnews.comCirrus Logic (CRUS) Set to Announce Quarterly Earnings on ThursdayJanuary 30, 2023 | finance.yahoo.comDiodes (DIOD) Earnings Expected to Grow: Should You Buy?January 30, 2023 | msn.comBofA cautious on Skyworks, Qorvo, Cirrus Logic ahead of Q4 resultsJanuary 24, 2023 | finance.yahoo.comCalculating The Fair Value Of Cirrus Logic, Inc. (NASDAQ:CRUS)January 18, 2023 | finance.yahoo.comCirrus Logic to Report Third Quarter Fiscal 2023 ResultsJanuary 16, 2023 | finance.yahoo.comHere's Why You Need to Keep an Eye on Cirrus Logic (CRUS)January 12, 2023 | seekingalpha.comCirrus Logic's Current Valuation Seems Less Than Completely LogicalJanuary 11, 2023 | msn.comWhat 5 Analyst Ratings Have To Say About Cirrus LogicJanuary 5, 2023 | thestreet.comCirrus Logic (CRUS) Stock Gains, iPhone 7 Opportunity Overshadows Guidance CutSee More Headlines View Price History Chart DataSkip Price History Chart 30 days | 90 days | 365 days | Advanced Chart Receive CRUS Stock News and Ratings via Email Sign-up to receive the latest news and ratings for Cirrus Logic and its competitors with MarketBeat's FREE daily newsletter. Email Address CRUS Company Calendar Last Earnings2/02/2023Today2/07/2023Fiscal Year End3/31/2023Next Earnings (Estimated)5/02/2023Get Stock AlertsIndustry, Sector and Symbol Stock ExchangeNASDAQ Industry Semiconductors & related devices Sub-IndustrySemiconductors SectorComputer and Technology Current SymbolNASDAQ:CRUS CUSIP17275510 CIK772406 Webwww.cirrus.com Phone(512) 851-4000Fax800-888-5016Employees1,591Year Founded1984Price Target and Rating Average Stock Price Forecast$106.36 High Stock Price Forecast$120.00 Low Stock Price Forecast$80.00 Forecasted Upside/Downside-0.2%Consensus RatingModerate Buy Rating Score (0-4)2.71 Research Coverage7 Analysts Profitability EPS (Most Recent Fiscal Year)$5.68 Trailing P/E Ratio18.76 Forward P/E Ratio21.79 P/E Growth6.09Net Income$326.36 million Net Margins16.22% Pretax Margin20.91% Return on Equity22.50% Return on Assets17.27% Debt Debt-to-Equity RatioN/A Current Ratio4.43 Quick Ratio3.77 Sales & Book Value Annual Sales$1.78 billion Price / Sales3.31 Cash Flow$7.60 per share Price / Cash Flow14.03 Book Value$27.93 per share Price / Book3.82Miscellaneous Outstanding Shares55,260,000Free Float54,765,000Market Cap$5.89 billion OptionableOptionable Beta1.04 Social Links Key ExecutivesVenkatesh R. NathamuniChief Financial OfficerJeffrey W. BaumgartnerVice President-Research & DevelopmentAllan William HughesVice President-Information TechnologyGregory Scott ThomasSecretary, Senior Vice President & General CounselCarl J. AlbertyVice President-Mixed-Signal ProductsKey CompetitorsPower IntegrationsNASDAQ:POWIMACOM Technology SolutionsNASDAQ:MTSIRambusNASDAQ:RMBSSilicon LaboratoriesNASDAQ:SLABDiodesNASDAQ:DIODView All CompetitorsInsiders & InstitutionsBurney Co.Bought 16,000 shares on 2/6/2023Ownership: 0.038%Pacer Advisors Inc.Bought 10,553 shares on 2/6/2023Ownership: 0.019%Los Angeles Capital Management LLCBought 3,272 shares on 2/6/2023Ownership: 0.006%Jackson Creek Investment Advisors LLCBought 3,025 shares on 2/6/2023Ownership: 0.005%Parallel Advisors LLCBought 184 shares on 2/6/2023Ownership: 0.002%View All Insider TransactionsView All Institutional Transactions CRUS Stock - Frequently Asked Questions Should I buy or sell Cirrus Logic stock right now? 7 Wall Street 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 research 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? 7 equities research analysts have issued 12-month target prices for Cirrus Logic's shares. Their CRUS share price forecasts range from $80.00 to $120.00. On average, they expect the company's share price to reach $106.36 in the next twelve months. This suggests a possible upside of 1.2% 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 2023? Cirrus Logic's stock was trading at $74.48 at the beginning of 2023. Since then, CRUS stock has increased by 41.1% and is now trading at $105.12. View the best growth stocks for 2023 here. When is Cirrus Logic's next earnings date? The company is scheduled to release its next quarterly earnings announcement on Tuesday, May 2nd 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 Thursday, February, 2nd. The semiconductor company reported $2.40 earnings per share for the quarter, topping the consensus estimate of $1.99 by $0.41. The semiconductor company earned $590.58 million during the quarter, compared to the consensus estimate of $543.55 million. Cirrus Logic had a net margin of 16.22% and a trailing twelve-month return on equity of 22.50%. The firm's revenue for the quarter was up 7.7% compared to the same quarter last year. During the same quarter last year, the firm earned $2.28 EPS. How will Cirrus Logic's stock buyback program work? Cirrus Logic announced that its Board of Directors has initiated a share buyback program on Tuesday, August 2nd 2022, which authorizes the company to repurchase $500,000,000.00 in outstanding shares, according to EventVestor. This repurchase authorization authorizes the company to reacquire up to 10.7% of its stock through open market purchases. Stock repurchase programs are typically a sign that the company's leadership believes its stock is undervalued. What guidance has Cirrus Logic issued on next quarter's earnings? Cirrus Logic updated its fourth quarter 2023 earnings guidance on Thursday, February, 2nd. The company provided EPS guidance of for the period. The company issued revenue guidance of $340.00 million-$400.00 million, compared to the consensus revenue estimate of $372.07 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 number of retail and institutional investors. Top institutional shareholders include Assenagon Asset Management S.A. (0.46%), Seizert Capital Partners LLC (0.23%), Smith Graham & Co. Investment Advisors LP (0.20%), Retirement Systems of Alabama (0.17%), Allspring Global Investments Holdings LLC (0.11%) and State of Alaska Department of Revenue (0.10%). Insiders that own company 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 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 $105.12. How much money does Cirrus Logic make? Cirrus Logic (NASDAQ:CRUS) has a market capitalization of $5.81 billion and generates $1.78 billion in revenue each year. The semiconductor company earns $326.36 million in net income (profit) each year or $5.68 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 2/7/2023 by MarketBeat.com Staff Get 30 Days of MarketBeat All Access Free Sign up for MarketBeat All Access to gain access to MarketBeat's full suite of research tools: Best-in-Class Portfolio Monitoring View the latest news, buy/sell ratings, SEC filings and insider transactions for your stocks. Compare your portfolio performance to leading indices and get personalized stock ideas based on your portfolio. Stock Ideas and Recommendations Get daily stock ideas from top-performing Wall Street analysts. Get short term trading ideas from the MarketBeat Idea Engine. View which stocks are hot on social media with MarketBeat's trending stocks report. Advanced Stock Screeners and Research Tools Identify stocks that meet your criteria using seven unique stock screeners. 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