Cirrus Logic Stock Forecast, Price & 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 1.5% and is now trading at $61.79.
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9 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Cirrus Logic in the last year. There are currently 3 hold ratings and 6 buy ratings for the stock, resulting in a consensus recommendation of "Buy."
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Cirrus Logic is scheduled to release its next quarterly earnings announcement on Wednesday, November 4th 2020.
View our earnings forecast for Cirrus Logic.

Cirrus Logic, Inc. (NASDAQ:CRUS) announced its earnings results on Monday, August, 3rd. The semiconductor company reported $0.53 EPS for the quarter, topping the Thomson Reuters' consensus estimate of $0.30 by $0.23. The semiconductor company had revenue of $242.57 million for the quarter, compared to analysts' expectations of $225.25 million. Cirrus Logic had a net margin of 13.47% and a return on equity of 16.75%. The business's revenue for the quarter was up 1.8% on a year-over-year basis. During the same quarter in the previous year, the company earned $0.35 earnings per share.
View Cirrus Logic's earnings history.

Cirrus Logic announced that its Board of Directors has approved a share buyback program on Wednesday, January 30th 2019, which allows the company to repurchase $200,000,000.00 in shares, according to EventVestor. This repurchase authorization allows the company to reacquire up to 8.9% of its shares through open market purchases. Shares repurchase programs are generally an indication that the company's leadership believes its shares are undervalued.

Cirrus Logic issued an update on its second quarter 2021 After-Hours earnings guidance on Monday, August, 3rd. The company provided earnings per share guidance of for the period. The company issued revenue guidance of $290-330 million, compared to the consensus revenue estimate of $315.04 million.

9 brokerages have issued 12 month target prices for Cirrus Logic's shares. Their forecasts range from $65.00 to $95.00. On average, they anticipate Cirrus Logic's share price to reach $81.14 in the next year. This suggests a possible upside of 31.3% from the stock's current price.
View analysts' price targets for Cirrus Logic.

Cirrus Logic saw a decrease in short interest in August. As of August 31st, there was short interest totaling 1,260,000 shares, a decrease of 24.6% from the August 15th total of 1,670,000 shares. Based on an average daily volume of 943,200 shares, the short-interest ratio is currently 1.3 days. Currently, 2.2% of the shares of the company are short sold.
View Cirrus Logic's Short Interest.

Some companies that are related to Cirrus Logic include NVIDIA (NVDA), Intel (INTC), Broadcom (AVGO), Texas Instruments (TXN), Micron Technology (MU), Analog Devices (ADI), Marvell Technology Group (MRVL), Microchip Technology (MCHP), Xilinx (XLNX), Skyworks Solutions (SWKS), Maxim Integrated Products (MXIM), Monolithic Power Systems (MPWR), Cree (CREE), First Solar (FSLR) and Inphi (IPHI).
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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), Skyworks Solutions (SWKS), Walt Disney (DIS), 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 FMR LLC (13.73%), Vanguard Group Inc. (10.05%), LSV Asset Management (2.20%), Macquarie Group Ltd. (1.81%), AQR Capital Management LLC (1.70%) and Bank of America Corp DE (1.62%). Company insiders that own Cirrus Logic stock include Bradley J Fluke, David J Tupman, Jason P Rhode, John C Carter, John Forsyth, Randolph K Carlson, Scott Arnold Anderson, Scott Thomas, 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 AQR Capital Management LLC, Vanguard Group Inc., LSV Asset Management, APG Asset Management N.V., Canada Pension Plan Investment Board, Bank of New York Mellon Corp, Federated Hermes Inc., and Public Employees Retirement System of Ohio. Company insiders that have sold Cirrus Logic company stock in the last year include Bradley J Fluke, Jason P Rhode, John C Carter, John Forsyth, and Scott Arnold Anderson.
View insider buying and selling activity for Cirrus Logic.

CRUS stock was acquired by a variety of institutional investors in the last quarter, including FMR LLC, Bank of America Corp DE, MERIAN GLOBAL INVESTORS UK Ltd, Alyeska Investment Group L.P., Great Lakes Advisors LLC, Two Sigma Advisers LP, Duality Advisers LP, and Seizert Capital Partners LLC.
View insider buying and selling activity for 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 Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Robinhood, Fidelity, and Charles Schwab.

One share of CRUS stock can currently be purchased for approximately $61.79.

Cirrus Logic has a market capitalization of $3.61 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]