NASDAQ:CRUSCirrus Logic Stock Price, Forecast & News

Cirrus Logic's stock was trading at $62.76 on March 11th, 2020 when COVID-19 (Coronavirus) reached pandemic status according to the World Health Organization. Since then, CRUS stock has increased by 1.7% and is now trading at $63.81. 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 Monday, August 3rd 2020. View our earnings forecast for Cirrus Logic.

Cirrus Logic will be holding an earnings conference call on Monday, August 3rd 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 quarterly 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 had revenue of $279.29 million for 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 company's revenue for the quarter was up 16.2% compared to the same quarter last year. During the same quarter last year, the company posted $0.37 earnings per share. View Cirrus Logic's earnings history.

Cirrus Logic declared that its board has approved a stock buyback plan 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 buy up to 8.9% of its stock through open market purchases. Stock repurchase plans are usually an indication that the company's management believes its stock is undervalued.

Cirrus Logic issued an update on its first quarter 2021 After-Hours earnings guidance on Monday, May, 4th. The company provided 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 equities research analysts have issued 12-month price objectives for Cirrus Logic's shares. 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 20.7% from the stock's current price. View analysts' price targets for Cirrus Logic.

Media coverage about CRUS stock has trended negative recently, according to InfoTrie Sentiment Analysis. InfoTrie ranks the sentiment of news coverage by analyzing more than six thousand blog and news sources in real-time. The firm ranks coverage of companies on a scale of negative five to five, with scores nearest to five being the most favorable. Cirrus Logic earned a coverage optimism score of -2.1 on InfoTrie's scale. They also assigned media stories about the semiconductor company a news buzz of 0.0 out of 10, indicating that recent news coverage is extremely unlikely to have an impact on the stock's share price in the near future. View the latest news about Cirrus Logic.

Cirrus Logic saw a increase in short interest during the month of June. As of June 30th, there was short interest totaling 1,960,000 shares, an increase of 11.4% from the June 15th total of 1,760,000 shares. Based on an average daily volume of 804,600 shares, the short-interest ratio is currently 2.4 days. Approximately 3.4% of the shares of the company are short sold. View Cirrus Logic's Current Options Chain.

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), 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."

Cirrus Logic's stock is owned by many different retail and institutional investors. Top institutional shareholders include DNB Asset Management AS (0.48%), Envestnet Asset Management Inc. (0.04%) and Polianta Ltd (0.03%). 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, Timothy R Dehne and William D Sherman. View institutional ownership trends for Cirrus Logic.

CRUS stock was sold by a variety of institutional investors in the last quarter, including DNB Asset Management AS. 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, Scott Arnold Anderson, Thurman K Case, and Timothy R Dehne. View insider buying and selling activity for Cirrus Logic.

CRUS stock was acquired by a variety of institutional investors in the last quarter, including Polianta Ltd, and Envestnet Asset Management Inc.. 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 $63.81.

Cirrus Logic has a market capitalization of $3.73 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]