Cirrus Logic Stock Forecast, Price & News

13 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Cirrus Logic in the last twelve months. There are currently 3 hold ratings and 10 buy ratings for the stock. The consensus among Wall Street analysts is that investors should "buy" Cirrus Logic stock.
View analyst ratings for Cirrus Logic or view top-rated stocks.

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Cirrus Logic saw a drop in short interest during the month of June. As of June 15th, there was short interest totaling 850,100 shares, a drop of 20.6% from the May 31st total of 1,070,000 shares. Based on an average daily volume of 514,800 shares, the days-to-cover ratio is currently 1.7 days. Currently, 1.5% of the company's shares are short sold.
View Cirrus Logic's Short Interest.

Cirrus Logic is scheduled to release its next quarterly earnings announcement on Wednesday, July 28th 2021.
View our earnings forecast for Cirrus Logic.

Cirrus Logic will be holding an earnings conference call on Wednesday, July 28th at 5:00 PM Eastern. Interested parties can register for or listen to the call using this link or dial in at 416-621-4642 with passcode "9238026".

Cirrus Logic, Inc. (NASDAQ:CRUS) announced its earnings results on Thursday, April, 29th. The semiconductor company reported $0.66 EPS for the quarter, missing the consensus estimate of $0.71 by $0.05. The semiconductor company had revenue of $293.54 million for the quarter, compared to the consensus estimate of $301.05 million. Cirrus Logic had a net margin of 15.87% and a trailing twelve-month return on equity of 17.06%.
View Cirrus Logic's earnings history.

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 32.8% and is now trading at $83.34.
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Cirrus Logic announced that its board has approved a stock buyback program on Monday, February 1st 2021, which authorizes the company to buyback $350,000,000.00 in outstanding shares, according to EventVestor. This buyback authorization authorizes the company to purchase up to 6.2% of its stock through open market purchases. Stock buyback programs are usually an indication that the company's management believes its stock is undervalued.

Cirrus Logic issued an update on its first quarter 2022 earnings guidance on Thursday, May, 13th. The company provided earnings per share guidance of - for the period. The company issued revenue guidance of $240 million-$280 million, compared to the consensus revenue estimate of $282.72 million.

13 brokers have issued 12 month target prices for Cirrus Logic's shares. Their forecasts range from $80.00 to $115.00. On average, they anticipate Cirrus Logic's stock price to reach $100.57 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 or view top-rated stocks among Wall Street analysts.

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.

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 (MRVL), Microchip Technology (MCHP), Xilinx (XLNX), Skyworks Solutions (SWKS), Maxim Integrated Products (MXIM), Monolithic Power Systems (MPWR), Cree (CREE), First Solar (FSLR) and Lattice Semiconductor (LSCC).
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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), The Walt Disney (DIS), Skyworks Solutions (SWKS), 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 many different institutional and retail investors. Top institutional shareholders include Oregon Public Employees Retirement Fund (0.03%) and New Mexico Educational Retirement Board (0.02%). Company insiders that own Cirrus Logic stock include Alan R Schuele, Andrew Brannan, Bradley J Fluke, Carl Jackson Alberty, Jason P Rhode, Jeffrey W Baumgartner, Jodee Benson, John C Carter, John Forsyth, Scott Arnold Anderson, Thurman K Case and Timothy R Dehne.
View institutional ownership trends for Cirrus Logic.

CRUS stock was bought by a variety of institutional investors in the last quarter, including New Mexico Educational Retirement Board, and Oregon Public Employees Retirement Fund.
View insider buying and selling activity for Cirrus Logic or or view top insider-buying stocks.

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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One share of CRUS stock can currently be purchased for approximately $83.34.

Cirrus Logic has a market capitalization of $4.79 billion and generates $1.37 billion in revenue each year. The semiconductor company earns $217.34 million in net income (profit) each year or $3.75 on an earnings per share basis.

Cirrus Logic employs 1,481 workers across the globe.

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.

Cirrus Logic was founded in 1984.

The official website for Cirrus Logic is www.cirrus.com.

Cirrus Logic is headquartered at 800 WEST 6TH STREET, AUSTIN TX, 78701.

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]