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 (WHO). Since then, CRUS stock has increased by 1.6% and is now trading at $63.74. 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) released its earnings results on Monday, May, 4th. The semiconductor company reported $0.68 earnings per share for the quarter, topping the Thomson Reuters' consensus estimate 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 net margin of 12.45% and a return on equity of 16.46%. Cirrus Logic's quarterly revenue was up 16.2% compared to the same quarter last year. During the same quarter 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 stock buyback plan on Wednesday, January 30th 2019, which authorizes the company to buyback $200,000,000.00 in shares, according to EventVestor. This buyback authorization authorizes the company to repurchase up to 8.9% of its stock through open market purchases. Stock buyback plans are generally an indication that the company's management believes its shares are 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 brokerages have issued 1-year price objectives for Cirrus Logic's shares. Their forecasts range from $60.00 to $95.00. On average, they anticipate Cirrus Logic's share price to reach $77.00 in the next year. This suggests a possible upside of 20.8% from the stock's current price. View analysts' price targets for Cirrus Logic.

Headlines about CRUS stock have trended very negative this week, according to InfoTrie. The research firm identifies positive and negative news coverage by monitoring more than six thousand news and blog sources in real time. The firm ranks coverage of companies on a scale of negative five to positive five, with scores nearest to five being the most favorable. Cirrus Logic earned a media sentiment score of -3.2 on InfoTrie's scale. They also assigned media coverage about the semiconductor company a news buzz of 0.0 out of 10, meaning that recent news coverage is extremely unlikely to have an impact on the company's share price in the near term. View the latest news about Cirrus Logic.

Cirrus Logic saw a increase in short interest in 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 trading volume of 804,600 shares, the days-to-cover ratio is currently 2.4 days. Approximately 3.4% of the company's stock are sold short. 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), Marvell Technology Group (MRVL), Microchip Technology (MCHP), 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 investors include MERIAN GLOBAL INVESTORS UK Ltd (0.63%), DNB Asset Management AS (0.48%), Envestnet Asset Management Inc. (0.04%), Polianta Ltd (0.03%) and MorganRosel Wealth Management LLC (0.01%). 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 MERIAN GLOBAL INVESTORS UK Ltd, Polianta Ltd, Envestnet Asset Management Inc., and MorganRosel Wealth Management 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 $63.74.

Cirrus Logic has a market capitalization of $3.72 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]