S&P 500   4,280.15
DOW   33,761.05
QQQ   330.39
Is AMC Entertainment Pulling a Fast One on the APEs?
3rd Massive Dollar Upheaval Has Started (Ad)
Here is a Simple 4 Stock Portfolio that Can Outperform the Market
Boredom, loneliness plague Ukrainian youth near front line
High oil prices help Saudi Aramco earn $88B in first half
3rd Massive Dollar Upheaval Has Started (Ad)
Ship carrying grain for hungry Ethiopia leaves Ukraine
Here’s How the Inflation Reduction Act Energizes Power Stock
Average US gasoline price falls 45 cents to $4.10 per gallon
MUST WATCH: Unusual 3-second financial maneuver (Ad)
S&P 500   4,280.15
DOW   33,761.05
QQQ   330.39
Is AMC Entertainment Pulling a Fast One on the APEs?
3rd Massive Dollar Upheaval Has Started (Ad)
Here is a Simple 4 Stock Portfolio that Can Outperform the Market
Boredom, loneliness plague Ukrainian youth near front line
High oil prices help Saudi Aramco earn $88B in first half
3rd Massive Dollar Upheaval Has Started (Ad)
Ship carrying grain for hungry Ethiopia leaves Ukraine
Here’s How the Inflation Reduction Act Energizes Power Stock
Average US gasoline price falls 45 cents to $4.10 per gallon
MUST WATCH: Unusual 3-second financial maneuver (Ad)
S&P 500   4,280.15
DOW   33,761.05
QQQ   330.39
Is AMC Entertainment Pulling a Fast One on the APEs?
3rd Massive Dollar Upheaval Has Started (Ad)
Here is a Simple 4 Stock Portfolio that Can Outperform the Market
Boredom, loneliness plague Ukrainian youth near front line
High oil prices help Saudi Aramco earn $88B in first half
3rd Massive Dollar Upheaval Has Started (Ad)
Ship carrying grain for hungry Ethiopia leaves Ukraine
Here’s How the Inflation Reduction Act Energizes Power Stock
Average US gasoline price falls 45 cents to $4.10 per gallon
MUST WATCH: Unusual 3-second financial maneuver (Ad)
S&P 500   4,280.15
DOW   33,761.05
QQQ   330.39
Is AMC Entertainment Pulling a Fast One on the APEs?
3rd Massive Dollar Upheaval Has Started (Ad)
Here is a Simple 4 Stock Portfolio that Can Outperform the Market
Boredom, loneliness plague Ukrainian youth near front line
High oil prices help Saudi Aramco earn $88B in first half
3rd Massive Dollar Upheaval Has Started (Ad)
Ship carrying grain for hungry Ethiopia leaves Ukraine
Here’s How the Inflation Reduction Act Energizes Power Stock
Average US gasoline price falls 45 cents to $4.10 per gallon
MUST WATCH: Unusual 3-second financial maneuver (Ad)
NASDAQ:CRUS

Cirrus Logic - CRUS Stock Forecast, Price & News

$87.59
+2.03 (+2.37%)
(As of 08/12/2022 09:14 PM ET)
Add
Compare
Today's Range
$85.86
$88.06
50-Day Range
$69.63
$88.46
52-Week Range
$67.03
$95.84
Volume
281,300 shs
Average Volume
463,921 shs
Market Capitalization
$4.90 billion
P/E Ratio
14.80
Dividend Yield
N/A
Price Target
$102.60

Cirrus Logic MarketRank™ Forecast

Analyst Rating
Moderate Buy
2.75 Rating Score
Upside/​Downside
17.1% Upside
$102.60 Price Target
Short Interest
Healthy
1.89% of Float Sold Short
Dividend Strength
N/A
Sustainability
-1.81
Upright™ Environmental Score
News Sentiment
0.55mentions of Cirrus Logic in the last 14 days
Based on 22 Articles This Week
Insider Trading
Selling Shares
$572,518 Sold Last Quarter
Proj. Earnings Growth
17.32%
From $4.62 to $5.42 Per Share

Overall MarketRank

MarketRank is calculated as an average of available category scores, with extra weight given to analysis and valuation.

2.57 out of 5 stars

Computer And Technology Sector

177th out of 665 stocks

Semiconductors & Related Devices Industry

29th out of 97 stocks

CRUS stock logo

About Cirrus Logic (NASDAQ:CRUS) Stock

Cirrus Logic, Inc., a fabless semiconductor company, provides low-power and high-precision mixed-signal processing solutions in the United States and internationally. It offers portable products, including codecs components that integrate analog-to-digital converters (ADCs) and digital-to-analog converters (DACs) into a single integrated circuit (IC); smart codecs, a codec with digital signal processer; boosted amplifiers; digital signal processors; and SoundClear technology, which consists of a portfolio of tools, software, and algorithms that helps to enhance user experience with features, such as louder, high-fidelity sound, audio playback, voice capture, hearing augmentation, and active noise cancellation. The company's audio products are used in smartphones, tablets, wireless headsets, laptops, AR/VR headsets, home theater systems, automotive entertainment systems, and professional audio systems. It also provides high-performance mixed-signal products, such as haptic driver and sensing solutions, camera controllers, power conversion, and control ICs and fast-charging ICs used in various industrial and energy applications comprising digital utility meters, power supplies, energy control, energy measurement, and energy exploration. The company markets and sells its products through direct sales force, external sales representatives, and distributors. Cirrus Logic, Inc. was incorporated in 1984 and is headquartered in Austin, Texas.

Cirrus Logic Price Performance

Shares of NASDAQ:CRUS opened at $87.59 on Monday. The stock has a market capitalization of $4.90 billion, a P/E ratio of 14.80, a P/E/G ratio of 6.96 and a beta of 0.97. Cirrus Logic has a 1 year low of $67.03 and a 1 year high of $95.84. The company's 50-day moving average is $77.16 and its 200 day moving average is $79.99.

Analyst Ratings Changes

CRUS has been the topic of several recent research reports. Benchmark dropped their price target on Cirrus Logic from $100.00 to $95.00 in a research note on Wednesday, May 4th. Susquehanna Bancshares cut their target price on Cirrus Logic to $110.00 in a research note on Monday, July 25th. Cowen increased their price target on Cirrus Logic from $90.00 to $100.00 in a research note on Wednesday, August 3rd. Stifel Nicolaus increased their price target on Cirrus Logic from $112.00 to $120.00 in a research note on Wednesday, May 4th. Finally, KeyCorp decreased their price objective on Cirrus Logic from $120.00 to $105.00 in a report on Wednesday, May 4th. One equities research analyst has rated the stock with a sell rating and eight have given a buy rating to the company's stock. According to data from MarketBeat, Cirrus Logic presently has a consensus rating of "Moderate Buy" and a consensus price target of $102.60.

Insider Activity at Cirrus Logic

In other news, Director Alexander M. Davern sold 1,000 shares of the stock in a transaction on Monday, August 8th. The shares were sold at an average price of $84.74, for a total value of $84,740.00. Following the completion of the sale, the director now directly owns 18,875 shares of the company's stock, valued at $1,599,467.50. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. In other news, VP Carl Jackson Alberty sold 1,823 shares of the business's stock in a transaction dated Thursday, August 4th. The shares were sold at an average price of $88.24, for a total value of $160,861.52. Following the completion of the sale, the vice president now owns 33,014 shares in the company, valued at approximately $2,913,155.36. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. Also, Director Alexander M. Davern sold 1,000 shares of Cirrus Logic stock in a transaction that occurred on Monday, August 8th. The stock was sold at an average price of $84.74, for a total transaction of $84,740.00. Following the completion of the transaction, the director now directly owns 18,875 shares in the company, valued at approximately $1,599,467.50. The disclosure for this sale can be found here. Insiders have sold a total of 6,862 shares of company stock worth $572,518 over the last quarter. Company insiders own 0.89% of the company's stock.

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.

CRUS Stock News Headlines

Analysts Set Cirrus Logic, Inc. (NASDAQ:CRUS) PT at $102.60
Cirrus Logic, Inc. (NASDAQ:CRUS) VP Sells $160,861.52 in Stock
Cowen Boosts Cirrus Logic (NASDAQ:CRUS) Price Target to $100.00
Cirrus Logic (NASDAQ:CRUS) Lowered to "Buy" at StockNews.com
Cirrus Logic Q1 Profit Rises
Cirrus Logic (NASDAQ:CRUS) Price Target Cut to $110.00
4 Analysts Have This to Say About Cirrus Logic
Cirrus Logic to Announce Q1 Results August 2
See More Headlines
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.

CRUS Company Calendar

Last Earnings
10/31/2021
Today
8/15/2022
Next Earnings (Estimated)
11/07/2022
Fiscal Year End
3/31/2023

Industry, Sector and Symbol

Industry
Semiconductors & related devices
Sub-Industry
Semiconductors
Current Symbol
NASDAQ:CRUS
CUSIP
17275510
Employees
1,591
Year Founded
1984

Price Target and Rating

Average Stock Price Forecast
$102.60
High Stock Price Forecast
$120.00
Low Stock Price Forecast
$80.00
Forecasted Upside/Downside
+17.1%
Consensus Rating
Moderate Buy
Rating Score (0-4)
2.75
Research Coverage
8 Analysts

Profitability

Net Income
$326.36 million
Pretax Margin
21.29%

Debt

Sales & Book Value

Annual Sales
$1.78 billion
Cash Flow
$7.29 per share
Book Value
$27.93 per share

Miscellaneous

Free Float
55,442,000
Market Cap
$4.90 billion
Optionable
Optionable
Beta
0.97

Social Links















CRUS Stock - Frequently Asked Questions

Should I buy or sell Cirrus Logic stock right now?

8 Wall Street equities research analysts have issued "buy," "hold," and "sell" ratings for Cirrus Logic in the last twelve months. There are currently 1 sell rating and 7 buy ratings for the stock. The consensus among Wall Street equities 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 2022?

8 brokerages have issued twelve-month target prices for Cirrus Logic's stock. Their CRUS share price forecasts range from $80.00 to $120.00. On average, they anticipate the company's stock price to reach $102.60 in the next year. This suggests a possible upside of 17.1% 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 2022?

Cirrus Logic's stock was trading at $92.02 on January 1st, 2022. Since then, CRUS stock has decreased by 4.8% and is now trading at $87.59.
View the best growth stocks for 2022 here
.

When is Cirrus Logic's next earnings date?

The company is scheduled to release its next quarterly earnings announcement on Monday, November 7th 2022.
View our CRUS earnings forecast
.

How were Cirrus Logic's earnings last quarter?

Cirrus Logic, Inc. (NASDAQ:CRUS) posted its quarterly earnings results on Sunday, October, 31st. The semiconductor company reported $1.82 EPS for the quarter, topping analysts' consensus estimates of $1.63 by $0.19. The semiconductor company earned $465.89 million during the quarter, compared to analysts' expectations of $450.38 million. Cirrus Logic had a net margin of 18.38% and a trailing twelve-month return on equity of 24.68%. The business's revenue was up 34.1% on a year-over-year basis. During the same quarter last year, the business earned $1.07 earnings per share.

How will Cirrus Logic's stock buyback program work?

Cirrus Logic announced that its Board of Directors has authorized a stock buyback plan on Tuesday, August 2nd 2022, which permits the company to buyback $500,000,000.00 in shares, according to EventVestor. This buyback authorization permits the company to reacquire up to 10.7% of its stock through open market purchases. Stock buyback plans are often a sign that the company's board believes its shares are undervalued.

What guidance has Cirrus Logic issued on next quarter's earnings?

Cirrus Logic updated its second quarter 2023 earnings guidance on Tuesday, August, 9th. The company provided EPS guidance of for the period. The company issued revenue guidance of $450.00 million-$490.00 million, compared to the consensus revenue estimate of $470.69 million.

What is Jason P. Rhode's approval rating as Cirrus Logic's CEO?

117 employees have rated Cirrus Logic Chief Executive Officer Jason P. Rhode on Glassdoor.com. Jason P. Rhode has an approval rating of 92% among the company's employees. This puts Jason P. Rhode in the top 30% of approval ratings compared to other CEOs of publicly-traded companies.

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 variety of institutional and retail investors. Top institutional shareholders include FMR LLC (15.17%), Mackenzie Financial Corp (4.90%), Royce & Associates LP (1.26%), Letko Brosseau & Associates Inc. (0.82%), Northern Trust Corp (0.77%) and Allianz Asset Management GmbH (0.58%). Insiders that own company stock include Alan R Schuele, Alan R Schuele, Alexander M Davern, Allan Hughes, Andrew Brannan, Bradley J Fluke, 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 $87.59.

How much money does Cirrus Logic make?

Cirrus Logic (NASDAQ:CRUS) has a market capitalization of $4.90 billion and generates $1.78 billion in revenue each year. The semiconductor company earns $326.36 million in net income (profit) each year or $5.92 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

When was Cirrus Logic founded?

Cirrus Logic was founded in 1984.

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 8/15/2022 by MarketBeat.com Staff

MarketBeat Resources

Premium Research Tools

MarketBeat All Access subscribers can access stock screeners, the Idea Engine, data export tools, research reports, and other premium tools.

Discover All Access

Market Data and Calendars

Looking for new stock ideas? Want to see which stocks are moving? View our full suite of financial calendars and market data tables, all for free.

View Market Data

Investing Education and Resources

Receive a free world-class investing education from MarketBeat. Learn about financial terms, types of investments, trading strategies and more.

Financial Terms
Details Here
MarketBeat - Stock Market News and Research Tools logo

MarketBeat empowers individual investors to make better trading decisions by providing real-time financial data and objective market analysis. Whether you’re looking for analyst ratings, corporate buybacks, dividends, earnings, economic reports, financials, insider trades, IPOs, SEC filings or stock splits, MarketBeat has the objective information you need to analyze any stock. Learn more about MarketBeat.

MarketBeat is accredited by the Better Business Bureau MarketBeat is rated as Great on TrustPilot

© American Consumer News, LLC dba MarketBeat® 2010-2022. All rights reserved.
326 E 8th St #105, Sioux Falls, SD 57103 | contact@marketbeat.com | (844) 978-6257
MarketBeat does not provide personalized financial advice and does not issue recommendations or offers to buy stock or sell any security.

Our Accessibility Statement | Terms of Service | Privacy Policy | Do Not Sell My Information | RSS Feeds

© 2022 Market data provided is at least 10-minutes delayed and hosted by Barchart Solutions. Information is provided 'as-is' and solely for informational purposes, not for trading purposes or advice, and is delayed. To see all exchange delays and terms of use please see Barchart's disclaimer.