Cirrus Logic Stock Forecast, Price & News

Cirrus Logic (NASDAQ:CRUS) Frequently Asked Questions

Is Cirrus Logic a buy right now?

14 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Cirrus Logic in the last twelve months. There are currently 1 sell rating, 1 hold rating and 12 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.

What stocks does MarketBeat like better than Cirrus Logic?

Wall Street analysts have given Cirrus Logic a "Buy" rating, but there may be better buying opportunities in the stock market. Some of MarketBeat's past winning trading ideas have resulted in 5-15% weekly gains. MarketBeat just released five new stock ideas, but Cirrus Logic wasn't one of them. MarketBeat thinks these five companies may be even better buys.
View MarketBeat's top stock picks here.

When is Cirrus Logic's next earnings date?

Cirrus Logic is scheduled to release its next quarterly earnings announcement on Monday, November 1st 2021.
View our earnings forecast for Cirrus Logic.

How can I listen to Cirrus Logic's earnings call?

Cirrus Logic will be holding an earnings conference call on Monday, November 1st 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 "3476036".

How were Cirrus Logic's earnings last quarter?

Cirrus Logic, Inc. (NASDAQ:CRUS) released its quarterly earnings data on Tuesday, July, 27th. The semiconductor company reported $0.54 EPS for the quarter, beating analysts' consensus estimates of $0.16 by $0.38. The semiconductor company earned $277.25 million during the quarter, compared to analysts' expectations of $260.79 million. Cirrus Logic had a net margin of 15.41% and a trailing twelve-month return on equity of 16.55%.
View Cirrus Logic's earnings history.

How has Cirrus Logic's stock price been impacted by Coronavirus?

Cirrus Logic's stock was trading at $62.76 on March 11th, 2020 when Coronavirus reached pandemic status according to the World Health Organization (WHO). Since then, CRUS shares have increased by 29.3% and is now trading at $81.15.
View which stocks have been most impacted by COVID-19.

How will Cirrus Logic's stock buyback program work?

Cirrus Logic declared that its board has authorized a stock repurchase program on Monday, February 1st 2021, which authorizes the company to repurchase $350,000,000.00 in shares, according to EventVestor. This repurchase authorization authorizes the company to purchase up to 6.2% of its stock through open market purchases. Stock repurchase programs are often a sign that the company's leadership believes its stock is undervalued.

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

Cirrus Logic issued an update on its second quarter 2022 earnings guidance on Wednesday, August, 4th. The company provided earnings per share guidance of for the period. The company issued revenue guidance of $430 million-$470 million, compared to the consensus revenue estimate of $385.86 million.

What price target have analysts set for CRUS?

14 brokers have issued 1-year price targets for Cirrus Logic's stock. Their forecasts range from $85.79 to $115.00. On average, they anticipate Cirrus Logic's stock price to reach $105.45 in the next year. This suggests a possible upside of 29.9% from the stock's current price.
View analysts' price targets for Cirrus Logic or view top-rated stocks among Wall Street analysts.

Who are Cirrus Logic's key executives?

Cirrus Logic's management team includes the following people:

• John Forsyth, President, Chief Executive Officer & Director (LinkedIn Profile)
• Thurman Klay Case, VP, Chief Financial & Accounting Officer
• Jeffrey W. Baumgartner, Vice President-Research & Development (LinkedIn Profile)
• Justin Dougherty, Vice President-Engineering Operations
• Gregory Scott Thomas, Secretary, Senior Vice President & General Counsel

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

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.

Who are some of Cirrus Logic's key competitors?

Some companies that are related to Cirrus Logic include NVIDIA (NVDA), Broadcom (AVGO), Intel (INTC), Texas Instruments (TXN), Micron Technology (MU), Analog Devices (ADI), Marvell Technology (MRVL), Xilinx (XLNX), Microchip Technology (MCHP), Skyworks Solutions (SWKS), Monolithic Power Systems (MPWR), First Solar (FSLR), Lattice Semiconductor (LSCC), Cree (CREE) and Silicon Laboratories (SLAB).
View all of CRUS's competitors.

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), The 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 number of institutional and retail investors. Top institutional shareholders include Assenagon Asset Management S.A. (0.15%), Virginia Retirement Systems ET AL (0.06%), Pacer Advisors Inc. (0.04%), Oregon Public Employees Retirement Fund (0.03%), Strs Ohio (0.03%) and Louisiana State Employees Retirement System (0.03%). Company insiders that own Cirrus Logic stock include Alan R Schuele, Alan R Schuele, Alexander M Davern, 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.

Which institutional investors are selling Cirrus Logic stock?

CRUS stock was sold by a variety of institutional investors in the last quarter, including Strs Ohio, Oregon Public Employees Retirement Fund, and Louisiana State Employees Retirement System. Company insiders that have sold Cirrus Logic company stock in the last year include Alan R Schuele, Alexander M Davern, Andrew Brannan, Carl Jackson Alberty, Jason P Rhode, Jeffrey W Baumgartner, Jodee Benson, John C Carter, John Forsyth, Thurman K Case, and Timothy R Dehne.
View insider buying and selling activity for Cirrus Logic or view top insider-selling stocks.

Which institutional investors are buying Cirrus Logic stock?

CRUS stock was purchased by a variety of institutional investors in the last quarter, including Assenagon Asset Management S.A., Crossmark Global Holdings Inc., Virginia Retirement Systems ET AL, Pacer Advisors Inc., Crossmark Global Holdings Inc., Koshinski Asset Management Inc., Fifth Third Bancorp, and JJJ Advisors Inc..
View insider buying and selling activity for Cirrus Logic or or view top insider-buying stocks.

How do I buy shares of 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 WeBull, Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Robinhood, Fidelity, and Charles Schwab.
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What is Cirrus Logic's stock price today?

One share of CRUS stock can currently be purchased for approximately $81.15.

How much money does Cirrus Logic make?

Cirrus Logic has a market capitalization of $4.67 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.

How many employees does Cirrus Logic have?

Cirrus Logic employs 1,481 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.

When was Cirrus Logic founded?

Cirrus Logic was founded in 1984.

What is Cirrus Logic's official website?

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

Where are Cirrus Logic's headquarters?

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

How can I contact Cirrus Logic?

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].