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NASDAQ:CRUS

Cirrus Logic - CRUS Stock Forecast, Price & News

$86.61
-1.09 (-1.24%)
(As of 08/19/2022 12:11 PM ET)
Add
Compare
Today's Range
$86.22
$88.99
50-Day Range
$69.63
$88.46
52-Week Range
$67.03
$95.84
Volume
3,855 shs
Average Volume
423,598 shs
Market Capitalization
$4.84 billion
P/E Ratio
14.63
Dividend Yield
N/A
Price Target
$102.60

Cirrus Logic MarketRank™ Forecast

Analyst Rating
Moderate Buy
2.75 Rating Score
Upside/​Downside
18.5% 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
0.93mentions of Cirrus Logic in the last 14 days
Based on 5 Articles This Week
Insider Trading
Selling Shares
$245,602 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.

2.65 out of 5 stars

Computer And Technology Sector

172nd out of 660 stocks

Semiconductors & Related Devices Industry

28th 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 Stock Performance

Shares of NASDAQ:CRUS traded down $1.13 during trading on Friday, reaching $86.57. The stock had a trading volume of 2,627 shares, compared to its average volume of 423,598. Cirrus Logic has a 52 week low of $67.03 and a 52 week high of $95.84. The firm's fifty day moving average is $77.66 and its 200 day moving average is $80.10. The stock has a market cap of $4.84 billion, a price-to-earnings ratio of 14.81, a P/E/G ratio of 6.95 and a beta of 0.97.

Analyst Upgrades and Downgrades

CRUS has been the subject of several research analyst reports. Benchmark lowered their price target on shares of Cirrus Logic from $100.00 to $95.00 in a report on Wednesday, May 4th. StockNews.com lowered Cirrus Logic from a "strong-buy" rating to a "buy" rating in a research note on Thursday, August 4th. Needham & Company LLC raised their price objective on shares of Cirrus Logic from $85.00 to $97.00 and gave the company a "buy" rating in a report on Wednesday, August 3rd. Susquehanna Bancshares reduced their target price on shares of Cirrus Logic to $110.00 in a report on Monday, July 25th. Finally, Stifel Nicolaus raised their price target on shares of Cirrus Logic from $112.00 to $120.00 in a research note on Wednesday, May 4th. One research analyst has rated the stock with a sell rating and eight have issued a buy rating to the company's stock. Based on data from MarketBeat.com, the company has a consensus rating of "Moderate Buy" and an average target price of $102.60.

Insider Activity at Cirrus Logic

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

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CRUS Stock News Headlines

Cirrus Logic (NASDAQ: CRUS)
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
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CRUS Company Calendar

Last Earnings
10/31/2021
Today
8/19/2022
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
+18.5%
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
$7.23 per share
Book Value
$28.59 per share

Miscellaneous

Free Float
55,442,000
Market Cap
$4.84 billion
Optionable
Optionable
Beta
0.97

Social Links


Key Executives

  • Mr. John M. ForsythMr. John M. Forsyth (Age 48)
    CEO, Pres & Director
    Comp: $2.12M
  • Mr. Gregory Scott Thomas (Age 56)
    Sr. VP, Gen. Counsel & Corp. Sec.
    Comp: $1.15M
  • Mr. Andrew BrannanMr. Andrew Brannan (Age 55)
    VP of Worldwide Sales
    Comp: $1.13M
  • Mr. Thurman K. CaseMr. Thurman K. Case (Age 65)
    Advisor
    Comp: $1.21M
  • Mr. Venkatesh R. Nathamuni
    Chief Financial Officer
  • Ms. Jonanna Mikulenka
    Chief Accounting Officer
  • Ms. Chelsea Heffernan
    Director of Investor Relations
  • Mr. David Biven
    Director of Corp. Devel.
  • Ms. Denise Grode
    Chief HR Officer
  • Mr. Scott A. Anderson (Age 68)
    Sr. VP of Supply Chain













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 17.0% 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 at the beginning of 2022. Since then, CRUS stock has decreased by 4.7% and is now trading at $87.70.
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 earnings results on Sunday, October, 31st. The semiconductor company reported $1.82 earnings per share 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 the consensus estimate of $450.38 million. Cirrus Logic had a trailing twelve-month return on equity of 24.68% and a net margin of 18.38%. The firm's quarterly revenue was up 34.1% on a year-over-year basis. During the same period in the prior year, the firm posted $1.07 EPS.

How will Cirrus Logic's stock buyback program work?

Cirrus Logic announced that its board has initiated a stock repurchase program on Tuesday, August 2nd 2022, which permits the company to repurchase $500,000,000.00 in shares, according to EventVestor. This repurchase authorization permits the company to repurchase up to 10.7% of its shares through open market purchases. Shares repurchase programs are usually a sign that the company's management 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 2023 earnings guidance on Tuesday, August, 9th. The company provided earnings per share 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 John Forsyth's approval rating as Cirrus Logic's CEO?

25 employees have rated Cirrus Logic Chief Executive Officer John Forsyth on Glassdoor.com. John Forsyth has an approval rating of 92% among the company's employees. This puts John Forsyth in the top 30% of approval ratings compared to other CEOs of publicly-traded companies. 85.0% of employees surveyed would recommend working at Cirrus Logic to a friend.

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 many different institutional and retail investors. Top institutional investors include FMR LLC (15.17%), Mackenzie Financial Corp (4.90%), State Street Corp (3.48%), Macquarie Group Ltd. (1.84%), Royce & Associates LP (1.26%) and Letko Brosseau & Associates Inc. (0.82%). 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 $87.70.

How much money does Cirrus Logic make?

Cirrus Logic (NASDAQ:CRUS) has a market capitalization of $4.91 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 8/19/2022 by MarketBeat.com Staff

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