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NASDAQ:CRUS

Cirrus Logic Stock Forecast, Price & News

$63.02
+1.51 (+2.45 %)
(As of 09/25/2020 12:00 AM ET)
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Today's Range
$60.82
Now: $63.02
$63.15
50-Day Range
$55.87
MA: $60.42
$65.05
52-Week Range
$47.04
Now: $63.02
$91.63
Volume912,257 shs
Average Volume836,990 shs
Market Capitalization$3.68 billion
P/E Ratio21.96
Dividend YieldN/A
Beta0.84
Cirrus Logic, Inc., a fabless semiconductor company, develops, manufactures, and markets analog and mixed-signal integrated circuits (ICs) for a range of consumer and industrial markets. The company offers portable and non-portable audio, and other products. Its products include analog and mixed-signal audio converters, and digital signal processing products for mobile applications; codecs-chips that integrate analog-to-digital converters and digital-to-analog converters into a single IC; smart codecs, a codec with digital signal processer; boosted amplifiers; micro-electromechanical systems microphones; digital interface products; and standalone digital signal processors. The company also provides SoundClear technology, which consists of a portfolio of tools, software, and algorithms that offer enhanced voice quality, voice capture, and audio playback features. It provides its products for portable applications, including smartphones, tablets, digital headsets, and speakers, as well as for wearables, such as smart watches and smart bands, VR headsets, and action cameras. The company's products are also used in laptops, audio/video receivers, home theater systems, set-up boxes, musical instruments, and professional audio products applications; and serve the automotive market, which include satellite radio systems, telematics, and multi-speaker car-audio systems. In addition, the company's products are used in industrial and energy-related applications, including digital utility meter, power supply, energy control, energy measurement, and energy exploration applications. It markets and sells its products through direct sales force, external sales representatives, and distributors in the United States and internationally. Cirrus Logic, Inc. was founded in 1984 and is headquartered in Austin, Texas.
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Beat the Market (BTM) Rank

Analyst Opinion: 4.3Community Rank: 2.9Dividend Strength: 0.0Insider Behavior: 1.0Valuation: 1.3 5 -4 -3 -2 -1 -

Overall Beat the Market Rank

1.90 out of 5 stars


Industry, Sector and Symbol

Industry Semiconductors & related devices
Sub-IndustrySemiconductors
Current SymbolNASDAQ:CRUS
CUSIP17275510
Phone512-851-4000

Debt

Price-To-Earnings

Sales & Book Value

Annual Sales$1.28 billion
Cash Flow$4.01 per share
Book Value$20.98 per share

Profitability

Net Income$159.50 million

Miscellaneous

Employees1,443
Market Cap$3.68 billion
Next Earnings Date11/4/2020 (Estimated)
OptionableOptionable
$63.02
+1.51 (+2.45 %)
(As of 09/25/2020 12:00 AM ET)
30 days | 90 days | 365 days | Advanced Chart

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Cirrus Logic (NASDAQ:CRUS) Frequently Asked Questions

How has Cirrus Logic's stock been impacted by Coronavirus (COVID-19)?

Cirrus Logic's stock was trading at $62.76 on March 11th, 2020 when Coronavirus (COVID-19) reached pandemic status according to the World Health Organization. Since then, CRUS stock has increased by 0.4% and is now trading at $63.02.
View which stocks have been most impacted by COVID-19
.

Do Wall Street analysts recommend investors buy shares of Cirrus Logic?

9 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Cirrus Logic in the last year. There are currently 3 hold ratings and 6 buy ratings for the stock, resulting in a consensus recommendation of "Buy."
View analyst ratings for Cirrus Logic
.

When is Cirrus Logic's next earnings date?

Cirrus Logic is scheduled to release its next quarterly earnings announcement on Wednesday, November 4th 2020.
View our earnings forecast for Cirrus Logic
.

How were Cirrus Logic's earnings last quarter?

Cirrus Logic, Inc. (NASDAQ:CRUS) announced its quarterly earnings results on Monday, August, 3rd. The semiconductor company reported $0.53 earnings per share for the quarter, topping analysts' consensus estimates of $0.30 by $0.23. The semiconductor company had revenue of $242.57 million for the quarter, compared to the consensus estimate of $225.25 million. Cirrus Logic had a return on equity of 16.75% and a net margin of 13.47%. The firm's revenue was up 1.8% on a year-over-year basis. During the same period last year, the business earned $0.35 EPS.
View Cirrus Logic's earnings history
.

How will Cirrus Logic's stock buyback program work?

Cirrus Logic announced that its Board of Directors has approved a stock buyback program on Wednesday, January 30th 2019, which allows the company to repurchase $200,000,000.00 in outstanding shares, according to EventVestor. This repurchase authorization allows the company to buy up to 8.9% of its stock through open market purchases. Stock repurchase programs are often an indication that the company's management believes its shares are undervalued.

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

Cirrus Logic updated its second quarter 2021 After-Hours earnings guidance on Monday, August, 3rd. The company provided EPS guidance of for the period. The company issued revenue guidance of $290-330 million, compared to the consensus revenue estimate of $315.04 million.

What price target have analysts set for CRUS?

9 Wall Street analysts have issued 12 month target prices for Cirrus Logic's stock. Their forecasts range from $65.00 to $95.00. On average, they anticipate Cirrus Logic's stock price to reach $81.14 in the next twelve months. This suggests a possible upside of 28.8% from the stock's current price.
View analysts' price targets for Cirrus Logic
.

Are investors shorting Cirrus Logic?

Cirrus Logic saw a drop in short interest in the month of August. As of August 31st, there was short interest totaling 1,260,000 shares, a drop of 24.6% from the August 15th total of 1,670,000 shares. Based on an average trading volume of 943,200 shares, the short-interest ratio is currently 1.3 days. Approximately 2.2% of the shares of the company are sold short.
View Cirrus Logic's Short Interest
.

Who are some of Cirrus Logic's key 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), Skyworks Solutions (SWKS), Walt Disney (DIS), Advanced Micro Devices (AMD) and Cisco Systems (CSCO).

Who are Cirrus Logic's key executives?

Cirrus Logic's management team includes the following people:
  • Dr. Jason P. Rhode, Pres, CEO & Director (Age 49)
  • Mr. Thurman K. Case, CFO, Chief Accounting Officer & VP (Age 62)
  • Mr. Gregory Scott Thomas, Sr. VP, Gen. Counsel & Corp. Sec. (Age 53)
  • Ms. Jo-Dee M. Benson, Chief Culture Officer & VP (Age 59)
  • Mr. Scott A. Anderson, Sr. VP of Supply Chain & Engineering Operations (Age 65)

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 retail and institutional investors. Top institutional shareholders include FMR LLC (13.73%), Vanguard Group Inc. (10.05%), LSV Asset Management (2.20%), Macquarie Group Ltd. (1.81%), AQR Capital Management LLC (1.70%) and Bank of America Corp DE (1.62%). 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 and Timothy R Dehne.
View institutional ownership trends for Cirrus Logic
.

Which major investors are selling Cirrus Logic stock?

CRUS stock was sold by a variety of institutional investors in the last quarter, including AQR Capital Management LLC, Vanguard Group Inc., LSV Asset Management, APG Asset Management N.V., Canada Pension Plan Investment Board, Bank of New York Mellon Corp, Federated Hermes Inc., and Public Employees Retirement System of Ohio. 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, and Scott Arnold Anderson.
View insider buying and selling activity for Cirrus Logic
.

Which major investors are buying Cirrus Logic stock?

CRUS stock was purchased by a variety of institutional investors in the last quarter, including FMR LLC, Bank of America Corp DE, MERIAN GLOBAL INVESTORS UK Ltd, Alyeska Investment Group L.P., Great Lakes Advisors LLC, Two Sigma Advisers LP, Duality Advisers LP, and Seizert Capital Partners LLC.
View insider buying and selling activity for Cirrus Logic
.

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 Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Robinhood, Fidelity, and Charles Schwab.

What is Cirrus Logic's stock price today?

One share of CRUS stock can currently be purchased for approximately $63.02.

How big of a company is Cirrus Logic?

Cirrus Logic has a market capitalization of $3.68 billion and generates $1.28 billion in revenue each year. Cirrus Logic employs 1,443 workers across the globe.

What is Cirrus Logic's official website?

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

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]

This page was last updated on 9/26/2020 by MarketBeat.com Staff

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