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NASDAQ:CRUS

Cirrus Logic - CRUS Stock Forecast, Price & News

$106.56
+4.19 (+4.09%)
(As of 02/7/2023 03:52 PM ET)
Add
Compare
Today's Range
$101.62
$107.31
50-Day Range
$70.96
$102.38
52-Week Range
$61.94
$107.31
Volume
767,544 shs
Average Volume
608,390 shs
Market Capitalization
$5.89 billion
P/E Ratio
18.76
Dividend Yield
N/A
Price Target
$106.36

Cirrus Logic MarketRank™ Forecast

Analyst Rating
Moderate Buy
2.71 Rating Score
Upside/​Downside
0.2% Downside
$106.36 Price Target
Short Interest
Healthy
3.03% of Float Sold Short
Dividend Strength
N/A
Sustainability
-1.77
Upright™ Environmental Score
News Sentiment
0.81mentions of Cirrus Logic in the last 14 days
Based on 30 Articles This Week
Insider Trading
Selling Shares
$249,682 Sold Last Quarter
Proj. Earnings Growth
15.95%
From $4.89 to $5.67 Per Share

Overall MarketRank

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

2.55 out of 5 stars

Computer And Technology Sector

132nd out of 610 stocks

Semiconductors & Related Devices Industry

21st out of 89 stocks

CRUS stock logo

About Cirrus Logic (NASDAQ:CRUS) Stock

Cirrus Logic, Inc. engages in the development of high-precision, analog and mixed-signal integrated circuits for a range of customers. It builds an analog and signal-processing patent portfolio. The firm delivers optimized products for a variety of audio, industrial and energy-related applications. Its product lines include portable audio products and non-portable audio and other products. The company was founded by Suhas S. Patil and Michael L. Hackworth in 1984 and is headquartered in Austin, TX.

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CRUS Stock News Headlines

Cirrus Logic (NASDAQ:CRUS) Price Target Raised to $110.00 at Cowen
A gold storm is coming…
“We are in the early stages of a mania – the calm before the storm.”...
GRAPHITE: "Essential for America's National Defense"
Did you know each EV battery contains up to 220 pounds of graphite and China controls more than 90% of the world's graphite trade? But now that the U.S. has classified it as "essential for America's National Defense"... one little-known company could become America's ONLY fully integrated graphite provider.
Why Cirrus Logic Shares Are Trading HIgher Today?
Cirrus Logic (NASDAQ:CRUS) Downgraded by StockNews.com
Cirrus Logic (CRUS) Set to Announce Quarterly Earnings on Thursday
Diodes (DIOD) Earnings Expected to Grow: Should You Buy?
Cirrus Logic to Report Third Quarter Fiscal 2023 Results
Here's Why You Need to Keep an Eye on Cirrus Logic (CRUS)
See More Headlines
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CRUS Company Calendar

Last Earnings
2/02/2023
Today
2/07/2023
Fiscal Year End
3/31/2023
Next Earnings (Estimated)
5/02/2023

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
$106.36
High Stock Price Forecast
$120.00
Low Stock Price Forecast
$80.00
Forecasted Upside/Downside
-0.2%
Consensus Rating
Moderate Buy
Rating Score (0-4)
2.71
Research Coverage
7 Analysts

Profitability

Net Income
$326.36 million
Pretax Margin
20.91%

Debt

Sales & Book Value

Annual Sales
$1.78 billion
Cash Flow
$7.60 per share
Book Value
$27.93 per share

Miscellaneous

Free Float
54,765,000
Market Cap
$5.89 billion
Optionable
Optionable
Beta
1.04

Social Links


Key Executives

  • Venkatesh R. Nathamuni
    Chief Financial Officer
  • Jeffrey W. BaumgartnerJeffrey W. Baumgartner
    Vice President-Research & Development
  • Allan William Hughes
    Vice President-Information Technology
  • Gregory Scott Thomas
    Secretary, Senior Vice President & General Counsel
  • Carl J. Alberty
    Vice President-Mixed-Signal Products













CRUS Stock - Frequently Asked Questions

Should I buy or sell Cirrus Logic stock right now?

7 Wall Street research analysts have issued "buy," "hold," and "sell" ratings for Cirrus Logic in the last twelve months. There are currently 1 sell rating and 6 buy ratings for the stock. The consensus among Wall Street 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 2023?

7 equities research analysts have issued 12-month target prices for Cirrus Logic's shares. Their CRUS share price forecasts range from $80.00 to $120.00. On average, they expect the company's share price to reach $106.36 in the next twelve months. This suggests a possible upside of 1.2% 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 2023?

Cirrus Logic's stock was trading at $74.48 at the beginning of 2023. Since then, CRUS stock has increased by 41.1% and is now trading at $105.12.
View the best growth stocks for 2023 here
.

When is Cirrus Logic's next earnings date?

The company is scheduled to release its next quarterly earnings announcement on Tuesday, May 2nd 2023.
View our CRUS earnings forecast
.

How were Cirrus Logic's earnings last quarter?

Cirrus Logic, Inc. (NASDAQ:CRUS) announced its quarterly earnings results on Thursday, February, 2nd. The semiconductor company reported $2.40 earnings per share for the quarter, topping the consensus estimate of $1.99 by $0.41. The semiconductor company earned $590.58 million during the quarter, compared to the consensus estimate of $543.55 million. Cirrus Logic had a net margin of 16.22% and a trailing twelve-month return on equity of 22.50%. The firm's revenue for the quarter was up 7.7% compared to the same quarter last year. During the same quarter last year, the firm earned $2.28 EPS.

How will Cirrus Logic's stock buyback program work?

Cirrus Logic announced that its Board of Directors has initiated a share buyback program on Tuesday, August 2nd 2022, which authorizes the company to repurchase $500,000,000.00 in outstanding shares, according to EventVestor. This repurchase authorization authorizes the company to reacquire up to 10.7% of its stock through open market purchases. Stock repurchase programs are typically 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 updated its fourth quarter 2023 earnings guidance on Thursday, February, 2nd. The company provided EPS guidance of for the period. The company issued revenue guidance of $340.00 million-$400.00 million, compared to the consensus revenue estimate of $372.07 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 a number of retail and institutional investors. Top institutional shareholders include Assenagon Asset Management S.A. (0.46%), Seizert Capital Partners LLC (0.23%), Smith Graham & Co. Investment Advisors LP (0.20%), Retirement Systems of Alabama (0.17%), Allspring Global Investments Holdings LLC (0.11%) and State of Alaska Department of Revenue (0.10%). Insiders that own company stock include Alan R Schuele, Alan R Schuele, Alexander M Davern, Allan Hughes, Andrew Brannan, 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 $105.12.

How much money does Cirrus Logic make?

Cirrus Logic (NASDAQ:CRUS) has a market capitalization of $5.81 billion and generates $1.78 billion in revenue each year. The semiconductor company earns $326.36 million in net income (profit) each year or $5.68 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.
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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 2/7/2023 by MarketBeat.com Staff