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NASDAQ:CRUS

Cirrus Logic (CRUS) Stock Forecast, Price & News

$78.90
-0.56 (-0.70%)
(As of 05/23/2022 03:59 PM ET)
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Compare
Today's Range
$78.26
$79.77
50-Day Range
$73.59
$88.07
52-Week Range
$73.45
$95.84
Volume
5,442 shs
Average Volume
499,448 shs
Market Capitalization
$4.52 billion
P/E Ratio
14.29
Dividend Yield
N/A
Beta
0.9
30 days | 90 days | 365 days | Advanced Chart
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Cirrus Logic logo

About Cirrus Logic

Cirrus Logic, Inc., a fabless semiconductor company, provides low-power, high-precision mixed-signal processing solutions in the United States and internationally. It offers portable products, including codecs-chips that integrate analog-to-digital converters (ADCs) and digital-to-analog converters (DACs) into a single IC; smart codecs, a codec with digital signal processer; boosted amplifiers; micro-electromechanical systems microphones; haptic drivers; digital signal processors; and SoundClear technology, which consists of a portfolio of tools, software, and algorithms that offer enhanced voice quality, voice capture, and audio playback features. 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 offers high-performance mixed-signal products, such as haptic driver and sensing solutions, camera controllers, and power-related components 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.

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Industry, Sector and Symbol

Industry
Semiconductors & related devices
Sub-Industry
Semiconductors
Current Symbol
NASDAQ:CRUS
CUSIP
17275510
Employees
1,481
Year Founded
1984

Sales & Book Value

Annual Sales
$1.78 billion
Cash Flow
$7.25 per share
Book Value
$27.93 per share

Profitability

Net Income
$326.36 million
Pretax Margin
20.69%

Debt

Price-To-Earnings

Miscellaneous

Free Float
56,235,000
Market Cap
$4.52 billion
Optionable
Optionable

Company Calendar

Last Earnings
5/03/2022
Today
5/23/2022
Next Earnings (Estimated)
7/27/2022
Fiscal Year End
3/31/2023

Social Links


MarketRank

Overall MarketRank

2.66 out of 5 stars

Computer And Technology Sector

133rd out of 919 stocks

Semiconductors & Related Devices Industry

26th out of 122 stocks

Analyst Opinion: 3.4Community Rank: 4.9Dividend Strength: 0.0Insider Behavior: 2.5Valuation: 2.5 5 -4 -3 -2 -1 -













Cirrus Logic (NASDAQ:CRUS) Frequently Asked Questions

Is Cirrus Logic a buy right now?

13 Wall Street equities research analysts have issued "buy," "hold," and "sell" ratings for Cirrus Logic in the last year. There are currently 1 sell rating, 1 hold rating and 11 buy ratings for the stock. The consensus among Wall Street equities research analysts is that investors should "buy" Cirrus Logic stock.
View analyst ratings for Cirrus Logic
or view top-rated stocks.

When is Cirrus Logic's next earnings date?

Cirrus Logic is scheduled to release its next quarterly earnings announcement on Wednesday, July 27th 2022.
View our earnings forecast for Cirrus Logic
.

How were Cirrus Logic's earnings last quarter?

Cirrus Logic, Inc. (NASDAQ:CRUS) released its quarterly earnings data on Tuesday, May, 3rd. The semiconductor company reported $1.78 EPS for the quarter, topping the consensus estimate of $1.18 by $0.60. The semiconductor company earned $498.97 million during the quarter, compared to analyst estimates of $420.19 million. Cirrus Logic had a trailing twelve-month return on equity of 23.52% and a net margin of 18.32%. Cirrus Logic's quarterly revenue was up 70.0% on a year-over-year basis. During the same quarter in the previous year, the firm posted $0.47 earnings per share.
View Cirrus Logic's earnings history
.

How will Cirrus Logic's stock buyback program work?

Cirrus Logic announced that its Board of Directors has authorized a share repurchase program on Monday, February 1st 2021, which authorizes the company to repurchase $350,000,000.00 in outstanding 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 typically an indication that the company's leadership believes its shares are undervalued.

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

Cirrus Logic issued an update on its first quarter 2023 earnings guidance on Monday, May, 9th. The company provided earnings per share (EPS) guidance of for the period. The company issued revenue guidance of $350.00 million-$390.00 million, compared to the consensus revenue estimate of $299.98 million.

What price target have analysts set for CRUS?

13 brokerages have issued 12 month price objectives for Cirrus Logic's shares. Their forecasts range from $85.79 to $120.00. On average, they expect Cirrus Logic's stock price to reach $105.57 in the next year. This suggests a possible upside of 33.6% 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:
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.

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 investors include Vanguard Group Inc. (10.37%), BlackRock Inc. (10.05%), Mackenzie Financial Corp (4.48%), State Street Corp (3.47%), Wellington Management Group LLP (3.44%) and Dimensional Fund Advisors LP (2.50%). Company insiders that own Cirrus Logic 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 Thomas, 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 Panagora Asset Management Inc., Acadian Asset Management LLC, Prudential Financial Inc., BlackRock Inc., Assenagon Asset Management S.A., Lazard Asset Management LLC, Woodline Partners LP, and PEAK6 Investments LLC. Company insiders that have sold Cirrus Logic company stock in the last year include Alan R Schuele, Alexander M Davern, Allan Hughes, Andrew Brannan, Carl Jackson Alberty, Jeffrey W Baumgartner, Jodee Benson, Justin E Dougherty, Scott Thomas, and Thurman K Case.
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 acquired by a variety of institutional investors in the last quarter, including Wellington Management Group LLP, Mackenzie Financial Corp, Vanguard Group Inc., LSV Asset Management, Renaissance Technologies LLC, State Street Corp, Jane Street Group LLC, and Fuller & Thaler Asset Management 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.
Compare Top Brokerages Here.

What is Cirrus Logic's stock price today?

One share of CRUS stock can currently be purchased for approximately $79.02.

How much money does Cirrus Logic make?

Cirrus Logic has a market capitalization of $4.53 billion and generates $1.78 billion in revenue each year. The semiconductor company earns $326.36 million in net income (profit) each year or $5.519990 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.

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, via email at [email protected], or via fax at 800-888-5016.

This page was last updated on 5/23/2022 by MarketBeat.com Staff

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