NASDAQ:CRUSCirrus Logic Stock Price, Forecast & News

Cirrus Logic's stock was trading at $62.76 on March 11th, 2020 when COVID-19 reached pandemic status according to the World Health Organization (WHO). Since then, CRUS stock has decreased by 3.8% and is now trading at $60.40.
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9 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Cirrus Logic in the last year. There are currently 1 sell rating, 3 hold ratings and 5 buy ratings for the stock, resulting in a consensus recommendation of "Hold."
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Cirrus Logic is scheduled to release its next quarterly earnings announcement on Wednesday, November 4th 2020.
View our earnings forecast for Cirrus Logic.

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

Cirrus Logic declared that its board has approved a share buyback plan on Wednesday, January 30th 2019, which authorizes the company to repurchase $200,000,000.00 in shares, according to EventVestor. This repurchase authorization authorizes the company to repurchase up to 8.9% of its stock through open market purchases. Stock repurchase plans are generally a sign that the company's leadership believes its shares are undervalued.

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

9 analysts have issued 12-month price objectives for Cirrus Logic's stock. Their forecasts range from $60.00 to $95.00. On average, they anticipate Cirrus Logic's stock price to reach $79.71 in the next twelve months. This suggests a possible upside of 32.0% from the stock's current price.
View analysts' price targets for Cirrus Logic.

News stories about CRUS stock have been trending somewhat negative this week, according to InfoTrie Sentiment. The research firm ranks the sentiment of press coverage by analyzing more than six thousand blog and news sources. The firm ranks coverage of publicly-traded companies on a scale of -5 to 5, with scores nearest to five being the most favorable. Cirrus Logic earned a media sentiment score of -1.5 on InfoTrie's scale. They also assigned news headlines about the semiconductor company a news buzz of 7.0 out of 10, indicating that recent press coverage is likely to have an effect on the company's share price in the next few days.
View the latest news about Cirrus Logic.

Cirrus Logic saw a decrease in short interest in June. As of June 30th, there was short interest totaling 1,580,000 shares, a decrease of 19.4% from the June 15th total of 1,960,000 shares. Based on an average daily trading volume, of 923,900 shares, the days-to-cover ratio is presently 1.7 days. Approximately 2.7% of the shares of the company are sold short.
View Cirrus Logic's Short Interest.

Some companies that are related to Cirrus Logic include NVIDIA (NVDA), Intel (INTC), Broadcom (AVGO), Texas Instruments (TXN), Micron Technology (MU), Analog Devices (ADI), Microchip Technology (MCHP), Xilinx (XLNX), Skyworks Solutions (SWKS), Marvell Technology Group (MRVL), Maxim Integrated Products (MXIM), Monolithic Power Systems (MPWR), Cree (CREE), First Solar (FSLR) and Inphi (IPHI).
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Based on aggregate information from My MarketBeat watchlists, some companies that other Cirrus Logic investors own include Hawkins (HWKN), Micron Technology (MU), NVIDIA (NVDA), Intel (INTC), Netflix (NFLX), Skyworks Solutions (SWKS), QUALCOMM (QCOM), Walt Disney (DIS), Alibaba Group (BABA) and salesforce.com (CRM).

Cirrus Logic trades on the NASDAQ under the ticker symbol "CRUS."

Cirrus Logic's stock is owned by a number of retail and institutional investors. Top institutional investors include FMR LLC (13.73%), Vanguard Group Inc. (10.05%), LSV Asset Management (2.20%), Macquarie Group Ltd. (1.81%), Bank of America Corp DE (1.62%) and Bank of New York Mellon Corp (1.12%). 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.

CRUS stock was sold by a variety of institutional investors in the last quarter, including 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., UBS Group AG, and Goldman Sachs Group Inc.. 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.

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, Duality Advisers LP, Seizert Capital Partners LLC, and Cubist Systematic Strategies LLC.
View insider buying and selling activity for 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.

One share of CRUS stock can currently be purchased for approximately $60.40.

Cirrus Logic has a market capitalization of $3.53 billion and generates $1.28 billion in revenue each year. Cirrus Logic employs 1,443 workers across the globe.

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

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]