NASDAQ:CRUSCirrus Logic Stock Price, Forecast & News

$70.74

-1.00 (-1.39 %)

(As of 06/2/2020 01:38 PM ET)

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Today's Range

$70.70

Now: $70.74▼

$72.51

50-Day Range

$64.58

MA: $70.99▼

$78.28

52-Week Range

$37.66

Now: $70.74▼

$91.63

Volume12,651 shs

Average Volume646,102 shs

Market Capitalization$4.15 billion

P/E Ratio26.69

Dividend YieldN/A

Beta0.99

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.

Beat the Market (BTM) Rank^™

1.3 Analyst's Opinion

Consensus Rating
Cirrus Logic has received a consensus rating of Buy. The company's average rating score is 2.63, and is based on 5 buy ratings, 3 hold ratings, and no sell ratings.
Price Target Upside/Downside
According to analysts' consensus price target of $77.63, Cirrus Logic has a potential upside of 9.7% from its current price of $70.74.
Amount of Analyst Coverage
Cirrus Logic has only been the subject of 4 research reports in the past 90 days.

2.9 Community Rank

Outperform Votes
Cirrus Logic has received 669 “outperform” votes. (Add your “outperform” vote.)
Underperform Votes
Cirrus Logic has received 471 “underperform” votes. (Add your “underperform” vote.)
Community Sentiment
Cirrus Logic has received 58.68% “outperform” votes from our community.

MarketBeat's community ratings are surveys of what our community members think about Cirrus Logic and other stocks. Vote “Outperform” if you believe CRUS will outperform the S&P 500 over the long term. Vote “Underperform” if you believe CRUS will underperform the S&P 500 over the long term. You may vote once every thirty days.

0.0 Dividend Strength

Dividend Yield
Cirrus Logic does not currently pay a dividend.
Dividend Growth
Cirrus Logic does not have a long track record of dividend growth.

1.0 Company Ownership

Insider Buying vs. Insider Selling
In the past three months, Cirrus Logic insiders have sold more of their company's stock than they have bought. Specifically, they have bought $0.00 in company stock and sold $7,966,155.00 in company stock.
Percentage Held by Insiders
Only 2.79% of the stock of Cirrus Logic is held by insiders.
Percentage Held by Institutions
86.30% of the stock of Cirrus Logic is held by institutions. High institutional ownership can be a signal of strong market trust in this company.

1.3 Earnings and Valuation

Earnings Growth
Earnings for Cirrus Logic are expected to grow by 14.78% in the coming year, from $2.30 to $2.64 per share.
Price to Earnings Ratio vs. the Market
The P/E ratio of Cirrus Logic is 26.69, which means that it is trading at a more expensive P/E ratio than the market average P/E ratio of about 15.71.
Price to Earnings Ratio vs. Sector
The P/E ratio of Cirrus Logic is 26.69, which means that it is trading at a less expensive P/E ratio than the Computer and Technology sector average P/E ratio of about 40.62.
Price to Earnings Growth Ratio
Cirrus Logic has a PEG Ratio of 3.71. PEG Ratios above 1 indicate that a company could be overvalued.
Price to Book Value per Share Ratio
Cirrus Logic has a P/B Ratio of 3.37. P/B Ratios above 3 indicate that a company could be overvalued with respect to its assets and liabilities.

Overall Beat the Market Rank^™

1.29 out of 5 stars

Industry, Sector and Symbol

Stock Exchange NASDAQ

Industry Semiconductors & related devices

Sub-IndustrySemiconductors

SectorComputer and Technology

Current SymbolNASDAQ:CRUS

Previous Symbol

CUSIP17275510

CIK772406

Webwww.cirrus.com

Phone512-851-4000

Debt

Debt-to-Equity Ratio0.11

Current Ratio4.10

Quick Ratio3.17

Price-To-Earnings

Trailing P/E Ratio26.69

Forward P/E Ratio30.76

P/E Growth3.71

Sales & Book Value

Annual Sales$1.28 billion

Price / Sales3.24

Cash Flow$3.79 per share

Price / Cash Flow18.66

Book Value$20.98 per share

Price / Book3.37

Profitability

EPS (Most Recent Fiscal Year)N/A

Net Income$159.50 million

Net Margins12.45%

Return on Equity16.46%

Return on Assets12.52%

Miscellaneous

Employees1,443

Outstanding Shares58,630,000

Market Cap$4.15 billion

Next Earnings Date7/29/2020 (Estimated)

OptionableOptionable

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Cirrus Logic (NASDAQ:CRUS) Frequently Asked Questions

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

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 shares have increased by 12.7% and is now trading at $70.74. View which stocks have been most impacted by Coronavirus.

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

8 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Cirrus Logic in the last year. There are currently 3 hold ratings and 5 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, July 29th 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 data on Monday, May, 4th. The semiconductor company reported $0.68 earnings per share for the quarter, beating the consensus estimate of $0.50 by $0.18. The semiconductor company earned $279.29 million during the quarter, compared to the consensus estimate of $258.73 million. Cirrus Logic had a return on equity of 16.46% and a net margin of 12.45%. The firm's revenue was up 16.2% on a year-over-year basis. During the same period last year, the firm posted $0.37 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 stock repurchase program on Wednesday, January 30th 2019, which permits the company to buyback $200,000,000.00 in outstanding shares, according to EventVestor. This buyback authorization permits the company to purchase up to 8.9% of its stock through open market purchases. Stock buyback programs are often a sign 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 first quarter 2021 After-Hours earnings guidance on Monday, May, 4th. The company provided EPS guidance of for the period. The company issued revenue guidance of $200-250 million, compared to the consensus revenue estimate of $248.55 million.

What price target have analysts set for CRUS?

8 brokerages have issued twelve-month price targets for Cirrus Logic's shares. Their forecasts range from $62.00 to $95.00. On average, they expect Cirrus Logic's share price to reach $77.63 in the next twelve months. This suggests a possible upside of 9.7% from the stock's current price. View analysts' price targets for Cirrus Logic.

Has Cirrus Logic been receiving favorable news coverage?

News articles about CRUS stock have trended very positive recently, InfoTrie Sentiment Analysis reports. InfoTrie rates the sentiment of press coverage by monitoring more than six thousand blog and news sources in real-time. The firm ranks coverage of 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 3.8 on InfoTrie's scale. They also assigned press coverage about the semiconductor company a news buzz of 0.0 out of 10, indicating that recent press coverage is extremely unlikely to have an effect on the stock's share price in the near term. View the latest news aboutCirrus Logic.

Who are some of Cirrus Logic's key competitors?

Some companies that are related to Cirrus Logic include Intel (INTC), NVIDIA (NVDA), Broadcom (AVGO), Texas Instruments (TXN), Micron Technology (MU), Analog Devices (ADI), Microchip Technology (MCHP), Xilinx (XLNX), Marvell Technology Group (MRVL), Skyworks Solutions (SWKS), Maxim Integrated Products (MXIM), Monolithic Power Systems (MPWR), Cypress Semiconductor (CY), Inphi (IPHI) and Cree (CREE). View all 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), Micron Technology (MU), NVIDIA (NVDA), Netflix (NFLX), Intel (INTC), Skyworks Solutions (SWKS), Alibaba Group (BABA), CA (CA), Walt Disney (DIS) and QUALCOMM (QCOM).

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 BlackRock Inc. (14.96%), State Street Corp (3.50%), AQR Capital Management LLC (2.54%), Geode Capital Management LLC (1.77%), Acadian Asset Management LLC (1.40%) and Bank of New York Mellon Corp (1.32%). 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, Timothy R Dehne and William D Sherman. 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 APG Asset Management N.V., APG Asset Management N.V., APG Asset Management N.V., AQR Capital Management LLC, BlackRock Inc., Federated Hermes Inc., Public Sector Pension Investment Board, and Lord Abbett & CO. LLC. 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, Scott Arnold Anderson, Thurman K Case, and Timothy R Dehne. View insider buying and selling activity for Cirrus Logic.

Which institutional investors are buying Cirrus Logic stock?

CRUS stock was purchased by a variety of institutional investors in the last quarter, including Sandler Capital Management, MERIAN GLOBAL INVESTORS UK Ltd, Retirement Systems of Alabama, JPMorgan Chase & Co., Ziegler Capital Management LLC, Deutsche Bank AG, UBS Group AG, and Los Angeles Capital Management & Equity Research Inc.. 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 $70.74.

How big of a company is Cirrus Logic?

Cirrus Logic has a market capitalization of $4.15 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 6/2/2020 by MarketBeat.com Staff