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NASDAQ:CRUS

Cirrus Logic Stock Forecast, Price & News

$76.42
-0.89 (-1.15 %)
(As of 11/23/2020 10:32 AM ET)
Add
Compare
Today's Range
$76.39
Now: $76.42
$77.78
50-Day Range
$66.63
MA: $71.01
$77.01
52-Week Range
$47.04
Now: $76.42
$91.63
Volume8,623 shs
Average Volume785,616 shs
Market Capitalization$4.43 billion
P/E Ratio29.51
Dividend YieldN/A
Beta0.86
Cirrus Logic, Inc., a fabless semiconductor company, develops, manufactures, and markets analog and mixed-signal integrated circuits (ICs) 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 provides its portable products for use in smartphones, tablets, digital headsets; and wearables. It also offers non-portable and other products comprising codecs, ADCs, DACs, digital interfaces, and amplifiers for use in laptops, home theater systems, and musical instruments; satellite radio systems; and high-precision industrial and energy-related applications, including digital utility meters, power supplies, energy control, energy measurement, and energy exploration applications. The company markets and sells its products through direct sales force, external sales representatives, and distributors. Cirrus Logic, Inc. was founded in 1984 and is headquartered in Austin, Texas
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Cirrus Logic logo

Beat the Market (BTM) Rank

Analyst Opinion: 1.3Community Rank: 2.9Dividend Strength: 0.0Insider Behavior: 1.7Valuation: 1.3 5 -4 -3 -2 -1 -

Overall Beat the Market Rank

1.43 out of 5 stars


Industry, Sector and Symbol

Industry Semiconductors & related devices
Sub-IndustrySemiconductors
Current SymbolNASDAQ:CRUS
CUSIP17275510
Phone512-851-4000
Employees1,443

Debt

Price-To-Earnings

Sales & Book Value

Annual Sales$1.28 billion
Cash Flow$3.84 per share
Book Value$22.72 per share

Profitability

Net Income$159.50 million

Miscellaneous

Market Cap$4.43 billion
Next Earnings Date2/3/2021 (Estimated)
OptionableOptionable
$76.42
-0.89 (-1.15 %)
(As of 11/23/2020 10:32 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 the U.S. presidential election?

Cirrus Logic's stock was trading at $66.63 on November 3rd, 2020 when the U.S. presidential election occured and Joe Biden was elected president. Since then, CRUS stock has increased by 16.0% and is now trading at $77.31.
View which stocks have been most impacted by the election
.

How has Cirrus Logic's stock price been impacted by Coronavirus?

Cirrus Logic's stock was trading at $62.76 on March 11th, 2020 when Coronavirus reached pandemic status according to the World Health Organization (WHO). Since then, CRUS stock has increased by 23.2% and is now trading at $77.31.
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
.

What stocks does MarketBeat like better than Cirrus Logic?

Wall Street analysts have given Cirrus Logic a "Buy" rating, but there may be better short-term opportunities in the market. Some of MarketBeat's winning trading ideas this year have resulted in 5-15% weekly gains. MarketBeat just released five new trading ideas, but Cirrus Logic wasn't one of them. MarketBeat thinks these five stocks may be even better buys.
View MarketBeat's top stock picks here.

When is Cirrus Logic's next earnings date?

Cirrus Logic is scheduled to release its next quarterly earnings announcement on Wednesday, February 3rd 2021.
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 Saturday, November, 7th. The semiconductor company reported $1.26 earnings per share for the quarter, topping the consensus estimate of $0.90 by $0.36. The semiconductor company earned $347.33 million during the quarter, compared to analyst estimates of $310.18 million. Cirrus Logic had a return on equity of 14.92% and a net margin of 12.57%. The firm's revenue for the quarter was down 10.7% compared to the same quarter last year. During the same quarter in the prior year, the company earned $1.55 EPS.
View Cirrus Logic's earnings history
.

How will Cirrus Logic's stock buyback program work?

Cirrus Logic declared that its board has initiated a stock buyback plan on Wednesday, January 30th 2019, which permits the company to repurchase $200,000,000.00 in outstanding shares, according to EventVestor. This repurchase authorization permits the company to buy up to 8.9% of its shares through open market purchases. Shares repurchase plans 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 updated its third quarter 2021 After-Hours earnings guidance on Monday, November, 2nd. The company provided EPS guidance of for the period. The company issued revenue guidance of $440-480 million, compared to the consensus revenue estimate of $354.42 million.

What price target have analysts set for CRUS?

9 brokers have issued 12 month price objectives for Cirrus Logic's shares. Their forecasts range from $65.00 to $95.00. On average, they anticipate Cirrus Logic's share price to reach $84.43 in the next twelve months. This suggests a possible upside of 9.2% 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 October. As of October 30th, there was short interest totaling 846,700 shares, a drop of 14.5% from the October 15th total of 989,800 shares. Based on an average daily trading volume, of 597,700 shares, the days-to-cover ratio is presently 1.4 days. Currently, 1.5% of the company's stock 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), The Walt Disney (DIS), Skyworks Solutions (SWKS), 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, CEO & Director (Age 50, Pay $2.48M)
  • Mr. John M. Forsyth, Pres (Age 46, Pay $768.44k)
  • Mr. Thurman K. Case, VP of Fin., CFO & Principal Accounting Officer (Age 63, Pay $836.1k)
  • Mr. Gregory Scott Thomas, Sr. VP, Gen. Counsel & Corp. Sec. (Age 54, Pay $779.29k)
  • Mr. Carl Jackson Alberty, VP of Mixed-Signal Products
  • Ms. Chelsea Heffernan, Director of Investor Relations
  • Mr. Andrew Brannan, VP of Worldwide Sales (Age 53)
  • Ms. Jo-Dee M. Benson, VP & Chief Culture Officer (Age 60)
  • Mr. Scott A. Anderson, Sr. VP of Supply Chain (Age 66)
  • Ms. Jonanna Mikulenka, Corp. Controller

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 retail and institutional investors. Top institutional shareholders include BlackRock Inc. (11.82%), State Street Corp (2.76%), LSV Asset Management (2.09%), Royce & Associates LP (1.35%), Acadian Asset Management LLC (1.31%) and AQR Capital Management LLC (0.99%). 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 institutional 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, BlackRock Inc., Arrowstreet Capital Limited Partnership, BNP Paribas Arbitrage SA, Squarepoint Ops LLC, Paloma Partners Management Co, Charles Schwab Investment Management Inc., and Acadian Asset Management 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, and Thurman K Case.
View insider buying and selling activity for Cirrus Logic
.

Which institutional investors are buying Cirrus Logic stock?

CRUS stock was bought by a variety of institutional investors in the last quarter, including Rothschild & Co. Asset Management US Inc., Jupiter Asset Management Ltd., First Trust Advisors LP, Letko Brosseau & Associates Inc., AXA S.A., Sei Investments Co., Point72 Asset Management L.P., and Landsberg Bennett & Dubbaneh 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 $77.31.

How big of a company is Cirrus Logic?

Cirrus Logic has a market capitalization of $4.48 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 11/23/2020 by MarketBeat.com Staff

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