Cirrus Logic Stock Forecast, Price & 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. Since then, CRUS stock has increased by 52.4% and is now trading at $95.63.
View which stocks have been most impacted by COVID-19.

10 Wall Street equities research analysts have issued "buy," "hold," and "sell" ratings for Cirrus Logic in the last year. There are currently 3 hold ratings and 7 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 MarketBeat's top 5 stock picks.

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 past winning trading ideas 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.

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.

Cirrus Logic is scheduled to release its next quarterly earnings announcement on Monday, February 1st 2021.
View our earnings forecast for Cirrus Logic.

Cirrus Logic will be holding an earnings conference call on Monday, February 1st at 12:00 AM Eastern. Interested parties can register for or listen to the call using this link or dial in at Not Available.

Cirrus Logic, Inc. (NASDAQ:CRUS) released its earnings results on Saturday, November, 7th. The semiconductor company reported $1.26 earnings per share for the quarter, topping the Zacks' consensus estimate of $0.90 by $0.36. The semiconductor company earned $347.33 million during the quarter, compared to analysts' expectations of $310.18 million. Cirrus Logic had a trailing twelve-month return on equity of 14.92% and a net margin of 12.57%. Cirrus Logic's revenue was down 10.7% compared to the same quarter last year. During the same period in the previous year, the firm posted $1.55 earnings per share.
View Cirrus Logic's earnings history.

Cirrus Logic announced that its board has initiated a share buyback program on Wednesday, January 30th 2019, which allows the company to repurchase $200,000,000.00 in shares, according to EventVestor. This repurchase authorization allows the company to repurchase up to 8.9% of its stock through open market purchases. Stock repurchase programs are often an indication that the company's management believes its stock is undervalued.

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.

10 brokerages have issued 12 month price objectives for Cirrus Logic's shares. Their forecasts range from $80.00 to $100.00. On average, they anticipate Cirrus Logic's stock price to reach $89.50 in the next twelve months. This suggests that the stock has a possible downside of 6.4%.
View analysts' price targets for Cirrus Logic or view Wall Street analyst' top-rated stocks.

Cirrus Logic saw a increase in short interest during the month of December. As of December 31st, there was short interest totaling 990,700 shares, an increase of 43.8% from the December 15th total of 688,800 shares. Based on an average trading volume of 519,600 shares, the short-interest ratio is presently 1.9 days. Currently, 1.7% of the company's shares 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), Marvell Technology Group (MRVL), Xilinx (XLNX), Skyworks Solutions (SWKS), Maxim Integrated Products (MXIM), Monolithic Power Systems (MPWR), Cree (CREE), First Solar (FSLR) and SunPower (SPWR).
View all of CRUS's competitors.

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).

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

Cirrus Logic's stock is owned by a variety of retail and institutional investors. Top institutional investors include Retirement Systems of Alabama (0.27%), Smith Graham & Co. Investment Advisors LP (0.26%), New York State Teachers Retirement System (0.17%), Landsberg Bennett & Dubbaneh LLC (0.07%), Miracle Mile Advisors LLC (0.06%) and Congress Asset Management Co. MA (0.06%). Company insiders that own Cirrus Logic stock include Bradley J Fluke, Carl Jackson Alberty, 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 Retirement Systems of Alabama, Pacer Advisors Inc., Smith Graham & Co. Investment Advisors LP, New York State Teachers Retirement System, Congress Asset Management Co. MA, HGK Asset Management Inc., State of Alaska Department of Revenue, and Allworth Financial LP. Company insiders that have sold Cirrus Logic company stock in the last year include Bradley J Fluke, Carl Jackson Alberty, Jason P Rhode, John C Carter, John Forsyth, Scott Arnold Anderson, and Thurman K Case.
View insider buying and selling activity for Cirrus Logic or view top insider-selling stocks.

CRUS stock was bought by a variety of institutional investors in the last quarter, including Janney Montgomery Scott LLC, Hollencrest Capital Management, JJJ Advisors Inc., and Strs Ohio.
View insider buying and selling activity for Cirrus Logic or or view top insider-buying stocks.

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.

One share of CRUS stock can currently be purchased for approximately $95.63.

Cirrus Logic has a market capitalization of $5.54 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]