NASDAQ:CRUSCirrus Logic Stock Price, Forecast & News

Cirrus Logic's stock was trading at $62.76 on March 11th, 2020 when COVID-19 (Coronavirus) reached pandemic status according to the World Health Organization (WHO). Since then, CRUS shares have decreased by 3.4% and is now trading at $60.65. View which stocks have been most impacted by Coronavirus.

8 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Cirrus Logic in the last year. There are currently 1 sell rating, 2 hold ratings and 5 buy ratings for the stock, resulting in a consensus recommendation of "Buy." View analyst ratings for Cirrus Logic.

Cirrus Logic is scheduled to release its next quarterly earnings announcement on Wednesday, July 29th 2020. View our earnings forecast for Cirrus Logic.

Cirrus Logic, Inc. (NASDAQ:CRUS) announced its quarterly earnings results on Monday, May, 4th. The semiconductor company reported $0.68 earnings per share (EPS) for the quarter, topping the Zacks' consensus estimate of $0.50 by $0.18. The semiconductor company earned $279.29 million during the quarter, compared to analysts' expectations of $258.73 million. Cirrus Logic had a return on equity of 16.46% and a net margin of 12.45%. The company's quarterly revenue was up 16.2% on a year-over-year basis. During the same period in the prior year, the company posted $0.37 earnings per share. View Cirrus Logic's earnings history.

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

Cirrus Logic updated its first quarter 2021 After-Hours earnings guidance on Monday, May, 4th. The company provided earnings per share (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.

8 Wall Street analysts have issued 12-month target prices for Cirrus Logic's stock. Their forecasts range from $60.00 to $95.00. On average, they expect Cirrus Logic's share price to reach $77.00 in the next twelve months. This suggests a possible upside of 27.0% from the stock's current price. View analysts' price targets for Cirrus Logic.

News headlines about CRUS stock have trended negative this week, according to InfoTrie Sentiment. The research firm identifies negative and positive news coverage by reviewing more than six thousand blog and news sources. The firm ranks coverage of publicly-traded companies on a scale of negative five to positive five, with scores nearest to five being the most favorable. Cirrus Logic earned a coverage optimism score of -2.8 on InfoTrie's scale. They also gave news stories about the semiconductor company a news buzz of 0.0 out of 10, indicating that recent news coverage is extremely unlikely 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 increase in short interest in June. As of June 15th, there was short interest totaling 1,760,000 shares, an increase of 6.7% from the May 31st total of 1,650,000 shares. Based on an average trading volume of 780,500 shares, the days-to-cover ratio is presently 2.3 days. Approximately 3.0% of the company's stock are short sold. View Cirrus Logic's Current Options Chain.

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), Marvell Technology Group (MRVL), Xilinx (XLNX), Skyworks Solutions (SWKS), Maxim Integrated Products (MXIM), Monolithic Power Systems (MPWR), Cree (CREE), Inphi (IPHI) and First Solar (FSLR). View all competitors.

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).

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

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 $60.65.

Cirrus Logic has a market capitalization of $3.54 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]