NASDAQ:CRUS

Cirrus Logic Stock Forecast, Price & News

$85.87
+0.77 (+0.90 %)
(As of 09/23/2021 12:00 AM ET)
Add
Compare
Today's Range
$85.33
$86.39
50-Day Range
$77.64
$88.18
52-Week Range
$59.41
$103.25
Volume251,021 shs
Average Volume545,969 shs
Market Capitalization$4.95 billion
P/E Ratio23.79
Dividend YieldN/A
Beta0.87
30 days | 90 days | 365 days | Advanced Chart
Receive CRUS News and Ratings via Email

Sign-up to receive the latest news and ratings for Cirrus Logic and its competitors with MarketBeat's FREE daily newsletter.


Cirrus Logic logo

About Cirrus Logic

Cirrus Logic, Inc. develops high-precision, analog and mixed-signal integrated circuits for a range of customers. It builds an analog and signal-processing patent portfolio. The firm delivers optimized products for a variety of audio, industrial and energy-related applications. Its product lines include portable audio products and non-portable audio and other products. The company was founded by Suhas S. Patil and Michael L. Hackworth in 1984 and is headquartered in Austin, TX.

Headlines

CRUS Crosses Below Key Moving Average Level
CRUS Crosses Below Key Moving Average Level
September 20, 2021 |  nasdaq.com
2 Bargain Stocks to Buy and Hold for the Next 5 Years
2 Bargain Stocks to Buy and Hold for the Next 5 Years
September 20, 2021 |  finance.yahoo.com
What 8 Analyst Ratings Have To Say About Cirrus Logic
What 8 Analyst Ratings Have To Say About Cirrus Logic
September 17, 2021 |  markets.businessinsider.com
Cirrus Logic (NASDAQ:CRUS) Shares Gap Down to $88.18
Cirrus Logic (NASDAQ:CRUS) Shares Gap Down to $88.18
September 17, 2021 |  americanbankingnews.com
Cirrus Logics (CRUS) "Buy" Rating Reaffirmed at Stifel Nicolaus
Cirrus Logic's (CRUS) "Buy" Rating Reaffirmed at Stifel Nicolaus
September 16, 2021 |  americanbankingnews.com
See More Headlines

Industry, Sector and Symbol

Sales & Book Value

Profitability

Debt

Price-To-Earnings

Miscellaneous

Social Links


MarketRank

Overall MarketRank

2.71 out of 5 stars

Computer And Technology Sector

70th out of 858 stocks

Semiconductors & Related Devices Industry

11th out of 116 stocks

Analyst Opinion: 3.4Community Rank: 4.9Dividend Strength: 0.0Insider Behavior: 3.3Valuation: 1.9 5 -4 -3 -2 -1 -
speech bubbles
speech bubbles











Cirrus Logic (NASDAQ:CRUS) Frequently Asked Questions

Is Cirrus Logic a buy right now?

14 Wall Street equities research analysts have issued "buy," "hold," and "sell" ratings for Cirrus Logic in the last year. There are currently 1 sell rating, 1 hold rating and 12 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 top-rated stocks.

What stocks does MarketBeat like better than Cirrus Logic?

Wall Street analysts have given Cirrus Logic a "Buy" rating, but there may be better buying opportunities in the stock market. Some of MarketBeat's past winning trading ideas have resulted in 5-15% weekly gains. MarketBeat just released five new stock ideas, but Cirrus Logic wasn't one of them. MarketBeat thinks these five companies 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 Monday, November 1st 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 results on Tuesday, July, 27th. The semiconductor company reported $0.54 earnings per share (EPS) for the quarter, topping the Zacks' consensus estimate of $0.16 by $0.38. The semiconductor company earned $277.25 million during the quarter, compared to the consensus estimate of $260.79 million. Cirrus Logic had a net margin of 15.41% and a trailing twelve-month return on equity of 16.55%.
View Cirrus Logic's earnings history
.

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

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 stock has increased by 36.8% and is now trading at $85.87.
View which stocks have been most impacted by COVID-19
.

How will Cirrus Logic's stock buyback program work?

Cirrus Logic declared that its board has authorized a stock repurchase plan on Monday, February 1st 2021, which allows the company to repurchase $350,000,000.00 in outstanding shares, according to EventVestor. This repurchase authorization allows the company to reacquire up to 6.2% of its stock through open market purchases. Stock repurchase plans are typically an indication that the company's leadership believes its stock is undervalued.

What guidance has Cirrus Logic issued on next quarter's earnings?

Cirrus Logic updated its second quarter 2022 earnings guidance on Wednesday, August, 4th. The company provided earnings per share guidance of for the period. The company issued revenue guidance of $430 million-$470 million, compared to the consensus revenue estimate of $385.86 million.

What price target have analysts set for CRUS?

14 Wall Street analysts have issued 12 month target prices for Cirrus Logic's shares. Their forecasts range from $85.79 to $115.00. On average, they expect Cirrus Logic's stock price to reach $105.45 in the next year. This suggests a possible upside of 22.8% from the stock's current price.
View analysts' price targets for Cirrus Logic
or view top-rated stocks among Wall Street analysts.

Who are Cirrus Logic's key executives?

Cirrus Logic's management team includes the following people:
  • John Forsyth, President, Chief Executive Officer & Director (LinkedIn Profile)
  • Thurman Klay Case, VP, Chief Financial & Accounting Officer
  • Jeffrey W. Baumgartner, Vice President-Research & Development (LinkedIn Profile)
  • Justin Dougherty, Vice President-Engineering Operations
  • Gregory Scott Thomas, Secretary, Senior Vice President & General Counsel

What is Jason P. Rhode's approval rating as Cirrus Logic's CEO?

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.

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).

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 FMR LLC (15.08%), Vanguard Group Inc. (9.86%), BlackRock Inc. (9.35%), State Street Corp (3.07%), Dimensional Fund Advisors LP (2.57%) and Millennium Management LLC (2.05%). Company insiders that own Cirrus Logic stock include Alan R Schuele, Alan R Schuele, Alexander M Davern, Andrew Brannan, Bradley J Fluke, Carl Jackson Alberty, Jason P Rhode, Jeffrey W Baumgartner, Jodee Benson, John C Carter, John Forsyth, Scott Arnold Anderson, 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 BlackRock Inc., Deutsche Bank AG, Vanguard Group Inc., Renaissance Technologies LLC, Woodline Partners LP, Russell Investments Group Ltd., Prudential Financial Inc., and Morgan Stanley. Company insiders that have sold Cirrus Logic company stock in the last year include Alan R Schuele, Alexander M Davern, Andrew Brannan, Carl Jackson Alberty, Jason P Rhode, Jeffrey W Baumgartner, Jodee Benson, John C Carter, John Forsyth, Thurman K Case, and Timothy R Dehne.
View insider buying and selling activity for Cirrus Logic
or view top insider-selling stocks.

Which institutional investors are buying Cirrus Logic stock?

CRUS stock was acquired by a variety of institutional investors in the last quarter, including Wasatch Advisors Inc., Millennium Management LLC, Point72 Asset Management L.P., Islet Management LP, Kettle Hill Capital Management LLC, Westfield Capital Management Co. LP, Bank of America Corp DE, and Bank of America Corp DE.
View insider buying and selling activity for Cirrus Logic
or or view top insider-buying stocks.

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 WeBull, Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Robinhood, Fidelity, and Charles Schwab.
Compare Top Brokerages Here.

What is Cirrus Logic's stock price today?

One share of CRUS stock can currently be purchased for approximately $85.87.

How much money does Cirrus Logic make?

Cirrus Logic has a market capitalization of $4.95 billion and generates $1.37 billion in revenue each year. The semiconductor company earns $217.34 million in net income (profit) each year or $3.75 on an earnings per share basis.

How many employees does Cirrus Logic have?

Cirrus Logic employs 1,481 workers across the globe.

Does Cirrus Logic have any subsidiaries?

The following companies are subsidiares of Cirrus Logic: Acoustic Technologies, Apex Microtechnology, AudioLogic Inc., CYPHER, Caretta Integrated Circuits, Cirrus Logic International (UK) Ltd., Cirrus Logic International Holdings Ltd., Cirrus Logic International Semiconductor Ltd., Cirrus Logic UK International Holding Co. Ltd., LuxSonor Semiconductors, Opalum, Peak Audio, Sharewave, Stream Machine Company, and Wolfson Microelectronics.

When was Cirrus Logic founded?

Cirrus Logic was founded in 1984.

What is Cirrus Logic's official website?

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

Where are Cirrus Logic's headquarters?

Cirrus Logic is headquartered at 800 WEST 6TH STREET, AUSTIN TX, 78701.

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 9/24/2021 by MarketBeat.com Staff
MarketBeat - Stock Market News and Research Tools logo

MarketBeat empowers individual investors to make better trading decisions by providing real-time financial data and objective market analysis. Whether you’re looking for analyst ratings, corporate buybacks, dividends, earnings, economic reports, financials, insider trades, IPOs, SEC filings or stock splits, MarketBeat has the objective information you need to analyze any stock. Learn more about MarketBeat.

MarketBeat is accredited by the Better Business Bureau

© American Consumer News, LLC dba MarketBeat® 2010-2021. All rights reserved.
326 E 8th St #105, Sioux Falls, SD 57103 | U.S. Based Support Team at [email protected] | (844) 978-6257
MarketBeat does not provide personalized financial advice and does not issue recommendations or offers to buy stock or sell any security.

Our Accessibility Statement | Terms of Service | Do Not Sell My Information

© 2021 Market data provided is at least 10-minutes delayed and hosted by Barchart Solutions. Information is provided 'as-is' and solely for informational purposes, not for trading purposes or advice, and is delayed. To see all exchange delays and terms of use please see disclaimer. Fundamental company data provided by Zacks Investment Research.