NASDAQ:CRUS Cirrus Logic - CRUS Stock Forecast, Price & News Adding Choose a watchlist: Watchlist Adding You have already added five stocks to your watchlist. Upgrade to MarketBeat Daily Premium to add more stocks to your watchlist. Adding Cirrus Logic, Inc. Please log in to your account or sign up in order to add this asset to your watchlist. $93.24 +2.85 (+3.15%) (As of 02/1/2023 12:00 AM ET) Add Compare Share Share Today's Range$90.42▼$94.0650-Day Range$70.96▼$93.2452-Week Range$61.94▼$94.06Volume604,582 shsAverage Volume463,419 shsMarket Capitalization$5.13 billionP/E Ratio15.51Dividend YieldN/APrice Target$98.44 ProfileAnalyst RatingsChartCompetitorsEarningsFinancialsInsider TradesInstitutional OwnershipHeadlinesOptions ChainSEC FilingsShort InterestSocial MediaSustainability Cirrus Logic MarketRank™ ForecastAnalyst RatingModerate Buy2.50 Rating ScoreUpside/Downside5.6% Upside$98.44 Price TargetShort InterestHealthy3.03% of Float Sold ShortDividend StrengthN/ASustainability-1.77Upright™ Environmental ScoreNews Sentiment0.74Based on 8 Articles This WeekInsider TradingN/AProj. Earnings Growth15.95%From $4.89 to $5.67 Per ShareSee Full Details Hide Full Details Overall MarketRank™MarketRank is calculated as an average of available category scores, with extra weight given to analysis and valuation.2.07 out of 5 starsComputer And Technology Sector334th out of 630 stocksSemiconductors & Related Devices Industry50th out of 90 stocks 1.3 Analyst's Opinion Consensus RatingCirrus Logic has received a consensus rating of Buy. The company's average rating score is 2.50, and is based on 3 buy ratings, no hold ratings, and 1 sell rating.Price Target Upside/DownsideAccording to analysts' consensus price target of $98.44, Cirrus Logic has a forecasted upside of 5.6% from its current price of $93.24.Amount of Analyst CoverageCirrus Logic has only been the subject of 2 research reports in the past 90 days. Previous Next 4.0 Short Interest Percentage of Shares Shorted3.03% of the float of Cirrus Logic has been sold short.Short Interest Ratio / Days to CoverCirrus Logic has a short interest ratio ("days to cover") of 3.2, which is generally considered an acceptable ratio of short interest to trading volume.Change versus previous monthShort interest in Cirrus Logic has recently decreased by 1.19%, indicating that investor sentiment is improving. Previous Next 0.0 Dividend Strength Dividend YieldCirrus Logic does not currently pay a dividend.Dividend GrowthCirrus Logic does not have a long track record of dividend growth. Previous Next 1.8 Sustainability and ESG Overall ESG (Environmental, Social, and Governance) ScoreCirrus Logic has received a -7.69% net impact score from Upright. Cirrus Logic uses resources or causes negative impacts mostly in categories "Scarce human capital", "GHG emissions", and "Waste". The negative contribution in the "GHG emissions" impact category seems to be driven mostly by its "Digital signal processors", "Carbon nanobud touch sensors", and "Wholesale of digital integrated circuits" products. See details.Environmental SustainabilityThe Environmental Impact score for Cirrus Logic is -1.77. Previous Next 3.2 News and Social Media Coverage News SentimentCirrus Logic has a news sentiment score of 0.74. This score is calculated as an average of sentiment of articles about the company over the last seven days and ranges from 2 (good news) to -2 (bad news). This is a higher news sentiment than the 0.53 average news sentiment score of Computer and Technology companies.News Coverage This WeekMarketBeat has tracked 8 news articles for Cirrus Logic this week, compared to 2 articles on an average week.Search InterestOnly 5 people have searched for CRUS on MarketBeat in the last 30 days. This is a decrease of 0% compared to the previous 30 days.MarketBeat Follows5 people have added Cirrus Logic to their MarketBeat watchlist in the last 30 days. This is an increase of 400% compared to the previous 30 days. Previous Next 1.7 Company Ownership Insider Buying vs. Insider SellingIn the past three months, Cirrus Logic insiders have not sold or bought any company stock.Percentage Held by InsidersOnly 0.89% of the stock of Cirrus Logic is held by insiders.Percentage Held by Institutions91.78% of the stock of Cirrus Logic is held by institutions. High institutional ownership can be a signal of strong market trust in this company. Previous Next 3.1 Earnings and Valuation Earnings GrowthEarnings for Cirrus Logic are expected to grow by 15.95% in the coming year, from $4.89 to $5.67 per share.Price to Earnings Ratio vs. the MarketThe P/E ratio of Cirrus Logic is 15.51, which means that it is trading at a less expensive P/E ratio than the market average P/E ratio of about 146.29.Price to Earnings Ratio vs. SectorThe P/E ratio of Cirrus Logic is 15.51, 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 407.98.Price to Earnings Growth RatioCirrus Logic has a PEG Ratio of 5.28. PEG Ratios above 1 indicate that a company could be overvalued.Price to Book Value per Share RatioCirrus Logic has a P/B Ratio of 3.34. P/B Ratios above 3 indicate that a company could be overvalued with respect to its assets and liabilities. Previous Next See Top Rated MarketRank™ Stocks Here About Cirrus Logic (NASDAQ:CRUS) StockCirrus Logic, Inc. engages in the development of 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.Read More Receive CRUS Stock 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. Email Address CRUS Stock News HeadlinesFebruary 1, 2023 | finance.yahoo.comThe Zacks Analyst Blog Highlights Infineon Technologies, Dassault, Paylocity Holding and Cirrus LogicJanuary 31, 2023 | americanbankingnews.comCirrus Logic (CRUS) Set to Announce Quarterly Earnings on ThursdayFebruary 2, 2023 | Tradewins (Ad)Know Your Profit Potential BEFORE You Trade!I’m Chuck Hughes, ten-time trading champion and author of the coveted e-book, “Options Trading Made Easy”, the strategy guide that will teach you to calculate your trade’s profit potential before you risk any capital. Click here for a free copy now! January 30, 2023 | finance.yahoo.comDiodes (DIOD) Earnings Expected to Grow: Should You Buy?January 30, 2023 | msn.comBofA cautious on Skyworks, Qorvo, Cirrus Logic ahead of Q4 resultsJanuary 25, 2023 | americanbankingnews.comCirrus Logic (NASDAQ:CRUS) Hits New 1-Year High on Analyst UpgradeJanuary 24, 2023 | finance.yahoo.comCalculating The Fair Value Of Cirrus Logic, Inc. (NASDAQ:CRUS)January 23, 2023 | americanbankingnews.comCirrus Logic (NASDAQ:CRUS) PT Raised to $95.00 at BarclaysFebruary 2, 2023 | Tradewins (Ad)Know Your Profit Potential BEFORE You Trade!I’m Chuck Hughes, ten-time trading champion and author of the coveted e-book, “Options Trading Made Easy”, the strategy guide that will teach you to calculate your trade’s profit potential before you risk any capital. Click here for a free copy now! January 18, 2023 | finance.yahoo.comCirrus Logic to Report Third Quarter Fiscal 2023 ResultsJanuary 16, 2023 | finance.yahoo.comHere's Why You Need to Keep an Eye on Cirrus Logic (CRUS)January 12, 2023 | seekingalpha.comCirrus Logic's Current Valuation Seems Less Than Completely LogicalJanuary 11, 2023 | msn.comWhat 5 Analyst Ratings Have To Say About Cirrus LogicJanuary 5, 2023 | thestreet.comCirrus Logic (CRUS) Stock Gains, iPhone 7 Opportunity Overshadows Guidance CutDecember 16, 2022 | finance.yahoo.comIs Cirrus Logic (CRUS) a Great Stock for Value Investors?December 9, 2022 | markets.businessinsider.comWhat 4 Analyst Ratings Have To Say About Cirrus LogicDecember 1, 2022 | finance.yahoo.comCirrus Logic (CRUS) Up 5.4% Since Last Earnings Report: Can It Continue?November 30, 2022 | finance.yahoo.comCirrus Logic to Present at Barclays TMT ConferenceNovember 23, 2022 | finance.yahoo.comShould You Investigate Cirrus Logic, Inc. (NASDAQ:CRUS) At US$75.91?November 21, 2022 | finance.yahoo.comSemiconducter Weekly News BriefingNovember 17, 2022 | benzinga.comBarclays Maintains Overweight Rating for Cirrus Logic: Here's What You Need To KnowNovember 16, 2022 | finance.yahoo.comZacks Industry Outlook Highlights GlobalFoundries, Lattice Semiconductor, Cirrus Logic and ImpinjNovember 8, 2022 | finance.yahoo.comCirrus Logic (NASDAQ:CRUS) shareholders have earned a 3.8% CAGR over the last five yearsNovember 7, 2022 | seekingalpha.comCirrus Logic Nailed It Financially In Q2 (September Quarter)November 1, 2022 | finance.yahoo.comCirrus Q2 Results Top Estimates; Shares JumpNovember 1, 2022 | finance.yahoo.comCirrus Logic Reports Fiscal Second Quarter Revenue of $540.6 MillionNovember 1, 2022 | finance.yahoo.comCirrus Logic (CRUS) Q2 Earnings and Revenues Surpass EstimatesSee More Headlines View Price History Chart DataSkip Price History Chart 30 days | 90 days | 365 days | Advanced Chart Receive CRUS Stock 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. Email Address CRUS Company Calendar Last Earnings10/31/2021Today2/02/2023Next Earnings (Confirmed)2/02/2023Fiscal Year End3/31/2023Get Stock AlertsIndustry, Sector and Symbol Stock ExchangeNASDAQ Industry Semiconductors & related devices Sub-IndustrySemiconductors SectorComputer and Technology Current SymbolNASDAQ:CRUS CUSIP17275510 CIK772406 Webwww.cirrus.com Phone(512) 851-4000Fax800-888-5016Employees1,591Year Founded1984Price Target and Rating Average Stock Price Forecast$98.44 High Stock Price Forecast$120.00 Low Stock Price Forecast$80.00 Forecasted Upside/Downside+5.6%Consensus RatingModerate Buy Rating Score (0-4)2.50 Research Coverage4 Analysts Profitability EPS (Most Recent Fiscal Year)$6.01 Trailing P/E Ratio15.51 Forward P/E Ratio19.07 P/E Growth5.28Net Income$326.36 million Net Margins17.79% Pretax Margin21.54% Return on Equity23.97% Return on Assets18.18% Debt Debt-to-Equity RatioN/A Current Ratio3.39 Quick Ratio2.80 Sales & Book Value Annual Sales$1.97 billion Price / Sales2.60 Cash Flow$7.66 per share Price / Cash Flow12.18 Book Value$27.93 per share Price / Book3.34Miscellaneous Outstanding Shares55,061,000Free Float54,571,000Market Cap$5.13 billion OptionableOptionable Beta0.96 Social Links Key ExecutivesVenkatesh R. NathamuniChief Financial OfficerJeffrey W. BaumgartnerVice President-Research & DevelopmentAllan William HughesVice President-Information TechnologyGregory Scott ThomasSecretary, Senior Vice President & General CounselCarl J. AlbertyVice President-Mixed-Signal ProductsKey CompetitorsPower IntegrationsNASDAQ:POWIMACOM Technology SolutionsNASDAQ:MTSIRambusNASDAQ:RMBSSilicon LaboratoriesNASDAQ:SLABDiodesNASDAQ:DIODView All CompetitorsInsiders & InstitutionsState of New Jersey Common Pension Fund DBought 1,787 shares on 2/1/2023Ownership: 0.055%Zurcher Kantonalbank Zurich Cantonalbank Bought 387 shares on 2/1/2023Ownership: 0.017%Bank of Montreal CanBought 835 shares on 2/1/2023Ownership: 0.011%DekaBank Deutsche GirozentraleBought 2,507 shares on 2/1/2023Ownership: 0.007%Meritage Portfolio ManagementBought 236 shares on 2/1/2023Ownership: 0.006%View All Insider TransactionsView All Institutional Transactions CRUS Stock - Frequently Asked Questions Should I buy or sell Cirrus Logic stock right now? 4 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 and 3 buy ratings for the stock. The consensus among Wall Street equities research analysts is that investors should "buy" CRUS shares. View CRUS analyst ratings or view top-rated stocks. What is Cirrus Logic's stock price forecast for 2023? 4 Wall Street research analysts have issued 12-month price objectives for Cirrus Logic's stock. Their CRUS share price forecasts range from $80.00 to $120.00. On average, they predict the company's share price to reach $98.44 in the next twelve months. This suggests a possible upside of 5.6% from the stock's current price. View analysts price targets for CRUS or view top-rated stocks among Wall Street analysts. How have CRUS shares performed in 2023? Cirrus Logic's stock was trading at $74.48 at the start of the year. Since then, CRUS shares have increased by 25.2% and is now trading at $93.24. View the best growth stocks for 2023 here. When is Cirrus Logic's next earnings date? The company is scheduled to release its next quarterly earnings announcement on Thursday, February 2nd 2023. View our CRUS earnings forecast. How can I listen to Cirrus Logic's earnings call? Cirrus Logic will be holding an earnings conference call on Thursday, February 2nd at 6:00 PM Eastern. Interested parties can register for or listen to the call using this link or dial in at 647-362-9199 with passcode "95424". How were Cirrus Logic's earnings last quarter? Cirrus Logic, Inc. (NASDAQ:CRUS) announced its quarterly earnings data on Sunday, October, 31st. The semiconductor company reported $1.82 EPS for the quarter, topping analysts' consensus estimates of $1.63 by $0.19. The semiconductor company had revenue of $465.89 million for the quarter, compared to analyst estimates of $450.38 million. Cirrus Logic had a net margin of 17.79% and a trailing twelve-month return on equity of 23.97%. The firm's quarterly revenue was up 34.1% on a year-over-year basis. During the same quarter in the prior year, the business earned $1.07 EPS. How will Cirrus Logic's stock buyback program work? Cirrus Logic announced that its Board of Directors has approved a share repurchase plan on Tuesday, August 2nd 2022, which authorizes the company to buyback $500,000,000.00 in shares, according to EventVestor. This buyback authorization authorizes the company to purchase up to 10.7% of its stock through open market purchases. Stock buyback plans are often an indication that the company's board believes its stock is undervalued. What guidance has Cirrus Logic issued on next quarter's earnings? Cirrus Logic issued an update on its third quarter 2023 earnings guidance on Tuesday, November, 8th. The company provided earnings per share guidance of for the period. The company issued revenue guidance of $520.00 million-$580.00 million, compared to the consensus revenue estimate of $543.42 million. What is John Forsyth's approval rating as Cirrus Logic's CEO? 25 employees have rated Cirrus Logic Chief Executive Officer John Forsyth on Glassdoor.com. John Forsyth has an approval rating of 92% among the company's employees. This puts John Forsyth in the top 30% of approval ratings compared to other CEOs of publicly-traded companies. 85.0% of employees surveyed would recommend working at Cirrus Logic to a friend. 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), 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 a variety of institutional and retail investors. Top institutional investors include Assenagon Asset Management S.A. (0.46%), Seizert Capital Partners LLC (0.23%), Allspring Global Investments Holdings LLC (0.11%), State of Alaska Department of Revenue (0.10%), Comerica Bank (0.07%) and Crossmark Global Holdings Inc. (0.06%). Insiders that own company stock include Alan R Schuele, Alan R Schuele, Alexander M Davern, Allan Hughes, Andrew Brannan, Bradley J Fluke, Carl Jackson Alberty, Jason P Rhode, Jeffrey W Baumgartner, Jodee Benson, John C Carter, John Forsyth, Justin E Dougherty, Scott Arnold Anderson, Scott Thomas, Thurman K Case and Timothy R Dehne. View institutional ownership trends. How do I buy shares of Cirrus Logic? Shares of CRUS stock 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 $93.24. How much money does Cirrus Logic make? Cirrus Logic (NASDAQ:CRUS) has a market capitalization of $5.13 billion and generates $1.78 billion in revenue each year. The semiconductor company earns $326.36 million in net income (profit) each year or $6.01 on an earnings per share basis. How many employees does Cirrus Logic have? The company employs 1,591 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.Read More How can I contact Cirrus Logic? Cirrus Logic's mailing address is 800 WEST 6TH STREET, AUSTIN TX, 78701. The official website for the company is www.cirrus.com. The semiconductor company can be reached via phone at (512) 851-4000, via email at investor.relations@cirrus.com, or via fax at 800-888-5016. 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