Cirrus Logic - CRUS Stock Forecast, Price & News

4 Wall Street 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 analysts is that investors should "buy" CRUS shares.
View CRUS analyst ratings or view top-rated stocks.

4 Wall Street analysts have issued twelve-month price targets for Cirrus Logic's shares. Their CRUS share price forecasts range from $80.00 to $120.00. On average, they anticipate the company's share price to reach $96.78 in the next year. This suggests a possible upside of 32.8% from the stock's current price.
View analysts price targets for CRUS or view top-rated stocks among Wall Street analysts.

Cirrus Logic's stock was trading at $92.02 on January 1st, 2022. Since then, CRUS shares have decreased by 20.8% and is now trading at $72.85.
View the best growth stocks for 2022 here.

Cirrus Logic saw a decrease in short interest during the month of November. As of November 15th, there was short interest totaling 1,730,000 shares, a decrease of 17.6% from the October 31st total of 2,100,000 shares. Based on an average daily trading volume, of 546,500 shares, the days-to-cover ratio is currently 3.2 days. Currently, 3.2% of the shares of the company are sold short.
View Cirrus Logic's Short Interest.

The company is scheduled to release its next quarterly earnings announcement on Monday, January 30th 2023.
View our CRUS earnings forecast.

Cirrus Logic, Inc. (NASDAQ:CRUS) announced its quarterly earnings results on Sunday, October, 31st. The semiconductor company reported $1.82 earnings per share for the quarter, beating the consensus estimate of $1.63 by $0.19. The semiconductor company earned $465.89 million during the quarter, compared to the consensus estimate 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% compared to the same quarter last year. During the same period in the previous year, the business earned $1.07 EPS.

Cirrus Logic announced that its Board of Directors has initiated a share buyback plan on Tuesday, August 2nd 2022, which allows the company to buyback $500,000,000.00 in shares, according to EventVestor. This buyback authorization allows the company to reacquire up to 10.7% of its shares through open market purchases. Shares buyback plans are usually an indication that the company's leadership believes its shares are undervalued.

Cirrus Logic updated its third quarter 2023 earnings guidance on Tuesday, November, 8th. The company provided EPS 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.

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.

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).

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 Vanguard Group Inc. (11.05%), BlackRock Inc. (9.40%), Mackenzie Financial Corp (4.88%), State Street Corp (3.64%), Dimensional Fund Advisors LP (2.58%) and Macquarie Group Ltd. (1.86%). 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.

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.

One share of CRUS stock can currently be purchased for approximately $72.85.

Cirrus Logic (NASDAQ:CRUS) has a market capitalization of $4.01 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.

The company employs 1,591 workers across the globe.

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.