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NASDAQ:CRUSCirrus Logic Stock Price, Forecast & News

$60.40
-0.79 (-1.29 %)
(As of 08/14/2020 04:00 PM ET)
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Today's Range
$60.02
Now: $60.40
$61.85
50-Day Range
$56.96
MA: $64.11
$74.49
52-Week Range
$47.04
Now: $60.40
$91.63
Volume585,866 shs
Average Volume874,799 shs
Market Capitalization$3.53 billion
P/E Ratio21.05
Dividend YieldN/A
Beta0.97
Cirrus Logic, Inc., a fabless semiconductor company, develops, manufactures, and markets analog and mixed-signal integrated circuits (ICs) for a range of consumer and industrial markets. The company offers portable and non-portable audio, and other products. Its products include analog and mixed-signal audio converters, and digital signal processing products for mobile applications; codecs-chips that integrate analog-to-digital converters and digital-to-analog converters into a single IC; smart codecs, a codec with digital signal processer; boosted amplifiers; micro-electromechanical systems microphones; digital interface products; and standalone digital signal processors. The company also provides SoundClear technology, which consists of a portfolio of tools, software, and algorithms that offer enhanced voice quality, voice capture, and audio playback features. It provides its products for portable applications, including smartphones, tablets, digital headsets, and speakers, as well as for wearables, such as smart watches and smart bands, VR headsets, and action cameras. The company's products are also used in laptops, audio/video receivers, home theater systems, set-up boxes, musical instruments, and professional audio products applications; and serve the automotive market, which include satellite radio systems, telematics, and multi-speaker car-audio systems. In addition, the company's products are used in industrial and energy-related applications, including digital utility meter, power supply, energy control, energy measurement, and energy exploration applications. It markets and sells its products through direct sales force, external sales representatives, and distributors in the United States and internationally. Cirrus Logic, Inc. was founded in 1984 and is headquartered in Austin, Texas.
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Beat the Market (BTM) Rank

Analyst Opinion: 4.2Community Rank: 2.9Dividend Strength: 0.0Insider Behavior: 1.0Valuation: 1.3 5 -4 -3 -2 -1 -

Overall Beat the Market Rank

1.87 out of 5 stars


Industry, Sector and Symbol

Industry Semiconductors & related devices
Sub-IndustrySemiconductors
Current SymbolNASDAQ:CRUS
CUSIP17275510
Phone512-851-4000

Debt

Price-To-Earnings

Sales & Book Value

Annual Sales$1.28 billion
Cash Flow$3.63 per share
Book Value$20.98 per share

Profitability

Net Income$159.50 million

Miscellaneous

Employees1,443
Market Cap$3.53 billion
Next Earnings Date11/4/2020 (Estimated)
OptionableOptionable
$60.40
-0.79 (-1.29 %)
(As of 08/14/2020 04:00 PM ET)
30 days | 90 days | 365 days | Advanced Chart

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Cirrus Logic (NASDAQ:CRUS) Frequently Asked Questions

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

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 (WHO). Since then, CRUS stock has decreased by 3.8% and is now trading at $60.40.
View which stocks have been most impacted by COVID-19
.

Do Wall Street analysts recommend investors buy shares of Cirrus Logic?

9 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Cirrus Logic in the last year. There are currently 1 sell rating, 3 hold ratings and 5 buy ratings for the stock, resulting in a consensus recommendation of "Hold."
View analyst ratings for Cirrus Logic
.

When is Cirrus Logic's next earnings date?

Cirrus Logic is scheduled to release its next quarterly earnings announcement on Wednesday, November 4th 2020.
View our earnings forecast for Cirrus Logic
.

How were Cirrus Logic's earnings last quarter?

Cirrus Logic, Inc. (NASDAQ:CRUS) posted its quarterly earnings results on Monday, August, 3rd. The semiconductor company reported $0.53 earnings per share for the quarter, topping the Zacks' consensus estimate of $0.30 by $0.23. The semiconductor company had revenue of $242.57 million for the quarter, compared to analyst estimates of $225.25 million. Cirrus Logic had a return on equity of 16.75% and a net margin of 13.47%. The business's revenue for the quarter was up 1.8% compared to the same quarter last year. During the same quarter last year, the firm earned $0.35 EPS.
View Cirrus Logic's earnings history
.

How will Cirrus Logic's stock buyback program work?

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

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

Cirrus Logic updated its second quarter 2021 After-Hours earnings guidance on Monday, August, 3rd. The company provided earnings per share guidance of for the period. The company issued revenue guidance of $290-330 million, compared to the consensus revenue estimate of $315.04 million.

What price target have analysts set for CRUS?

9 analysts have issued 12-month price objectives for Cirrus Logic's stock. Their forecasts range from $60.00 to $95.00. On average, they anticipate Cirrus Logic's stock price to reach $79.71 in the next twelve months. This suggests a possible upside of 32.0% from the stock's current price.
View analysts' price targets for Cirrus Logic
.

Has Cirrus Logic been receiving favorable news coverage?

News stories about CRUS stock have been trending somewhat negative this week, according to InfoTrie Sentiment. The research firm ranks the sentiment of press coverage by analyzing more than six thousand blog and news sources. The firm ranks coverage of publicly-traded companies on a scale of -5 to 5, with scores nearest to five being the most favorable. Cirrus Logic earned a media sentiment score of -1.5 on InfoTrie's scale. They also assigned news headlines about the semiconductor company a news buzz of 7.0 out of 10, indicating that recent press coverage is likely to have an effect on the company's share price in the next few days.
View the latest news about Cirrus Logic
.

Are investors shorting Cirrus Logic?

Cirrus Logic saw a decrease in short interest in June. As of June 30th, there was short interest totaling 1,580,000 shares, a decrease of 19.4% from the June 15th total of 1,960,000 shares. Based on an average daily trading volume, of 923,900 shares, the days-to-cover ratio is presently 1.7 days. Approximately 2.7% of the shares of the company are sold short.
View Cirrus Logic's Short Interest
.

Who are some of Cirrus Logic's key competitors?

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), Micron Technology (MU), NVIDIA (NVDA), Intel (INTC), Netflix (NFLX), Skyworks Solutions (SWKS), QUALCOMM (QCOM), Walt Disney (DIS), Alibaba Group (BABA) and salesforce.com (CRM).

Who are Cirrus Logic's key executives?

Cirrus Logic's management team includes the following people:
  • Dr. Jason P. Rhode, Pres, CEO & Director (Age 49)
  • Mr. Thurman K. Case, CFO, Chief Accounting Officer & VP (Age 62)
  • Mr. Gregory Scott Thomas, Sr. VP, Gen. Counsel & Corp. Sec. (Age 53)
  • Ms. Jo-Dee M. Benson, Chief Culture Officer & VP (Age 59)
  • Mr. Scott A. Anderson, Sr. VP of Supply Chain & Engineering Operations (Age 65)

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 number of retail and institutional investors. Top institutional investors include FMR LLC (13.73%), Vanguard Group Inc. (10.05%), LSV Asset Management (2.20%), Macquarie Group Ltd. (1.81%), Bank of America Corp DE (1.62%) and Bank of New York Mellon Corp (1.12%). Company insiders that own Cirrus Logic stock include Bradley J Fluke, 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
.

Which major investors are selling Cirrus Logic stock?

CRUS stock was sold by a variety of institutional investors in the last quarter, including Vanguard Group Inc., LSV Asset Management, APG Asset Management N.V., Canada Pension Plan Investment Board, Bank of New York Mellon Corp, Federated Hermes Inc., UBS Group AG, and Goldman Sachs Group Inc.. Company insiders that have sold Cirrus Logic company stock in the last year include Bradley J Fluke, Jason P Rhode, John C Carter, John Forsyth, and Scott Arnold Anderson.
View insider buying and selling activity for Cirrus Logic
.

Which major investors are buying Cirrus Logic stock?

CRUS stock was purchased by a variety of institutional investors in the last quarter, including FMR LLC, Bank of America Corp DE, MERIAN GLOBAL INVESTORS UK Ltd, Alyeska Investment Group L.P., Great Lakes Advisors LLC, Duality Advisers LP, Seizert Capital Partners LLC, and Cubist Systematic Strategies LLC.
View insider buying and selling activity for Cirrus Logic
.

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 Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Robinhood, Fidelity, and Charles Schwab.

What is Cirrus Logic's stock price today?

One share of CRUS stock can currently be purchased for approximately $60.40.

How big of a company is Cirrus Logic?

Cirrus Logic has a market capitalization of $3.53 billion and generates $1.28 billion in revenue each year. Cirrus Logic employs 1,443 workers across the globe.

What is Cirrus Logic's official website?

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

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 8/15/2020 by MarketBeat.com Staff

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