Cirrus Logic Stock Forecast, Price & 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. Since then, CRUS shares have increased by 57.0% and is now trading at $98.56.
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10 Wall Street research analysts have issued "buy," "hold," and "sell" ratings for Cirrus Logic in the last twelve months. There are currently 3 hold ratings and 7 buy ratings for the stock. The consensus among Wall Street research analysts is that investors should "buy" Cirrus Logic stock.
View analyst ratings for Cirrus Logic or view MarketBeat's top 5 stock picks.

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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.

Cirrus Logic is scheduled to release its next quarterly earnings announcement on Monday, February 1st 2021.
View our earnings forecast for Cirrus Logic.

Cirrus Logic will be holding an earnings conference call on Monday, February 1st at 12:00 AM Eastern. Interested parties can register for or listen to the call using this link or dial in at Not Available.

Cirrus Logic, Inc. (NASDAQ:CRUS) released its quarterly earnings data on Saturday, November, 7th. The semiconductor company reported $1.26 earnings per share for the quarter, topping the Thomson Reuters' consensus estimate of $0.90 by $0.36. The semiconductor company had revenue of $347.33 million for the quarter, compared to analyst estimates of $310.18 million. Cirrus Logic had a trailing twelve-month return on equity of 14.92% and a net margin of 12.57%. The firm's revenue for the quarter was down 10.7% on a year-over-year basis. During the same quarter in the previous year, the business posted $1.55 EPS.
View Cirrus Logic's earnings history.

Cirrus Logic declared that its Board of Directors has authorized a stock repurchase program 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 reacquire up to 8.9% of its stock through open market purchases. Stock repurchase programs are often an indication that the company's board believes its shares are undervalued.

Cirrus Logic updated its third quarter 2021 After-Hours earnings guidance on Monday, November, 2nd. The company provided earnings per share (EPS) guidance of for the period. The company issued revenue guidance of $440-480 million, compared to the consensus revenue estimate of $354.42 million.

10 analysts have issued 1 year price targets for Cirrus Logic's shares. Their forecasts range from $80.00 to $100.00. On average, they anticipate Cirrus Logic's stock price to reach $89.50 in the next twelve months. This suggests that the stock has a possible downside of 9.2%.
View analysts' price targets for Cirrus Logic or view Wall Street analyst' top-rated stocks.

Cirrus Logic saw a increase in short interest during the month of December. As of December 31st, there was short interest totaling 990,700 shares, an increase of 43.8% from the December 15th total of 688,800 shares. Based on an average daily trading volume, of 519,600 shares, the days-to-cover ratio is currently 1.9 days. Currently, 1.7% of the shares of the stock are short sold.
View Cirrus Logic's Short Interest.

Some companies that are related to Cirrus Logic include NVIDIA (NVDA), Intel (INTC), 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), First Solar (FSLR) and SunPower (SPWR).
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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).

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

Cirrus Logic's stock is owned by a number of institutional and retail investors. Top institutional investors include Smith Graham & Co. Investment Advisors LP (0.26%), Miracle Mile Advisors LLC (0.06%), State of Alaska Department of Revenue (0.02%), HGK Asset Management Inc. (0.02%), Pacer Advisors Inc. (0.01%) and Crossmark Global Holdings Inc. (0.01%). Company insiders that own Cirrus Logic stock include Bradley J Fluke, Carl Jackson Alberty, 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.

CRUS stock was sold by a variety of institutional investors in the last quarter, including Pacer Advisors Inc., Smith Graham & Co. Investment Advisors LP, HGK Asset Management Inc., State of Alaska Department of Revenue, Crossmark Global Holdings Inc., Miracle Mile Advisors LLC, and Patriot Financial Group Insurance Agency LLC. Company insiders that have sold Cirrus Logic company stock in the last year include Bradley J Fluke, Carl Jackson Alberty, Jason P Rhode, John C Carter, John Forsyth, Scott Arnold Anderson, and Thurman K Case.
View insider buying and selling activity for Cirrus Logic or view top insider-selling stocks.

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.

One share of CRUS stock can currently be purchased for approximately $98.56.

Cirrus Logic has a market capitalization of $5.71 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]