Cirrus Logic Stock Forecast, Price & News

Cirrus Logic's stock was trading at $62.76 on March 11th, 2020 when Coronavirus (COVID-19) reached pandemic status according to the World Health Organization. Since then, CRUS stock has increased by 0.4% and is now trading at $63.02.
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9 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Cirrus Logic in the last year. There are currently 3 hold ratings and 6 buy ratings for the stock, resulting in a consensus recommendation of "Buy."
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Cirrus Logic is scheduled to release its next quarterly earnings announcement on Wednesday, November 4th 2020.
View our earnings forecast for Cirrus Logic.

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

Cirrus Logic announced that its Board of Directors has approved a stock buyback program on Wednesday, January 30th 2019, which allows the company to repurchase $200,000,000.00 in outstanding shares, according to EventVestor. This repurchase authorization allows the company to buy up to 8.9% of its stock through open market purchases. Stock repurchase programs are often an indication that the company's management believes its shares are undervalued.

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

9 Wall Street analysts have issued 12 month target prices for Cirrus Logic's stock. Their forecasts range from $65.00 to $95.00. On average, they anticipate Cirrus Logic's stock price to reach $81.14 in the next twelve months. This suggests a possible upside of 28.8% from the stock's current price.
View analysts' price targets for Cirrus Logic.

Cirrus Logic saw a drop in short interest in the month of August. As of August 31st, there was short interest totaling 1,260,000 shares, a drop of 24.6% from the August 15th total of 1,670,000 shares. Based on an average trading volume of 943,200 shares, the short-interest ratio is currently 1.3 days. Approximately 2.2% of the shares of the company are sold short.
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), Marvell Technology Group (MRVL), Microchip Technology (MCHP), Xilinx (XLNX), Skyworks Solutions (SWKS), Maxim Integrated Products (MXIM), Monolithic Power Systems (MPWR), First Solar (FSLR), Cree (CREE) and Inphi (IPHI).
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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), Skyworks Solutions (SWKS), Walt Disney (DIS), 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 many different retail and institutional investors. Top institutional shareholders include FMR LLC (13.73%), Vanguard Group Inc. (10.05%), LSV Asset Management (2.20%), Macquarie Group Ltd. (1.81%), AQR Capital Management LLC (1.70%) and Bank of America Corp DE (1.62%). 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.

CRUS stock was sold by a variety of institutional investors in the last quarter, including AQR Capital Management LLC, 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., and Public Employees Retirement System of Ohio. 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.

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, Two Sigma Advisers LP, Duality Advisers LP, and Seizert Capital Partners LLC.
View insider buying and selling activity for 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.

One share of CRUS stock can currently be purchased for approximately $63.02.

Cirrus Logic has a market capitalization of $3.68 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]