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 (WHO). Since then, CRUS shares have decreased by 4.5% and is now trading at $59.93.
View which stocks have been most impacted by COVID-19.

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."
View analyst ratings for Cirrus Logic.

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 data on Monday, August, 3rd. The semiconductor company reported $0.53 earnings per share (EPS) for the quarter, topping the Thomson Reuters' consensus estimate of $0.30 by $0.23. The semiconductor company earned $242.57 million during the quarter, compared to analysts' expectations 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 quarter last year, the company earned $0.35 EPS.
View Cirrus Logic's earnings history.

Cirrus Logic announced that its board has initiated a share buyback plan on Wednesday, January 30th 2019, which permits the company to buyback $200,000,000.00 in outstanding shares, according to EventVestor. This buyback authorization permits the company to reacquire up to 8.9% of its shares through open market purchases. Shares buyback plans are typically an indication that the company's board of directors believes its stock is undervalued.

Cirrus Logic updated its second quarter 2021 After-Hours earnings guidance on Monday, August, 3rd. The company provided earnings per share (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 equities research analysts have issued 12 month price targets for Cirrus Logic's shares. Their forecasts range from $65.00 to $95.00. On average, they expect Cirrus Logic's share price to reach $81.14 in the next year. This suggests a possible upside of 35.4% from the stock's current price.
View analysts' price targets for Cirrus Logic.

Cirrus Logic saw a decrease in short interest in the month of August. As of August 31st, there was short interest totaling 1,260,000 shares, a decrease of 24.6% from the August 15th total of 1,670,000 shares. Based on an average trading volume of 943,200 shares, the days-to-cover ratio is presently 1.3 days. Approximately 2.2% of the shares of the stock 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), Cree (CREE), First Solar (FSLR) and Inphi (IPHI).
View all competitors.

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), Netflix (NFLX), QUALCOMM (QCOM), 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 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%), 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 acquired 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 $59.93.

Cirrus Logic has a market capitalization of $3.50 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]