Cirrus Logic Stock Forecast, Price & News

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. Since then, CRUS shares have increased by 23.3% and is now trading at $77.41.
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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."
View analyst ratings for Cirrus Logic.

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Cirrus Logic is scheduled to release its next quarterly earnings announcement on Wednesday, February 3rd 2021.
View our earnings forecast for Cirrus Logic.

Cirrus Logic, Inc. (NASDAQ:CRUS) issued its earnings results on Saturday, November, 7th. The semiconductor company reported $1.26 earnings per share for the quarter, topping the consensus estimate of $0.90 by $0.36. The semiconductor company had revenue of $347.33 million for the quarter, compared to analysts' expectations of $310.18 million. Cirrus Logic had a return on equity of 14.92% and a net margin of 12.57%. The business's revenue for the quarter was down 10.7% on a year-over-year basis. During the same period last year, the business posted $1.55 earnings per share.
View Cirrus Logic's earnings history.

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

Cirrus Logic updated its third quarter 2021 After-Hours earnings guidance on Monday, November, 2nd. The company provided 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.

9 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 $84.43 in the next twelve months. This suggests a possible upside of 9.1% from the stock's current price.
View analysts' price targets for Cirrus Logic.

Cirrus Logic saw a decline in short interest during the month of October. As of October 30th, there was short interest totaling 846,700 shares, a decline of 14.5% from the October 15th total of 989,800 shares. Based on an average trading volume of 597,700 shares, the days-to-cover ratio is currently 1.4 days. Approximately 1.5% of the company's shares 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), Xilinx (XLNX), Marvell Technology Group (MRVL), Skyworks Solutions (SWKS), Maxim Integrated Products (MXIM), Monolithic Power Systems (MPWR), Cree (CREE), First Solar (FSLR) 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), 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 many different retail and institutional investors. Top institutional shareholders include BlackRock Inc. (11.82%), State Street Corp (2.76%), LSV Asset Management (2.09%), Royce & Associates LP (1.35%), Acadian Asset Management LLC (1.31%) and AQR Capital Management LLC (0.99%). 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 AQR Capital Management LLC, BlackRock Inc., Arrowstreet Capital Limited Partnership, BNP Paribas Arbitrage SA, Squarepoint Ops LLC, Paloma Partners Management Co, Charles Schwab Investment Management Inc., and Acadian Asset Management 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.

CRUS stock was acquired by a variety of institutional investors in the last quarter, including Rothschild & Co. Asset Management US Inc., Jupiter Asset Management Ltd., First Trust Advisors LP, Letko Brosseau & Associates Inc., AXA S.A., Sei Investments Co., Point72 Asset Management L.P., and Landsberg Bennett & Dubbaneh 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 $77.41.

Cirrus Logic has a market capitalization of $4.49 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]