Cirrus Logic Stock Forecast, Price & News

14 Wall Street research analysts have issued "buy," "hold," and "sell" ratings for Cirrus Logic in the last year. There are currently 3 hold ratings and 11 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 top-rated stocks.

Wall Street analysts have given Cirrus Logic a "Buy" rating, but there may be better buying opportunities in the stock market. Some of MarketBeat's past winning trading ideas have resulted in 5-15% weekly gains. MarketBeat just released five new stock ideas, but Cirrus Logic wasn't one of them. MarketBeat thinks these five companies may be even better buys.
View MarketBeat's top stock picks here.

Cirrus Logic saw a drop in short interest in June. As of June 15th, there was short interest totaling 850,100 shares, a drop of 20.6% from the May 31st total of 1,070,000 shares. Based on an average daily trading volume, of 514,800 shares, the days-to-cover ratio is presently 1.7 days. Approximately 1.5% of the company's shares are short sold.
View Cirrus Logic's Short Interest.

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

Cirrus Logic, Inc. (NASDAQ:CRUS) posted its quarterly earnings results on Tuesday, July, 27th. The semiconductor company reported $0.54 earnings per share for the quarter, topping the Thomson Reuters' consensus estimate of $0.16 by $0.38. Cirrus Logic had a net margin of 15.87% and a trailing twelve-month return on equity of 17.06%.
View Cirrus Logic's earnings history.

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 increased by 30.7% and is now trading at $82.05.
View which stocks have been most impacted by COVID-19.

Cirrus Logic announced that its board has authorized a stock repurchase plan on Monday, February 1st 2021, which authorizes the company to buyback $350,000,000.00 in shares, according to EventVestor. This buyback authorization authorizes the company to purchase up to 6.2% of its stock through open market purchases. Stock buyback plans are usually a sign that the company's board of directors believes its shares are undervalued.

Cirrus Logic updated its second quarter 2022 earnings guidance on Wednesday, July, 28th. The company provided earnings per share guidance of for the period. The company issued revenue guidance of $430 million-$470 million, compared to the consensus revenue estimate of $385.86 million.

14 analysts have issued 12 month price targets for Cirrus Logic's stock. Their forecasts range from $85.79 to $115.00. On average, they anticipate Cirrus Logic's stock price to reach $103.37 in the next twelve months. This suggests a possible upside of 26.0% from the stock's current price.
View analysts' price targets for Cirrus Logic or view top-rated stocks among Wall Street analysts.

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.

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 (MRVL), Microchip Technology (MCHP), Xilinx (XLNX), Skyworks Solutions (SWKS), Maxim Integrated Products (MXIM), Monolithic Power Systems (MPWR), Cree (CREE), First Solar (FSLR) and Lattice Semiconductor (LSCC).
View all of CRUS's 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), 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 Miracle Mile Advisors LLC (0.06%), Oregon Public Employees Retirement Fund (0.03%) and New Mexico Educational Retirement Board (0.02%). Company insiders that own Cirrus Logic stock include Alan R Schuele, Andrew Brannan, Bradley J Fluke, Carl Jackson Alberty, Jason P Rhode, Jeffrey W Baumgartner, Jodee Benson, John C Carter, John Forsyth, Scott Arnold Anderson, 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 Miracle Mile Advisors LLC. Company insiders that have sold Cirrus Logic company stock in the last year include Alan R Schuele, Andrew Brannan, Carl Jackson Alberty, Jason P Rhode, Jeffrey W Baumgartner, Jodee Benson, John C Carter, John Forsyth, Thurman K Case, and Timothy R Dehne.
View insider buying and selling activity for Cirrus Logic or view top insider-selling stocks.

CRUS stock was acquired by a variety of institutional investors in the last quarter, including New Mexico Educational Retirement Board, and Oregon Public Employees Retirement Fund.
View insider buying and selling activity for Cirrus Logic or or view top insider-buying 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.
Compare Top Brokerages Here.

One share of CRUS stock can currently be purchased for approximately $82.05.

Cirrus Logic has a market capitalization of $4.72 billion and generates $1.37 billion in revenue each year. The semiconductor company earns $217.34 million in net income (profit) each year or $3.75 on an earnings per share basis.

Cirrus Logic employs 1,481 workers across the globe.

The following companies are subsidiares of Cirrus Logic: Acoustic Technologies, Apex Microtechnology, AudioLogic Inc., CYPHER, Caretta Integrated Circuits, Cirrus Logic International (UK) Ltd., Cirrus Logic International Holdings Ltd., Cirrus Logic International Semiconductor Ltd., Cirrus Logic UK International Holding Co. Ltd., LuxSonor Semiconductors, Opalum, Peak Audio, Sharewave, Stream Machine Company, and Wolfson Microelectronics.

Cirrus Logic was founded in 1984.

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

Cirrus Logic is headquartered at 800 WEST 6TH STREET, AUSTIN TX, 78701.

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]