NASDAQ:CRUSCirrus Logic Stock Price, Forecast & 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 stock has increased by 3.0% and is now trading at $64.63.
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8 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Cirrus Logic in the last year. There are currently 1 sell rating, 2 hold ratings and 5 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.
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Cirrus Logic, Inc. (NASDAQ:CRUS) released its quarterly earnings results on Monday, August, 3rd. The semiconductor company reported $0.53 EPS for the quarter, topping the consensus estimate 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 net margin of 13.47% and a return on equity of 16.75%. The business's revenue was up 1.8% on a year-over-year basis. During the same quarter in the previous year, the firm posted $0.35 EPS.
View Cirrus Logic's earnings history.

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

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

8 analysts have issued twelve-month price targets for Cirrus Logic's stock. Their forecasts range from $60.00 to $95.00. On average, they anticipate Cirrus Logic's share price to reach $79.71 in the next year. This suggests a possible upside of 23.3% from the stock's current price.
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Media coverage about CRUS stock has trended negative on Saturday, InfoTrie Sentiment reports. The research firm scores the sentiment of news coverage by analyzing more than six thousand blog and news sources. The firm ranks coverage of publicly-traded companies on a scale of negative five to five, with scores closest to five being the most favorable. Cirrus Logic earned a media sentiment score of -2.5 on InfoTrie's scale. They also gave news stories about the semiconductor company a news buzz of 0.0 out of 10, indicating that recent news coverage is extremely unlikely to have an impact on the company's share price in the next few days.
View the latest news about Cirrus Logic.

Cirrus Logic saw a increase in short interest in the month of July. As of July 31st, there was short interest totaling 1,850,000 shares, an increase of 17.1% from the July 15th total of 1,580,000 shares. Based on an average trading volume of 923,600 shares, the days-to-cover ratio is presently 2.0 days. Currently, 3.2% 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), Xilinx (XLNX), Microchip Technology (MCHP), Skyworks Solutions (SWKS), Marvell Technology Group (MRVL), 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), Micron Technology (MU), NVIDIA (NVDA), Netflix (NFLX), Intel (INTC), Skyworks Solutions (SWKS), Alibaba Group (BABA), CA (CA), Walt Disney (DIS) and QUALCOMM (QCOM).

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

Cirrus Logic's stock is owned by many different institutional and retail investors. Top institutional shareholders include LSV Asset Management (2.20%), Russell Investments Group Ltd. (0.74%), MERIAN GLOBAL INVESTORS UK Ltd (0.63%), Letko Brosseau & Associates Inc. (0.51%), DNB Asset Management AS (0.48%) and Principal Financial Group Inc. (0.31%). 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 LSV Asset Management, UBS Group AG, Principal Financial Group Inc., SG Americas Securities LLC, Letko Brosseau & Associates Inc., DNB Asset Management AS, Hancock Whitney Corp, and Robeco Institutional Asset Management B.V.. 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, Scott Arnold Anderson, and Thurman K Case.
View insider buying and selling activity for Cirrus Logic.

CRUS stock was bought by a variety of institutional investors in the last quarter, including MERIAN GLOBAL INVESTORS UK Ltd, Great Lakes Advisors LLC, Duality Advisers LP, Seizert Capital Partners LLC, Rafferty Asset Management LLC, Mackay Shields LLC, New York State Common Retirement Fund, and First Trust Advisors LP.
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 $64.63.

Cirrus Logic has a market capitalization of $3.77 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]