Cirrus Logic - CRUS Stock Forecast, Price & News

4 Wall Street equities research analysts have issued "buy," "hold," and "sell" ratings for Cirrus Logic in the last year. There are currently 1 sell rating and 3 buy ratings for the stock. The consensus among Wall Street equities research analysts is that investors should "buy" CRUS shares.
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4 Wall Street research analysts have issued 12-month price objectives for Cirrus Logic's stock. Their CRUS share price forecasts range from $80.00 to $120.00. On average, they predict the company's share price to reach $98.44 in the next twelve months. This suggests a possible upside of 5.6% from the stock's current price.
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Cirrus Logic's stock was trading at $74.48 at the start of the year. Since then, CRUS shares have increased by 25.2% and is now trading at $93.24.
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The company is scheduled to release its next quarterly earnings announcement on Thursday, February 2nd 2023.
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Cirrus Logic will be holding an earnings conference call on Thursday, February 2nd at 6:00 PM Eastern. Interested parties can register for or listen to the call using this link or dial in at 647-362-9199 with passcode "95424".

Cirrus Logic, Inc. (NASDAQ:CRUS) announced its quarterly earnings data on Sunday, October, 31st. The semiconductor company reported $1.82 EPS for the quarter, topping analysts' consensus estimates of $1.63 by $0.19. The semiconductor company had revenue of $465.89 million for the quarter, compared to analyst estimates of $450.38 million. Cirrus Logic had a net margin of 17.79% and a trailing twelve-month return on equity of 23.97%. The firm's quarterly revenue was up 34.1% on a year-over-year basis. During the same quarter in the prior year, the business earned $1.07 EPS.

Cirrus Logic announced that its Board of Directors has approved a share repurchase plan on Tuesday, August 2nd 2022, which authorizes the company to buyback $500,000,000.00 in shares, according to EventVestor. This buyback authorization authorizes the company to purchase up to 10.7% of its stock through open market purchases. Stock buyback plans are often an indication that the company's board believes its stock is undervalued.

Cirrus Logic issued an update on its third quarter 2023 earnings guidance on Tuesday, November, 8th. The company provided earnings per share guidance of for the period. The company issued revenue guidance of $520.00 million-$580.00 million, compared to the consensus revenue estimate of $543.42 million.

25 employees have rated Cirrus Logic Chief Executive Officer John Forsyth on Glassdoor.com. John Forsyth has an approval rating of 92% among the company's employees. This puts John Forsyth in the top 30% of approval ratings compared to other CEOs of publicly-traded companies. 85.0% of employees surveyed would recommend working at Cirrus Logic to a friend.

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), 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 a variety of institutional and retail investors. Top institutional investors include Assenagon Asset Management S.A. (0.46%), Seizert Capital Partners LLC (0.23%), Allspring Global Investments Holdings LLC (0.11%), State of Alaska Department of Revenue (0.10%), Comerica Bank (0.07%) and Crossmark Global Holdings Inc. (0.06%). Insiders that own company stock include Alan R Schuele, Alan R Schuele, Alexander M Davern, Allan Hughes, Andrew Brannan, Bradley J Fluke, Carl Jackson Alberty, Jason P Rhode, Jeffrey W Baumgartner, Jodee Benson, John C Carter, John Forsyth, Justin E Dougherty, Scott Arnold Anderson, Scott Thomas, Thurman K Case and Timothy R Dehne.
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Shares of CRUS stock 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.
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One share of CRUS stock can currently be purchased for approximately $93.24.

Cirrus Logic (NASDAQ:CRUS) has a market capitalization of $5.13 billion and generates $1.78 billion in revenue each year. The semiconductor company earns $326.36 million in net income (profit) each year or $6.01 on an earnings per share basis.

The company employs 1,591 workers across the globe.

Cirrus Logic's mailing address is 800 WEST 6TH STREET, AUSTIN TX, 78701. The official website for the company is www.cirrus.com. The semiconductor company can be reached via phone at (512) 851-4000, via email at investor.relations@cirrus.com, or via fax at 800-888-5016.