NASDAQ:CRUSCirrus Logic Stock Price, Forecast & 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. Since then, CRUS stock has decreased by 1.2% and is now trading at $62.01. View which stocks have been most impacted by Coronavirus.

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." View analyst ratings for Cirrus Logic.

Cirrus Logic is scheduled to release its next quarterly earnings announcement on Monday, August 3rd 2020. View our earnings forecast for Cirrus Logic.

Cirrus Logic will be holding an earnings conference call on Monday, August 3rd at 12:00 AM Eastern. Interested parties can register for or listen to the call using this link or dial in at Not Available.

Cirrus Logic, Inc. (NASDAQ:CRUS) issued its earnings results on Monday, May, 4th. The semiconductor company reported $0.68 EPS for the quarter, beating the Thomson Reuters' consensus estimate of $0.50 by $0.18. The semiconductor company earned $279.29 million during the quarter, compared to analyst estimates of $258.73 million. Cirrus Logic had a net margin of 12.45% and a return on equity of 16.46%. The business's revenue for the quarter was up 16.2% compared to the same quarter last year. During the same period in the prior year, the business earned $0.37 EPS. View Cirrus Logic's earnings history.

Cirrus Logic announced that its Board of Directors has approved a share buyback program on Wednesday, January 30th 2019, which authorizes the company to repurchase $200,000,000.00 in 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 programs are usually an indication that the company's board of directors believes its stock is undervalued.

Cirrus Logic updated its first quarter 2021 After-Hours earnings guidance on Monday, May, 4th. The company provided EPS guidance of for the period. The company issued revenue guidance of $200-250 million, compared to the consensus revenue estimate of $248.55 million.

8 equities research analysts have issued 12 month target prices for Cirrus Logic's stock. Their forecasts range from $60.00 to $95.00. On average, they anticipate Cirrus Logic's stock price to reach $77.00 in the next year. This suggests a possible upside of 24.2% from the stock's current price. View analysts' price targets for Cirrus Logic.

News stories about CRUS stock have been trending negative on Tuesday, InfoTrie Sentiment reports. The research firm rates the sentiment of media coverage by analyzing more than six thousand blog and news sources in real time. The firm ranks coverage of companies on a scale of negative five to positive five, with scores closest to five being the most favorable. Cirrus Logic earned a news sentiment score of -2.1 on InfoTrie's scale. They also assigned media stories about the semiconductor company a news buzz of 0.0 out of 10, meaning that recent media coverage is extremely unlikely to have an effect on the stock's share price in the next several days. View the latest news about Cirrus Logic.

Cirrus Logic saw a increase in short interest in the month of June. As of June 30th, there was short interest totaling 1,960,000 shares, an increase of 11.4% from the June 15th total of 1,760,000 shares. Based on an average daily volume of 804,600 shares, the days-to-cover ratio is currently 2.4 days. Approximately 3.4% of the shares of the company are short sold. View Cirrus Logic's Current Options Chain.

Some companies that are related to Cirrus Logic include Intel (INTC), NVIDIA (NVDA), Broadcom (AVGO), Texas Instruments (TXN), Micron Technology (MU), Analog Devices (ADI), Microchip Technology (MCHP), Marvell Technology Group (MRVL), Xilinx (XLNX), Skyworks Solutions (SWKS), Maxim Integrated Products (MXIM), Monolithic Power Systems (MPWR), Cree (CREE), Inphi (IPHI) and First Solar (FSLR). View all competitors.

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."

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 $62.01.

Cirrus Logic has a market capitalization of $3.62 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]