NASDAQ:CRUS

Cirrus Logic Stock Forecast, Price & News

$83.34
-0.79 (-0.94 %)
(As of 07/27/2021 12:00 AM ET)
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Today's Range
$82.35
$83.97
50-Day Range
$74.37
$85.83
52-Week Range
$55.84
$103.25
Volume414,121 shs
Average Volume581,592 shs
Market Capitalization$4.79 billion
P/E Ratio23.02
Dividend YieldN/A
Beta0.91
30 days | 90 days | 365 days | Advanced Chart
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Cirrus Logic logo

About Cirrus Logic

Cirrus Logic, Inc. develops high-precision, analog and mixed-signal integrated circuits for a range of customers. It builds an analog and signal-processing patent portfolio. The firm delivers optimized products for a variety of audio, industrial and energy-related applications. Its product lines include portable audio products and non-portable audio and other products. The company was founded by Suhas S. Patil and Michael L. Hackworth in 1984 and is headquartered in Austin, TX.

Headlines

Stamps.com, Greenbrier rise; Dominion falls
Stamps.com, Greenbrier rise; Dominion falls
July 9, 2021 |  marketbeat.com
Got $100? Buy This Hot Growth Stock Right Away
Got $100? Buy This Hot Growth Stock Right Away
July 14, 2021 |  finance.yahoo.com
Hedge Funds Are Selling Cirrus Logic, Inc. (CRUS)
Hedge Funds Are Selling Cirrus Logic, Inc. (CRUS)
July 12, 2021 |  finance.yahoo.com
Cirrus Logic (NASDAQ:CRUS) PT Set at $85.79 by Oppenheimer
Cirrus Logic (NASDAQ:CRUS) PT Set at $85.79 by Oppenheimer
July 10, 2021 |  americanbankingnews.com
Cirrus Logics (CRUS) Hold Rating Reiterated at Oppenheimer
Cirrus Logic's (CRUS) Hold Rating Reiterated at Oppenheimer
July 9, 2021 |  americanbankingnews.com
Cirrus Logic To Buy Lion Semiconductor For $335 Mln In Cash
Cirrus Logic To Buy Lion Semiconductor For $335 Mln In Cash
July 8, 2021 |  markets.businessinsider.com
See More Headlines

Industry, Sector and Symbol

Sales & Book Value

Profitability

Debt

Price-To-Earnings

Miscellaneous

Social Links


MarketRank

Overall MarketRank

2.13 out of 5 stars

Computer And Technology Sector

104th out of 1,651 stocks

Semiconductors & Related Devices Industry

22nd out of 151 stocks

Analyst Opinion: 3.4Community Rank: 3.7Dividend Strength: 0.0Insider Behavior: 1.7Valuation: 1.9 5 -4 -3 -2 -1 -
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Cirrus Logic (NASDAQ:CRUS) Frequently Asked Questions

Is Cirrus Logic a buy right now?

13 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Cirrus Logic in the last twelve months. There are currently 3 hold ratings and 10 buy ratings for the stock. The consensus among Wall Street analysts is that investors should "buy" Cirrus Logic stock.
View analyst ratings for Cirrus Logic
or view top-rated stocks.

What stocks does MarketBeat like better than Cirrus Logic?

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.

Are investors shorting Cirrus Logic?

Cirrus Logic saw a drop in short interest during the month of 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 volume of 514,800 shares, the days-to-cover ratio is currently 1.7 days. Currently, 1.5% of the company's shares are short sold.
View Cirrus Logic's Short Interest
.

When is Cirrus Logic's next earnings date?

Cirrus Logic is scheduled to release its next quarterly earnings announcement on Wednesday, July 28th 2021.
View our earnings forecast for Cirrus Logic
.

How can I listen to Cirrus Logic's earnings call?

Cirrus Logic will be holding an earnings conference call on Wednesday, July 28th at 5:00 PM Eastern. Interested parties can register for or listen to the call using this link or dial in at 416-621-4642 with passcode "9238026".

How were Cirrus Logic's earnings last quarter?

Cirrus Logic, Inc. (NASDAQ:CRUS) announced its earnings results on Thursday, April, 29th. The semiconductor company reported $0.66 EPS for the quarter, missing the consensus estimate of $0.71 by $0.05. The semiconductor company had revenue of $293.54 million for the quarter, compared to the consensus estimate of $301.05 million. 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
.

How has Cirrus Logic's stock price been impacted by COVID-19 (Coronavirus)?

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 32.8% and is now trading at $83.34.
View which stocks have been most impacted by COVID-19
.

How will Cirrus Logic's stock buyback program work?

Cirrus Logic announced that its board has approved a stock buyback program on Monday, February 1st 2021, which authorizes the company to buyback $350,000,000.00 in outstanding 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 programs are usually an indication that the company's management believes its stock is undervalued.

What guidance has Cirrus Logic issued on next quarter's earnings?

Cirrus Logic issued an update on its first quarter 2022 earnings guidance on Thursday, May, 13th. The company provided earnings per share guidance of - for the period. The company issued revenue guidance of $240 million-$280 million, compared to the consensus revenue estimate of $282.72 million.

What price target have analysts set for CRUS?

13 brokers have issued 12 month target prices for Cirrus Logic's shares. Their forecasts range from $80.00 to $115.00. On average, they anticipate Cirrus Logic's stock price to reach $100.57 in the next year. This suggests a possible upside of 20.7% from the stock's current price.
View analysts' price targets for Cirrus Logic
or view top-rated stocks among Wall Street analysts.

Who are Cirrus Logic's key executives?

Cirrus Logic's management team includes the following people:
  • John Forsyth, President, Chief Executive Officer & Director
  • Thurman Klay Case, VP, Chief Financial & Accounting Officer
  • Jeffrey W. Baumgartner, Vice President-Research & Development
  • Justin Dougherty, Vice President-Engineering Operations
  • Gregory Scott Thomas, Secretary, Senior Vice President & General Counsel

What is Jason P. Rhode's approval rating as Cirrus Logic's CEO?

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.

Who are some of Cirrus Logic's key competitors?

What other stocks do shareholders of Cirrus Logic own?

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).

What is Cirrus Logic's stock symbol?

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

Who are Cirrus Logic's major shareholders?

Cirrus Logic's stock is owned by many different institutional and retail investors. Top institutional shareholders include 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
.

Which institutional investors are buying Cirrus Logic stock?

CRUS stock was bought 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.

How do I buy shares of 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 WeBull, Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Robinhood, Fidelity, and Charles Schwab.
Compare Top Brokerages Here.

What is Cirrus Logic's stock price today?

One share of CRUS stock can currently be purchased for approximately $83.34.

How much money does Cirrus Logic make?

Cirrus Logic has a market capitalization of $4.79 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.

How many employees does Cirrus Logic have?

Cirrus Logic employs 1,481 workers across the globe.

Does Cirrus Logic have any subsidiaries?

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.

When was Cirrus Logic founded?

Cirrus Logic was founded in 1984.

What is Cirrus Logic's official website?

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

Where are Cirrus Logic's headquarters?

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

How can I contact Cirrus Logic?

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]


This page was last updated on 7/28/2021 by MarketBeat.com Staff
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