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NASDAQ:CRUSCirrus Logic Stock Price, Forecast & News

$71.74
-0.74 (-1.02 %)
(As of 06/1/2020 04:00 PM ET)
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Today's Range
$71.46
Now: $71.74
$72.86
50-Day Range
$64.58
MA: $70.99
$78.28
52-Week Range
$37.66
Now: $71.74
$91.63
Volume456,407 shs
Average Volume778,604 shs
Market Capitalization$4.21 billion
P/E Ratio27.07
Dividend YieldN/A
Beta0.99
Cirrus Logic, Inc., a fabless semiconductor company, develops, manufactures, and markets analog and mixed-signal integrated circuits (ICs) for a range of consumer and industrial markets. The company offers portable and non-portable audio, and other products. Its products include analog and mixed-signal audio converters, and digital signal processing products for mobile applications; codecs-chips that integrate analog-to-digital converters and digital-to-analog converters into a single IC; smart codecs, a codec with digital signal processer; boosted amplifiers; micro-electromechanical systems microphones; digital interface products; and standalone digital signal processors. The company also provides SoundClear technology, which consists of a portfolio of tools, software, and algorithms that offer enhanced voice quality, voice capture, and audio playback features. It provides its products for portable applications, including smartphones, tablets, digital headsets, and speakers, as well as for wearables, such as smart watches and smart bands, VR headsets, and action cameras. The company's products are also used in laptops, audio/video receivers, home theater systems, set-up boxes, musical instruments, and professional audio products applications; and serve the automotive market, which include satellite radio systems, telematics, and multi-speaker car-audio systems. In addition, the company's products are used in industrial and energy-related applications, including digital utility meter, power supply, energy control, energy measurement, and energy exploration applications. It markets and sells its products through direct sales force, external sales representatives, and distributors in the United States and internationally. Cirrus Logic, Inc. was founded in 1984 and is headquartered in Austin, Texas.
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Beat the Market (BTM) Rank

Analyst Opinion: 1.3Community Rank: 2.9Dividend Strength: 0.0Insider Behavior: 1.0Valuation: 1.3 5 -4 -3 -2 -1 -

Overall Beat the Market Rank

1.29 out of 5 stars


Industry, Sector and Symbol

Industry Semiconductors & related devices
Sub-IndustrySemiconductors
SectorComputer and Technology
Current SymbolNASDAQ:CRUS
CUSIP17275510
Phone512-851-4000

Debt

Price-To-Earnings

Sales & Book Value

Annual Sales$1.28 billion
Cash Flow$3.84 per share
Book Value$20.98 per share

Profitability

Net Income$159.50 million

Miscellaneous

Employees1,443
Market Cap$4.21 billion
Next Earnings Date7/29/2020 (Estimated)
OptionableOptionable

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Cirrus Logic (NASDAQ:CRUS) Frequently Asked Questions

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

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. Since then, CRUS stock has increased by 14.3% and is now trading at $71.74. View which stocks have been most impacted by Coronavirus.

Do Wall Street analysts recommend investors buy shares of Cirrus Logic?

8 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Cirrus Logic in the last year. There are currently 3 hold ratings and 5 buy ratings for the stock, resulting in a consensus recommendation of "Buy." View analyst ratings for Cirrus Logic.

When is Cirrus Logic's next earnings date?

Cirrus Logic is scheduled to release its next quarterly earnings announcement on Wednesday, July 29th 2020. View our earnings forecast for Cirrus Logic.

How were Cirrus Logic's earnings last quarter?

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

How will Cirrus Logic's stock buyback program work?

Cirrus Logic announced that its board has initiated a share buyback plan on Wednesday, January 30th 2019, which permits the company to buyback $200,000,000.00 in shares, according to EventVestor. This buyback authorization permits the company to reacquire up to 8.9% of its stock through open market purchases. Stock buyback plans are typically 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 updated its first quarter 2021 After-Hours earnings guidance on Monday, May, 4th. The company provided earnings per share (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.

What price target have analysts set for CRUS?

8 brokers have issued 12-month target prices for Cirrus Logic's stock. Their forecasts range from $62.00 to $95.00. On average, they expect Cirrus Logic's stock price to reach $77.63 in the next year. This suggests a possible upside of 8.2% from the stock's current price. View analysts' price targets for Cirrus Logic.

Has Cirrus Logic been receiving favorable news coverage?

News headlines about CRUS stock have trended very positive this week, according to InfoTrie Sentiment. The research group identifies positive and negative news coverage by analyzing more than six thousand blog and news sources in real time. The firm ranks coverage of public 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 3.5 on InfoTrie's scale. They also assigned media coverage about the semiconductor company a news buzz of 0.0 out of 10, meaning that recent news coverage is extremely unlikely to have an effect on the company's share price in the next few days. View the latest news aboutCirrus Logic.

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), Micron Technology (MU), NVIDIA (NVDA), Netflix (NFLX), Intel (INTC), Skyworks Solutions (SWKS), Alibaba Group (BABA), CA (CA), Walt Disney (DIS) and QUALCOMM (QCOM).

Who are Cirrus Logic's key executives?

Cirrus Logic's management team includes the following people:
  • Dr. Jason P. Rhode, Pres, CEO & Director (Age 49)
  • Mr. Thurman K. Case, CFO, Chief Accounting Officer & VP (Age 62)
  • Mr. Gregory Scott Thomas, Sr. VP, Gen. Counsel & Corp. Sec. (Age 53)
  • Ms. Jo-Dee M. Benson, Chief Culture Officer & VP (Age 59)
  • Mr. Scott A. Anderson, Sr. VP of Supply Chain & Engineering Operations (Age 65)

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 a number of institutional and retail investors. Top institutional shareholders include BlackRock Inc. (14.96%), State Street Corp (3.50%), AQR Capital Management LLC (2.54%), Geode Capital Management LLC (1.77%), Acadian Asset Management LLC (1.40%) and Bank of New York Mellon Corp (1.32%). 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, Timothy R Dehne and William D Sherman. View institutional ownership trends for Cirrus Logic.

Which institutional investors are selling Cirrus Logic stock?

CRUS stock was sold by a variety of institutional investors in the last quarter, including APG Asset Management N.V., APG Asset Management N.V., APG Asset Management N.V., AQR Capital Management LLC, BlackRock Inc., Federated Hermes Inc., Public Sector Pension Investment Board, and Lord Abbett & CO. LLC. 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, Thurman K Case, and Timothy R Dehne. View insider buying and selling activity 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 Sandler Capital Management, MERIAN GLOBAL INVESTORS UK Ltd, Retirement Systems of Alabama, JPMorgan Chase & Co., Ziegler Capital Management LLC, Deutsche Bank AG, UBS Group AG, and Los Angeles Capital Management & Equity Research Inc.. View insider buying and selling activity for Cirrus Logic.

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 Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Robinhood, Fidelity, and Charles Schwab.

What is Cirrus Logic's stock price today?

One share of CRUS stock can currently be purchased for approximately $71.74.

How big of a company is Cirrus Logic?

Cirrus Logic has a market capitalization of $4.21 billion and generates $1.28 billion in revenue each year. Cirrus Logic employs 1,443 workers across the globe.

What is Cirrus Logic's official website?

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

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 6/2/2020 by MarketBeat.com Staff

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