NASDAQ:CRUS - Cirrus Logic Stock Price, Forecast & News

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 2.0% and is now trading at $64.04. View which stocks have been mosted impacted by Coronavirus.

9 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Cirrus Logic in the last year. There are currently 1 sell rating, 3 hold ratings and 5 buy ratings for the stock, resulting in a consensus recommendation of "Hold." View analyst ratings for Cirrus Logic.

Cirrus Logic is scheduled to release its next quarterly earnings announcement on Wednesday, May 6th 2020. View our earnings forecast for Cirrus Logic.

Cirrus Logic, Inc. (NASDAQ:CRUS) released its quarterly earnings data on Wednesday, January, 29th. The semiconductor company reported $1.41 EPS for the quarter, topping analysts' consensus estimates of $1.14 by $0.27. The semiconductor company earned $374.67 million during the quarter, compared to analysts' expectations of $345.33 million. Cirrus Logic had a return on equity of 15.06% and a net margin of 12.52%. The company's quarterly revenue was up 15.5% on a year-over-year basis. During the same period in the previous year, the business earned $0.91 EPS. View Cirrus Logic's earnings history.

Cirrus Logic declared that its board has authorized a stock repurchase program on Wednesday, January 30th 2019, which permits the company to repurchase $200,000,000.00 in outstanding shares, according to EventVestor. This repurchase authorization permits the company to buy up to 8.9% of its stock through open market purchases. Stock repurchase programs are generally an indication that the company's management believes its stock is undervalued.

Cirrus Logic issued an update on its fourth quarter 2020 After-Hours earnings guidance on Wednesday, January, 29th. The company provided earnings per share (EPS) guidance of for the period. The company issued revenue guidance of $250-290 million, compared to the consensus revenue estimate of $245.68 million.

9 analysts have issued 12-month target prices for Cirrus Logic's shares. Their forecasts range from $55.00 to $100.00. On average, they anticipate Cirrus Logic's stock price to reach $77.78 in the next twelve months. This suggests a possible upside of 21.5% from the stock's current price. View analysts' price targets for Cirrus Logic.

News articles about CRUS stock have been trending very negative on Tuesday, InfoTrie Sentiment Analysis reports. The research group identifies positive and negative media coverage by analyzing more than six thousand news and blog sources in real time. The firm ranks coverage of public companies on a scale of -5 to 5, with scores nearest to five being the most favorable. Cirrus Logic earned a media sentiment score of -3.7 on InfoTrie's scale. They also gave media headlines about the semiconductor company a news buzz of 10.0 out of 10, meaning that recent media coverage is extremely likely to have an effect on the stock's share price in the immediate future. View the latest news aboutCirrus Logic.

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

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), CA (CA), Intel (INTC), Alibaba Group (BABA), Skyworks Solutions (SWKS), Alphabet (GOOG) and Walt Disney (DIS).

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 $64.04.

Cirrus Logic has a market capitalization of $3.75 billion and generates $1.19 billion in revenue each year. The semiconductor company earns $89.99 million in net income (profit) each year or $2.05 on an earnings per share basis. Cirrus Logic employs 1,551 workers across the globe. View additional information about Cirrus Logic.

The official website for Cirrus Logic is http://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]