Cirrus Logic (CRUS) Stock Price, News & Analysis

6 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Cirrus Logic in the last year. There are currently 6 buy ratings for the stock. The consensus among Wall Street analysts is that investors should "buy" CRUS shares.
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6 analysts have issued 12 month price objectives for Cirrus Logic's stock. Their CRUS share price targets range from $80.00 to $100.00. On average, they anticipate the company's share price to reach $96.43 in the next year. This suggests a possible upside of 17.6% from the stock's current price.
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Cirrus Logic's stock was trading at $83.19 at the beginning of 2024. Since then, CRUS shares have decreased by 1.4% and is now trading at $82.02.
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Cirrus Logic saw a decline in short interest in the month of March. As of March 31st, there was short interest totaling 718,100 shares, a decline of 12.1% from the March 15th total of 816,500 shares. Based on an average trading volume of 433,900 shares, the days-to-cover ratio is currently 1.7 days. Currently, 1.3% of the shares of the company are short sold.
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The company is scheduled to release its next quarterly earnings announcement on Tuesday, May 7th 2024.
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Cirrus Logic will be holding an earnings conference call on Tuesday, May 7th at 5:00 PM Eastern. Interested parties can register for or listen to the call using this link or dial in at 609-800-9909 with passcode "95424".

Cirrus Logic, Inc. (NASDAQ:CRUS) posted its earnings results on Tuesday, February, 6th. The semiconductor company reported $2.53 EPS for the quarter, topping analysts' consensus estimates of $1.70 by $0.83. The semiconductor company earned $618.98 million during the quarter, compared to analyst estimates of $539.55 million. Cirrus Logic had a net margin of 9.84% and a trailing twelve-month return on equity of 16.13%.

ETFs with the largest weight of Cirrus Logic (NASDAQ:CRUS) stock in their portfolio include SPDR S&P Semiconductor ETF (XSD), Invesco Semiconductors ETF (PSI), ProShares Metaverse ETF (VERS), Fidelity Metaverse ETF (FMET), First Trust Nasdaq Semiconductor ETF (FTXL), Defiance Quantum ETF (QTUM), First Trust Technology AlphaDEX Fund (FXL) and Syntax Stratified MidCap ETF (SMDY).

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

Cirrus Logic issued an update on its fourth quarter 2024 earnings guidance on Tuesday, February, 6th. The company provided EPS guidance of for the period. The company issued revenue guidance of $290.0 million-$350.0 million, compared to the consensus revenue estimate of $331.9 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's stock is owned by a number of institutional and retail investors. Top institutional investors include Los Angeles Capital Management LLC (0.15%), Allspring Global Investments Holdings LLC (0.08%), Cardinal Capital Management (0.04%), State of Michigan Retirement System (0.02%), Diversified Trust Co (0.02%) and Denali Advisors LLC (0.00%). Insiders that own company stock include Alan R Schuele, Alan R Schuele, Alexander M Davern, Allan Hughes, Andrew Brannan, Carl Jackson Alberty, Jeffrey W Baumgartner, Jodee Benson, John Forsyth, Justin E Dougherty, Scott Arnold Anderson, Scott Thomas, Thurman K Case, Timothy R Dehne and Venkatesh Nathamuni.
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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 Charles Schwab, E*TRADE, Fidelity, and Vanguard Brokerage Services.
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