Cirrus Logic (CRUS) Stock Price, News & Analysis

6 Wall Street equities research 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 equities research analysts is that investors should "buy" CRUS shares.
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6 analysts have issued 12-month price targets 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 twelve months. This suggests a possible upside of 15.7% 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 stock has increased by 0.2% and is now trading at $83.32.
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Cirrus Logic saw a drop in short interest during the month of March. As of March 31st, there was short interest totaling 718,100 shares, a drop of 12.1% from the March 15th total of 816,500 shares. Based on an average trading volume of 433,900 shares, the short-interest ratio is presently 1.7 days. Approximately 1.3% of the company's shares are sold short.
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The company is scheduled to release its next quarterly earnings announcement on Thursday, May 2nd 2024.
View our CRUS earnings forecast.

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

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 declared that its Board of Directors has authorized a stock buyback program on Tuesday, August 2nd 2022, which allows the company to buyback $500,000,000.00 in shares, according to EventVestor. This buyback authorization allows the company to purchase up to 10.7% of its stock through open market purchases. Stock buyback programs are usually an indication that the company's leadership believes its stock is undervalued.

Cirrus Logic updated its fourth quarter 2024 earnings guidance on Tuesday, February, 6th. The company provided earnings per share (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 many different retail and institutional investors. Top institutional shareholders include Los Angeles Capital Management LLC (0.15%), Cardinal Capital Management (0.04%), Diversified Trust Co (0.02%), Roble Belko & Company Inc (0.00%) and Atlas Capital 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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