Cirrus Logic - CRUS Stock Forecast, Price & News

8 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Cirrus Logic in the last year. There are currently 1 sell rating and 7 buy ratings for the stock. The consensus among Wall Street analysts is that investors should "buy" CRUS shares.
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8 Wall Street research analysts have issued 12-month price objectives for Cirrus Logic's stock. Their CRUS share price forecasts range from $80.00 to $120.00. On average, they expect the company's stock price to reach $102.60 in the next year. This suggests a possible upside of 40.2% from the stock's current price.
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Cirrus Logic's stock was trading at $92.02 at the start of the year. Since then, CRUS shares have decreased by 20.5% and is now trading at $73.18.
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The company is scheduled to release its next quarterly earnings announcement on Monday, November 7th 2022.
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Cirrus Logic, Inc. (NASDAQ:CRUS) issued its quarterly earnings results on Sunday, October, 31st. The semiconductor company reported $1.82 earnings per share for the quarter, topping the consensus estimate of $1.63 by $0.19. The semiconductor company had revenue of $465.89 million for the quarter, compared to the consensus estimate of $450.38 million. Cirrus Logic had a trailing twelve-month return on equity of 24.68% and a net margin of 18.38%. Cirrus Logic's quarterly revenue was up 34.1% compared to the same quarter last year. During the same period in the prior year, the business posted $1.07 EPS.

Cirrus Logic declared that its Board of Directors has approved a share buyback program on Tuesday, August 2nd 2022, which permits the company to repurchase $500,000,000.00 in outstanding shares, according to EventVestor. This repurchase authorization permits the company to reacquire up to 10.7% of its shares through open market purchases. Shares repurchase programs are often an indication that the company's leadership believes its shares are undervalued.

Cirrus Logic issued an update on its second quarter 2023 earnings guidance on Tuesday, August, 9th. The company provided EPS guidance of for the period. The company issued revenue guidance of $450.00 million-$490.00 million, compared to the consensus revenue estimate of $470.69 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 trades on the NASDAQ under the ticker symbol "CRUS."

Cirrus Logic's stock is owned by a variety of retail and institutional investors. Top institutional investors include FMR LLC (15.17%), Mackenzie Financial Corp (4.90%), State Street Corp (3.48%), Macquarie Group Ltd. (1.84%), Royce & Associates LP (1.26%) and Letko Brosseau & Associates Inc. (0.82%). Insiders that own company stock include Alan R Schuele, Alan R Schuele, Alexander M Davern, Allan Hughes, Andrew Brannan, Bradley J Fluke, Carl Jackson Alberty, Jason P Rhode, Jeffrey W Baumgartner, Jodee Benson, John C Carter, John Forsyth, Justin E Dougherty, Scott Arnold Anderson, Scott Thomas, Thurman K Case and Timothy R Dehne.
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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 WeBull, Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Robinhood, Fidelity, and Charles Schwab.
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One share of CRUS stock can currently be purchased for approximately $73.18.

Cirrus Logic (NASDAQ:CRUS) has a market capitalization of $4.09 billion and generates $1.78 billion in revenue each year. The semiconductor company earns $326.36 million in net income (profit) each year or $5.92 on an earnings per share basis.

The company employs 1,591 workers across the globe.

Cirrus Logic was founded in 1984.

Cirrus Logic's mailing address is 800 WEST 6TH STREET, AUSTIN TX, 78701. The official website for the company is www.cirrus.com. The semiconductor company can be reached via phone at (512) 851-4000, via email at investor.relations@cirrus.com, or via fax at 800-888-5016.