Cirrus Logic, Inc. (CRUS)

NASDAQ: CRUS · IEX Real-Time Price · USD
129.77
+2.48 (1.95%)
At close: Jul 2, 2024, 4:00 PM
131.07
+1.30 (1.00%)
After-hours: Jul 2, 2024, 7:45 PM EDT
1.95%
Market Cap 6.94B
Revenue (ttm) 1.79B
Net Income (ttm) 274.57M
Shares Out 53.45M
EPS (ttm) 4.90
PE Ratio 26.48
Forward PE 20.23
Dividend n/a
Ex-Dividend Date n/a
Volume 340,852
Open 127.14
Previous Close 127.29
Day's Range 126.59 - 130.29
52-Week Range 65.02 - 130.29
Beta 0.97
Analysts Strong Buy
Price Target 110.00 (-15.23%)
Earnings Date Aug 1, 2024

About CRUS

Cirrus Logic, Inc., a fabless semiconductor company, develops low-power high-precision mixed-signal processing solutions in China, the United States, and internationally. The company offers audio products, including amplifiers; codecs components that integrate analog-to-digital converters (ADCs) and digital-to-analog converters (DACs) into a single integrated circuit (IC); smart codecs, a codec with integrated digital signal processing; standalone digital signal processors; and SoundClear technology, which consists of a portfolio of tools, soft... [Read more]

Industry Semiconductors
Sector Technology
IPO Date Jun 9, 1989
Employees 1,625
Stock Exchange NASDAQ
Ticker Symbol CRUS
Full Company Profile

Financial Performance

In 2023, Cirrus Logic's revenue was $1.79 billion, a decrease of -5.73% compared to the previous year's $1.90 billion. Earnings were $274.57 million, an increase of 55.39%.

Financial Statements

Analyst Forecast

According to 8 analysts, the average rating for CRUS stock is "Strong Buy." The 12-month stock price forecast is $110.0, which is a decrease of -15.23% from the latest price.

Price Target
$110.0
(-15.23% downside)
Analyst Consensus: Strong Buy
Stock Forecasts

News

Cirrus Logic Unveils Its Latest Additions to Its Family of Professional Audio Converters

AUSTIN, Texas--(BUSINESS WIRE)--Cirrus Logic (Nasdaq: CRUS) today unveiled the latest devices in its Pro Audio product family: a series of digital-to-analog converters (DACs) and an ultra-high perform...

7 days ago - Business Wire

Cirrus Logic Shares' Signals Anything But Mixed

Fabless semiconductor company Cirrus Logic, Inc. (CRUS) develops mixed-signal processing solutions, but its stock performance is anything but mixed – it's thriving – especially over time.

13 days ago - FXEmpire

CMG Announces Appointment of Alex Davern to the Board of Directors

CALGARY, Alberta, May 22, 2024 (GLOBE NEWSWIRE) -- Computer Modelling Group Ltd. (“CMG” or the “Company”) (TSX: CMG) is pleased to announce that Alex Davern has been appointed to the Board of Director...

Other symbols: FARO
5 weeks ago - GlobeNewsWire

Cirrus Logic to Present at Upcoming Conferences

AUSTIN, Texas--(BUSINESS WIRE)--Cirrus Logic, Inc. (Nasdaq: CRUS) announced that the company will be presenting at the following investor conferences: New York, May 29 – Cirrus Logic Chief Executive O...

5 weeks ago - Business Wire

Cirrus Logic Nominates William D. Mosley for Election to Board of Directors

AUSTIN, Texas--(BUSINESS WIRE)--Cirrus Logic (NASDAQ: CRUS) today announced that its board of directors nominated William D. Mosley to stand for election at the company's 2024 Annual Meeting, currentl...

5 weeks ago - Business Wire

Cirrus Logic Announces CFO Transition

AUSTIN, Texas--(BUSINESS WIRE)--Cirrus Logic, Inc. (Nasdaq: CRUS) today announced the resignation of its Chief Financial Officer (CFO), Venk Nathamuni, effective May 24, 2024, to pursue an opportunity...

6 weeks ago - Business Wire

Cirrus Logic Reports Fiscal Fourth Quarter Revenue of $371.8 Million and Full Fiscal Year 2024 Revenue of $1.79 Billion

AUSTIN, Texas--(BUSINESS WIRE)--Cirrus Logic, Inc. (NASDAQ: CRUS) today posted on its website at investor.cirrus.com the quarterly Shareholder Letter that contains the complete financial results for t...

2 months ago - Business Wire

Cirrus Logic to Report Fourth Quarter and Full Fiscal Year 2024 Results

AUSTIN, Texas--(BUSINESS WIRE)--Cirrus Logic, Inc. (NASDAQ: CRUS) today announced that the company will post its fourth quarter and full fiscal year 2024 financial results and business outlook on the ...

2 months ago - Business Wire

Cirrus Logic to Present at Upcoming Conference

AUSTIN, Texas--(BUSINESS WIRE)--Cirrus Logic, Inc. (Nasdaq: CRUS) announced that President and Chief Executive Officer John Forsyth and Chief Financial Officer Venk Nathamuni will present at the Morga...

4 months ago - Business Wire

Jim Cramer lists his top 10 stocks that have jumped this week

'Mad Money' host Jim Cramer looks at the stocks that have jumped this week as the bull market continues to run.

5 months ago - CNBC Television

Cirrus Logic Reports Record Revenue of $619.0 Million for Fiscal Third Quarter

AUSTIN, Texas--(BUSINESS WIRE)--Cirrus Logic, Inc. (NASDAQ: CRUS) today posted on its website at investor.cirrus.com the quarterly Shareholder Letter that contains the complete financial results for t...

5 months ago - Business Wire

Cirrus Logic, Intel, and Microsoft Announce Latest Reference Design to Enable “Cool, Quiet, and High Performance” PCs

AUSTIN, Texas--(BUSINESS WIRE)--Cirrus Logic (Nasdaq: CRUS) announced today a collaboration with Intel and Microsoft on a new PC reference design which will feature Cirrus Logic's high-performance aud...

5 months ago - Business Wire

15 semiconductor companies that have followed Nvidia's lead by showing pricing power and improved efficiency

When thinking about an industry group in the stock market, you can look ahead at sales and profit estimates, or you can look back to see which companies have been faring best by common measures.

5 months ago - Market Watch

Deirdre Hanford's Appointment as CEO of the National Center for the Advancement of Semiconductor Technology

AUSTIN, Texas--(BUSINESS WIRE)--Cirrus Logic, Inc. (NASDAQ: CRUS) congratulates Deirdre Hanford, a member of Cirrus Logic's Board of Directors since 2018, on her appointment as CEO of Natcast, the exp...

5 months ago - Business Wire

Cirrus Logic to Report Third Quarter Fiscal Year 2024 Results

AUSTIN, Texas--(BUSINESS WIRE)--Cirrus Logic, Inc. (NASDAQ: CRUS) today announced that the company will post its third quarter fiscal year 2024 financial results and business outlook on the Investor R...

5 months ago - Business Wire

Flewber Global Inc. Acquires First Cirrus Vision Jet for Flewber Hops Personal Air Mobility Service

NEW YORK, Jan. 03, 2024 (GLOBE NEWSWIRE) -- Flewber Global Inc., an innovator in local and regional air taxi operations, today announced the acquisition of its first Cirrus Vision Jet for its upcoming...

6 months ago - GlobeNewsWire

Cirrus Logic Reports Fiscal Second Quarter Revenue of $481.1 Million

AUSTIN, Texas--(BUSINESS WIRE)--Cirrus Logic, Inc. (NASDAQ: CRUS) today posted on its website at investor.cirrus.com the quarterly Shareholder Letter that contains the complete financial results for t...

8 months ago - Business Wire

Cirrus Logic to Report Second Quarter Fiscal Year 2024 Results

AUSTIN, Texas--(BUSINESS WIRE)--Cirrus Logic, Inc. (NASDAQ: CRUS) today announced that the company will post its second quarter fiscal year 2024 financial results and business outlook on the Investor ...

9 months ago - Business Wire

With New IPhones Around The Corner, Are Apple Supplier Stocks A Buy?

Our Theme of Apple Component Supplier Stocaks, which includes a diverse set of companies that supply components for Apple's devices, has gained about 18% year-to-date,

Other symbols: GLWJBLQCOMQRVOSWKSTXN
11 months ago - Forbes

Cirrus Logic Reports Fiscal First Quarter Revenue of $317.0 Million

AUSTIN, Texas--(BUSINESS WIRE)--Cirrus Logic, Inc. (NASDAQ: CRUS) today posted on its website at investor.cirrus.com the quarterly Shareholder Letter that contains the complete financial results for t...

11 months ago - Business Wire

Cirrus Logic Helps Ease PC Industry Transition to New MIPI SoundWire® Interface

AUSTIN, Texas--(BUSINESS WIRE)--Cirrus Logic collaborates with Intel and Microsoft to ease transition to new MIPI SoundWire® interface (1.2.1) for a more immersive audio experience.

11 months ago - Business Wire

Cirrus Logic to Report First Quarter Fiscal Year 2024 Results

AUSTIN, Texas--(BUSINESS WIRE)--Cirrus Logic, Inc. (NASDAQ: CRUS) today announced that the company will post its first quarter fiscal year 2024 financial results and business outlook on the Investor R...

1 year ago - Business Wire

Cirrus Logic to cut 5% of global workforce

Cirrus Logic Inc. CRUS, +2.13% said it will cut 5% of its workforce, or about 85 employees, according to a filing with the Securities and Exchange Commission late Wednesday. The job cuts are a result ...

1 year ago - Market Watch

ALE Empowers IT Data Driven Decisions With OmniVista Cirrus Release 10

PARIS--(BUSINESS WIRE)--Alcatel-Lucent Enterprise launches its next generation network management system, OmniVista Cirrus Release 10, for empowering IT data driven decisions.

1 year ago - Business Wire

New Pro Audio Family of Converters from Cirrus Logic Delivers True Transparent Audio Experience

AUSTIN, Texas--(BUSINESS WIRE)--Building on its history in audio, Cirrus Logic (Nasdaq: CRUS) announced today a new family of professional audio products that equips manufacturers with transparent aud...

1 year ago - Business Wire