Cirrus Logic, Inc. (CRUS)

NASDAQ: CRUS · IEX Real-Time Price · USD
81.03
1.52 (1.91%)
May 27, 2022 12:15 PM EDT - Market open
Market Cap4.55B
Revenue (ttm)1.78B
Net Income (ttm)326.36M
Shares Out56.11M
EPS (ttm)5.52
PE Ratio14.68
Forward PE14.88
Dividendn/a
Ex-Dividend Daten/a
Volume115,350
Open80.48
Previous Close79.51
Day's Range79.96 - 81.23
52-Week Range73.45 - 95.84
Beta0.91
AnalystsBuy
Price Target108.12 (+33.4%)
Earnings DateMay 3, 2022

About CRUS

Cirrus Logic, Inc., a fabless semiconductor company, provides low-power and high-precision mixed-signal processing solutions in the United States and internationally. It offers portable products, including 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 digital signal processer; boosted amplifiers; digital signal processors; and SoundClear technology, which consists of a portfolio of tools, software, and algorithms that...

IndustrySemiconductors & Semiconductor Equipment
IPO DateJun 9, 1989
CEOJason Rhode
Employees1,591
Stock ExchangeNASDAQ
Ticker SymbolCRUS
Full Company Profile

Financial Performance

In 2021, Cirrus Logic's revenue was $1.78 billion, an increase of 30.11% compared to the previous year's $1.37 billion. Earnings were $326.36 million, an increase of 50.16%.

Financial Statements

Analyst Forecast

According to 19 analysts, the average rating for CRUS stock is "Buy." The 12-month stock price forecast is 108.12, which is an increase of 33.44% from the latest price.

Price Target
$108.12
(33.44% upside)
Analyst Consensus: Buy
Stock Forecasts

News

The 7 Best Stocks to Buy for June 2022

Finding value is challenging in this difficult market environment but when you do, those are the best stocks to buy. The post The 7 Best Stocks to Buy for June 2022 appeared first on InvestorPlace.

Other symbols:FBHELEOPCHSNXAVTSAIC
6 hours ago - InvestorPlace

Cirrus Logic to Present at Upcoming Conferences

AUSTIN, Texas--(BUSINESS WIRE)--Cirrus Logic, Inc. (Nasdaq: CRUS) today announced that the company will be presenting at the following investor conferences: New York, June 1 – Cirrus Logic President and...

3 days ago - Business Wire

This Beaten-Down Tech Stock Could Go Parabolic After Crushing Wall Street's Expectations

Investors seeking to buy a fast-growing company on the cheap should take a closer look at this chipmaker.

2 weeks ago - The Motley Fool

Cirrus Logic (CRUS) Q4 Earnings & Revenues Beat, Rise Y/Y

Cirrus Logic's (CRUS) Q4 results gain from the increasing demand for its high-performance mixed-signal segment.

3 weeks ago - Zacks Investment Research

Cirrus Logic (CRUS) Surpasses Q4 Earnings and Revenue Estimates

Cirrus Logic (CRUS) delivered earnings and revenue surprises of 42.55% and 16.55%, respectively, for the quarter ended March 2022. Do the numbers hold clues to what lies ahead for the stock?

3 weeks ago - Zacks Investment Research

Cirrus Logic Reports Fourth Quarter Revenue of $490.0 Million and Full Fiscal Year 2022 Revenue of $1.78 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 the...

3 weeks ago - Business Wire

This Mid-Cap Stock Could Deliver Blockbuster Growth This Earnings Season

This chipmaker is sitting on a huge tailwind.

3 weeks ago - The Motley Fool

Cirrus Aircraft Continues Global Expansion with New European Locations

FRIEDRICHSHAFEN, Germany--(BUSINESS WIRE)-- #Aviation--During the AERO Friedrichshafen press conference, Cirrus Aircraft announced its continued global expansion with investment in two new European loca...

4 weeks ago - Business Wire

Venk Nathamuni Named Cirrus Logic Chief Financial Officer

AUSTIN, Texas--(BUSINESS WIRE)--Cirrus Logic Inc. (Nasdaq: CRUS) today announced the appointment of Venk Nathamuni as chief financial officer, effective April 18, 2022. Venk brings more than 30 years of...

1 month ago - Business Wire

Cirrus Logic to Announce Q4 Results May 3

AUSTIN, Texas--(BUSINESS WIRE)--Cirrus Logic Inc. (Nasdaq: CRUS) today announced that the company will post its fourth quarter and full fiscal year 2022 financial results and business outlook on the inv...

1 month ago - Business Wire

Denise Grodé Joins Cirrus Logic as Chief Human Resources Officer

AUSTIN, Texas--(BUSINESS WIRE)--Cirrus Logic today announced that Denise Grodé has joined its executive team as Chief Human Resources Officer.

1 month ago - Business Wire

Why You Should Keep an Eye on Cirrus Logic (CRUS) Stock?

Cirrus Logic (CRUS) is benefiting from strong demand for high-performance mixed-signal content shipping for smartphones, fast-charging ICs and haptic solutions.

2 months ago - Zacks Investment Research

Cirrus Logic (CRUS) Gains But Lags Market: What You Should Know

Cirrus Logic (CRUS) closed at $79.91 in the latest trading session, marking a +0.76% move from the prior day.

2 months ago - Zacks Investment Research

Cirrus Logic (CRUS) Moves to Strong Buy: Rationale Behind the Upgrade

Cirrus Logic (CRUS) has been upgraded to a Zacks Rank #1 (Strong Buy), reflecting growing optimism about the company's earnings prospects. This might drive the stock higher in the near term.

2 months ago - Zacks Investment Research

ASX vs. CRUS: Which Stock Is the Better Value Option?

ASX vs. CRUS: Which Stock Is the Better Value Option?

Other symbols:ASX
2 months ago - Zacks Investment Research

Why Is Cirrus Logic (CRUS) Up 2.5% Since Last Earnings Report?

Cirrus Logic (CRUS) reported earnings 30 days ago. What's next for the stock?

2 months ago - Zacks Investment Research

Cirrus Logic to Present at Upcoming Conference

AUSTIN, Texas--(BUSINESS WIRE)--Cirrus Logic, Inc. (Nasdaq: CRUS) today announced that Cirrus Logic President and Chief Executive Officer John Forsyth will present at the Morgan Stanley Technology, Medi...

3 months ago - Business Wire

Wall Street Analysts Believe Cirrus Logic (CRUS) Could Rally 25%: Here's is How to Trade

The average of price targets set by Wall Street analysts indicates a potential upside of 25.2% in Cirrus Logic (CRUS). While the effectiveness of this highly sought-after metric is questionable, the pos...

3 months ago - Zacks Investment Research

This Tech Stock Could Soar 42%, and It Is a Terrific Bargain Right Now

This semiconductor supplier is projected to have a big 2022.

3 months ago - The Motley Fool

Bull Of The Day: Cirrus Logic (CRUS)

This chip stock recently posted a solid beat and raise quarter which got my attention.

3 months ago - Zacks Investment Research

Cirrus Logic's (CRUS) Q3 Earnings & Revenues Beat Estimates

Cirrus Logic's (CRUS) Q3 performance benefits from solid demand for its portfolio of solutions.

3 months ago - Zacks Investment Research

Cirrus Logic (CRUS) Tops Q3 Earnings and Revenue Estimates

Cirrus Logic (CRUS) delivered earnings and revenue surprises of 18.14% and 7.28%, respectively, for the quarter ended December 2021. Do the numbers hold clues to what lies ahead for the stock?

3 months ago - Zacks Investment Research

Why Cirrus Logic Shares Are Surging In After-Hours Trading Today

Cirrus Logic Inc CRUS is trading higher in Monday's after-hours session after the company announced better-than-expected fiscal third-quarter financial results and issued guidance above estimates.  Cirr...

3 months ago - Benzinga

Cirrus Logic stock jumps 10% after quarterly results top views

Shares of Cirrus Logic Inc. CRUS, +4.91% jumped more than 10% in the extended session Monday after the chip supplier reported fiscal third-quarter earnings and sales well above Wall Street expectations....

3 months ago - Market Watch

Cirrus Logic Reports Q3 FY22 Revenue of $548.3 Million

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

3 months ago - Business Wire