Cirrus Logic, Inc. (CRUS)

NASDAQ: CRUS · IEX Real-Time Price · USD
84.47
+2.45 (2.99%)
At close: Apr 22, 2024, 4:00 PM
85.26
+0.79 (0.94%)
After-hours: Apr 22, 2024, 7:43 PM EDT
2.99%
Market Cap 4.56B
Revenue (ttm) 1.79B
Net Income (ttm) 176.06M
Shares Out 53.94M
EPS (ttm) 3.19
PE Ratio 26.48
Forward PE 14.84
Dividend n/a
Ex-Dividend Date n/a
Volume 466,525
Open 82.91
Previous Close 82.02
Day's Range 82.03 - 85.20
52-Week Range 65.02 - 95.87
Beta 0.98
Analysts Strong Buy
Price Target 95.63 (+13.21%)
Earnings Date May 7, 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 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 processing; boosted amplifiers; standalone digital signal processors; and SoundClear technology, which consists of a portfolio of tools, softwa... [Read more]

Industry Semiconductors
Sector Technology
IPO Date Jun 9, 1989
Employees 1,702
Stock Exchange NASDAQ
Ticker Symbol CRUS
Full Company Profile

Financial Performance

In 2022, Cirrus Logic's revenue was $1.90 billion, an increase of 6.52% compared to the previous year's $1.78 billion. Earnings were $176.70 million, a decrease of -45.86%.

Financial Statements

Analyst Forecast

According to 8 analysts, the average rating for CRUS stock is "Strong Buy." The 12-month stock price forecast is $95.63, which is an increase of 13.21% from the latest price.

Price Target
$95.63
(13.21% upside)
Analyst Consensus: Strong Buy
Stock Forecasts

News

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 ...

4 days 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...

2 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.

2 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...

2 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...

2 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.

2 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...

2 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...

3 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...

3 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...

6 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 ...

6 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
9 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...

9 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.

9 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...

10 months 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 ...

10 months 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.

10 months 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...

10 months ago - Business Wire

Cirrus Logic Brings Immersive Audio to PC Market

AUSTIN, Texas--(BUSINESS WIRE)--COMPUTEX TAIPEI – Cirrus Logic (Nasdaq: CRUS) announced today a premium audio solution built specifically for PCs that enables a louder, more immersive audio experience...

11 months ago - Business Wire

Cirrus Logic Nominates Duy-Loan T. Le for Election to Board of Directors

AUSTIN, Texas--(BUSINESS WIRE)--Cirrus Logic (NASDAQ: CRUS) today announced that its board of directors nominated Duy-Loan T. Le to stand for election at the company's 2023 Annual Meeting expected to ...

11 months ago - Business Wire

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 31 – Cirrus Logic Chief Financial O...

11 months ago - Business Wire

Tech-stock picks that are small and focused: This fund invests in unsung innovators. Here are 2 top choices.

When investors think of technology stocks, they might automatically gravitate toward “the next big thing,” or to the giant companies that dominate the S&P 500 SPX, -0.14%. But Robert Stimson, chief in...

Other symbols: KLIC
1 year ago - Market Watch

Cirrus: Could a Sniff of Bad News Give Us a Value Stock?

For suppliers, becoming a key technology provider to Apple Inc. ( AAPL , Financial) is usually a dream.

1 year ago - GuruFocus

Cirrus Logic Reports Fiscal Fourth Quarter Revenue of $372.8 Million and Full Fiscal Year 2023 Revenue of $1.90 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...

1 year ago - Business Wire

Cirrus Aircraft Celebrates 9,000 SR Series Deliveries with Destination-Inspired Limited Edition Aircraft

FRIEDRICHSHAFEN, Germany--(BUSINESS WIRE)-- #Aviation--Cirrus Aircraft today unveiled a new, destination-inspired Limited Edition aircraft to commemorate the 9,000th SR Series aircraft delivery. The 9...

1 year ago - Business Wire