Cirrus Logic, Inc. (CRUS)

NASDAQ: CRUS · IEX Real-Time Price · USD
102.17
-0.21 (-0.21%)
Feb 6, 2023, 2:48 PM EST - Market open
-0.21%
Market Cap 5.62B
Revenue (ttm) 2.01B
Net Income (ttm) 326.79M
Shares Out 55.06M
EPS (ttm) 5.68
PE Ratio 18.00
Forward PE 12.85
Dividend n/a
Ex-Dividend Date n/a
Volume 539,778
Open 100.64
Previous Close 102.38
Day's Range 99.92 - 104.36
52-Week Range 61.94 - 104.97
Beta 0.99
Analysts Buy
Price Target 91.79 (-10.16%)
Earnings Date Feb 2, 2023

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... [Read more]

Industry Semiconductors
Sector Technology
IPO Date Jun 9, 1989
Employees 1,591
Stock Exchange NASDAQ
Ticker Symbol CRUS
Full Company Profile

Financial Performance

In 2022, 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 18 analysts, the average rating for CRUS stock is "Buy." The 12-month stock price forecast is $91.79, which is a decrease of -10.16% from the latest price.

Price Target
$91.79
(-10.16% downside)
Analyst Consensus: Buy
Stock Forecasts

News

Why Cirrus Logic Shares Are Trading HIgher Today? - Cirrus Logic (NASDAQ:CRUS)

Cirrus Logic CRUS shares are trading higher after the company reported better-than-expected Q3 EPS and sales results.

3 days ago - Benzinga

Cirrus Logic (CRUS) Q3 Earnings Top Estimates, Revenues Up Y/Y

Cirrus Logic's (CRUS) Q3 results benefit from the increasing demand for its solutions amid rising smartphone demand.

3 days ago - Zacks Investment Research

Cirrus Logic (CRUS) Q3 Earnings and Revenues Surpass Estimates

Cirrus Logic (CRUS) delivered earnings and revenue surprises of 20.60% and 9.78%, respectively, for the quarter ended December 2022. Do the numbers hold clues to what lies ahead for the stock?

3 days ago - Zacks Investment Research

Cirrus Logic Reports Fiscal Third Quarter Revenue of $590.6 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...

3 days ago - Business Wire

4 Tech Stocks Seeing Upward Estimate Revisions Heading into Earnings

The revisions trend indicates that not all tech stocks are headed the same way as Microsoft.

Other symbols: PCTY
6 days ago - Zacks Investment Research

CRUS vs. AMBA: Which Stock Should Value Investors Buy Now?

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

Other symbols: AMBA
1 week ago - Zacks Investment Research

Earnings Preview: Cirrus Logic (CRUS) Q3 Earnings Expected to Decline

Cirrus Logic (CRUS) doesn't possess the right combination of the two key ingredients for a likely earnings beat in its upcoming report. Get prepared with the key expectations.

1 week ago - Zacks Investment Research

5 Low Price-to-Sales Stocks to Take Advantage of Current Markets

The price-to-sales ratio is a convenient tool to gauge the value of stocks incurring losses or in an early development cycle. Stocks like AIR, SKM, PUMP, CRUS and FAF hold promise.

Other symbols: AIRFAFPUMPSKM
1 week ago - Zacks Investment Research

Cirrus Logic, Inc. (CRUS) Hit a 52 Week High, Can the Run Continue?

Cirrus Logic (CRUS) is at a 52-week high, but can investors hope for more gains in the future? We take a look at the company's fundamentals for clues.

1 week ago - Zacks Investment Research

Cirrus Logic to Report Third Quarter Fiscal 2023 Results

AUSTIN, Texas--(BUSINESS WIRE)--Cirrus Logic Inc. (NASDAQ: CRUS) today announced that the company will post its third quarter fiscal year 2023 financial results and business outlook on the Investor ...

2 weeks ago - Business Wire

4 Undervalued Tech Stocks to Buy on Market Recovery Optimism

Undervalued stocks like JBL, CRUS, ASUR and BCOV may witness a sharp rebound as easing inflationary pressure and gasoline prices boost confidence over broader market recovery in 2023.

Other symbols: ASURBCOVJBL
2 weeks ago - Zacks Investment Research

Here's Why You Need to Keep an Eye on Cirrus Logic (CRUS)

Cirrus Logic's (CRUS) performance is benefiting from increasing demand for its high-performance mixed-signal segment.

3 weeks ago - Zacks Investment Research

Is Cirrus Logic (CRUS) a Great Stock for Value Investors?

Is Cirrus Logic (CRUS) a great pick from the value investor's perspective right now? Read on to know more.

1 month ago - Zacks Investment Research

7 Semiconductor Stocks to Buy and Hold Forever

Once considered to be a cash cow for investors, finding semiconductor stocks to buy and hold can be daunting these days. The iShares Semiconductor ETF (NASDAQ: SOXX), an exchange traded fund that hol...

Other symbols: AMKRARRYAVGOFSLRONSPWR
2 months ago - InvestorPlace

7 Stocks to Buy and Hold Forever

Once considered to be a cash cow for investors, finding semiconductor stocks to buy and hold can be daunting these days. The iShares Semiconductor ETF (NASDAQ: SOXX), an exchange traded fund that hol...

Other symbols: AMKRARRYAVGOFSLRONSPWR
2 months ago - InvestorPlace

7 Stocks That Are Screaming Buys for 2023

While no one enjoys enduring significant market volatility, the downside invariably brings stocks that are screaming buys to the table. These are companies that have either absorbed way too much red i...

2 months ago - InvestorPlace

Cirrus Logic (CRUS) Up 5.4% Since Last Earnings Report: Can It Continue?

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 Barclays TMT Conference

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

2 months ago - Business Wire

7 Tech Stocks That Could Make Huge Moves in December

Although tech stocks represented one of the worst-hit sectors in the malaise that is 2022, a few of these tech stocks to buy could make a surprising comeback in Dec. While it's no guarantee, the festi...

2 months ago - InvestorPlace

4 Electronics Stocks to Escape Pandemic-Led Disruptions

The pandemic-triggered disturbances hurt the Zacks Electronics - Semiconductors industry. Industry players like GFS, LSCC, CRUS and PI are set to gain from the solid adoption of 5G, AI, ML, IoT and Bl...

Other symbols: GFSLSCCPI
2 months ago - Zacks Investment Research

Top Wall Street analysts pick these stocks to bet on during the market's uncertainty

TipRanks analyst ranking service pinpoints Wall Street's best-performing stocks, including AMD & Chegg

Other symbols: AMDCHGGHURNKAR
3 months ago - CNBC

Cirrus Logic (CRUS) Q2 Earnings & Revenues Beat, Rise Y/Y

Cirrus Logic's (CRUS) Q2 results benefit from the increasing demand for its high-performance mixed-signal segment.

3 months ago - Zacks Investment Research

Cirrus Logic (CRUS) Q2 Earnings and Revenues Surpass Estimates

Cirrus Logic (CRUS) delivered earnings and revenue surprises of 37.24% and 14.85%, respectively, for the quarter ended September 2022. Do the numbers hold clues to what lies ahead for the stock?

3 months ago - Zacks Investment Research

Cirrus Logic Reports Fiscal Second Quarter Revenue of $540.6 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...

3 months ago - Business Wire

Can Cirrus Logic (CRUS) Keep the Earnings Surprise Streak Alive?

Cirrus Logic (CRUS) has an impressive earnings surprise history and currently possesses the right combination of the two key ingredients for a likely beat in its next quarterly report.

3 months ago - Zacks Investment Research