Cirrus Logic (CRUS) Stock Price, News & Analysis

Company Overview

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, software, and algorithms that helps to enhance user experience with features, such as louder, high-fidelity sound, audio playback, voice capture, and hearing augmentation for use in smartphones, tablets, laptops, AR/VR headsets, home theater systems, automotive entertainment systems, and professional audio systems. It also provides high-performance mixed-signal products comprising camera controllers, haptic and sensing solutions, and battery and power ICs for use in smartphones, as well as legacy industrial and energy applications, such as digital utility meters, power supplies, energy control, energy measurement, and energy exploration. The company markets and sells its products through direct sales force, external sales representatives, and distributors. Cirrus Logic, Inc. was incorporated in 1984 and is headquartered in Austin, Texas.

Key Stats

• Today's Range: $122.58 to $124.71
• 50-Day Range: $117.38 to $145.69
• 52-Week Range: $65.02 to $147.46
• Volume: 440,986 shs
• Average Volume: 485,033 shs
• Market Capitalization: $6.57 billion
• P/E Ratio: 22.71
• Dividend Yield: N/A
• Price Target: $140.00
• Consensus Rating: Moderate Buy

Cirrus Logic Stock Analysis - MarketRank™

Cirrus Logic scored higher than 84% of companies evaluated by MarketBeat, and ranked 164th out of 659 stocks in the computer and technology sector. Scores are calculated by averaging available category scores, with extra weight given to analysis and valuation.

Analyst's Opinion

• Score: 2.4 / 5
• Analyst Rating: Moderate Buy

Consensus Rating

Cirrus Logic has received a consensus rating of Moderate Buy. The company's average rating score is 2.71, and is based on 5 buy ratings, 2 hold ratings, and no sell ratings.

Amount of Analyst Coverage

Cirrus Logic has only been the subject of 2 research reports in the past 90 days.

Earnings and Valuation

• Score: 2.5 / 5
• Proj. Earnings Growth: 7.60%

Earnings Growth

Earnings for Cirrus Logic are expected to grow by 7.60% in the coming year, from $5.26 to $5.66 per share.

Price to Earnings Ratio vs. the Market

The P/E ratio of Cirrus Logic is 22.71, which means that it is trading at a less expensive P/E ratio than the market average P/E ratio of about 133.34.

Price to Earnings Ratio vs. Sector

The P/E ratio of Cirrus Logic is 22.71, which means that it is trading at a less expensive P/E ratio than the Computer and Technology sector average P/E ratio of about 263.11.

Price to Book Value per Share Ratio

Cirrus Logic has a P/B Ratio of 3.64. P/B Ratios above 3 indicate that a company could be overvalued with respect to its assets and liabilities.

Short Interest

• Score: 3.0 / 5
• Short Interest Level: Healthy

Percentage of Shares Shorted

3.07% of the float of Cirrus Logic has been sold short.

Short Interest Ratio / Days to Cover

Cirrus Logic has a short interest ratio ("days to cover") of 3, which is generally considered an acceptable ratio of short interest to trading volume.

Change versus previous month

Short interest in Cirrus Logic has recently increased by 40.52%, indicating that investor sentiment is decreasing significantly.

Dividend

• Score: 0.0 / 5
• Dividend Strength: N/A

Dividend Yield

Cirrus Logic does not currently pay a dividend.

Dividend Growth

Cirrus Logic does not have a long track record of dividend growth.

Sustainability and ESG

• Score: 2.4 / 5
• Environmental Score: -1.54

Percentage of Shares Shorted

3.07% of the float of Cirrus Logic has been sold short.

Short Interest Ratio / Days to Cover

Cirrus Logic has a short interest ratio ("days to cover") of 3, which is generally considered an acceptable ratio of short interest to trading volume.

Change versus previous month

Short interest in Cirrus Logic has recently increased by 40.52%, indicating that investor sentiment is decreasing significantly.

News and Social Media

• Score: 2.6 / 5
• News Sentiment: 0.59

News Sentiment

Cirrus Logic has a news sentiment score of 0.59. This score is calculated as an average of sentiment of articles about the company over the last seven days and ranges from 2 (good news) to -2 (bad news). This news sentiment score is similar to the average news sentiment of Computer and Technology companies.

News Coverage This Week

MarketBeat has tracked 12 news articles for Cirrus Logic this week, compared to 6 articles on an average week.

Search Interest

Only 6 people have searched for CRUS on MarketBeat in the last 30 days. This is a decrease of -50% compared to the previous 30 days.

MarketBeat Follows

4 people have added Cirrus Logic to their MarketBeat watchlist in the last 30 days. This is an increase of 33% compared to the previous 30 days.

Company Ownership

• Score: 2.5 / 5
• Insider Trading: Selling Shares

Insider Buying vs. Insider Selling

In the past three months, Cirrus Logic insiders have sold more of their company's stock than they have bought. Specifically, they have bought $0.00 in company stock and sold $1,935,611.00 in company stock.

Percentage Held by Insiders

Only 1.02% of the stock of Cirrus Logic is held by insiders.

Percentage Held by Institutions

87.96% of the stock of Cirrus Logic is held by institutions. High institutional ownership can be a signal of strong market trust in this company.

CRUS Stock Analysis - Frequently Asked Questions

How have CRUS shares performed this year?

Cirrus Logic's stock was trading at $83.19 at the start of the year. Since then, CRUS stock has increased by 47.7% and is now trading at $122.87.
View the best growth stocks for 2024 here.

How were Cirrus Logic's earnings last quarter?

Cirrus Logic, Inc. (NASDAQ:CRUS) released its quarterly earnings results on Tuesday, August, 6th. The semiconductor company reported $1.12 earnings per share for the quarter, beating analysts' consensus estimates of $0.62 by $0.50. The business's quarterly revenue was up 18.0% compared to the same quarter last year.

Does Cirrus Logic have any subsidiaries?

Cirrus Logic subsidiaries include Wolfson Microelectronics, Acoustic Technologies Inc, Apex Microtechnology, Caretta Integrated Circuits Inc, Stream Machine Company, LuxSonor Semiconductors Inc, ShareWave Inc, and others.

Who are Cirrus Logic's major shareholders?

Top institutional shareholders of Cirrus Logic include Inspire Advisors LLC (0.06%), Cardinal Capital Management (0.04%), Handelsbanken Fonder AB (0.03%) and Inspire Investing LLC (0.02%). Insiders that own company stock include Carl Jackson Alberty, Scott Thomas, Alexander M Davern, Timothy R Dehne, Scott Arnold Anderson, Justin E Dougherty, Andrew Brannan, Venkatesh Nathamuni, Allan Hughes, Thurman K Case and Jeffrey W Baumgartner.
View institutional ownership trends.

How do I buy shares of Cirrus Logic?

Shares of CRUS stock can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include Charles Schwab, E*TRADE, Fidelity, and Vanguard Brokerage Services.
Compare Top Brokerages Here.

What other stocks do shareholders of Cirrus Logic own?

Based on aggregate information from My MarketBeat watchlists, some other companies that Cirrus Logic investors own include NVIDIA (NVDA), Meta Platforms (META), Broadcom (AVGO), Advanced Micro Devices (AMD), Adobe (ADBE), Hawkins (HWKN) and ServiceNow (NOW).

Company Calendar

• Last Earnings: 8/06/2024
• Today: 10/17/2024
• Next Earnings (Estimated): 11/07/2024
• Fiscal Year End: 3/31/2025

Industry, Sector and Symbol

• Stock Exchange: NASDAQ
• Sector: Computer and Technology
• Industry: Semiconductors & related devices
• Sub-Industry: Semiconductors
• Current Symbol: NASDAQ:CRUS
• CUSIP: 17275510
• CIK: 772406
• Web: www.cirrus.com
• Phone: (512) 851-4000
• Fax: 800-888-5016
• Employees: 1,625
• Year Founded: 1984

Price Target and Rating

• Average Stock Price Target: $140.00
• High Stock Price Target: $175.00
• Low Stock Price Target: $100.00
• Potential Upside/Downside: +13.9%
• Consensus Rating: Moderate Buy
• Rating Score (0-4): 2.71
• Research Coverage: 7 Analysts

Profitability

• EPS (Most Recent Fiscal Year): $4.93
• Trailing P/E Ratio: 22.71
• Forward P/E Ratio: 23.36
• P/E Growth: N/A
• Net Income: $274.57 million
• Net Margins: 16.31%
• Pretax Margin: 21.55%
• Return on Equity: 17.42%
• Return on Assets: 14.17%

Debt

• Debt-to-Equity Ratio: N/A
• Current Ratio: 5.46
• Quick Ratio: 4.31

Sales & Book Value

• Annual Sales: $1.85 billion
• Price / Sales: 3.56
• Cash Flow: $6.32 per share
• Price / Cash Flow: 19.45
• Book Value: $33.71 per share
• Price / Book: 3.64

Miscellaneous

• Outstanding Shares: 53,451,000
• Free Float: 52,866,000
• Market Cap: $6.57 billion
• Optionable: Optionable
• Beta: 0.96