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Cirrus Logic (CRUS)
NASDAQ:CRUS
Cirrus Logic (CRUS) Stock Price & Analysis
1,309 Followers
CRUS Stock Chart & Stats
Day’s Range$0 - $0
52-Week Range$65.02 - $112.67
Previous Close$110.02
Volume478.13K
Average Volume (3M)410.90K
Market Cap
$5.93B
Enterprise Value$5.58B
Total Cash (Recent Filing)$516.77M
Total Debt (Recent Filing)$158.32M
Price to Earnings (P/E)22.4
Beta1.13
Next Earnings
Jul 31, 2024EPS Estimate
$0.61Next Dividend Ex-DateN/A
Dividend YieldN/A
Share Statistics
EPS (TTM)4.92
Shares Outstanding53,934,984
10 Day Avg. Volume713,787
30 Day Avg. Volume410,905
Standard Deviation0.11
R-Squared0.23
Alpha0.00602
Financial Highlights & Ratios
Price to Book (P/B)4.45
Price to Sales (P/S)15.92
Price to Cash Flow (P/CF)4.70
P/FCF Ratio4.90
Enterprise Value/Market CapN/A
Enterprise Value/Revenue3.11
Enterprise Value/Gross Profit5.83
Enterprise Value/Ebitda30.89
Forecast
1Y Price Target
$113.00Price Target Upside2.71% Upside
Rating ConsensusStrong Buy
Number of Analyst Covering7
Cirrus Logic News
PremiumCompany Announcements
Cirrus Logic Announces CFO Transition, Seeks Replacement
Bulls Say, Bears Say
Bulls Say
Market ExpansionCirrus Logic's new opportunities in the laptop market are expected to drive a more diversified customer base and support long-term growth.
Product LaunchUpcoming product launches, including the first 22nm codec and new amplifiers for the next iPhone, are anticipated to provide incremental revenue for Cirrus Logic.
Revenue GrowthThe company expects to return to a more typical pricing environment with prices expected to come down somewhat but offset by operational efficiencies and feature enhancements.
Bears Say
Analyst RatingThe analyst has downgraded Cirrus Logic Inc. from Buy to Hold as the stock approaches fair value, indicating limited upside potential.
Investor ExpectationsThe company's consistent track record of beating expectations is already factored into investor models, which may limit future stock appreciation.
Revenue GrowthAnalysts are less optimistic about significant revenue growth from A.I. content opportunities for Cirrus Logic in the near term.
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Ownership Overview
18.87% Insiders
33.24% Mutual Funds
41.54% Other Institutional Investors
6.35% Public Companies and
Individual Investors
Risk Analysis
Main Risk Category
Finance & CorporateFinancial and accounting risks. Risks related to the execution of corporate activity and strategy
Website Traffic
Sorry, No Data AvailableThere is no website visitor data available for this stock.
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CRUS FAQ
What was Cirrus Logic’s price range in the past 12 months?
Cirrus Logic lowest stock price was $65.02 and its highest was $112.67 in the past 12 months.
What is Cirrus Logic’s market cap?
Currently, no data Available
When is Cirrus Logic’s upcoming earnings report date?
Cirrus Logic’s upcoming earnings report date is Jul 31, 2024 which is in 72 days.
How were Cirrus Logic’s earnings last quarter?
Cirrus Logic released its earnings results on May 07, 2024. The company reported $1.24 earnings per share for the quarter, beating the consensus estimate of $0.641 by $0.599.
Is Cirrus Logic overvalued?
According to Wall Street analysts Cirrus Logic’s price is currently Undervalued.
Does Cirrus Logic pay dividends?
Cirrus Logic does not currently pay dividends.
What is Cirrus Logic’s EPS estimate?
Cirrus Logic’s EPS estimate is $0.61.
How many shares outstanding does Cirrus Logic have?
Cirrus Logic has 53,934,982 shares outstanding.
What happened to Cirrus Logic’s price movement after its last earnings report?
Cirrus Logic reported an EPS of $1.24 in its last earnings report, beating expectations of $0.641. Following the earnings report the stock price went up 12.191%.
Which hedge fund is a major shareholder of Cirrus Logic?
Among the largest hedge funds holding Cirrus Logic’s share is Royce & Associates LLC. It holds Cirrus Logic’s shares valued at 58M.
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Cirrus Logic Stock Smart Score
Outperform
1
2
3
4
5
6
7
8
9
10
Analyst Consensus
Strong Buy
Average Price Target:
$113.00 (2.71% Upside)
$113.00 (2.71% Upside)
Blogger Sentiment
Bullish
CRUS Sentiment 75%
Sector Average 68%
Sector Average 68%
Hedge Fund Trend
Decreased
By 41.7K Shares
Last Quarter.
Last Quarter.
Insider Transactions
Sold Shares
Worth $731.2K over
the Last 3 Months
the Last 3 Months
Crowd Wisdom
Very Positive
Last 7 Days ▲ 6.7%
Last 30 Days ▲ 8.1%
Last 30 Days ▲ 8.1%
News Sentiment
Neutral
Bullish news 50%
Bearish news 50%
Bearish news 50%
Technicals
SMA
Positive
20 days / 200 days
Momentum
39.17%
12-Months-Change
Fundamentals
Return on Equity
15.80%
Trailing 12-Months
Asset Growth
8.12%
Trailing 12-Months
Company Description
Cirrus Logic
Cirrus Logic, Inc. develops high-precision, analog and mixed-signal integrated circuits for a range of customers. It builds an analog and signal-processing patent portfolio. The firm delivers optimized products for a variety of audio, industrial and energy-related applications. Its product lines include portable audio products and non-portable audio and other products. The company was founded by Suhas S. Patil and Michael L. Hackworth in 1984 and is headquartered in Austin, TX.
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CRUS Company Deck
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CRUS Earnings Call
Q4 2024
0:00 / 0:00
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CRUS Stock 12 Month Forecast
Average Price Target
$113.00
▲(2.71% Upside)
Technical Analysis
Best Analysts Covering CRUS
1 Year
1 Year Success Rate
23/32 ratings generated profit
1 Year Average Return
+25.20%
reiterated a buy rating 12 days ago
Copying Tore Svanberg's trades and holding each position for 1 Year would result in 71.88% of your transactions generating a profit, with an average return of +25.20% per trade.
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