CRUS - Cirrus Logic, Inc.

NasdaqGS - NasdaqGS Real Time Price. Currency in USD
60.65
+0.44 (+0.73%)
At close: 4:00PM EDT
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  • Short Term
    2W - 6W
  • Mid Term
    6W - 9M
  • Long Term
    9M+
Previous Close60.21
Open61.08
Bid60.63 x 900
Ask62.39 x 800
Day's Range60.30 - 61.17
52 Week Range41.23 - 91.63
Volume667,580
Avg. Volume914,200
Market Cap3.54B
Beta (5Y Monthly)0.97
PE Ratio (TTM)22.97
EPS (TTM)2.64
Earnings DateAug 03, 2020
Forward Dividend & YieldN/A (N/A)
Ex-Dividend DateN/A
1y Target Est80.50
Fair Value is the appropriate price for the shares of a company, based on its earnings and growth rate also interpreted as when P/E Ratio = Growth Rate. Estimated return represents the projected annual return you might expect after purchasing shares in the company and holding them over the default time horizon of 5 years, based on the EPS growth rate that we have projected.
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  • Business Wire

    Cirrus Logic to Announce Q1 Results August 3

    Cirrus Logic, Inc. (Nasdaq: CRUS) today announced that the company will post its first quarter fiscal year 2021 financial results and business outlook on the investor relations area of its website on Monday, Aug. 3, at approximately 4 p.m. EDT.

  • These 2 5G Stocks Could Soar in the Second Half of 2020
    Motley Fool

    These 2 5G Stocks Could Soar in the Second Half of 2020

    Demand for 5G smartphones has remained strong even though the overall market has taken a beating in the wake of the novel coronavirus pandemic. According to Strategy Analytics, 5G smartphone shipments of 24.1 million units in the first quarter of 2020 eclipsed 2019's total shipments of 18.7 million. Global smartphone sales, however, were down 17% year-over-year during the quarter to 275 million units.

  • 3 “Perfect 10” Stocks With Double-Digit Upside Potential
    TipRanks

    3 “Perfect 10” Stocks With Double-Digit Upside Potential

    This past Friday we got our first hint of the route our economic recovery from coronavirus may take – and the news was unequivocally good. Despite an uneven reopening, with some states all in and others continuing their lockdowns, the May jobs report showed the largest surge in employment in the survey’s history.As the recovery proceeds, investors have to find the right stocks to take advantage of the jump in the market. TipRanks has the data tools to bring clarity from the market conditions – especially the Smart Score tool. Building on eight separate factors, the Smart Score collates all the available data on a stock and distills it down to a single number. Some stocks – the best options out there – get the coveted ‘perfect 10.’ Using the Smart Score tool, we managed to pinpoint 3 stocks that currently present perfect investing opportunities — all receive a score of a “perfect 10.” Universal Technical Institute (UTI)The first “perfect 10” name on today’s list is Universal Technical Institute, a network of technical post-secondary schools and colleges throughout the US. Courses are offered in automotive repair, diesel/industrial technology, and collision repair. The school offers manufacturer specific training in marine and motorcycle mechanics, and partners with NASCAR.Earnings turned negative in Q1, even though revenues grew year-over-year. In Q2, reported last month, EPS came in at a 4-cent loss, again, while revenues grew. The Q2 top line, $82.7 million, beat the forecast and was up modestly from the year before.B. Riley FBR analyst Rajiv Sharma believes that UTI will see a fast turnaround once COVID-19 restrictions are eased. He writes, “the bevy of lower income jobs (retail, restaurants etc) that typically compete with a student’s stint at UTI, are now more likely to take longer to come back if not impacted severely. Soaring unemployment rates too, as shown from recessions in the past, are also expected to start causing a rise in student enrollments soon. Ongoing enrollments, seasonally slow during this period anyway, have not been out of the ordinary. UTI, for the first time, had several hundred enroll into their recently-launched online+workshop curriculum.”Sharma’s $11 price target on UTI implies a robust upside of 46%, and backs up his Buy rating. (To watch Sharma’s track record, click here)Overall, we’re looking at a stock with a unanimous Strong Buy analyst consensus rating. Wall Street has given UTI 4 thumbs up in recent weeks. The $9.50 average price target suggests room for 26% growth from the $7.51 share price. (See UTI stock analysis on TipRanks)InterDigital (IDCC)Next up is InterDigital, a technology R&D firm that specializes in wireless and video tech for mobile devices and networks. The company’s technologies are integral in streaming media, 5G, and virtual reality. As can be imagined, the current corona crisis – with its sudden surge in remote connection use and telecommuting work – has been an opportunity for InterDigital. IDCC’s first quarter earnings broke even, doing better than the Street had anticipated. On the top line, revenues of $76.2 million also beat the forecast and were substantially higher year-over-year. Roth Capital analyst Scott Searle sees a clear path forward for IDCC. He writes of the company, “With an attractive long-term model, strong balance sheet (~$13+ net cash/share) and defensible IP position, IDCC currently trades at 13x 2021 pro forma EPS (net of cash). We believe that the company has competently managed implementation and communication of accounting confusion around ASC 606 and expect the major contributor to the disparity (Huawei) to be rectified in 2019.”Searle’s rates IDCC a Buy and his $104 price target suggests an impressive upside of 76% for the coming year. (To watch Searle’s track record, click here)Overall, Wall Street agrees with Searle. IDCC has a unanimous Strong Buy analyst consensus rating, based on 3 recent reviews. Shares are priced at $58.51, and the $93.67 average price target implies a one-year upside of 60%. (See InterDigital stock analysis on TipRanks)Cirrus Logic (CRUS)Last on our list is a mid-cap player in the semiconductor chip industry. Cirrus is a fabless chipmaker; that is, the company designs and markets its chips, while outsourcing the manufacturing process. Cirrus’ chips are widely used in audio and voice reproduction systems. The company reported $1.28 billion in revenue for FY20, ending last month, and a solid financial position. Cirrus claims some $600 million in available cash and do outstanding debt – an enviable position for any company, but especially so during these difficult times.Still, despite the company’s strong performance, it has been impacted by the coronavirus and the economic shutdowns. Travel and trade restrictions have disrupted supply and distribution chains, as they have across the board. CRUS shares are down 11.3% from its pre-bear market levels.Ruben Roy, 5-star analyst with Benchmark, is optimistic about this stock, writing, “We continue to believe that as audio and voice technologies continue to proliferate, CRUS will remain amongst the biggest beneficiaries… with a growing portfolio of technologies and continued strength of customer relationships, we continue to expect CRUS to be well positioned as market trends improve.”Roy’s Buy rating is backed by a $95 price target that indicates his confidence in 39% upside growth for the coming year. (To watch Roy’s track record, click here)The analyst consensus rating on CRUS is a Moderate Buy, based on 3 Buys and 2 Holds set in the last couple of months. The shares have an $86 average price target, which suggests a 20% growth potential from the current $71.60 trading price. (See Cirrus Logic stock analysis on TipRanks)To find good ideas for stocks trading at attractive valuations, visit TipRanks’ Best Stocks to Buy, a newly launched tool that unites all of TipRanks’ equity insights.

  • Apple iPhone Delay Mars Broadcom View, Puts Suppliers at Risk
    Zacks

    Apple iPhone Delay Mars Broadcom View, Puts Suppliers at Risk

    Apple (AAPL) is possibly delaying the launch of iPhone 12, as indicated by Broadcom's Q3 revenue outlook. This is likely to create pressure on its other suppliers as well at least in the near term.

  • Should You Buy Cirrus Logic, Inc. (CRUS)?
    Insider Monkey

    Should You Buy Cirrus Logic, Inc. (CRUS)?

    The latest 13F reporting period has come and gone, and Insider Monkey is again at the forefront when it comes to making use of this gold mine of data. Insider Monkey finished processing 821 13F filings submitted by hedge funds and prominent investors. These filings show these funds' portfolio positions as of March 31st, 2020. […]

  • Bearish Bets: 2 Stocks Investors Should Consider Shorting This Week
    TheStreet.com

    Bearish Bets: 2 Stocks Investors Should Consider Shorting This Week

    Using recent actions and grades from TheStreet's Quant Ratings and layering on technical analysis of the charts of those stocks, Trifecta Stocks identifies five names each week that look bearish. While we will not be weighing in with fundamental analysis we hope this piece will give investors interested in stocks on the way down a good starting point to do further homework on the names. Cirrus Logic Inc. recently was downgraded to Hold with a C rating by TheStreet's Quant Ratings.

  • Why Is Cirrus Logic (CRUS) Down 2.6% Since Last Earnings Report?
    Zacks

    Why Is Cirrus Logic (CRUS) Down 2.6% Since Last Earnings Report?

    Cirrus Logic (CRUS) reported earnings 30 days ago. What's next for the stock? We take a look at earnings estimates for some clues.

  • Cirrus Logic Launches Advanced Haptic and Sensing Technology Solutions for Richer, Immersive User Experiences
    Business Wire

    Cirrus Logic Launches Advanced Haptic and Sensing Technology Solutions for Richer, Immersive User Experiences

    Cirrus Logic Launches Advanced Haptics and Sensing Technology Solutions for Richer, Immersive User Experiences

  • Business Wire

    Cirrus Logic to Present at Upcoming Conferences

    Cirrus Logic, Inc. (Nasdaq: CRUS) today announced that the company will be presenting at the following investor conferences:

  • Thomson Reuters StreetEvents

    Edited Transcript of CRUS earnings conference call or presentation 4-May-20 9:00pm GMT

    Q4 2020 Cirrus Logic Inc Earnings Call

  • This Apple Supplier Could Turn Out to Be a Top 5G Play
    Motley Fool

    This Apple Supplier Could Turn Out to Be a Top 5G Play

    Cirrus Logic (NASDAQ: CRUS) crushed Wall Street's expectations with a terrific fiscal 2020 fourth-quarter report earlier this month. The chipmaker's revenue and earnings increased substantially during the quarter that ended in March, which is impressive considering the impact of the COVID-19 pandemic on smartphone markets across the globe. Apple (NASDAQ: AAPL) is its largest customer, accounting for 75% of the total revenue last quarter, followed by an Android smartphone maker that supplies another 10%.

  • Results: Cirrus Logic, Inc. Exceeded Expectations And The Consensus Has Updated Its Estimates
    Simply Wall St.

    Results: Cirrus Logic, Inc. Exceeded Expectations And The Consensus Has Updated Its Estimates

    Shareholders might have noticed that Cirrus Logic, Inc. (NASDAQ:CRUS) filed its full-year result this time last week...

  • Cirrus Logic, Skyworks Solutions Climb On March-Quarter Earnings
    Investor's Business Daily

    Cirrus Logic, Skyworks Solutions Climb On March-Quarter Earnings

    Cirrus Logic and Skyworks Solutions saw their shares rise Tuesday on better-than-expected March-quarter results. The two semiconductor stocks reported quarterly results late Monday.

  • Cirrus Logic's (CRUS) Q4 Earnings Beat Estimates, Up Y/Y
    Zacks

    Cirrus Logic's (CRUS) Q4 Earnings Beat Estimates, Up Y/Y

    Increased component shipments in smartphones and digital headsets drive Cirrus Logic's (CRUS) Q4 revenues and earnings.

  • Cirrus Logic Inc (CRUS) Q4 2020 Earnings Call Transcript
    Motley Fool

    Cirrus Logic Inc (CRUS) Q4 2020 Earnings Call Transcript

    Joining me on today's call is Jason Rhode, Cirrus Logic's Chief Executive Officer; John Forsyth, the Company's President; and Chelsea Heffernan, our Director of Investor Relations. Today, we announced our financial results for the fourth quarter and full fiscal year 2020 at approximately 4:00 p.m. Eastern.

  • Cirrus Logic (CRUS) Q4 Earnings and Revenues Surpass Estimates
    Zacks

    Cirrus Logic (CRUS) Q4 Earnings and Revenues Surpass Estimates

    Cirrus Logic (CRUS) delivered earnings and revenue surprises of 44.68% and 6.36%, respectively, for the quarter ended March 2020. Do the numbers hold clues to what lies ahead for the stock?

  • TheStreet.com

    Cirrus Logic Beats Estimates; Sees Q1 Revenue Decline of 6%

    Cirrus Logic, Inc. posted better-than-expected revenue and earnings for its fiscal fourth quarter but forecast that fiscal first-quarter revenue will fall 6% from the same period last year. The maker of chips used in mobile phones and other devices said revenue in the just completed period was $279.3 million. It posted non-GAAP earnings per share of 68 cents.

  • GuruFocus.com

    Royce Investment Partners: Premier Quality- An Update and Outlook

    By Chuck Royce, Lauren Romeo and Steven McBoyle Continue reading...

  • Business Wire

    Cirrus Logic Reports Q4 FY20 Revenue of $279.3 Million

    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 for the fourth quarter and full fiscal year 2020, which ended March 28, 2020, as well as the company’s current business outlook.

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    GuruFocus.com

    6 Tech Stocks Boosting Earnings

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  • Business Wire

    Cirrus Logic Names Catherine Lego to Board of Directors

    Catherine Lego Cirrus Logic board of directors

  • How Does Cirrus Logic's (NASDAQ:CRUS) P/E Compare To Its Industry, After Its Big Share Price Gain?
    Simply Wall St.

    How Does Cirrus Logic's (NASDAQ:CRUS) P/E Compare To Its Industry, After Its Big Share Price Gain?

    Cirrus Logic (NASDAQ:CRUS) shareholders are no doubt pleased to see that the share price has bounced 35% in the last...

  • Why Cirrus Logic, Inc.’s (NASDAQ:CRUS) Return On Capital Employed Is Impressive
    Simply Wall St.

    Why Cirrus Logic, Inc.’s (NASDAQ:CRUS) Return On Capital Employed Is Impressive

    Today we are going to look at Cirrus Logic, Inc. (NASDAQ:CRUS) to see whether it might be an attractive investment...

  • Business Wire

    Cirrus Logic to Announce Q4 Results May 4

    Cirrus Logic, Inc. (Nasdaq: CRUS) today announced that the company will post its fourth quarter and full fiscal year 2020 financial results and business outlook on the investor relations area of its website on Monday, May 4, at approximately 4 p.m. EDT.

  • Benzinga's Top Upgrades, Downgrades For March 31, 2020
    Benzinga

    Benzinga's Top Upgrades, Downgrades For March 31, 2020

    Upgrades * For Ultrapar Participacoes SA (NYSE: UGP), B of A Securities upgraded the stock from Neutral to Buy. For the fourth quarter, Ultrapar Participacoes had an EPS of \ No EPS Value , compared to year-ago quarter EPS of $0.25. The stock has a 52-week-high of $12.37 and a 52-week-low of $1.97. Ultrapar Participacoes's stock last closed at $2.43 per share. * For The Wendy's Co (NASDAQ: WEN), Cowen & Co. upgraded the stock from Market Perform to Outperform. For the fourth quarter, Wendy's had an EPS of $0.08, compared to year-ago quarter EPS of $0.16. The stock has a 52-week-high of $24.04 and a 52-week-low of $6.82. Wendy's's stock last closed at $14.97 per share. * For Corteva Inc (NYSE: CTVA), Susquehanna upgraded the stock from Neutral to Positive. Interestingly, in the fourth quarter, Corteva's EPS was $0.07. The stock has a 52-week-high of $32.78 and a 52-week-low of $20.38. Corteva's stock last closed at $24.14 per share. * Wedbush changed the rating for The Wendy's Co (NASDAQ: WEN) from Neutral to Outperform. In the fourth quarter, Wendy's showed an EPS of $0.08, compared to $0.16 from the year-ago quarter. The stock has a 52-week-high of $24.04 and a 52-week-low of $6.82. Wendy's's stock last closed at $14.97 per share. * For IDEX Corp (NYSE: IEX), Cowen & Co. upgraded the stock from Market Perform to Outperform. For the fourth quarter, IDEX had an EPS of $1.33, compared to year-ago quarter EPS of $1.31. The stock has a 52-week-high of $178.14 and a 52-week-low of $104.56. IDEX's stock last closed at $136.88 per share. * For Dollar General Corp (NYSE: DG), Wells Fargo upgraded the stock from Equal-Weight to Overweight. For the fourth quarter, Dollar General had an EPS of $2.10, compared to year-ago quarter EPS of $1.84. The stock has a 52-week-high of $167.44 and a 52-week-low of $116.15. Dollar General's stock last closed at $146.66 per share. * Exane BNP Paribas changed the rating for Oracle Corp (NYSE: ORCL) from Neutral to Outperform. Oracle earned $0.97 in the third quarter, compared to $0.87 in the year-ago quarter. The stock has a 52-week-high of $60.50 and a 52-week-low of $39.71. Oracle's stock last closed at $50.33 per share. * Barclays changed the rating for Grupo Aeroportuario del Centro Norte SAB de CV (NASDAQ: OMAB) from Underweight to Overweight. In the fourth quarter, Central North Airport Gr showed an EPS of $0.82, compared to $0.84 from the year-ago quarter. The stock has a 52-week-high of $67.07 and a 52-week-low of $20.55. Central North Airport Gr's stock last closed at $26.44 per share. * For The Mosaic Co (NYSE: MOS), B of A Securities upgraded the stock from Neutral to Buy. Mosaic earned ($0.29) in the fourth quarter, compared to $0.77 in the year-ago quarter. The stock has a 52-week-high of $28.01 and a 52-week-low of $6.50. Mosaic's stock last closed at $10.00 per share. * For Cirrus Logic Inc (NASDAQ: CRUS), B of A Securities upgraded the stock from Underperform to Buy. For the third quarter, Cirrus Logic had an EPS of $1.41, compared to year-ago quarter EPS of $0.91. The stock has a 52-week-high of $91.63 and a 52-week-low of $37.24. Cirrus Logic's stock last closed at $64.04 per share. * For Apache Corp (NYSE: APA), UBS upgraded the stock from Sell to Neutral. For the fourth quarter, Apache had an EPS of $0.08, compared to year-ago quarter EPS of $0.31. The stock has a 52-week-high of $38.12 and a 52-week-low of $3.80. Apache's stock last closed at $4.10 per share. * For Hewlett Packard Enterprise Co (NYSE: HPE), Wells Fargo upgraded the stock from Equal-Weight to Overweight. Hewlett Packard earned $0.44 in the first quarter, compared to $0.42 in the year-ago quarter. The stock has a 52-week-high of $17.59 and a 52-week-low of $7.43. Hewlett Packard's stock last closed at $10.04 per share. Downgrades * For Avrobio Inc (NASDAQ: AVRO), H.C. Wainwright downgraded the stock from Buy to Neutral. Avrobio earned ($0.72) in the fourth quarter, compared to ($0.67) in the year-ago quarter. The stock has a 52-week-high of $29.32 and a 52-week-low of $9.76. Avrobio's stock last closed at $16.53 per share. * For Teladoc Health Inc (NYSE: TDOC), Berenberg downgraded the stock from Buy to Hold. Teladoc Health earned ($0.26) in the fourth quarter, compared to ($0.35) in the year-ago quarter. The stock has a 52-week-high of $176.40 and a 52-week-low of $48.57. Teladoc Health's stock last closed at $163.59 per share. * Goldman Sachs changed the rating for Amarin Corp PLC (NASDAQ: AMRN) from Buy to Neutral. For the fourth quarter, Amarin Corp had an EPS of $0.02, compared to year-ago quarter EPS of ($0.09). The stock has a 52-week-high of $26.12 and a 52-week-low of $8.58. Amarin Corp's stock last closed at $13.58 per share. * For Venus Concept Inc (NASDAQ: VERO), Oppenheimer downgraded the stock from Outperform to Perform. Venus Concept earned ($1.07) in the fourth quarter. The stock has a 52-week-high of $9.00 and a 52-week-low of $2.06. Venus Concept's stock last closed at $3.64 per share. * DA Davidson changed the rating for Great Western Bancorp Inc (NYSE: GWB) from Buy to Neutral. In the first quarter, Great Western Bancorp showed an EPS of $0.77, compared to $0.79 from the year-ago quarter. The stock has a 52-week-high of $36.65 and a 52-week-low of $16.87. Great Western Bancorp's stock last closed at $20.77 per share. * HC Wainwright & Co. downgraded the stock for Avrobio Inc (NASDAQ: AVRO) from Buy to Neutral. For the fourth quarter, Avrobio had an EPS of ($0.72), compared to year-ago quarter EPS of ($0.67). The stock has a 52-week-high of $29.32 and a 52-week-low of $9.76. Avrobio's stock last closed at $16.53 per share. * For Cronos Group Inc (NASDAQ: CRON), Canaccord Genuity downgraded the stock from Hold to Sell. In the fourth quarter, Cronos Group showed an EPS of $0.16, compared to ($0.05) from the year-ago quarter. The stock has a 52-week-high of $19.24 and a 52-week-low of $4.00. Cronos Group's stock last closed at $6.34 per share. * For Xylem Inc (NYSE: XYL), Atlantic Equities downgraded the stock from Overweight to Neutral. Xylem earned $0.89 in the fourth quarter, compared to $0.88 in the year-ago quarter. The stock has a 52-week-high of $89.34 and a 52-week-low of $54.62. Xylem's stock last closed at $66.30 per share. * KeyBanc changed the rating for Synaptics Inc (NASDAQ: SYNA) from Overweight to Sector Weight. In the second quarter, Synaptics showed an EPS of $2.04, compared to $1.55 from the year-ago quarter. The stock has a 52-week-high of $84.75 and a 52-week-low of $26.34. Synaptics's stock last closed at $59.65 per share. * Barclays changed the rating for Grupo Aeroportuario del Pacifico SAB de CV (NYSE: PAC) from Overweight to Equal-Weight. For the fourth quarter, Grupo Aeroportuario del had an EPS of $1.35, compared to year-ago quarter EPS of $1.28. The stock has a 52-week-high of $135.31 and a 52-week-low of $44.28. Grupo Aeroportuario del's stock last closed at $54.93 per share. Initiations * Guggenheim Securities initiated coverage on Arena Pharmaceuticals Inc (NASDAQ: ARNA) with a Buy rating. The price target for Arena Pharmaceuticals is set at $95.00. Arena Pharmaceuticals earned ($1.76) in the fourth quarter, compared to ($0.82) in the year-ago quarter. The stock has a 52-week-high of $64.48 and a 52-week-low of $32.95. Arena Pharmaceuticals's stock last closed at $42.12 per share.See more from Benzinga * McCormick & Co: Q1 Earnings Insights * Conagra Brands: Q3 Earnings Insights * Capital Senior Living: Q4 Earnings Insights(C) 2020 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.