Cirrus LogicCRUS
CRUS
About: Cirrus Logic Inc is a provider of integrated circuits for audio and voice signal processing applications. The firm's products are organized into two streams: portable audio products, and HPMS Products. These products include aAmplifiers, codecs, smart codecs, analog-to-digital converters, digital-to-analog converters and standalone digital signal processors, Camera controllers, haptics and sensing solutions, and battery and power ICs. Roughly half of the firm's revenue is generated in China, with the rest coming from the United States, Europe, South Korea, and countries across the world.
Employees: 1,625
0
Funds holding %
of 6,809 funds
0
Analysts bullish %
of 3 analysts
Fund manager confidence
Based on 2024 Q3 regulatory filings by fund managers ($100M+ AUM)
191% more first-time investments, than exits
New positions opened: 96 | Existing positions closed: 33
71% more call options, than puts
Call options by funds: $39.8M | Put options by funds: $23.2M
35% more repeat investments, than reductions
Existing positions increased: 176 | Existing positions reduced: 130
16% more funds holding
Funds holding: 386 [Q2] → 449 (+63) [Q3]
0% more funds holding in top 10
Funds holding in top 10: 2 [Q2] → 2 (+0) [Q3]
0.92% less ownership
Funds ownership: 92.04% [Q2] → 91.13% (-0.92%) [Q3]
4% less capital invested
Capital invested by funds: $6.28B [Q2] → $6.05B (-$234M) [Q3]
Research analyst outlook
3 Wall Street Analysts provided 1 year price targets over the past 3 months
Low target
$105
4%
upside
Avg. target
$128
28%
upside
High target
$140
39%
upside
3 analyst ratings
2 positive
67%
1 neutral
33%
0 negative
0%
Susquehanna Christopher Rolland 47% 1-year accuracy 74 / 157 met price target | 39%upside $140 | Positive Maintained | 18 Nov 2024 |
Stifel Tore Svanberg 64% 1-year accuracy 30 / 47 met price target | 39%upside $140 | Buy Maintained | 5 Nov 2024 |
Barclays Tom O'Malley 48% 1-year accuracy 21 / 44 met price target | 4%upside $105 | Equal-Weight Maintained | 5 Nov 2024 |
Financial journalist opinion
Based on 5 articles about CRUS published over the past 30 days
Positive
Zacks Investment Research
2 weeks ago
Cirrus Logic Boosts Audio Experience With Next-Gen Timing Devices
CRUS' freshly launched timing solutions are set to bolster audio performance in professional audio and automotive environments.
Neutral
Business Wire
2 weeks ago
Cirrus Logic Redefines Timing for Automotive Audio and Pro Audio Systems
AUSTIN, Texas--(BUSINESS WIRE)--Cirrus Logic (Nasdaq: CRUS), a leader in audio engineering and semiconductor innovation, today announced the launch of its new range of timing products, designed to deliver superior audio experiences in automotive and professional audio applications. The launch of this new product line is designed to bring innovation to the industry and provide existing customers with a smooth transition from their previous high-performance timing devices, enhancing functionality.
Neutral
Business Wire
2 weeks ago
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 Interim Chief Financial Officer Ulf Habermann will present at the Barclays Annual Global Technology Conference in San Francisco, California on December 12, 2024 at 1:20 p.m. PST. A live webcast and replay of the presentation will be available on the company's investor relations website. Cirrus Logic, Inc. Cirrus Logic is a leader in low-power, high-precision mi.
Positive
Zacks Investment Research
2 weeks ago
Why Is Cirrus Logic (CRUS) Up 2.7% Since Last Earnings Report?
Cirrus Logic (CRUS) reported earnings 30 days ago. What's next for the stock?
Positive
Seeking Alpha
4 weeks ago
Cirrus Logic's Record Quarter Followed With Strange Guidance
Cirrus Logic reported record revenue for September, but December guidance fell short, causing a negative market reaction despite upbeat management. Key reasons for the guidance shortfall include a shifted revenue pattern, a shorter December quarter, and an earlier Android ramp. Future growth expected from new PC and Android products, with potential earnings boost from lower corporate tax rates.
Negative
Zacks Investment Research
1 month ago
Cirrus Logic Tanks 19% in a Month: Buy, Sell or Hold CRUS Stock?
Rising costs in a stiff competitive landscape, as well as heavy reliance on a single customer for top-line growth, are concerns for investing in CRUS stock.
Neutral
Business Wire
1 month ago
Cirrus SR Series and Vision Jet Receive Transport Canada Civil Aviation Certification
DULUTH, Minn. & TORONTO--(BUSINESS WIRE)-- #Aviation--The Cirrus SR Series G7 and G2+ Vision Jet have successfully achieved Transport Canada Civil Aviation (TCCA) certification. This certification confirms that Cirrus aircraft adhere to stringent regulatory standards set by Transport Canada concerning aviation safety, performance and operational requirements. Zean Nielsen, CEO of Cirrus, stated, “Pursuing TCCA certification for the newest Cirrus aircraft models, the SR Series G7 and G2+ Vision Jet, undersc.
Neutral
Zacks Investment Research
1 month ago
International Markets and Cirrus Logic (CRUS): A Deep Dive for Investors
Examine Cirrus Logic's (CRUS) international revenue patterns and their implications on Wall Street's forecasts and the prospective trajectory of the stock.
Positive
The Motley Fool
1 month ago
This Artificial Intelligence (AI) Stock Is Down 30% From Its 52-Week Highs: Is It Worth Buying Right Now?
Reliance on a single customer for a huge chunk of revenue is weighing on this company, but that could turn into an advantage in the future.
Neutral
Zacks Investment Research
1 month ago
Here's Why Cirrus Logic (CRUS) is Poised for a Turnaround After Losing -13.29% in 4 Weeks
The heavy selling pressure might have exhausted for Cirrus Logic (CRUS) as it is technically in oversold territory now. In addition to this technical measure, strong agreement among Wall Street analysts in revising earnings estimates higher indicates that the stock is ripe for a trend reversal.
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