CRUS - Cirrus Logic Inc Stock Price, Fair Value and News

102.39USD+11.26 (+12.36%)Market Closed

Market Summary

USD102.39+11.26

Market Closed

12.36%

CRUS Stock Price

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CRUS RSI Chart

CRUS Valuation

Market Cap

4.9B

Price/Earnings (Trailing)

27.92

Price/Sales (Trailing)

2.75

EV/EBITDA

14.69

Price/Free Cashflow

19.09

CRUS Price/Sales (Trailing)

CRUS Profitability

EBT Margin

13.73%

Return on Equity

9.78%

Return on Assets

7.94%

Free Cashflow Yield

5.24%

CRUS Fundamentals

CRUS Revenue

Revenue (TTM)

1.8B

Rev. Growth (Yr)

4.81%

Rev. Growth (Qtr)

28.67%

CRUS Earnings

Earnings (TTM)

176.1M

Earnings Growth (Yr)

34.06%

Earnings Growth (Qtr)

83.97%

Breaking Down CRUS Revenue

Last 7 days

Last 30 days

-0.6%

Last 90 days

1.5%

Trailing 12 Months

16.9%

How does CRUS drawdown profile look like?

CRUS Financial Health

Current Ratio

6.64

CRUS Investor Care

Buy Backs (1Y)

2.39%

Diluted EPS (TTM)

3.18

Historical Charts for Stock Metrics

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Net sales

Year	Q1	Q2	Q3	Q4
2023	1.9B	1.8B	1.8B	1.8B
2022	1.8B	1.9B	2.0B	2.0B
2021	1.4B	1.4B	1.5B	1.6B
2020	1.3B	1.3B	1.2B	1.4B
2019	1.2B	1.2B	1.2B	1.2B
2018	1.5B	1.5B	1.4B	1.2B
2017	1.5B	1.6B	1.6B	1.6B
2016	1.2B	1.1B	1.3B	1.4B
2015	916.6M	1.0B	1.1B	1.2B
2014	714.3M	711.8M	731.3M	811.0M
2013	809.8M	865.9M	862.8M	771.6M
2012	426.8M	433.6M	525.8M	713.5M
2011	369.6M	379.9M	380.9M	407.6M
2010	221.0M	258.1M	295.3M	332.4M

Get all data in R, Python etc through our Historical Stock Data APIs

GRUFITY'S FAIR VALUE MODEL

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Small Caps and Mid Caps are mostly overlooked by investors as all the focus goes to Magnificent 7. These stocks that are not part of the beauty contest require a deeper look. However, all large cap stocks were once small caps. Grufity's Fair Value model opens up this unverse as it separates high-performing, rewarding stocks from low-performing risky stocks. <b>Russell 2000 stocks that were marked 'Very Cheap' by the model doubled in three years while the index was flat.</b>

Returns of $10,000 invested in:

Very Cheap Stocks: $21,859
Russell 2000 Index: $10,334
Very Expensive Stocks: $8,224

Russell 2000 stocks considered 'Very Cheap' by the model greatly outperformed Russell 2000 index and the 'Very Expensive' bucket over past three years.

Russell 2000 Index

Very Expensive Stocks

Very Cheap Stocks

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Tracking the Latest Insider Buys and Sells of Cirrus Logic Inc

Filter Transactions

Datesorted ascending	Name	Buy/Sell	$ Value	Avg. Price	# Shares	Title
May 04, 2024	nathamuni venkatesh	acquired	-	-	3,421	chief financial officer
May 04, 2024	nathamuni venkatesh	sold (taxes)	-73,526	88.48	-831	chief financial officer
Apr 06, 2024	grode denise	sold (taxes)	-68,368	91.77	-745	chief human resources officer
Apr 06, 2024	grode denise	acquired	-	-	2,947	chief human resources officer
Mar 03, 2024	brannan andrew	acquired	-	-	4,423	vp, worldwide sales
Mar 03, 2024	thomas scott	acquired	-	-	4,602	sr vp, general counsel
Mar 03, 2024	forsyth john	acquired	-	-	15,341	ceo
Mar 03, 2024	dougherty justin e	acquired	-	-	5,137	svp, global operations
Mar 03, 2024	baumgartner jeffrey w	sold (taxes)	-133,785	93.23	-1,435	vp, r&d
Mar 03, 2024	baumgartner jeffrey w	acquired	-	-	5,706	vp, r&d

Which funds bought or sold CRUS recently?

View All Details

Datesorted ascending	Fund Name	Type	% Chg	$ Change	$ Held	% Portfolio
May 06, 2024	SG Americas Securities, LLC	sold off	-100	-173,000	-	-%
May 06, 2024	Investors Research Corp	unchanged	-	5,622	55,536	0.01%
May 06, 2024	HighTower Advisors, LLC	added	2.03	63,000	549,000	-%
May 06, 2024	NEW YORK LIFE INVESTMENT MANAGEMENT LLC	new	-	369,407	369,407	-%
May 06, 2024	TEACHER RETIREMENT SYSTEM OF TEXAS	added	26.4	443,000	1,535,000	0.01%
May 06, 2024	Advisory Services Network, LLC	sold off	-100	-119,045	-	-%
May 06, 2024	DiNuzzo Private Wealth, Inc.	added	14.29	158	741	-%
May 06, 2024	Quantbot Technologies LP	sold off	-100	-114,469	-	-%
May 06, 2024	JOHN G ULLMAN & ASSOCIATES INC	new	-	365,612	365,612	0.06%
May 06, 2024	TEXAS PERMANENT SCHOOL FUND CORP	added	1.38	495,784	4,369,110	0.03%

Are Funds Buying or Selling CRUS?

Are funds buying CRUS calls or puts?

Calls

Puts

No. of funds holding Calls - Puts

Net Call Options

No. of funds that own CRUS

No. of Funds

Unveiling Cirrus Logic Inc's Major ShareHolders

Date Filed	Name of Filer	Percent of Class	No. of Shares	Form Type
Feb 22, 2024	mackenzie financial corp	4.61%	2,485,746	SC 13G/A
Feb 13, 2024	mackenzie financial corp	3.77%	2,031,222	SC 13G/A
Feb 13, 2024	vanguard group inc	11.57%	6,234,795	SC 13G/A
Feb 09, 2024	fmr llc	-	0	SC 13G/A
Jan 24, 2024	blackrock inc.	10.3%	5,563,554	SC 13G/A
Dec 06, 2023	blackrock inc.	10.2%	5,493,538	SC 13G/A
Feb 09, 2023	fmr llc	-	0	SC 13G/A
Feb 09, 2023	vanguard group inc	11.08%	6,098,661	SC 13G/A
Jan 27, 2023	mackenzie financial corp	5.25%	2,891,480	SC 13G/A
Jan 24, 2023	blackrock inc.	9.9%	5,477,090	SC 13G

Recent SEC filings of Cirrus Logic Inc

View All Filings

Date Filed	Form Type	Document
May 07, 2024	4	Insider Trading
May 07, 2024	8-K	Current Report
Apr 09, 2024	4	Insider Trading
Mar 05, 2024	4	Insider Trading
Mar 05, 2024	4	Insider Trading
Mar 05, 2024	4	Insider Trading
Mar 05, 2024	4	Insider Trading
Mar 05, 2024	4	Insider Trading
Mar 05, 2024	4	Insider Trading
Feb 26, 2024	4	Insider Trading

Peers (Alternatives to Cirrus Logic Inc)

Name	Mkt Capsorted ascending	Revenue	Price %, 1M	Returns, 1Y	P/E	P/S	Rev 1-Yr	Inc 1-Yr
LARGE-CAP
NVDA	2.3T	60.9B	2.87%	210.57%	76.06	37.15	125.85%	581.31%
AMD	249.6B	22.8B	-9.40%	62.46%	223.62	10.95	-1.16%	182.53%
AMAT	172.3B	26.5B	-0.26%	79.10%	24.07	6.5	0.88%	10.98%
INTC	130.5B	55.2B	-20.80%	-0.36%	32.1	2.36	-2.09%	242.32%
ADI	100.9B	11.6B	4.50%	10.30%	35.84	8.72	-8.03%	-17.90%
MID-CAP
AMKR	8.1B	6.4B	6.36%	53.25%	21.61	1.26	-8.17%	-41.71%
CRUS	4.9B	1.8B	-0.59%	16.92%	27.92	2.75	-11.16%	-46.12%
ACLS	3.6B	1.1B	5.75%	-7.29%	14.47	3.21	16.34%	32.25%
DIOD	3.5B	1.7B	12.71%	-9.22%	15.47	2.12	-16.94%	-31.42%
AMBA	1.9B	226.5M	-1.09%	-29.35%	-11.45	8.56	-32.92%	-159.10%
SMALL-CAP
ACMR	1.6B	557.7M	-14.64%	171.60%	21.26	2.95	43.44%	97.00%
AOSL	630.0M	640.0M	-1.02%	-7.17%	-36.74	0.98	-19.44%	-128.49%
AEHR	331.9M	71.9M	1.23%	-56.94%	21.55	4.62	14.14%	8.17%
ATOM	114.0M	550.0K	-28.62%	-55.32%	-5.82	207.28	43.98%	-6.63%
ASYS	67.4M	116.7M	-9.00%	-46.33%	-3.51	0.58	15.07%	-240.88%

Cirrus Logic Inc News

Latest updates

Cirrus Logic Inc Earnings Report: Key Takeaways & Analysis

Income Statement (Last 12 Months)

(In Millions)

(*) denotes actual numbers (not divided by Millions)
Income Statement (Quarterly)																					(In Millions)
Description	(%) Q/Q	2023Q4	2023Q3	2023Q2	2023Q1	2022Q4	2022Q3	2022Q2	2022Q1	2021Q4	2021Q3	2021Q2	2021Q1	2020Q4	2020Q3	2020Q2	2020Q1	2019Q4	2019Q3	2019Q2	2019Q1	2018Q4
Revenue	28.7%	619	481	317	373	591	541	394	490	548	466	277	294	486	347	243	279	375	389	238	240	324
Gross Profit	28.7%	317	247	159	186	297	271	203	259	290	235	140	148	252	180	127	146	198	208	122	125	163
Operating Expenses	6.4%	150	141	142	249	155	155	148	151	145	140	121	123	122	116	109	136	125	121	118	118	119
S&GA Expenses	9.6%	38.00	34.00	35.00	38.00	37.00	40.00	39.00	39.00	38.00	38.00	35.00	34.00	32.00	31.00	30.00	32.00	36.00	33.00	30.00	30.00	30.00
R&D Expenses	8.1%	113	104	106	115	118	115	110	111	107	102	86.00	90.00	89.00	85.00	79.00	82.00	89.00	88.00	89.00	92.00	89.00
EBITDA Margin	7.6%	0.17*	0.16*	0.16*	0.17*	0.24*	0.25*	0.25*	0.24*	0.22*	0.21*	0.21*	0.21*	-	-	-	-	-	-	-	-	-
Interest Expenses	-3.3%	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Income Taxes	-1.8%	33.00	34.00	7.00	-4.92	37.00	31.00	15.00	12.00	16.00	12.00	2.00	3.00	16.00	7.00	2.00	2.00	6.00	12.00	1.00	3.00	2.00
Earnings Before Taxes	57.3%	172	109	23.00	-58.59	140	118	55.00	108	144	97.00	20.00	28.00	131	66.00	20.00	12.00	75.00	88.00	6.00	9.00	32.00
EBT Margin	13.0%	0.14*	0.12*	0.12*	0.13*	0.21*	0.22*	0.21*	0.21*	0.18*	0.18*	0.17*	0.18*	-	-	-	-	-	-	-	-	-
Net Income	84.0%	139	75.00	16.00	-53.67	103	87.00	40.00	96.00	128	85.00	17.00	25.00	114	59.00	18.00	10.00	69.00	76.00	5.00	6.00	30.00
Net Income Margin	23.0%	0.10*	0.08*	0.08*	0.09*	0.16*	0.18*	0.18*	0.18*	0.16*	0.16*	0.15*	0.16*	-	-	-	-	-	-	-	-	-
Free Cashflow	1073.9%	304	-31.20	-52.12	37.00	174	26.00	68.00	250	-139	25.00	-37.63	166	-	-	-	-	-	-	-	-	-

Balance Sheet

(In Millions)

(*) denotes actual numbers (not divided by Millions)
Balance Sheet																					(In Millions)
Description	(%) Q/Q	2023Q4	2023Q3	2023Q2	2023Q1	2022Q4	2022Q3	2022Q2	2022Q1	2021Q4	2021Q3	2021Q2	2021Q1	2020Q4	2020Q3	2020Q2	2020Q1	2019Q4	2019Q3	2019Q2	2019Q1	2018Q4
Assets	5.4%	2,217	2,104	2,057	2,064	2,166	2,164	2,106	2,123	2,068	2,226	1,814	1,831	1,826	1,700	1,644	1,593	1,648	1,584	1,470	1,353	1,397
Current Assets	8.1%	1,185	1,097	1,049	1,018	1,013	957	861	840	764	949	839	843	804	709	690	650	715	652	564	625	640
Cash Equivalents	74.2%	484	278	352	446	435	355	379	370	195	387	385	442	327	248	286	292	342	222	198	216	219
Inventory	-22.0%	257	329	301	233	152	165	174	138	149	188	193	173	143	209	199	147	138	145	146	165	168
Net PPE	-2.0%	168	171	167	163	157	159	157	157	157	159	158	155	154	154	154	158	174	178	182	186	191
Goodwill	0%	436	436	436	436	436	436	436	436	438	438	288	288	288	288	287	287	286	285	286	286	287
Current Liabilities	-11.2%	179	201	203	216	229	282	253	265	240	500	187	214	185	178	163	159	178	193	131	116	170
Shareholder's Equity	5.4%	1,801	1,708	1,657	1,658	1,716	1,655	1,599	1,600	1,563	1,468	1,407	1,389	1,400	1,317	1,272	1,230	1,260	1,179	1,117	1,140	1,130
Retained Earnings	5593.2%	67.00	-1.21	-33.62	-9.32	81.00	41.00	6.00	23.00	6.00	-65.67	-109	-112	-88.24	-155	-184	-201	-157	-213	-258	-222	-217
Additional Paid-In Capital	1.3%	1,736	1,713	1,693	1,670	1,639	1,618	1,597	1,578	1,557	1,534	1,515	1,499	1,484	1,467	1,451	1,435	1,418	1,393	1,376	1,364	1,350
Shares Outstanding	-0.9%	54.00	55.00	55.00	55.00	56.00	56.00	56.00	57.00	57.00	57.00	58.00	58.00	-	-	-	-	-	-	-	-	-
Float	-	-	-	-	-	-	2,622	-	-	-	2,810	-	-	-	2,239	-	-	-	2,158	-	-	-

Cashflow (Last 12 Months)

(In Millions)

(*) denotes actual numbers (not divided by Millions)
Cashflow (Quarterly)																					(In Millions)
Description	(%) Q/Q	2023Q4	2023Q3	2023Q2	2023Q1	2022Q4	2022Q3	2022Q2	2022Q1	2021Q4	2021Q3	2021Q2	2021Q1	2020Q4	2020Q3	2020Q2	2020Q1	2019Q4	2019Q3	2019Q2	2019Q1	2018Q4
Cashflow From Operations	1480.0%	314	-22.73	-39.81	48.00	181	36.00	74.00	258	-135	29.00	-26.80	173	134	42.00	1.00	49.00	129	61.00	57.00	10.00	118
Share Based Compensation	8.1%	23.00	21.00	23.00	23.00	20.00	20.00	18.00	17.00	18.00	17.00	15.00	15.00	13.00	15.00	13.00	14.00	14.00	14.00	12.00	13.00	11.00
Cashflow From Investing	-304.0%	-36.97	-9.15	-14.63	-9.13	-7.35	-9.14	-7.72	-8.80	-5.57	13.00	-16.71	-8.54	-10.42	-49.53	-9.18	-49.90	-6.08	-9.52	-34.72	-3.20	-29.55
Cashflow From Financing	-65.5%	-70.59	-42.66	-38.99	-27.90	-94.10	-51.14	-57.13	-74.74	-50.19	-40.27	-13.53	-49.09	-44.13	-30.49	2.00	-49.55	-2.27	-27.47	-40.36	-9.50	-65.18
Buy Backs	39.7%	57.00	41.00	39.00	35.00	50.00	50.00	56.00	75.00	40.00	40.00	13.00	45.00	35.00	30.00	-	50.00	-	30.00	40.00	10.00	55.00

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CRUS Income Statement

2023-12-30

Consolidated Condensed Statements of Income - USD ($) shares in Thousands, $ in Thousands	3 Months Ended		9 Months Ended
	Dec. 30, 2023	Dec. 24, 2022	Dec. 30, 2023	Dec. 24, 2022
Income Statement [Abstract]
Net sales	$ 618,984	$ 590,582	$ 1,417,063	$ 1,524,795
Cost of sales	301,520	293,877	693,616	754,170
Gross profit	317,464	296,705	723,447	770,625
Operating expenses
Research and development	112,672	118,063	323,092	343,250
Selling, general and administrative	37,604	37,262	107,306	115,502
Restructuring costs	(360)	0	1,959	0
Total operating expenses	149,916	155,325	432,357	458,752
Income from operations	167,548	141,380	291,090	311,873
Interest income	5,124	2,995	13,914	5,047
Interest expense	(235)	(218)	(696)	(680)
Other expense	(337)	(3,716)	(30)	(2,915)
Income before income taxes	172,100	140,441	304,278	313,325
Provision for income taxes	33,377	36,964	74,548	82,953
Net income	$ 138,723	$ 103,477	$ 229,730	$ 230,372
Basic earnings per share (in dollars per share)	$ 2.57	$ 1.87	$ 4.22	$ 4.13
Diluted earnings per share (in dollars per share)	$ 2.50	$ 1.83	$ 4.09	$ 4.02
Basic weighted average common shares outstanding (in shares)	54,016	55,239	54,449	55,748
Diluted weighted average common shares outstanding (in shares)	55,592	56,583	56,160	57,280

CRUS Balance Sheet

2023-12-30

Consolidated Condensed Balance Sheets - USD ($) $ in Thousands	Dec. 30, 2023	Mar. 25, 2023
Current assets:
Cash and cash equivalents	$ 483,931	$ 445,784
Marketable securities	32,842	34,978
Accounts receivable, net	217,269	150,473
Inventories	256,675	233,450
Prepaid assets	48,804	35,507
Prepaid wafers	84,854	60,638
Other current assets	61,010	57,026
Total current assets	1,185,385	1,017,856
Long-term marketable securities	70,260	36,509
Right-of-use lease assets	140,993	128,145
Property and equipment, net	167,579	162,972
Intangibles, net	31,677	38,876
Goodwill	435,936	435,936
Deferred tax assets	34,116	35,580
Long-term prepaid wafers	73,492	134,363
Other assets	77,675	73,729
Total assets	2,217,113	2,063,966
Current liabilities:
Accounts payable	56,231	81,462
Accrued salaries and benefits	44,352	50,606
Software license agreements	31,678	20,948
Current lease liabilities	19,906	18,442
Acquisition-related liabilities	0	21,361
Other accrued liabilities	26,427	23,521
Total current liabilities	178,594	216,340
Long-term liabilities:
Non-current lease liabilities	138,415	122,631
Non-current income taxes	52,247	59,013
Other long-term liabilities	47,097	7,700
Total long-term liabilities	237,759	189,344
Stockholders' equity:
Capital stock	1,735,824	1,670,141
Accumulated earnings (deficit)	66,633	(9,320)
Accumulated other comprehensive loss	(1,697)	(2,539)
Total stockholders' equity	1,800,760	1,658,282
Total liabilities and stockholders' equity	$ 2,217,113	$ 2,063,966

About Cirrus Logic Inc

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 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 processing; boosted amplifiers; 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. Its audio products are used 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 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.

CEO	Mr. John M. Forsyth
WEBSITE	cirrus.com
INDUSTRY	Semiconductors
EMPLOYEES	1702

Cirrus Logic Inc Frequently Asked Questions

What is the ticker symbol for Cirrus Logic Inc? What does CRUS stand for in stocks?

CRUS is the stock ticker symbol of Cirrus Logic Inc. Every public company that trades on a stock exchange gets a ticker symbol.

What is the market capital of Cirrus Logic Inc (CRUS)?

As of Tue May 07 2024, market cap of Cirrus Logic Inc is 4.92 Billion. The market capitalization is calculated by multiplying the stock price with the number of shares outstanding.

What is the fair value of CRUS stock?

You can check CRUS's fair value in chart for subscribers.

What is the fair value of CRUS stock?

You can check CRUS's fair value in chart for subscribers. The fair value of Cirrus Logic Inc is provided for various growth and macro-economic scenarios from very pessimiatic to very optimistic assumptions. These fair values are estimates from Grufity's Fair Value model based on company's past performance. However, past performance of Cirrus Logic Inc is no guarantee of future performance. These fairvalue estimates should only be used as one of the inputs in your stock analysis. We provide model's historical fair value estimates for CRUS so that you know how good or bad the model has been in the past so you can discard it if needed. There are others that provide fair values of stocks such as wallmine, finbox, gurufocus and finviz. Most provide point in time estimates. We provide a history of our models fair value estimates so that you can get a sense of it's usefulness. Otherwise this data point is of little use.

Is Cirrus Logic Inc a good stock to buy?

The fair value guage provides a quick view whether CRUS is over valued or under valued. Whether Cirrus Logic Inc is cheap or expensive depends on the assumptions which impact Cirrus Logic Inc's fair value. We provide several scenarios of inflation and growth to encompass these range of assumptions for CRUS.

What is Cirrus Logic Inc's Price to Earnings (PE) and Price to sales (PS) ratio?

As of Tue May 07 2024, CRUS's PE ratio (Price to Earnings) is 27.92 and Price to Sales (PS) ratio is 2.75. The price to earnings and price to sales ratio are two most important valuation metrics for any company. PE ratio tell us the number of years of earnings investors are ready to pay for owning the company. Historically, S&P500 price to earnings ratio has fallen below 12 during periods of gloom and gone past 30 during periods of euphoria. CRUS PE ratio will change depending on the future growth rate expectations of investors.

What is 5 year return on Cirrus Logic Inc's stock?

In the past 10 years, Cirrus Logic Inc has provided 0.149 (multiply by 100 for percentage) rate of return.