cirrus logic is a leader in high performance, low-power ics for audio and voice signal processing applications. cirrus logic’s products span the entire audio signal chain, from capture to playback, providing innovative products for the world’s top smartphones, tablets, digital headsets, wearables and emerging smart home applications. with headquarters in austin, texas, cirrus logic is recognized globally for its award-winning corporate culture. check us out at www.cirrus.com. founded in 1984, cirrus logic excels at developing complex chip designs where feature integration and innovation is a premium. cirrus logic has more than 2,100 patents that are key to our more than 700 products serving more than 2,500 end customers globally, through both direct and distributor-based channel sales. the company’s headquarters are in austin, texas, with international locations in europe, china and japan.
Company profile
Ticker
CRUS
Exchange
Website
CEO
Jason Rhode
Employees
Incorporated
Location
Fiscal year end
Industry (SIC)
Former names
CIRRUS LOGIC INC
SEC CIK
Corporate docs
Subsidiaries
Cirrus Logic UK International Holding Co., Ltd. • Cirrus Logic International Semiconductor Ltd. • Cirrus Logic International Holdings Ltd. • Cirrus Logic International (UK) Ltd. ...
IRS number
770024818
CRUS stock data
Latest filings (excl ownership)
10-Q
2024 Q1
Quarterly report
3 Aug 23
8-K
Cirrus Logic Reports Fiscal First Quarter Revenue of $317.0 Million
3 Aug 23
8-K
Submission of Matters to a Vote of Security Holders
31 Jul 23
8-K
Departure of Directors or Certain Officers
12 Jul 23
ARS
2023 FY
Annual report to shareholders
1 Jun 23
DEFA14A
Additional proxy soliciting materials
1 Jun 23
DEF 14A
Definitive proxy
1 Jun 23
SD
Conflict minerals disclosure
25 May 23
8-K
Cirrus Logic Nominates Duy-Loan T. Le for Election to Board of Directors
24 May 23
10-K
2023 FY
Annual report
19 May 23
Transcripts
CRUS
Earnings call transcript
2024 Q1
3 Aug 23
CRUS
Earnings call transcript
2023 Q4
4 May 23
CRUS
Earnings call transcript
2023 Q3
2 Feb 23
CRUS
Earnings call transcript
2023 Q2
1 Nov 22
CRUS
Earnings call transcript
2023 Q1
3 Aug 22
CRUS
Earnings call transcript
2022 Q4
3 May 22
CRUS
Earnings call transcript
2022 Q3
1 Feb 22
CRUS
Earnings call transcript
2022 Q2
2 Nov 21
CRUS
Earnings call transcript
2022 Q1
29 Jul 21
CRUS
Earnings call transcript
2021 Q4
30 Apr 21
Latest ownership filings
4
Andrew Brannan
31 Aug 23
144
Notice of proposed sale of securities
29 Aug 23
4
DUY LOAN T LE
1 Aug 23
4
Muhammad Raghib Hussain
1 Aug 23
4
Catherine P Lego
1 Aug 23
4
DEIRDRE HANFORD
1 Aug 23
4
David J. Tupman
1 Aug 23
4
TIMOTHY R DEHNE
1 Aug 23
4
ALEXANDER M DAVERN
1 Aug 23
4
JOHN C CARTER
1 Aug 23
Financial summary
| Quarter (USD) | Jun 23 | Mar 23 | Dec 22 | Sep 22 | |
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| Diluted EPS |
| Annual (USD) | Mar 23 | Mar 22 | Mar 21 | Mar 20 | |
|---|---|---|---|---|---|
| Revenue | |||||
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| Diluted EPS |
| Cash burn rate (est.) | Burn method: Change in cash | Burn method: Operating income | Burn method: FCF (opex + capex) | Last Q | Avg 4Q | Last Q | Avg 4Q | Last Q | Avg 4Q |
|---|---|---|---|---|---|---|
| Cash on hand (at last report) | 352.35 mm | 352.35 mm | 352.35 mm | 352.35 mm | 352.35 mm | 352.35 mm |
| Cash burn (monthly) | 31.15 mm | 2.25 mm | (no burn) | (no burn) | 13.27 mm | (no burn) |
| Cash used (since last report) | 100.96 mm | 7.29 mm | n/a | n/a | 43.02 mm | n/a |
| Cash remaining | 251.39 mm | 345.06 mm | n/a | n/a | 309.33 mm | n/a |
| Runway (months of cash) | 8.1 | 153.4 | n/a | n/a | 23.3 | n/a |
Institutional ownership, Q2 2023
90.2% owned by funds/institutions
| 13F holders | Current |
|---|---|
| Total holders | 341 |
| Opened positions | 49 |
| Closed positions | 83 |
| Increased positions | 109 |
| Reduced positions | 130 |
| 13F shares | Current |
|---|---|
| Total value | 3.97 tn |
| Total shares | 49.35 mm |
| Total puts | 202.20 k |
| Total calls | 489.00 k |
| Total put/call ratio | 0.4 |
| Largest owners | Shares | Value |
|---|---|---|
| FMR | 7.23 mm | $585.33 bn |
| Vanguard | 6.19 mm | $501.78 bn |
| BLK Blackrock | 5.05 mm | $408.82 bn |
| MKFCF Mackenzie Financial | 2.46 mm | $199.40 bn |
| STT State Street | 2.10 mm | $170.44 bn |
| Wellington Management | 1.69 mm | $137.22 bn |
| Dimensional Fund Advisors | 1.40 mm | $113.37 bn |
| LSV Asset Management | 1.30 mm | $104.92 bn |
| BAC Bank Of America | 1.07 mm | $86.86 bn |
| Earnest Partners | 1.02 mm | $82.61 bn |
Recent insider trades
| Date | Owner | Security | Transaction | Code | Indirect | 10b5-1 | $Price | #Shares | $Value | #Remaining |
|---|---|---|---|---|---|---|---|---|---|---|
| 29 Aug 23 | Andrew Brannan | Common Stock | Sell | Dispose S | No | Yes | 80 | 950 | 76.00 k | 6,555 |
| 28 Jul 23 | Carter John C | Common Stock | Grant | Acquire A | No | No | 0 | 2,457 | 0.00 | 19,163 |
| 28 Jul 23 | Carter John C | RSU Common Stock | Option exercise | Dispose M | No | No | 0 | 2,457 | 0.00 | 0 |
| 28 Jul 23 | Davern Alexander M | Common Stock | Grant | Acquire A | No | No | 0 | 2,457 | 0.00 | 20,332 |
| 28 Jul 23 | Davern Alexander M | RSU Common Stock | Option exercise | Dispose M | No | No | 0 | 2,457 | 0.00 | 2,575 |
| 28 Jul 23 | Davern Alexander M | RSU Common Stock | Grant | Acquire A | No | No | 0 | 2,575 | 0.00 | 5,032 |
| 28 Jul 23 | Timothy R Dehne | Common Stock | Grant | Acquire A | No | No | 0 | 2,457 | 0.00 | 18,771 |
| 28 Jul 23 | Timothy R Dehne | RSU Common Stock | Option exercise | Dispose M | No | No | 0 | 2,457 | 0.00 | 2,575 |
| 28 Jul 23 | Timothy R Dehne | RSU Common Stock | Grant | Acquire A | No | No | 0 | 2,575 | 0.00 | 5,032 |
News
Keybanc Reiterates Overweight on Cirrus Logic, Maintains $110 Price Target
14 Sep 23
Apple iPhone Event Sized Up By 7 Analysts: 'Brand Trumps Products,' But China, Upgrade Concerns Remain
13 Sep 23
Susquehanna Maintains Positive on Cirrus Logic, Raises Price Target to $95
4 Aug 23
Cirrus Logic Q1 Adj $0.67 Beats $0.41 Estimate, Sales $317.02M Beat $290.58M Estimate
3 Aug 23
Earnings Scheduled For August 3, 2023
3 Aug 23