Cirrus Logic (CRUS)

Company Profile

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

NASDAQ

Website

www.cirrus.com/

CEO

Jason Rhode

Incorporated

Delaware

Location

Texas

Fiscal year end

Mar 30

Sector

Manufacturing > Semiconductor and Related Device Manufacturing

Industry (SIC)

Semiconductors & Related Devices

Intel • Broadcom • Texas Instruments • Micron Technology • Marvell Technology • ST Microelectronics - New York Shares • NVIDIA • NXP Semiconductors • Analog Devices • Yingli Green Energy Holding ...

Former names

CIRRUS LOGIC INC

SEC CIK

0000772406

Corporate docs

Articles of Incorporation & Bylaws

Underwriting Agreements

Plans of Reorganization

Indentures

Material Contracts & Credit Agreements

Subsidiaries Lists

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

1M 1Y 5Y

Latest filings (excl ownership)

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2 Nov 23

Cirrus Logic Reports Fiscal Second Quarter Revenue of $481.1 Million

3 Aug 23

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

Conflict minerals disclosure

25 May 23

Transcripts

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CRUS

Earnings call transcript

2024 Q2

2 Nov 23

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

Latest ownership filings

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Notice of proposed sale of securities

29 Aug 23

DUY LOAN T LE

1 Aug 23

Muhammad Raghib Hussain

Financial summary

Financial statements Chart CRUS financial data

Quarter (USD)	Sep 23	Jun 23	Mar 23	Dec 22
Revenue
Cost of revenue
Operating income
Operating margin
Net income
Net profit margin
Cash on hand
Change in cash
Diluted EPS

Annual (USD)	Mar 23	Mar 22	Mar 21	Mar 20
Revenue
Cost of revenue
Operating income
Operating margin
Net income
Net profit margin
Cash on hand
Change in cash
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)	277.81 mm	277.81 mm	277.81 mm	277.81 mm	277.81 mm	277.81 mm
Cash burn (monthly)	24.85 mm	6.44 mm	(no burn)	(no burn)	7.58 mm	(no burn)
Cash used (since last report)	63.07 mm	16.34 mm	n/a	n/a	19.23 mm	n/a
Cash remaining	214.73 mm	261.47 mm	n/a	n/a	258.57 mm	n/a
Runway (months of cash)	8.6	40.6	n/a	n/a	34.1	n/a

Beta Read what these cash burn values mean

Financial data from company earnings reports.

Institutional ownership, Q3 2023

CRUS institutional ownership history Ownership history

90.3% owned by funds/institutions

13F holders	Current	Prev Q	Change
Total holders	334	342	-2.3%
Opened positions	46	49	-6.1%
Closed positions	54	84	-35.7%
Increased positions	102	109	-6.4%
Reduced positions	135	130	+3.8%

13F shares	Current	Prev Q	Change
Total value	3.57 tn	3.97 tn	-10.0%
Total shares	48.69 mm	49.35 mm	-1.3%
Total puts	245.50 k	202.20 k	+21.4%
Total calls	308.40 k	489.00 k	-36.9%
Total put/call ratio	0.8	0.4	+92.5%

Largest owners	Shares	Value	Change
FMR	7.55 mm	$558.59 bn	+4.5%
Vanguard	6.30 mm	$465.92 bn	+1.7%
BLK Blackrock	5.02 mm	$371.51 bn	-0.5%
MKFCF Mackenzie Financial	2.45 mm	$175.79 bn	-0.3%
STT State Street	2.07 mm	$153.13 bn	-1.6%
Dimensional Fund Advisors	1.36 mm	$100.92 bn	-2.5%
Wellington Management	1.33 mm	$98.35 bn	-21.5%
LSV Asset Management	1.31 mm	$96.50 bn	+0.9%
Millennium Management	1.11 mm	$81.88 bn	+146.5%
Earnest Partners	1.10 mm	$81.35 bn	+7.9%

Largest transactions	Shares	Bought/sold	Change
Millennium Management	1.11 mm	+657.95 k	+146.5%
Wellington Management	1.33 mm	-364.08 k	-21.5%
FMR	7.55 mm	+327.27 k	+4.5%
Pacer Advisors	4.58 k	-241.38 k	-98.1%
Renaissance Technologies	213.32 k	-222.50 k	-51.1%
Lord, Abbett & Co.	0.00	-214.56 k	EXIT
Kettle Hill Capital Management	195.26 k	+195.26 k	NEW
Fuller & Thaler Asset Management	598.71 k	-189.10 k	-24.0%
Grantham, Mayo, Van Otterloo & Co.	181.64 k	+176.20 k	+3235.9%
Balyasny Asset Management	173.52 k	+170.13 k	+5018.5%

Data from 13F filings, for the last complete 13F reporting period. For most recent data, click the ownership history button. Values as filed, not updated for current price. Long positions only.

Recent insider trades

CRUS insider ownership history Insider history

Date	Owner	Security	Transaction	Code	Indirect	10b5-1	$Price	#Shares	$Value	#Remaining
7 Nov 23	Carl Jackson Alberty	Common Stock	Option exercise	Acquire M	No	No	68.56	439	30.10 k	37,317
7 Nov 23	Carl Jackson Alberty	Common Stock	Option exercise	Acquire M	No	No	42.64	442	18.85 k	36,878
7 Nov 23	Carl Jackson Alberty	Incentive Stock Option Common Stock	Option exercise	Dispose M	No	No	68.56	439	30.10 k	304
7 Nov 23	Carl Jackson Alberty	Incentive Stock Option Common Stock	Option exercise	Dispose M	No	No	42.64	442	18.85 k	0
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