Cirrus Logic Inc chart

Last update: 2022-12-30
Key statistics and financials
Revenue per share 34.89
Dividend & YieldN/A$ (N/A)
Beta 0.96
Market capitalization 3.91B
Operating cash flow 232.73M
ESG Scores unknown

Company description

Cirrus Logic, Inc., a fabless semiconductor company, provides low-power and high-precision mixed-signal processing solutions in the United States and internationally. It offers portable 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 processer; boosted amplifiers; 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, hearing augmentation, and active noise cancellation. The company's audio products are used in smartphones, tablets, wireless headsets, laptops, AR/VR headsets, home theater systems, automotive entertainment systems, and professional audio systems. It also provides high-performance mixed-signal products, such as haptic driver and sensing solutions, camera controllers, power conversion, and control ICs and fast-charging ICs used in various industrial and energy applications comprising 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.

Sector: Technology - Industry: Semiconductors

Financial data

Financial Statements

Cashflow Statement 2019-03-30 2020-03-28 2021-03-27 2022-03-26
Change To Liabilities -21.96M 27.63M 21.1M 10.53M
Total Cashflows From Investing Activities -54.66M -100.22M -77.67M -18.37M
Net Borrowings
Total Cash From Financing Activities -171.46M -119.65M -121.22M -178.73M
Change To Operating Activities -19.82M -5.29M 11.57M -243.47M
Issuance Of Stock 1.62M 18.64M 7.13M 13.22M
Net Income 89.99M 159.5M 217.34M 326.36M
Change In Cash -19.43M 75.95M 150.04M -72.35M
Effect Of Exchange Rate
Total Cash From Operating Activities 206.69M 295.81M 348.94M 124.75M
Depreciation 79.83M 68.24M 47.08M 62.06M
Change To Account Receivables -14.32M -33.08M 45.29M -124.83M
Other Cashflows From Financing Activities -1.72M -1.72M -1.72M -1.72M
Change To Netincome 60.31M 70.87M 51.28M 52.4M
Capital Expenditures -31.61M -15.66M -18.25M -26.14M

Income Statement 2019-03-30 2020-03-28 2021-03-27 2022-03-26
Research Development 375.14M 347.65M 342.76M 406.31M
Income Before Tax 93.74M 181.27M 245.25M 368.66M
Net Income 89.99M 159.5M 217.34M 326.36M
Selling General Administrative 126.5M 131.12M 127.01M 151M
Gross Profit 597.5M 674.17M 707.3M 923.64M
Ebit 95.86M 195.41M 237.53M 366.34M
Operating Income 95.86M 195.41M 237.53M 366.34M
Interest Expense -1.06M -1.06M -1.06M -948k
Income Tax Expense 3.75M 21.77M 27.9M 42.31M
Total Revenue 1.19B 1.28B 1.37B 1.78B
Cost Of Revenue 588.03M 606.96M 661.93M 857.82M
Total Other Income ExpenseNet -2.11M -14.14M 7.71M 2.33M
Net Income From Continuing Ops 89.99M 159.5M 217.34M 326.36M
Net Income Applicable To Common Shares 89.99M 159.5M 217.34M 326.36M

Balance Sheet Statement 2019-03-30 2020-03-28 2021-03-27 2022-03-26
Total Liabilities 212.4M 362.9M 441.61M 523.58M
Total Stockholder Equity 1.14B 1.23B 1.39B 1.6B
Other Current Liabilities 21.51M 11.87M 28.01M 52.7M
Total Assets 1.35B 1.59B 1.83B 2.12B
Common Stock 59k 58k 58k 57k
Other Current Assets 22.45M 11.75M 25.11M 40.08M
Retained Earnings -222.43M -201.68M -112.69M 23.43M
Treasury Stock -1.07M -3.47M 2.88M -2.04M
Cash 216.17M 292.12M 442.16M 369.81M
Total Current Liabilities 115.54M 158.64M 213.61M 264.78M
Other Stockholder Equity -1.07M -3.47M 2.88M -2.04M
Property, Plant, and Equipment 186.19M 299.52M 288.49M 328.08M
Total Current Assets 624.98M 650.2M 842.52M 840.01M
Net Tangible Assets 786.15M 908.26M 1.08B 1.01B
Net Receivables 120.66M 154M 108.71M 240.26M
Accounts Payable 48.4M 78.41M 102.74M 115.42M


Insider Transactions

Here are the insider transactions of stock shares related to Cirrus Logic Inc:

Filer Name Transaction Text Ownership Date Filer Relation Shares
THOMAS GREGORY SCOTTD2022-11-04General Counsel4.74k
BRANNAN ANDREWD2022-11-04Officer4.37k
HUGHES ALLAN WD2022-11-04Officer4.12k
ALBERTY CARL JACKSOND2022-11-04Officer4.37k
BAUMGARTNER JEFFREY WD2022-11-04Officer4.99k
FORSYTH JOHN MD2022-11-04Chief Executive Officer4.99k
DOUGHERTY JUSTIN ED2022-11-04Officer4.12k
DAVERN ALEXANDER MSale at price 84.74 per share.D2022-08-08Director1k
ALBERTY CARL JACKSONSale at price 88.24 per share.D2022-08-04Officer1.82k
DEHNE TIMOTHY RStock Award(Grant) at price 0.00 per share.D2022-07-29Director2.3k
DEHNE TIMOTHY RConversion of Exercise of derivative security at price 85.46 per share.D2022-07-29Director2.3k
DAVERN ALEXANDER MStock Award(Grant) at price 0.00 per share.D2022-07-29Director2.3k
DAVERN ALEXANDER MConversion of Exercise of derivative security at price 85.46 per share.D2022-07-29Director2.3k
LEGO CATHERINE PStock Award(Grant) at price 0.00 per share.D2022-07-29Director2.3k
LEGO CATHERINE PConversion of Exercise of derivative security at price 85.46 per share.D2022-07-29Director2.3k
HANDFORD DIERDREStock Award(Grant) at price 0.00 per share.D2022-07-29Director2.3k
HANDFORD DIERDREConversion of Exercise of derivative security at price 85.46 per share.D2022-07-29Director2.3k
CARTER JOHN CStock Award(Grant) at price 0.00 per share.D2022-07-29Director2.3k
CARTER JOHN CConversion of Exercise of derivative security at price 85.46 per share.D2022-07-29Director2.3k
TUPMAN DAVID JStock Award(Grant) at price 0.00 per share.D2022-07-29Director2.3k
TUPMAN DAVID JConversion of Exercise of derivative security at price 85.46 per share.D2022-07-29Director2.3k
HUSSAIN MUHAMMAD RAGHIBStock Award(Grant) at price 0.00 per share.D2022-07-29Director1.93k
HUSSAIN MUHAMMAD RAGHIBConversion of Exercise of derivative security at price 85.46 per share.D2022-07-29Director1.93k
DOUGHERTY JUSTIN ED2022-07-01Officer13k
ALBERTY CARL JACKSONConversion of Exercise of derivative security at price 42.64 per share.D2022-05-25Officer2.81k
DOUGHERTY JUSTIN ESale at price 80.94 per share.D2022-05-17Officer4.04k
DAVERN ALEXANDER MSale at price 79.99 per share.D2022-05-06Director1k
ALBERTY CARL JACKSOND2022-04-01Officer7.46k
ANDERSON SCOTT ARNOLDD2022-03-03Officer3.65k
BAUMGARTNER JEFFREY WSale at price 85.92 - 85.93 per share.D2022-03-01Officer13.59k
BAUMGARTNER JEFFREY WConversion of Exercise of derivative security at price 41.49 - 68.56 per share.D2022-03-01Officer13.59k
ALBERTY CARL JACKSONSale at price 85.74 per share.D2022-02-18Officer3.73k
ALBERTY CARL JACKSONConversion of Exercise of derivative security at price 42.64 per share.D2022-02-18Officer2.06k
HUGHES ALLAN WSale at price 85.00 per share.D2022-02-09Officer36.11k
HUGHES ALLAN WConversion of Exercise of derivative security at price 31.25 - 55.72 per share.D2022-02-09Officer36.11k
CASE THURMAN KSale at price 95.00 per share.D2022-01-12Chief Financial Officer1.5k
CASE THURMAN KConversion of Exercise of derivative security at price 20.37 per share.D2022-01-12Chief Financial Officer1.5k
BAUMGARTNER JEFFREY WSale at price 93.35 per share.D2022-01-03Officer20k
BAUMGARTNER JEFFREY WConversion of Exercise of derivative security at price 38.34 per share.D2022-01-03Officer20k
CASE THURMAN KSale at price 95.00 per share.D2021-12-13Chief Financial Officer3.54k
CASE THURMAN KConversion of Exercise of derivative security at price 20.37 per share.D2021-12-13Chief Financial Officer1.54k
THOMAS GREGORY SCOTTSale at price 93.34 per share.D2021-12-13General Counsel12.73k
THOMAS GREGORY SCOTTConversion of Exercise of derivative security at price 23.34 per share.D2021-12-13General Counsel12.73k
BRANNAN ANDREWSale at price 94.56 per share.D2021-12-13Officer2.62k
BRANNAN ANDREWConversion of Exercise of derivative security at price 68.56 per share.D2021-12-13Officer2.62k
CASE THURMAN KSale at price 90.00 per share.D2021-12-09Chief Financial Officer4.2k
CASE THURMAN KConversion of Exercise of derivative security at price 23.34 - 31.25 per share.D2021-12-09Chief Financial Officer4k
CASE THURMAN KSale at price 85.00 per share.D2021-12-07Chief Financial Officer6k
CASE THURMAN KConversion of Exercise of derivative security at price 31.25 - 38.99 per share.D2021-12-07Chief Financial Officer6k
CASE THURMAN KD2021-11-05Chief Financial Officer5.29k
THOMAS GREGORY SCOTTD2021-11-05General Counsel5.55k

Insider transaction explanations

Insider buying is the legal purchase of shares by a senior executive or director of a company. "Filer Name" corresponds to the name of the stock buyer or seller. "Transaction Text" describes the transaction. "Ownership" gives information about the transaction type. "Date" is the reported transaction date. "Filer Relation" gives the role of the insider in the company. "Shares" is the value of the transaction. You will find the complete description of the General Transaction Codes on the SEC dedicated page


Investment strategy backtesting

These are the result of three automatic investment systems applied to Cirrus Logic Inc. You will find the performance of an systematic investment system, a momentum strategy, and a buy the dip trading strategy.


Systematic investment results on Cirrus Logic Inc

Here is the result of two systematic investment strategies applied to Cirrus Logic Inc. The first strategy automatically buys the first day of the month, and the second strategy buys the fifteenth day of the month.

Systematic investment equity curve on Cirrus Logic Inc

The following chart shows the equity curve of the two systematic investment strategies applied to Cirrus Logic Inc:

Cirrus Logic Inc automated entries

The systematic investment strategy that buys the first day of the month would give a performance of 46.14% on the backtest period.

Performance at glance

Performance

46.14 %

Latent gain

846.43 $

Invested capital

1834.47 $

Annualized return

11.25 %
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Momentum strategy results on Cirrus Logic Inc

This is the result of two momentum investment strategies applied to Cirrus Logic Inc. The first strategy uses a momentum signal calculated on one quarter, and the second uses a momentum signal calculated on two quarters.

Momentum entry openings on Cirrus Logic Inc

The following chart shows all the entries opened by the momentum investment system on Cirrus Logic Inc:

Cirrus Logic Inc momentum entries
  • The first momentum investment strategy would give 43.08% of return on Cirrus Logic Inc. That represents 1946.64$ of latent gain with 4519.06$ of employed capital.
  • The second momentum investment strategy would give 55.88% of return on Cirrus Logic Inc. That represents 1837.28$ of latent gain with 3287.97$ of employed capital.
Performance at glance (1Q Momentum)

Performance

43.08 %

Latent gain

1946.64 $

Invested capital

4519.06 $

Annualized return

1.85 %
Performance at glance (2Q Momentum)

Performance

55.88 %

Latent gain

1837.28 $

Invested capital

3287.97 $

Annualized return

15.44 %

Momentum equity curve on Cirrus Logic Inc

The following chart shows the equity curve of the two momentum strategies applied to Cirrus Logic Inc:

Cirrus Logic Inc momentum equity

Note: the dividends potentially given by Cirrus Logic Inc are not integrated into the calculation of the equity curve neither the performance of the strategy. The integration of the dividends will be available soon.


Employed capital on Cirrus Logic Inc

The following chart shows the employed capital evolution of the two momentum strategies on Cirrus Logic Inc since the beginning:

Cirrus Logic Inc

Note: the algorithm buys for a maximum of 250$ per entry. If the stock price is greater than 250$, the system buys only one stock per entry. The investment system stops automatically when the financial exposure reaches 10000$.


Buy the dip strategy result on Cirrus Logic Inc

Buy the dip entry openings on Cirrus Logic Inc

Cirrus Logic Inc

The performance achieved by the robo-advisor on Cirrus Logic Inc is 3.88%. That represents 85.49$ of latent gain with 2201.16$ of employed capital. The following chart shows Cirrus Logic Inc stock price with all the entries opened by the automated investment system.

Note: The blue line represents the weekly stock price of Cirrus Logic Inc, and the green triangles represent the entry openings. The artificall robo-advisor needs at least 100 weeks of trading history to work.

Performance at glance

Performance

3.88 %

Latent gain

85.49 $

Invested capital

2201.16 $

Annualized return

1.85 %

Equity curve of the strategy applied to Cirrus Logic Inc

The following chart shows the result of the investment strategy applied to Cirrus Logic Inc:

Cirrus Logic Inc

Note: the dividends potentially given by Cirrus Logic Inc are not integrated into the calculation of the equity curve neither the performance of the strategy. The integration of the dividends will be available soon.


Employed capital on Cirrus Logic Inc

The following chart shows the employed capital evolution since the beginning of the investment strategy on Cirrus Logic Inc:

Cirrus Logic Inc

Note: the algorithm buys for a maximum of 250$ per entry. If the stock price is greater than 250$, the system buys only one stock per entry. The investment system stops automatically when the financial exposure reaches 10000$.


Investment strategies comparison on Cirrus Logic Inc

In this section, I will compare the three previous investment strategies applied to Cirrus Logic Inc.

Equity curve comparison on Cirrus Logic Inc

The following chart shows the equity curve of the artificall advisor, the trend folowing and the automatic investment strategies:

Cirrus Logic Inc investment strategy comparison

Employed capital comparison on Cirrus Logic Inc

Cirrus Logic Inc investment comparison

Performance comparison on Cirrus Logic Inc

Strategy Latent Profit Growth Employed capital CAGR
Automatic investment 46.14% 846.43$ 1834.47$ 11.25%
Momentum 1 quarter 43.08% 1946.64$ 4519.06$ 11.16%
Momentum 2 quarters 55.88% 1837.28$ 3287.97$ 15.44%
Non-directional 3.88% 85.49$ 2201.16$ 1.85%
Annualized return comparison

Automatic investment

11.25 %

Momentum 1Q

15.44 %

Momentum 2Q

15.44 %

Non-directional

1.85 %

Correlated stocks

Here are the most positively and negatively correlated stocks with Cirrus Logic Inc:

Negative correlation

Most negatively correlated stocks this year


Most negatively correlated stocks last 3 months

  • Barclays Bank Plc iPath Silver ETN Global Med Term

  • Note: The algorithm computes the probability of correlation between Cirrus Logic Inc and the other stocks. There may be false positives or some missing correlated stocks. If the price of Cirrus Logic Inc does not vary for 36 weeks, the correlation calculation result will be wrong.


    Company information

    Company name Cirrus Logic Inc
    Country United States
    City Austin
    Address 800 West 6th Street
    Phone 512 851 4000
    Website www.cirrus.com
    FullTime employees 1591
    Industry Semiconductors
    Sector Technology
    Exchange XNAS
    Ticker CRUS
    Market www.nasdaq.com

    Cirrus Logic Inc ESG Scores

    Environment scores

    Environment ESG Factors Scores
    Environment Score 0
    Peer Environment Performance unknown
    Environment Percentile unknown
    Palm Oil unknown
    Nuclear unknown
    Fur Leather unknown
    GMO unknown
    Coal unknown
    Pesticides unknown
    Animal Testing unknown

    Social scores

    Social ESG Factors Scores
    Social Score 0
    Peer Social Performance unknown
    Social Percentile unknown
    Highest Controversy unknown
    Peer Highest Controversy Performance unknown
    Adult unknown
    Gambling unknown
    Alcoholic unknown
    Tobacco unknown
    Catholic unknown
    Controversial Weapons unknown
    Small Arms unknown
    Military Contract unknown
    Peer Count unknown

    Related Controversy:


    Governance scores

    Governance ESG Factors Scores
    Governance Score 0
    Peer Governance Performance unknown
    Governance Percentile unknown

    ESG at glance
    Total ESG Scores: unknown
    Environment Score: 0
    Social Score: 0
    Governance Score: 0

    ESG Performance: unknown

    Peer Group: unknown

    Peer Esg Score Performance: unknown

    Rating Year: unknown

    Rating Month: unknown

    Max Age: unknown

    Percentile: unknown