Cirrus Logic Inc

Company Profile

Cirrus Logic Inc had its IPO on 1989-06-09 under the ticker symbol CRUS.

The company operates in the Technology sector and Semiconductors industry. Cirrus Logic Inc has a staff strength of 1,591 employees.

Stock update

Shares of Cirrus Logic Inc opened at $104.88 at the start of the last trading session i.e. 2023-03-24.

The stocks traded within a range of $103.44 - $105.73, and closed at $105.59.

This is a -0.22% slip from the previous day's closing price.

A total volume of 555,389 shares were traded at the close of the day’s session.

In the last one week, shares of Cirrus Logic Inc have increased by +2.51%.

Cirrus Logic Inc's Key Ratios

Cirrus Logic Inc has a market cap of $5.87 billion, indicating a price to book ratio of 2.6139 and a price to sales ratio of 2.16.

In the last 12-months Cirrus Logic Inc’s revenue was $2.01 billion with a gross profit of $923.64 million and an EBITDA of $489.00 million. The EBITDA ratio measures Cirrus Logic Inc's overall financial performance and is widely used to measure its profitability.

In the trailing 12-month period, Cirrus Logic Inc’s operating margin was 20.83% while its return on assets stood at 12.39% with a return of equity of 19.93%.

In Q4, Cirrus Logic Inc’s quarterly earnings growth was a negative -15.3% while revenue growth was a positive 7.7%.

Cirrus Logic Inc’s PE and PEG Ratio

Forward PE

12.8535

Trailing PE

18.4518

PEG

6.4227

Its diluted EPS in the last 12-months stands at $5.71 per share while it has a forward price to earnings multiple of 12.8535 and a PEG multiple of 6.4227. A low price to earnings ratio can mean the stock is attractively valued while a high ratio suggests the stock may be overvalued.

The PEG on the other hand provides a broader view compared to the P/E ratio and gives greater insight into Cirrus Logic Inc’s profitability.

Cirrus Logic Inc stock is trading at a EV to sales ratio of 2.0846 and a EV to EBITDA ratio of 8.3269. Its price to sales ratio in the trailing 12-months stood at 2.16.

Cirrus Logic Inc stock pays annual dividends of $0 per share, indicating a yield of 0% and a payout ratio of 0%.

Balance sheet and cash flow metrics

Total Assets

$2.17 billion

Total Liabilities

$228.55 million

Operating Cash Flow

$-7350000.00

Capital Expenditure

$7.61 million

Dividend Payout Ratio

0%

Cirrus Logic Inc ended 2023 with $2.17 billion in total assets and $0 in total liabilities. Its intangible assets were valued at $2.17 billion while shareholder equity stood at $1.72 billion.

Cirrus Logic Inc ended 2023 with $0 in deferred long-term liabilities, $228.55 million in other current liabilities, 1639056000.00 in common stock, $80.87 million in retained earnings and $435.94 million in goodwill. Its cash balance stood at $434.54 million and cash and short-term investments were $462.92 million. The company’s total short-term debt was $14,024,000 while long-term debt stood at $0.

Cirrus Logic Inc’s total current assets stands at $1.01 billion while long-term investments were $44.78 million and short-term investments were $28.37 million. Its net receivables were $270.49 million compared to accounts payable of $117.41 million and inventory worth $152.43 million.

In 2023, Cirrus Logic Inc's operating cash flow was $-7350000.00 while its capital expenditure stood at $7.61 million.

Comparatively, Cirrus Logic Inc paid $0 in dividends in 2023.

Other key metrics

Current Trading Price

$105.59

52-Week High

$108.42

52-Week Low

$61.94

Analyst Target Price

$105.63

Cirrus Logic Inc stock is currently trading at $105.59 per share. It touched a 52-week high of $108.42 and a 52-week low of $108.42. Analysts tracking the stock have a 12-month average target price of $105.63.

Its 50-day moving average was $98.99 and 200-day moving average was $81.17 The short ratio stood at 2.48 indicating a short percent outstanding of 0%.

Around 34.2% of the company’s stock are held by insiders while 9493.1% are held by institutions.