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Cirrus Logic (CRUS)

(Real Time Quote from BATS)

$72.51 USD

72.51
111,590

+0.83 (1.16%)

Updated Sep 22, 2023 03:13 PM ET

Zacks Rank:

This is our short term rating system that serves as a timeliness indicator for stocks over the next 1 to 3 months. How good is it? See rankings and related performance below.

Zacks Rank Definition Annualized Return
1Strong Buy24.32%
2Buy18.06%
3Hold9.37%
4Sell5.20%
5Strong Sell2.60%
S&P50010.90%

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3-Hold of 5     3    

Style Scores:

The Style Scores are a complementary set of indicators to use alongside the Zacks Rank. It allows the user to better focus on the stocks that are the best fit for his or her personal trading style.

The scores are based on the trading styles of Value, Growth, and Momentum. There's also a VGM Score ('V' for Value, 'G' for Growth and 'M' for Momentum), which combines the weighted average of the individual style scores into one score.

Value Score A
Growth Score A
Momentum Score A
VGM Score A

Within each Score, stocks are graded into five groups: A, B, C, D and F. As you might remember from your school days, an A, is better than a B; a B is better than a C; a C is better than a D; and a D is better than an F.

As an investor, you want to buy stocks with the highest probability of success. That means you want to buy stocks with a Zacks Rank #1 or #2, Strong Buy or Buy, which also has a Score of an A or a B in your personal trading style.

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C Value C Growth C Momentum C VGM

Industry Rank:

The Zacks Industry Rank assigns a rating to each of the 265 X (Expanded) Industries based on their average Zacks Rank.

An industry with a larger percentage of Zacks Rank #1's and #2's will have a better average Zacks Rank than one with a larger percentage of Zacks Rank #4's and #5's.

The industry with the best average Zacks Rank would be considered the top industry (1 out of 265), which would place it in the top 1% of Zacks Ranked Industries. The industry with the worst average Zacks Rank (265 out of 265) would place in the bottom 1%.

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Zacks Industry Rank Education -- Learn more about the Zacks Industry Rank

Bottom 23% (188 out of 245)

Industry: Electronics - Semiconductors

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Better trading starts here.

Balance Sheet

Research for CRUS

The Zacks Equity Research reports, or ZER for short, are our in-house, independently produced research reports.

The ever popular one-page Snapshot reports are generated for virtually every single Zacks Ranked stock. It's packed with all of the company's key stats and salient decision making information. Including the Zacks Rank, Zacks Industry Rank, Style Scores, the Price, Consensus & Surprise chart, graphical estimate analysis and how a stocks stacks up to its peers.

The detailed multi-page Analyst report does an even deeper dive on the company's vital statistics. In addition to all of the proprietary analysis in the Snapshot, the report also visually displays the four components of the Zacks Rank (Agreement, Magnitude, Upside and Surprise); provides a comprehensive overview of the company business drivers, complete with earnings and sales charts; a recap of their last earnings report; and a bulleted list of reasons to buy or sell the stock. It also includes an industry comparison table to see how your stock compares to its expanded industry, and the S&P 500.

Researching stocks has never been so easy or insightful as with the ZER Analyst and Snapshot reports.

Learn more about Zacks Equity Research reports

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Fiscal Year End for Cirrus Logic, Inc falls in the month of March.

All items in Millions except Per Share data.

3/31/2023 3/31/2022 3/31/2021 3/31/2020 3/31/2019
Assets          
Cash & Equivalents 481 380 498 314 286
Receivables 150 240 109 154 121
Notes Receivable 0 0 0 0 0
Inventories 233 138 173 147 165
Other Current Assets 153 81 63 35 53
Total Current Assets 1,018 840 843 650 625
Net Property & Equipment 163 157 155 158 186
Investments & Advances 37 64 313 284 159
Other Non-Current Assets 0 0 0 0 0
Deferred Charges 36 11 10 10 9
Intangibles 475 594 310 322 354
Deposits & Other Assets 208 287 67 28 20
Total Assets 2,064 2,123 1,831 1,593 1,353
Liabilities & Shareholders Equity 3/31/2023 3/31/2022 3/31/2021 3/31/2020 3/31/2019
Notes Payable 0 0 0 0 0
Accounts Payable 81 115 103 78 48
Current Portion Long-Term Debt 0 0 0 0 0
Current Portion Capital Leases 0 0 0 0 0
Accrued Expenses 74 82 68 56 46
Income Taxes Payable 0 0 0 0 0
Other Current Liabilities 42 53 28 11 22
Total Current Liabilities 216 265 214 159 116
Mortgages 0 0 0 0 0
Deferred Taxes/Income 0 0 0 0 0
Convertible Debt 0 0 0 0 0
Long-Term Debt 0 0 0 0 0
Non-Current Capital Leases 0 0 0 0 0
Other Non-Current Liabilities 67 96 100 75 97
Minority Interest (Liabilities) 0 0 0 0 0
Total Liabilities 406 524 442 363 212
Shareholders Equity 3/31/2023 3/31/2022 3/31/2021 3/31/2020 3/31/2019
Preferred Stock 0 0 0 0 0
Common Stock (Par) 0 0 0 0 0
Capital Surplus 1,670 1,578 1,499 1,435 1,364
Retained Earnings -9 23 -113 -202 -222
Other Equity -3 -2 3 -3 -1
Treasury Stock 0 0 0 0 0
Total Shareholder's Equity 1,658 1,600 1,389 1,230 1,140
Total Liabilities & Shareholder's Equity 2,064 2,123 1,831 1,593 1,353
Total Common Equity 1,658 1,600 1,389 1,230 1,140
Shares Outstanding 55.20 57.20 58.00 58.60 59.10
Book Value Per Share 30.04 27.97 23.95 20.99 19.29

Fiscal Year End for Cirrus Logic, Inc falls in the month of March.

All items in Millions except Per Share data.

6/30/2023 3/31/2023 12/31/2022 9/30/2022 6/30/2022
Assets          
Cash & Equivalents 388 481 463 379 398
Receivables 186 150 270 305 206
Notes Receivable 0 0 0 0 0
Inventories 301 233 152 165 174
Other Current Assets 174 153 128 109 83
Total Current Assets 1,049 1,018 1,013 957 861
Net Property & Equipment 167 163 157 159 157
Investments & Advances 38 37 45 49 56
Other Non-Current Assets 0 0 0 0 0
Deferred Charges 45 36 9 13 17
Intangibles 472 475 569 578 586
Deposits & Other Assets 160 208 222 246 260
Total Assets 2,057 2,064 2,166 2,164 2,106
Liabilities & Shareholders Equity 6/30/2023 3/31/2023 12/31/2022 9/30/2022 6/30/2022
Notes Payable 0 0 0 0 0
Accounts Payable 76 81 117 118 121
Current Portion Long-Term Debt 0 0 0 0 0
Current Portion Capital Leases 0 0 0 0 0
Accrued Expenses 67 74 56 82 68
Income Taxes Payable 0 0 0 0 0
Other Current Liabilities 40 42 41 69 49
Total Current Liabilities 203 216 229 282 253
Mortgages 0 0 0 0 0
Deferred Taxes/Income 0 0 0 0 0
Convertible Debt 0 0 0 0 0
Long-Term Debt 0 0 0 0 0
Non-Current Capital Leases 0 0 0 0 0
Other Non-Current Liabilities 72 78 75 95
Minority Interest (Liabilities) 0 0 0 0 0
Total Liabilities 400 406 450 509 507
Shareholders Equity 6/30/2023 3/31/2023 12/31/2022 9/30/2022 6/30/2022
Preferred Stock 0 0 0 0 0
Common Stock (Par) 0 0 0 0 0
Capital Surplus 1,693 1,670 1,639 1,618 1,597
Retained Earnings -34 -9 81 41 6
Other Equity -3 -3 -4 -4 -3
Treasury Stock 0 0 0 0 0
Total Shareholder's Equity 1,657 1,658 1,716 1,655 1,599
Total Liabilities & Shareholder's Equity 2,057 2,064 2,166 2,164 2,106
Total Common Equity 1,657 1,658 1,716 1,655 1,599
Shares Outstanding 54.70 55.20 55.00 55.00 55.90
Book Value Per Share 30.29 30.04 31.21 30.08 28.61