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Cirrus Logic (CRUS)

(Real Time Quote from BATS)

$87.44 USD

87.44
54,361

+1.15 (1.33%)

Updated Apr 25, 2024 11:31 AM 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 Buy24.20%
2Buy18.04%
3Hold9.52%
4Sell5.20%
5Strong Sell2.60%
S&P50011.13%

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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.

Zacks Style Scores Education - Learn more about the Zacks Style Scores

C Value A Growth C Momentum A 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 41% (148 out of 251)

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.

3/31/2024 3/31/2023 3/31/2022 3/31/2021 3/31/2020
Assets          
Cash & Equivalents -99,999 481 380 498 314
Receivables NA 150 240 109 154
Notes Receivable NA 0 0 0 0
Inventories NA 233 138 173 147
Other Current Assets NA 153 81 63 35
Total Current Assets NA 1,018 840 843 650
Net Property & Equipment NA 163 157 155 158
Investments & Advances NA 37 64 313 284
Other Non-Current Assets NA 0 0 0 0
Deferred Charges NA 36 11 10 10
Intangibles NA 475 594 310 322
Deposits & Other Assets NA 208 287 67 28
Total Assets NA 2,064 2,123 1,831 1,593
Liabilities & Shareholders Equity 3/31/2024 3/31/2023 3/31/2022 3/31/2021 3/31/2020
Notes Payable NA 0 0 0 0
Accounts Payable NA 81 115 103 78
Current Portion Long-Term Debt NA 0 0 0 0
Current Portion Capital Leases NA 0 0 0 0
Accrued Expenses NA 74 82 68 56
Income Taxes Payable NA 0 0 0 0
Other Current Liabilities NA 42 53 28 11
Total Current Liabilities NA 216 265 214 159
Mortgages NA 0 0 0 0
Deferred Taxes/Income NA 0 0 0 0
Convertible Debt NA 0 0 0 0
Long-Term Debt NA 0 0 0 0
Non-Current Capital Leases NA 0 0 0 0
Other Non-Current Liabilities NA 67 96 100 75
Minority Interest (Liabilities) NA 0 0 0 0
Total Liabilities NA 406 524 442 363
Shareholders Equity 3/31/2024 3/31/2023 3/31/2022 3/31/2021 3/31/2020
Preferred Stock NA 0 0 0 0
Common Stock (Par) NA 0 0 0 0
Capital Surplus NA 1,670 1,578 1,499 1,435
Retained Earnings NA -9 23 -113 -202
Other Equity NA -3 -2 3 -3
Treasury Stock NA 0 0 0 0
Total Shareholder's Equity NA 1,658 1,600 1,389 1,230
Total Liabilities & Shareholder's Equity NA 2,064 2,123 1,831 1,593
Total Common Equity 0 1,658 1,600 1,389 1,230
Shares Outstanding 53.90 55.20 57.20 58.00 58.60
Book Value Per Share 0.00 30.04 27.97 23.95 20.99

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

All items in Millions except Per Share data.

3/31/2024 12/31/2023 9/30/2023 6/30/2023 3/31/2023
Assets          
Cash & Equivalents -99,999 517 312 388 481
Receivables NA 217 272 186 150
Notes Receivable NA 0 0 0 0
Inventories NA 257 329 301 233
Other Current Assets NA 195 184 174 153
Total Current Assets NA 1,185 1,097 1,049 1,018
Net Property & Equipment NA 168 171 167 163
Investments & Advances NA 70 40 38 37
Other Non-Current Assets NA 0 0 0 0
Deferred Charges NA 34 44 45 36
Intangibles NA 468 470 472 475
Deposits & Other Assets NA 151 139 160 208
Total Assets NA 2,217 2,104 2,057 2,064
Liabilities & Shareholders Equity 3/31/2024 12/31/2023 9/30/2023 6/30/2023 3/31/2023
Notes Payable NA 0 0 0 0
Accounts Payable NA 56 87 76 81
Current Portion Long-Term Debt NA 0 0 0 0
Current Portion Capital Leases NA 0 0 0 0
Accrued Expenses NA 71 78 67 74
Income Taxes Payable NA 0 0 0 0
Other Current Liabilities NA 32 16 40 42
Total Current Liabilities NA 179 201 203 216
Mortgages NA 0 0 0 0
Deferred Taxes/Income NA 0 0 0 0
Convertible Debt NA 0 0 0 0
Long-Term Debt NA 0 0 0 0
Non-Current Capital Leases NA 0 0 0 0
Other Non-Current Liabilities NA 59 72 67
Minority Interest (Liabilities) NA 0 0 0 0
Total Liabilities NA 416 396 400 406
Shareholders Equity 3/31/2024 12/31/2023 9/30/2023 6/30/2023 3/31/2023
Preferred Stock NA 0 0 0 0
Common Stock (Par) NA 0 0 0 0
Capital Surplus NA 1,736 1,713 1,693 1,670
Retained Earnings NA 67 -1 -34 -9
Other Equity NA -2 -3 -3 -3
Treasury Stock NA 0 0 0 0
Total Shareholder's Equity NA 1,801 1,708 1,657 1,658
Total Liabilities & Shareholder's Equity NA 2,217 2,104 2,057 2,064
Total Common Equity 0 1,801 1,708 1,657 1,658
Shares Outstanding 53.90 53.90 54.70 54.70 55.20
Book Value Per Share 0.00 33.41 31.23 30.29 30.04