Last $21.77 USD
Change Today -0.03 / -0.14%
Volume 924.6K
CRUS On Other Exchanges
Symbol
Exchange
NASDAQ GS
Stuttgart
As of 8:10 PM 09/23/14 All times are local (Market data is delayed by at least 15 minutes).

cirrus logic inc (CRUS) Snapshot

Open
$21.80
Previous Close
$21.80
Day High
$22.18
Day Low
$21.70
52 Week High
10/21/13 - $25.91
52 Week Low
01/30/14 - $16.81
Market Cap
1.4B
Average Volume 10 Days
971.0K
EPS TTM
$1.51
Shares Outstanding
62.1M
EX-Date
--
P/E TM
14.4x
Dividend
--
Dividend Yield
--
Current Stock Chart for CIRRUS LOGIC INC (CRUS)

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cirrus logic inc (CRUS) Details

Cirrus Logic, Inc., a fabless semiconductor company, develops analog and mixed-signal integrated circuits (ICs) for a range of consumer and industrial markets. The company offers audio products, including analog-to-digital converters (ADCs), digital-to-analog converters (DACs), codecs, digital interface ICs, volume controls, adaptive noise cancelling circuits, and amplifiers, as well as audio digital signal processors. Its audio products are used in various consumer applications comprising portable media players, smartphones, tablets, laptops, audio/video receivers, portable media players and speakers, home theater systems, set-top boxes, headsets and headphones, and digital camcorders and televisions. The company also provides energy products, which include LED driver ICs, power meter ICs, ADCs, and DACs for use in energy-related applications, such as LED retrofit lamps, digital utility meters, power supplies, and energy exploration. It sells its products through direct sales force, external sales representatives, and distributors. The company was founded in 1984 and is headquartered in Austin, Texas.

751 Employees
Last Reported Date: 05/28/14
Founded in 1984

cirrus logic inc (CRUS) Top Compensated Officers

Chief Executive Officer, President and Direct...
Total Annual Compensation: $575.0K
Chief Financial Officer, Vice President of Fi...
Total Annual Compensation: $298.7K
Senior Vice President and General Manager of ...
Total Annual Compensation: $309.6K
Vice President, General Counsel and Corporate...
Total Annual Compensation: $302.4K
Chief Culture Officer and Vice President
Total Annual Compensation: $291.2K
Compensation as of Fiscal Year 2014.

cirrus logic inc (CRUS) Key Developments

Cirrus Logic Inc. Enters into A Credit Agreement for $250 Million Senior Secured Revolving Credit Facility

On August 29, 2014, Cirrus Logic Inc. entered into a credit agreement with Wells Fargo Bank, National Association, as Administrative Agent, and the Lenders party thereto. The Credit Agreement provides for a $250 million senior secured revolving credit facility. The Credit Facility was used to refinance in full Cirrus Logic's existing Credit Agreement dated April 29, 2014, and may also be used for general corporate purposes. The Credit Facility matures on August 29, 2017. Cirrus Logic must repay the outstanding principal amount of all borrowings, together with all accrued but unpaid interest thereon, on the Maturity Date. The Credit Facility is required to be guaranteed by all of Cirrus Logic's material domestic subsidiaries. The Credit Facility is secured by substantially all of the assets of Cirrus Logic and any Subsidiary Guarantors, except for certain excluded assets. Borrowings under the Credit Facility may, at Cirrus Logic's election, bear interest at either a Base Rate plus the Applicable Margin or a LIBOR Rate plus the Applicable Margin. The Applicable Margin ranges from 0% to 0.25% per annum for Base Rate Loans and 1.50% to 2.00% per annum for LIBOR Rate Loans based on Cirrus Logic's Leverage Ratio. A Commitment Fee accrues at a rate per annum ranging from 0.25% to 0.35% on the average daily unused portion of the Commitment of the Lenders.

Cirrus Logic, Inc. Announces Shipping of its CS35L32 Class D Amplifier into LG's New Smartphone, LG G3

Cirrus Logic Inc. announced that it is shipping its CS35L32 Class D amplifier into LG's new smartphone, the LG G3. Cirrus Logic's CS35L32 low power Class D amplifier rocks the audio in LG's new premium LG G3 smartphone. The CS35L32 high-performance speaker amplifier solution includes advanced speaker amplifier hardware accompanied by proprietary, adaptive real-time embedded software, providing speaker monitoring and protection in addition to sound enhancement to ensure optimized audio performance and quality. The CS35L32's performance enhances the consumer experience by delivering 30% more power to a speaker without compromising sound quality or reliability. Speakers used in small portable audio applications such as smartphones and tablets typically have physical and thermal limitations to drive full-range signals at loud volumes. As a result, speaker output performance is usually restricted to lower power, which limits overall audio performance. The CS35L32 overcomes these challenges with an integrated boost converter, integrated voltage and current monitoring and reporting circuitry to enable speaker protection, bass enhancement and improved linearity.

Cirrus Logic Inc. Announces Unaudited Consolidated Financial Results for the First Quarter Ended June 28, 2014; Provides Earnings Guidance for the Second Quarter of Fiscal Year 2015

Cirrus Logic Inc. announced unaudited consolidated financial results for the first quarter ended June 28, 2014. For the quarter, the company reported net revenue of $152.565 million against $155.125 million a year ago. Operating income was $15.915 million against $31.505 million a year ago. Income before income taxes was $15.949 million against $31.646 million a year ago. Net income was $10.248 million or $0.16 per diluted share against $20.642 million or $0.31 per diluted share a year ago. Non-GAAP net income was $23.646 million or $0.37 per diluted share against $36.842 million or $0.56 per diluted share a year ago. Non-GAAP operating income was $23.975 million against $37.544 million a year ago. For the second quarter of fiscal year 2015, the company expects revenue to be in the range between $175 million and $195 million. Gross margin is expected to be between 47% and 49% and combined R&D and SG&A expenses are expected to range between $58 million and $62 million.

 

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CRUS

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Valuation CRUS Industry Range
Price/Earnings 14.5x
Price/Sales 1.9x
Price/Book 2.1x
Price/Cash Flow 13.9x
TEV/Sales 1.4x
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