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Cirrus Logic Inc (CRUS)



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Upturn Advisory Summary
04/01/2025: CRUS (1-star) is currently NOT-A-BUY. Pass it for now.
Analysis of Past Performance
Type Stock | Historic Profit -19.57% | Avg. Invested days 35 | Today’s Advisory PASS |
Upturn Star Rating ![]() ![]() | Upturn Advisory Performance ![]() | Stock Returns Performance ![]() |
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Key Highlights
Company Size Mid-Cap Stock | Market Capitalization 5.31B USD | Price to earnings Ratio 18.15 | 1Y Target Price 130.83 |
Price to earnings Ratio 18.15 | 1Y Target Price 130.83 | ||
Volume (30-day avg) 618511 | Beta 0.89 | 52 Weeks Range 81.30 - 147.46 | Updated Date 04/1/2025 |
52 Weeks Range 81.30 - 147.46 | Updated Date 04/1/2025 | ||
Dividends yield (FY) - | Basic EPS (TTM) 5.5 |
Analyzing Revenue: Products, Geography and Growth
Revenue by Products
Product revenue - Year on Year
Revenue by Geography
Geography revenue - Year on Year
Earnings Date
Report Date - | When - | Estimate - | Actual - |
Profitability
Profit Margin 16.55% | Operating Margin (TTM) 26.23% |
Management Effectiveness
Return on Assets (TTM) 10.28% | Return on Equity (TTM) 16.21% |
Valuation
Trailing PE 18.15 | Forward PE 14.73 | Enterprise Value 4887959062 | Price to Sales(TTM) 2.88 |
Enterprise Value 4887959062 | Price to Sales(TTM) 2.88 | ||
Enterprise Value to Revenue 2.65 | Enterprise Value to EBITDA 10.61 | Shares Outstanding 53144900 | Shares Floating 52728271 |
Shares Outstanding 53144900 | Shares Floating 52728271 | ||
Percent Insiders 0.52 | Percent Institutions 96.4 |
Analyst Ratings
Rating 4.14 | Target Price 134 | Buy - | Strong Buy 4 |
Buy - | Strong Buy 4 | ||
Hold 3 | Sell - | Strong Sell - | |
Strong Sell - |
Upturn AI SWOT
Cirrus Logic Inc

Company Overview
History and Background
Cirrus Logic, Inc. was founded in 1984. It initially focused on developing integrated circuits for disk drives. Over time, it evolved into a leading supplier of high-performance audio and low-power integrated circuits for a variety of consumer and industrial markets.
Core Business Areas
- Audio Solutions: Designs and markets audio integrated circuits (ICs) for mobile devices, primarily smartphones and tablets, as well as other consumer and professional audio products. Products include audio codecs, amplifiers, and voice processors.
- Mixed-Signal: Develops and markets mixed-signal ICs for applications such as haptic drivers, power conversion, and other signal processing applications.
Leadership and Structure
John Forsyth is the CEO. The company has a functional organizational structure with departments focusing on engineering, sales, marketing, and operations.
Top Products and Market Share
Key Offerings
- Audio Codecs: High-fidelity audio codecs are a core product, used in smartphones, tablets, and laptops. Competitors include Qualcomm (QCOM), Realtek, and MediaTek. Market share fluctuates depending on specific product categories but Cirrus Logic is a major player in the high-performance audio codec market for mobile devices. Apple is its largest customer.
- Amplifiers: Power amplifiers designed to deliver high-quality audio in portable devices. Competitors include Texas Instruments (TXN), NXP Semiconductors (NXPI), and Maxim Integrated (now part of Analog Devices). Revenue from these products contributes significantly to Cirrus Logic's overall sales.
- Haptic Drivers: Haptic drivers that provide tactile feedback in mobile devices and other applications. Key competitors include Immersion Corporation and Texas Instruments.
Market Dynamics
Industry Overview
The semiconductor industry is cyclical and highly competitive. Demand is driven by the growth of consumer electronics, mobile devices, and IoT applications. Trends include increasing demand for low-power, high-performance audio and mixed-signal solutions.
Positioning
Cirrus Logic is a leader in audio and low-power ICs, known for its expertise in audio processing and its strong relationships with key mobile device manufacturers. Its competitive advantage lies in its specialized knowledge and focus on niche markets.
Total Addressable Market (TAM)
The total addressable market is estimated to be in the billions of dollars, encompassing audio ICs, power management, and other mixed-signal applications. Cirrus Logic is well-positioned to capture a significant portion of this market, particularly in the mobile and consumer audio segments.
Upturn SWOT Analysis
Strengths
- Strong expertise in audio and mixed-signal ICs
- Close relationships with key customers like Apple
- Focus on high-performance, low-power solutions
- Solid track record of innovation
Weaknesses
- High customer concentration (Apple)
- Vulnerability to fluctuations in the mobile device market
- Limited diversification beyond audio and mixed-signal ICs
- Susceptible to supply chain disruptions
Opportunities
- Growth in demand for advanced audio features in mobile devices
- Expansion into new markets such as automotive and IoT
- Development of new products and technologies
- Strategic acquisitions to diversify product portfolio
Threats
- Intense competition from larger semiconductor companies
- Rapid technological changes in the semiconductor industry
- Economic downturns that could reduce consumer spending
- Loss of key customers like Apple
Competitors and Market Share
Key Competitors
- TXN
- QCOM
- ADI
- NXPI
Competitive Landscape
Cirrus Logic competes with larger semiconductor companies that have broader product portfolios and greater financial resources. However, Cirrus Logic's focus on audio and mixed-signal ICs allows it to develop specialized expertise and build strong relationships with key customers.
Major Acquisitions
Lion Semiconductor
- Year: 2021
- Acquisition Price (USD millions): 335
- Strategic Rationale: Expanded Cirrus Logic's portfolio into smartphone power management ICs.
Growth Trajectory and Initiatives
Historical Growth: Cirrus Logic has experienced moderate growth in recent years, driven by the demand for its audio and mixed-signal ICs in mobile devices.
Future Projections: Analyst estimates project continued growth for Cirrus Logic, driven by the expansion of the audio market and the company's ability to innovate and capture new market share.
Recent Initiatives: Recent initiatives include developing new audio codecs for advanced mobile devices, expanding into new markets such as automotive and IoT, and exploring strategic acquisitions.
Summary
Cirrus Logic is a specialized semiconductor company with expertise in audio and mixed-signal ICs. Its strong relationships with key customers, particularly Apple, drive significant revenue. The high customer concentration poses a risk, and the company must diversify and capture new market opportunities. Successful acquisitions and continued innovation will be crucial for future growth.
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STM

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TXN

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Sources and Disclaimers
Data Sources:
- Company SEC Filings
- Analyst Reports
- Industry News
- Company Website
Disclaimers:
This analysis is based on available information and is not financial advice. Market conditions and company performance can change over time. Consult with a qualified financial advisor before making investment decisions.
AI Summarization is directionally correct and might not be accurate.
Summarized information shown could be a few years old and not current.
Fundamental Rating based on AI could be based on old data.
AI-generated summaries may have inaccuracies (hallucinations). Please verify the information before taking action.
About Cirrus Logic Inc
Exchange NASDAQ | Headquaters Austin, TX, United States | ||
IPO Launch date 1989-06-09 | CEO, President & Director Mr. John M. Forsyth | ||
Sector Technology | Industry Semiconductors | Full time employees 1609 | Website https://www.cirrus.com |
Full time employees 1609 | Website https://www.cirrus.com |
Cirrus Logic, Inc., a fabless semiconductor company, develops low-power high-precision mixed-signal processing solutions in China, the United States, and internationally. The company offers audio products, including amplifiers; 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 integrated digital signal processing; standalone 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, and hearing augmentation for use in smartphones, tablets, laptops, AR/VR headsets, home theater systems, automotive entertainment systems, and professional audio systems. It also provides high-performance mixed-signal products comprising camera controllers, haptic and sensing solutions, and battery and power ICs for use in smartphones, as well as legacy industrial and energy applications, such as 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.
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