Cirrus Logic to Showcase at Upcoming Conference
November 29, 2023
🌥️Trending News
Cirrus Logic ($NASDAQ:CRUS), a leading supplier of high-precision analog and mixed-signal integrated circuits, is set to showcase its products and services at an upcoming conference. The company, which serves the consumer, automotive, audio, industrial and medical markets, has been making waves in the industry for its innovation and excellence in developing custom integrated circuits that meet the unique requirements of its customers. Cirrus Logic is a highly-regarded public company listed on the Nasdaq Global Select Market under ticker symbol CRUS. With a highly-skilled team of engineers and a commitment to quality and customer satisfaction, Cirrus Logic has established itself as a trusted partner for many of the world’s leading companies.
Share Price
CIRRUS LOGIC is set to showcase their products and services at an upcoming conference. On Tuesday, the company’s stock opened at $76.4 and closed at $77.0, up by 0.1% from the previous closing price of 76.9. This marks the first positive trading day for CIRRUS LOGIC since the start of the conference. Investors are hopeful that the showcase will result in strong sales and a boost to the company’s market performance. Live Quote…
About the Company
Income Snapshot
Below shows the total revenue, net income and net margin for Cirrus Logic. More…
| Total Revenues | Net Income | Net Margin |
| 1.76k | 140.81 | 11.7% |
Cash Flow Snapshot
Below shows the cash from operations, investing and financing for Cirrus Logic. More…
| Operations | Investing | Financing |
| 166.67 | -40.26 | -203.64 |
Balance Sheet Snapshot
Below shows the total assets, liabilities and book value per share for Cirrus Logic. More…
| Total Assets | Total Liabilities | Book Value Per Share |
| 2.1k | 396.1 | 31.5 |
Key Ratios Snapshot
Some of the financial key ratios for Cirrus Logic are shown below. More…
| 3Y Rev Growth | 3Y Operating Profit Growth | Operating Margin |
| 12.3% | 17.0% | 12.2% |
| FCF Margin | ROE | ROA |
| 7.2% | 8.0% | 6.4% |
Analysis
At GoodWhale, we have analyzed the fundamentals of CIRRUS LOGIC and present our findings here. According to our Star Chart, CIRRUS LOGIC has a high health score of 9/10, which means it has the capability of safely riding out any financial crisis without the risk of bankruptcy. We have classified CIRRUS LOGIC as ‘rhino’ type of company, meaning it has achieved moderate revenue or earnings growth. From an investment perspective, CIRRUS LOGIC is strong in asset and profitability, medium in growth, and weak in dividend. Therefore, the company can be an attractive option for investors who are looking for a stock with a stable asset base and good profitability. Additionally, those with moderate risk appetite and focused on long-term returns may be interested in CIRRUS LOGIC as its revenue and earnings growth has been steady and consistent. At the same time, dividend seekers may not find it the most ideal choice for their portfolio. More…
Peers
The company’s competitors include Sequans Communications SA, United Microelectronics Corp, and Globetronics Technology Bhd.
– Sequans Communications SA ($NYSE:SQNS)
Sequans Communications S.A. provides wireless connectivity solutions for the Internet of Things and 4G/5G applications. The company operates in two segments, Mobile Broadband and Enterprise & IoT. It offers its solutions for cellular, Wi-Fi, and short range applications, as well as for various connected devices, including cellular routers and gateways, customer premises equipment, and automotive and transportation applications.
– United Microelectronics Corp ($TWSE:2303)
As of 2022, United Microelectronics Corp has a market cap of 501.15B and a Return on Equity of 18.27%. The company is a leading global semiconductor foundry that provides advanced technology and manufacturing services to semiconductor companies worldwide. The company’s technology platforms include: advanced process technologies, memory technologies, mixed-signal/analog technologies, and specialty technologies.
– Globetronics Technology Bhd ($KLSE:7022)
As of 2022, Globetronics Technology Bhd has a market cap of 769.86M and a Return on Equity of 11.1%. The company is engaged in the design, manufacture and sale of semiconductor products and precision components. It offers a range of services including research and development, engineering, testing and assembly.
Summary
Cirrus Logic Inc. is a leader in the analog and mixed-signal audio semiconductor market. The company’s stock has been steadily increasing in price over the last year, with investors viewing the company’s strong product portfolio and financial performance as attractive. In the current fiscal year, the company has experienced organic growth in its analog and mixed-signal audio solutions business. It has also seen strong demand for its semiconductor products used in automotive and industrial applications.
Cirrus Logic is scheduled to present at an upcoming investor conference, providing investors with an updated financial outlook and key insights into the company’s business strategy. Analysts believe that the company’s strong financial performance and growth prospects make it a compelling investment story.
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