Intrinsic value of Cirrus Logic - CRUS

Previous Close

$53.99

  Intrinsic Value

$351.24

stock screener

  Rating & Target

str. buy

+551%

Previous close

$53.99

 
Intrinsic value

$351.24

 
Up/down potential

+551%

 
Rating

str. buy

*Intrinsic value change (in %) minus stock price change (in %) in the past 12 months.

We calculate the intrinsic value of CRUS stock by summing up the current values of future distributable cash flows generated by the company and dividing the sum by the number of outstanding shares. As such, the intrinsic value calculation depends entirely on projections. The more accurate your projections of the company's performance are - the more reliable is the intrinsic value calculation result. Please make sure to check the stock valuation input data below and adjust it if necessary. The quality of the output (intrinsic valuation result) is only as good as the quality of the input. See also DISCLAIMERS.

STOCK VALUATION INPUT DATA

Initial revenue growth rate, %
Terminal revenue growth rate, %
Revenue decline factor
Initial discount rate, %
Discount rate multiplier
Shares outstanding, mln

 

FINANCIAL STATEMENTS FORECAST and PRESENT VALUE CALCULATION

Fiscal year
2017(a)
   2018
   2019
   2020
   2021
   2022
   2023
   2024
   2025
   2026
   2027
   2028
   2029
   2030
   2031
   2032
   2033
   2034
   2035
   2036
   2037
   2038
   2039
   2040
   2041
   2042
   2043
   2044
   2045
   2046
   2047

INCOME STATEMENT

 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Revenue growth rate, %
  31.65
  31.70
  29.03
  26.63
  24.46
  22.52
  20.77
  19.19
  17.77
  16.49
  15.34
  14.31
  13.38
  12.54
  11.79
  11.11
  10.50
  9.95
  9.45
  9.01
  8.61
  8.25
  7.92
  7.63
  7.37
  7.13
  6.92
  6.73
  6.55
  6.40
  6.26
Revenue, $m
  1,539
  2,027
  2,615
  3,312
  4,122
  5,050
  6,099
  7,269
  8,561
  9,973
  11,503
  13,149
  14,908
  16,778
  18,755
  20,838
  23,026
  25,316
  27,709
  30,205
  32,805
  35,510
  38,323
  41,247
  44,285
  47,443
  50,724
  54,136
  57,683
  61,373
  65,214
Variable operating expenses, $m
 
  1,268
  1,628
  2,053
  2,549
  3,116
  3,757
  4,473
  5,262
  6,125
  7,061
  8,039
  9,114
  10,257
  11,466
  12,740
  14,077
  15,477
  16,940
  18,466
  20,055
  21,709
  23,429
  25,216
  27,074
  29,004
  31,010
  33,096
  35,265
  37,521
  39,868
Fixed operating expenses, $m
 
  265
  272
  279
  286
  293
  300
  308
  316
  323
  332
  340
  348
  357
  366
  375
  384
  394
  404
  414
  424
  435
  446
  457
  468
  480
  492
  504
  517
  530
  543
Total operating expenses, $m
  1,222
  1,533
  1,900
  2,332
  2,835
  3,409
  4,057
  4,781
  5,578
  6,448
  7,393
  8,379
  9,462
  10,614
  11,832
  13,115
  14,461
  15,871
  17,344
  18,880
  20,479
  22,144
  23,875
  25,673
  27,542
  29,484
  31,502
  33,600
  35,782
  38,051
  40,411
Operating income, $m
  317
  494
  716
  979
  1,287
  1,641
  2,041
  2,488
  2,983
  3,524
  4,110
  4,770
  5,446
  6,164
  6,923
  7,724
  8,564
  9,445
  10,365
  11,325
  12,325
  13,366
  14,448
  15,574
  16,743
  17,958
  19,222
  20,535
  21,901
  23,323
  24,802
EBITDA, $m
  380
  566
  800
  1,079
  1,405
  1,778
  2,201
  2,673
  3,195
  3,767
  4,386
  5,053
  5,766
  6,524
  7,326
  8,171
  9,059
  9,989
  10,960
  11,974
  13,030
  14,129
  15,271
  16,459
  17,694
  18,977
  20,311
  21,698
  23,140
  24,640
  26,202
Interest expense (income), $m
  3
  2
  5
  8
  13
  17
  23
  29
  36
  44
  52
  61
  71
  81
  92
  104
  116
  129
  143
  157
  172
  187
  203
  220
  237
  255
  274
  294
  314
  335
  357
Earnings before tax, $m
  315
  491
  711
  971
  1,275
  1,624
  2,018
  2,459
  2,947
  3,480
  4,058
  4,709
  5,375
  6,082
  6,831
  7,620
  8,448
  9,316
  10,222
  11,168
  12,153
  13,179
  14,245
  15,353
  16,505
  17,703
  18,948
  20,242
  21,587
  22,988
  24,445
Tax expense, $m
  54
  133
  192
  262
  344
  438
  545
  664
  796
  940
  1,096
  1,272
  1,451
  1,642
  1,844
  2,057
  2,281
  2,515
  2,760
  3,015
  3,281
  3,558
  3,846
  4,145
  4,456
  4,780
  5,116
  5,465
  5,829
  6,207
  6,600
Net income, $m
  261
  359
  519
  709
  931
  1,185
  1,473
  1,795
  2,151
  2,540
  2,962
  3,438
  3,924
  4,440
  4,986
  5,562
  6,167
  6,800
  7,462
  8,153
  8,872
  9,620
  10,399
  11,208
  12,049
  12,923
  13,832
  14,776
  15,759
  16,781
  17,845

BALANCE SHEET

 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Cash and short-term investments, $m
  451
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
Total assets, $m
  1,413
  1,267
  1,635
  2,070
  2,576
  3,156
  3,812
  4,543
  5,350
  6,233
  7,189
  8,218
  9,317
  10,486
  11,722
  13,024
  14,391
  15,823
  17,318
  18,878
  20,503
  22,194
  23,952
  25,779
  27,678
  29,652
  31,703
  33,835
  36,052
  38,358
  40,758
Adjusted assets (=assets-cash), $m
  962
  1,267
  1,635
  2,070
  2,576
  3,156
  3,812
  4,543
  5,350
  6,233
  7,189
  8,218
  9,317
  10,486
  11,722
  13,024
  14,391
  15,823
  17,318
  18,878
  20,503
  22,194
  23,952
  25,779
  27,678
  29,652
  31,703
  33,835
  36,052
  38,358
  40,758
Revenue / Adjusted assets
  1.600
  1.600
  1.599
  1.600
  1.600
  1.600
  1.600
  1.600
  1.600
  1.600
  1.600
  1.600
  1.600
  1.600
  1.600
  1.600
  1.600
  1.600
  1.600
  1.600
  1.600
  1.600
  1.600
  1.600
  1.600
  1.600
  1.600
  1.600
  1.600
  1.600
  1.600
Average production assets, $m
  314
  413
  534
  676
  841
  1,030
  1,244
  1,483
  1,746
  2,034
  2,347
  2,682
  3,041
  3,423
  3,826
  4,251
  4,697
  5,165
  5,653
  6,162
  6,692
  7,244
  7,818
  8,414
  9,034
  9,678
  10,348
  11,044
  11,767
  12,520
  13,304
Working capital, $m
  632
  239
  309
  391
  486
  596
  720
  858
  1,010
  1,177
  1,357
  1,552
  1,759
  1,980
  2,213
  2,459
  2,717
  2,987
  3,270
  3,564
  3,871
  4,190
  4,522
  4,867
  5,226
  5,598
  5,985
  6,388
  6,807
  7,242
  7,695
Total debt, $m
  60
  142
  242
  360
  497
  654
  832
  1,030
  1,249
  1,488
  1,747
  2,026
  2,324
  2,641
  2,976
  3,328
  3,699
  4,087
  4,492
  4,915
  5,355
  5,814
  6,290
  6,785
  7,300
  7,835
  8,390
  8,968
  9,569
  10,194
  10,845
Total liabilities, $m
  262
  343
  443
  561
  698
  855
  1,033
  1,231
  1,450
  1,689
  1,948
  2,227
  2,525
  2,842
  3,177
  3,529
  3,900
  4,288
  4,693
  5,116
  5,556
  6,015
  6,491
  6,986
  7,501
  8,036
  8,591
  9,169
  9,770
  10,395
  11,046
Total equity, $m
  1,152
  923
  1,192
  1,509
  1,878
  2,301
  2,779
  3,312
  3,900
  4,544
  5,241
  5,991
  6,792
  7,644
  8,545
  9,494
  10,491
  11,535
  12,625
  13,762
  14,947
  16,179
  17,461
  18,793
  20,178
  21,616
  23,111
  24,666
  26,282
  27,963
  29,713
Total liabilities and equity, $m
  1,414
  1,266
  1,635
  2,070
  2,576
  3,156
  3,812
  4,543
  5,350
  6,233
  7,189
  8,218
  9,317
  10,486
  11,722
  13,023
  14,391
  15,823
  17,318
  18,878
  20,503
  22,194
  23,952
  25,779
  27,679
  29,652
  31,702
  33,835
  36,052
  38,358
  40,759
Debt-to-equity ratio
  0.052
  0.150
  0.200
  0.240
  0.260
  0.280
  0.300
  0.310
  0.320
  0.330
  0.330
  0.340
  0.340
  0.350
  0.350
  0.350
  0.350
  0.350
  0.360
  0.360
  0.360
  0.360
  0.360
  0.360
  0.360
  0.360
  0.360
  0.360
  0.360
  0.360
  0.360
Adjusted equity ratio
  0.729
  0.729
  0.729
  0.729
  0.729
  0.729
  0.729
  0.729
  0.729
  0.729
  0.729
  0.729
  0.729
  0.729
  0.729
  0.729
  0.729
  0.729
  0.729
  0.729
  0.729
  0.729
  0.729
  0.729
  0.729
  0.729
  0.729
  0.729
  0.729
  0.729
  0.729

CASH FLOW

 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Net income, $m
  261
  359
  519
  709
  931
  1,185
  1,473
  1,795
  2,151
  2,540
  2,962
  3,438
  3,924
  4,440
  4,986
  5,562
  6,167
  6,800
  7,462
  8,153
  8,872
  9,620
  10,399
  11,208
  12,049
  12,923
  13,832
  14,776
  15,759
  16,781
  17,845
Depreciation, amort., depletion, $m
  63
  72
  85
  100
  117
  137
  160
  185
  213
  243
  276
  282
  320
  360
  403
  447
  494
  544
  595
  649
  704
  763
  823
  886
  951
  1,019
  1,089
  1,162
  1,239
  1,318
  1,400
Funds from operations, $m
  345
  431
  604
  809
  1,048
  1,322
  1,633
  1,980
  2,364
  2,783
  3,238
  3,720
  4,244
  4,800
  5,389
  6,010
  6,661
  7,344
  8,057
  8,801
  9,576
  10,383
  11,222
  12,094
  13,000
  13,942
  14,921
  15,939
  16,997
  18,099
  19,245
Change in working capital, $m
  -25
  58
  69
  82
  96
  110
  124
  138
  152
  167
  181
  194
  208
  221
  233
  246
  258
  270
  282
  295
  307
  319
  332
  345
  359
  373
  387
  403
  419
  435
  453
Cash from operations, $m
  370
  373
  534
  726
  952
  1,213
  1,509
  1,842
  2,211
  2,617
  3,058
  3,526
  4,036
  4,580
  5,156
  5,764
  6,403
  7,074
  7,775
  8,507
  9,270
  10,064
  10,890
  11,749
  12,641
  13,569
  14,534
  15,536
  16,579
  17,663
  18,792
Maintenance CAPEX, $m
  0
  -33
  -44
  -56
  -71
  -89
  -108
  -131
  -156
  -184
  -214
  -247
  -282
  -320
  -360
  -403
  -447
  -494
  -544
  -595
  -649
  -704
  -763
  -823
  -886
  -951
  -1,019
  -1,089
  -1,162
  -1,239
  -1,318
New CAPEX, $m
  -51
  -99
  -120
  -142
  -165
  -189
  -214
  -239
  -264
  -288
  -312
  -336
  -359
  -381
  -403
  -425
  -446
  -467
  -488
  -509
  -530
  -552
  -574
  -596
  -620
  -644
  -669
  -696
  -724
  -753
  -783
Cash from investing activities, $m
  -70
  -132
  -164
  -198
  -236
  -278
  -322
  -370
  -420
  -472
  -526
  -583
  -641
  -701
  -763
  -828
  -893
  -961
  -1,032
  -1,104
  -1,179
  -1,256
  -1,337
  -1,419
  -1,506
  -1,595
  -1,688
  -1,785
  -1,886
  -1,992
  -2,101
Free cash flow, $m
  300
  241
  371
  528
  716
  935
  1,187
  1,472
  1,792
  2,145
  2,531
  2,943
  3,395
  3,878
  4,392
  4,936
  5,510
  6,112
  6,743
  7,403
  8,091
  8,807
  9,553
  10,329
  11,136
  11,974
  12,846
  13,751
  14,693
  15,672
  16,691
Issuance/(repayment) of debt, $m
  -101
  82
  100
  118
  137
  157
  178
  198
  219
  239
  259
  279
  298
  317
  335
  353
  371
  388
  405
  423
  440
  458
  476
  495
  515
  535
  556
  578
  601
  625
  650
Issuance/(repurchase) of shares, $m
  -13
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
Cash from financing (excl. dividends), $m  
  -118
  82
  100
  118
  137
  157
  178
  198
  219
  239
  259
  279
  298
  317
  335
  353
  371
  388
  405
  423
  440
  458
  476
  495
  515
  535
  556
  578
  601
  625
  650
Total cash flow (excl. dividends), $m
  182
  323
  470
  646
  853
  1,092
  1,364
  1,671
  2,010
  2,384
  2,791
  3,222
  3,693
  4,195
  4,727
  5,289
  5,880
  6,500
  7,148
  7,825
  8,531
  9,266
  10,030
  10,825
  11,651
  12,509
  13,401
  14,329
  15,294
  16,297
  17,341
Retained Cash Flow (-), $m
  -293
  -222
  -268
  -317
  -369
  -423
  -478
  -533
  -589
  -643
  -697
  -750
  -802
  -852
  -901
  -949
  -997
  -1,044
  -1,090
  -1,137
  -1,184
  -1,233
  -1,282
  -1,332
  -1,384
  -1,439
  -1,495
  -1,554
  -1,616
  -1,681
  -1,750
Prev. year cash balance distribution, $m
 
  451
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
Cash flow adjustment, $m
 
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
Cash available for distribution, $m
 
  552
  202
  329
  484
  669
  887
  1,137
  1,422
  1,741
  2,093
  2,472
  2,891
  3,343
  3,826
  4,340
  4,883
  5,456
  6,058
  6,688
  7,346
  8,033
  8,748
  9,492
  10,266
  11,070
  11,906
  12,775
  13,677
  14,616
  15,591
Discount rate, %
 
  4.30
  4.52
  4.74
  4.98
  5.23
  5.49
  5.76
  6.05
  6.35
  6.67
  7.00
  7.35
  7.72
  8.11
  8.51
  8.94
  9.39
  9.86
  10.35
  10.87
  11.41
  11.98
  12.58
  13.21
  13.87
  14.56
  15.29
  16.05
  16.86
  17.70
PV of cash for distribution, $m
 
  529
  185
  286
  398
  519
  644
  768
  889
  1,000
  1,097
  1,174
  1,234
  1,271
  1,284
  1,274
  1,241
  1,187
  1,116
  1,030
  934
  831
  726
  622
  523
  431
  347
  274
  212
  160
  117
Current shareholders' claim on cash, %
  100
  100.0
  100.0
  100.0
  100.0
  100.0
  100.0
  100.0
  100.0
  100.0
  100.0
  100.0
  100.0
  100.0
  100.0
  100.0
  100.0
  100.0
  100.0
  100.0
  100.0
  100.0
  100.0
  100.0
  100.0
  100.0
  100.0
  100.0
  100.0
  100.0
  100.0

Cirrus Logic, Inc. is engaged in providing integrated circuits (ICs) for audio and voice signal processing applications. The Company develops analog and mixed-signal ICs for a range of customers. The Company offers two product lines: Portable Audio, and Non-Portable Audio and Other. The Company's primary facility housing engineering, sales and marketing, and administration functions is located in Austin, Texas. The Company offers products through both direct and indirect sales channels across the world. The Company's portable audio products include analog and mixed-signal components designed for mobile devices including smartphones, tablets, digital headsets, wearables, smart accessories and portable media players. Its non-portable audio and other products include analog and mixed-signal components targeting the consumer market, including smart home applications, and the automotive, energy and industrial markets.

FINANCIAL RATIOS  of  Cirrus Logic (CRUS)

Valuation Ratios
P/E Ratio 13.3
Price to Sales 2.3
Price to Book 3
Price to Tangible Book
Price to Cash Flow 9.4
Price to Free Cash Flow 10.9
Growth Rates
Sales Growth Rate 31.7%
Sales - 3 Yr. Growth Rate %
EPS Growth Rate %
EPS - 3 Yr. Growth Rate %
Capital Spending Gr. Rate 10.9%
Cap. Spend. - 3 Yr. Gr. Rate 24.6%
Financial Strength
Quick Ratio NaN
Current Ratio 0.1
LT Debt to Equity 5.2%
Total Debt to Equity 5.2%
Interest Coverage 106
Management Effectiveness
Return On Assets 20.3%
Ret/ On Assets - 3 Yr. Avg. 12.4%
Return On Total Capital 23.4%
Ret/ On T. Cap. - 3 Yr. Avg. 14.4%
Return On Equity 26%
Return On Equity - 3 Yr. Avg. 16.4%
Asset Turnover 1.2
Profitability Ratios
Gross Margin 49.3%
Gross Margin - 3 Yr. Avg. 47.7%
EBITDA Margin 24.8%
EBITDA Margin - 3 Yr. Avg. 19.7%
Operating Margin 20.6%
Oper. Margin - 3 Yr. Avg. 16%
Pre-Tax Margin 20.5%
Pre-Tax Margin - 3 Yr. Avg. 15.2%
Net Profit Margin 17%
Net Profit Margin - 3 Yr. Avg. 11.2%
Effective Tax Rate 17.1%
Eff/ Tax Rate - 3 Yr. Avg. 29%
Payout Ratio 0%

CRUS stock valuation input parameters

Revenue. Company's revenue (or sales) is always the starting point of any cash flow forecast. In the CRUS stock intrinsic value calculation we used $1539 million for the last fiscal year's total revenue generated by Cirrus Logic. The default revenue input number comes from 2017 income statement of Cirrus Logic. You may change it if you feel that it should be adjusted for some unusual circumstances that are not expected to be repeated in the future or if you already know (from interim financial statements, for example) that this year's revenue is going to be quite different.

Revenue growth rate. Forecasted future revenue growth rate is the most important input parameter for the intrinsic value calculation. Unlike other input parameters that are reasonably expected to be in line with their historic averages or their historic trends, the revenue growth rate by and large is a wild card: nobody really knows what the company's revenue will be in the future. Of course, the level of unpredictability is different for different industries (utility companies being the most predictable and, thus, less risky).
    We use three input parameters to forecast the revenue growth rate in our CRUS stock valuation model: a) initial revenue growth rate of 31.7% whose default value is the revenue growth rate in the most recent quarter compared to the quarterly revenue a year ago; b) terminal revenue growth rate of 5% whose default value is chosen to be close to the average nominal (i.e. not adjusted for inflation) GDP growth rate; and c) revenue decline factor of 0.9, which stipulates that revenue growth rate in each forecasted year will be equal to the difference of the revenue growth rate in the preceding year and the terminal revenue growth rate multiplied by this revenue decline factor (with the passage of time the revenue growth rate will be approaching the terminal revenue growth rate, but not quite reaching it - though the difference could be infinitesimally small).
    At the revenue decline factor of 1, the future revenue growth rate is forecasted to be constant and equal to the initial revenue growth rate. The smaller the revenue decline factor, the faster the revenue growth rate will approach the terminal revenue growth.

Discount rate. The discount rate is used for determining the present value of future cash flows: future cash flows are "discounted" as at normal conditions (that translate into positive expected return on investment) one dollar today is worth more than the same dollar in the future. Unlike all other valuation models, we use variable discount rate, i.e. it increases for each consecutive year. This is done to account for higher risk of cash flows coming in further in the future.
    The initial discount rate of 4.3%, whose default value for CRUS is calculated based on our internal credit rating of Cirrus Logic, is applied to the cash flow expected to be received a year from now (well, actually, to be precise, in the financial year following the base year - the last year for which we have financial statements). For each consecutive year the discount rate is multiplied by the discount rate multiplier of 1.05, e.i. each year it increases by 5%. Feel free to change this number to correspond to your level of risk assessment of Cirrus Logic.
    By the way, it is easy to set the discount rate to be constant (this would make comparison with other valuation models easier): just set the discount rate multiplier equal to 1 and chose the magnitude of the initial discount rate to your liking.

Variable cost ratio is the ratio of variable costs (i.e. costs that fluctuate with fluctuation of the volume of production) to the revenue expressed as a percentage. In the calculation of intrinsic value of CRUS stock the variable cost ratio is equal to 63%.

Fixed operating expenses is just that - expenses that are not dependant on the volume of production. They are set to $259 million in the base year in the intrinsic value calculation for CRUS stock. These expenses increase with the level of inflation in subsequent years.

Interest rate on debt is the average all-in rate of interest paid by the company on its debt. It is set at 3.5% for Cirrus Logic.

Corporate tax rate of 27% is the nominal tax rate for Cirrus Logic. In reality, companies find ways to pay much less taxes than that or not to pay them at all.

Cash flow adjustment could be used for any adjustment the investor deems necessary. Most commonly we use this field to account for stock options-related effects in excess of what is reported on the company's income statement. The cash flow adjustment is expressed as a percentage of the revenue, and in the current valuation of the CRUS stock is equal to 0%.

Production assets are the company's assets used for manufacturing products or provision of services. In the valuation model input table they are expressed as a percentage of revenue and for CRUS are equal to 20.4%.

Life of production assets of 9.5 years is the average useful life of capital assets used in Cirrus Logic operations. It is used to calculate yearly capital expenditures needed to keep these assets in good order - we call it the maintenance CAPEX.

Working capital is the difference between the company's current assets and liabilities. In the model we use the ratio of working capital to revenue, which for CRUS is equal to 11.8%. A negative number means that the company is apt at using financial resources of its suppliers and customers; a large positive number, on the other hand, means that it either provides in-kind financing to others or is not good at managing its inventories.

Book value of equity - $1152 million for Cirrus Logic - is used in calculation of the "floor" for intrinsic valuation based on the discounted cash flow (DCF) method. Even if the prospects are very bad for a company, its assets could always be sold now for their current fair market value.

Shares outstanding of 64.211 million for Cirrus Logic is needed to calculate the intrinsic value of one share.

Market capitalization is used here only for reference purposes and as a quick check that the share price and the number of shares outstanding numbers are correct - something especially to be cognizant about at stock splits. So, the market capitalization of Cirrus Logic at the current share price and the inputted number of shares is $3.5 billion.

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COMPANY NEWS

▶ Launch of Calvert Ultra-Short Duration Income NextShares   [Jan-11-18 10:14AM  PR Newswire]
▶ Cirrus Logic to Announce Q3 Results Feb. 5   [Jan-09-18 05:00PM  Business Wire]
▶ Apple Buyback Scenario May Soothe Worries Over iPhone X Demand   [Jan-08-18 04:54PM  Investor's Business Daily]
▶ Why AMD and Intel Are in the Top 5 Most Volatile Semi Stocks   [Dec-29-17 05:40PM  Market Realist]
▶ 3 Value Stocks Perfect for Retirement   [Dec-19-17 09:47AM  Motley Fool]
▶ 3 Key Takeaways From Cirrus Logic's Investor Conferences   [Dec-18-17 09:18PM  Motley Fool]
▶ How the iPhone X Could Impact Apples Earnings   [07:31AM  Market Realist]
▶ A Look at Chip Suppliers with High Exposure to Apple   [Dec-15-17 09:01AM  Market Realist]
▶ Apple suppliers gain after Broadcom hint on iPhone   [Dec-07-17 10:16AM  Reuters]
▶ Cirrus Logic Investors Need to Watch These Red Flags   [Nov-29-17 09:01AM  Motley Fool]
▶ Better Buy: Corning Incorporated vs. Cirrus Logic   [Nov-21-17 05:28PM  Motley Fool]
▶ Will Apple Suppliers Join iPhone X Rally?   [Nov-20-17 11:05AM  Investopedia]
▶ 3 Key Takeaways From Cirrus Logic's Earnings Report   [Nov-13-17 07:38PM  Motley Fool]
▶ Chip Winners Identified In Apple iPhone X Teardowns   [Nov-06-17 05:36PM  Investor's Business Daily]
▶ Cirrus Logic Expects Slow Growth This Year   [Nov-03-17 10:18PM  Motley Fool]
▶ Cirrus Logic to Present at Upcoming Conferences   [Nov-02-17 04:20PM  Business Wire]
▶ Cirrus Logic tops Street 2Q forecasts   [04:11PM  Associated Press]
▶ 4 Semiconductor Earnings To Watch This Week   [Oct-30-17 08:24AM  Benzinga]
▶ What I'll Be Watching When Cirrus Logic Reports Earnings   [Oct-26-17 09:10PM  Motley Fool]
▶ 3 Chipmakers Poised to Thrive on Apple's Supercycle   [Oct-19-17 12:00PM  Investopedia]
▶ Top Ranked Value Stocks to Buy for October 11th   [Oct-11-17 09:13AM  Zacks]
▶ Top Ranked Growth Stocks to Buy for October 6th   [Oct-06-17 09:32AM  Zacks]
▶ Interpublic and Cirrus Logic Are on the Casualty List   [Oct-04-17 12:55PM  GuruFocus.com]
▶ 3 Stocks That Could Soar More Than Netflix   [Sep-22-17 08:23PM  Motley Fool]
▶ This semiconductor ETF still has room to move   [Sep-19-17 12:50PM  CNBC Videos]
▶ 3 Brilliant Ways Cirrus Logic Is Investing in the Future   [Aug-31-17 07:46PM  Motley Fool]
▶ 2 Big Updates Apple Inc. Could Bring to the iPhone 9   [Aug-22-17 09:30AM  Motley Fool]
▶ Better Buy: Corning Incorporated vs. Cirrus Logic   [Aug-19-17 06:06PM  Motley Fool]
▶ Why Cirrus Logic Could Bounce Back   [Aug-15-17 11:25AM  Motley Fool]
▶ An Easy-To-Use Cheat Sheet For Apple Suppliers   [Aug-10-17 08:42AM  Benzinga]
▶ 3 Key Takeaways from Cirrus Logic's Earnings Report   [Aug-08-17 07:47PM  Motley Fool]
▶ Top performing Apple suppliers   [Aug-04-17 08:50AM  CNBC Videos]
▶ Cirrus Logic beats Street 1Q forecasts   [Aug-02-17 10:29PM  Associated Press]
▶ 3 Growth Stocks for In-the-Know Investors   [05:15PM  Motley Fool]
Financial statements of CRUS
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