Cirrus Logic, Inc.

Cirrus Logic, Inc.

Cirrus Logic, Inc.

Overview
Date Founded

1998

Headquarters

800 West 6th Street, Austin, TX, 78701, USA

Type of Company

Public

Employees (Worldwide)

1,443

Industries

Semiconductors
Appliances & Electronics
Electrical Products
Power & Utilities

Company Description

Cirrus Logic, Inc. develops high-precision, analog and mixed-signal integrated circuits for a range of customers. It builds an analog and signal-processing patent portfolio. The firm delivers optimized products for a variety of audio, industrial and energy-related applications. Its product lines include portable audio products and non-portable audio and other products. The company was founded by Suhas S. Patil and Michael L. Hackworth in 1984 and is headquartered in Austin, TX.

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Executives & Employees

Chief Executive Officer & Director

President

Senior Vice President, Chief Financial Officer & Principal Accounting Officer

Treasurer, Chief Financial & Accounting Officer

Secretary, Senior Vice President & General Counsel

Chief Culture Officer & Vice President

Vice President & General Manager

Senior Vice President-Supply Chain

Vice President, Worldwide Sales

Vice President, Cirrus Logic International

Board of Directors

Director at Javelin Semiconductor, Inc.

Co-General Manager Design Group, Corporate Staff at Synopsys, Inc.

Founder at Lego Ventures LLC

Future Faculty Member at University of Texas at Austin - McCombs School of Business (Effective 09/2020)

Chief Executive Officer at Details Lab, Inc.

Chief Executive Officer & Director at Cirrus Logic, Inc.

Former Senior Vice President, Research & Development at National Instruments Corp.

Chief Technology Officer at Jamo International ApS

Paths to Cirrus Logic, Inc.
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Cirrus Logic, Inc.
Owners & Shareholders
Details Hidden

Royce & Associates invests clients' assets primarily in the equity securities of US and foreign companies at all capitalization levels using its disciplined valuation-based investment approach. A significant portion of clients' assets are invested in the securities of micro-, small-, and mid-cap companies. Royce's value approach is based on their belief that the securities of certain micro-, small-, or mid-cap companies may sell at a discount from the firm's estimate of the companies' current worth. The firm seeks to identify and invest in these companies with the expectation that the value discount will narrow over time and thus provide capital appreciation for their clients. Investments may include purchases of securities offered in initial public offerings, secondary offerings, private placements, long and/or short positions in US and non-US publicly issued and non-public common stocks, ADRs, preferred stocks, stock warrants and rights, bonds of all types, including distressed and defaulted bonds, notes or other debentures, debt participations or bank debt, convertible securities, distressed securities, partnership interests, swaps, participation notes, derivative contracts and structured notes, and other securities or financial instruments. Royce & Associates may also invest a portion of the assets of certain accounts in ETFs, closed-end funds, money market funds and other funds. The firm's team of portfolio managers has significant personal investments in the strategies they manage.

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LBA provides investment management services using an approach based on fundamental analysis, broad diversification, an international perspective, careful stock selection and low turnover. Their style is conservative. LBA does not short securities, nor do they trade in options or derivatives. Types of mandates offered to US investors include: Global Balanced, Foreign (non-Canadian) Balanced, Canadian Balanced, Canadian Equities, Global Equity (Canadian and foreign equities), Canadian Equity Plus (with up to 40% foreign equity component), Foreign Equities (only non-Canadian equities), and Fixed Income. LBA's investment style is essentially the same for Canadian equities, US equities and other international equities. The firm doesn't use external managers. LBA employs an enterprise value approach and they must be able to justify the price they pay using standard financial principles. Longer investment horizons are stressed. LBA tends to avoid securities with a lot of valuation risk or those that are too dependent on extraordinary future growth or improvements in profitability. LBA's portfolios typically have lower P/E ratios, have higher current yields, trade at lower P/CF, and have higher EBITDA/TMV and REVENUES/TMV ratios.

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Jacobs Levy focuses exclusively on the management of U.S. equity portfolios, including both long equity and long-short equity portfolios. The firm offers an array of investment strategies which include, but are not limited to: Large Cap Core, Growth and Value; Mega Cap Core, Growth and Value; Mid Cap Core, Growth and Value; Small Cap Core, Growth and Value; Defensive Equity; Dynamic Equity; Enhanced Active 130-30 Long-Short; Market Neutral Long-Short; and Hedged Portfolios. The cornerstone of their approach is a proprietary process known as \"disentangling\". Jacobs Levy's stock selection process entails modeling of a large number of stocks and proprietary factors. They employ an investment process that combines finance and behavioral theory, quantitative and statistical methods, and human insight and judgment. The firm makes adjustments to the stocks selected by its investment process for, among other things, company, industry, sector, and market-wide events or in response to, among other things, security data issues, breaking news, and changes in the regulatory or market environment.

Recent Transactions
Details Hidden

Cirrus Logic, Inc. purchases Actiwave AB from Industrifonden, SEB Venture Capital

Details Hidden

Cirrus Logic, Inc. purchases Agnitio SL /Kivox Business from Axis Participaciones Empresariales SGEIC SA SME, Kreos Capital Management (UK) Ltd., Elaia Partners SAS, 123 Investment Managers, Agnitio S.L., Nauta Capital VC Partners SGEIC SA

Details Hidden

Cirrus Logic, Inc. purchases Cirrus Logic International (UK) Ltd.

Transaction Advisors
Accountant

Advised onCirrus Logic, Inc. purchases Stream Machine Co. from Vertex Holdings, Bessemer Venture Partners, JatoTech Ventures Inc, Mayfield Fund LLC, WI Harper Group, Inc., Tallwood Venture Capital, ICCP Venture Partners, Inc., ChinaVest Ltd.

Legal Advisor

Advised onCirrus Logic, Inc. purchases Cirrus Logic International (UK) Ltd.

Legal Advisor

Advised onCirrus Logic, Inc. purchases Stream Machine Co. from Vertex Holdings, Bessemer Venture Partners, JatoTech Ventures Inc, Mayfield Fund LLC, WI Harper Group, Inc., Tallwood Venture Capital, ICCP Venture Partners, Inc., ChinaVest Ltd.

Professional

Advised onCirrus Logic, Inc. purchases Acoustic Technologies, Inc.

Legal Advisor

Advised onCirrus Logic, Inc. purchases Cirrus Logic International (UK) Ltd.

Legal Advisor

Advised onCirrus Logic, Inc. purchases Cirrus Logic International (UK) Ltd.

Advisors & Consultants
Legal Advisor

Managing Partner at Wilson Sonsini Goodrich & Rosati PC

Legal Advisor

Partner at Wilson Sonsini Goodrich & Rosati PC

Legal Advisor

Partner at Wilson Sonsini Goodrich & Rosati PC

Clients

Apple, Inc. engages in the design, manufacture, and sale of smartphones, personal computers, tablets, wearables and accessories, and other variety of related services. It operates through the following geographical segments: Americas, Europe, Greater China, Japan, and Rest of Asia Pacific. The Americas segment includes North and South America. The Europe segment consists of European countries, as well as India, the Middle East, and Africa. The Greater China segment comprises of China, Hong Kong, and Taiwan. The Rest of Asia Pacific segment includes Australia and Asian countries. Its products and services include iPhone, Mac, iPad, AirPods, Apple TV, Apple Watch, Beats products, Apple Care, iCloud, digital content stores, streaming, and licensing services. The company was founded by Steven Paul Jobs, Ronald Gerald Wayne, and Stephen G. Wozniak on April 1, 1976 and is headquartered in Cupertino, CA.

One of the world's largest trans-national electronics distributors of electronic parts, enterprise computing and storage products and embedded subsystems, Avnet provides a vital link in the technology supply chain. Market needs and trends drive Avnet's product and services strategy, supported by a global infrastructure. Avnet brings a breadth and depth of service capabilities, such as supply-chain and design-chain services, logistics solutions, product assembly, device programming, computer system configuration and integration, and technical seminars - all in addition to its core distribution services. Through its innovative and entrepreneurial spirit, and its passion for customer service, Avnet assures customers and suppliers that they have chosen the right partner to accelerate their success

S.A.S. Dragon Holdings Ltd. operates as an investment holding company, engages in the design, development, sourcing, quality assurance and logistics management of electronic components and semiconductor products. It operates through the following segments: Distribution of Electronic Components and Semiconductor Products; Distribution of Home Appliances and Business Equipment and Provision of Related Ancillary Services; and Rental Income from Investment Properties. Its products are used for mobile phone, consumer electronic, computer and networking, telecommunication, and light-emitting diode lighting products. The company was founded by Yuk Lun Yim in 1981 and is headquartered in Hong Kong.

Key Stats and Financials As of 2020
Market Capitalization
$4.3B
Total Enterprise Value
$3.57B
Earnings Per Share
$2.64
Revenue
$1.28B
Net Profit
$160M
EBITDA
$256M
EBITDAMargin
19.95%
Total Debt
$143M
Total Equity
$1.23B
Enterprise Value Sales
2.79x
Enterprise Value EBITDAOperating
13.42x
TEVNet Income
22.4x
Debt TEV
0.04x
Three Year Compounded Annual Growth Rate Of Revenue
-5.93%
Five Year Compounded Annual Growth Rate Of Revenue
6.93%
Non-Profit Donations & Grants
$1,000 - $2,499
2013
$5,000 - $10K
2013
Investments
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Magnum Semiconductor, Inc. provides silicon, modules, software and Internet Protocol. It provides line of products, tools, and technologies for the entire video content creation and distribution chain, from contribution and production through distribution over cable, satellite and IPTV to Over-the-Top video streaming. The company was founded by Jack Guedj on June 30, 2005 and is headquartered in Milpitas, CA.

Suppliers
Taiwan Semiconductor Manufacturing Co Ltd. Industrial Machinery & Manufacturing | Taiwan

Established in 1987, TSMC is the world's first dedicated semiconductor foundry. As the founder and a leader of the Dedicated IC Foundry segment, TSMC has built its reputation by offering advanced and "More-than-Moore" wafer production processes and unparalleled manufacturing efficiency. From its inception, TSMC has consistently offered the foundry segment's leading technologies and TSMC COMPATIBLE® design services. TSMC has consistently experienced strong growth by building solid partnerships with its customers, large and small. IC suppliers from around the world trust TSMC with their manufacturing needs, thanks to its unique integration of cutting-edge process technologies, pioneering design services, manufacturing productivity and product quality. The company's total managed capacity reached 15.1 million eight-inch equivalent wafers in 2012. TSMC operates three advanced 12-inch wafer fabs, four eight-inch wafer fabs, and one six-inch wafer fab in Taiwan. TSMC also manages two eight-inch fabs at wholly owned subsidiaries: WaferTech in the United States and TSMC China Company Limited. TSMC also obtains eight-inch wafer capacity from other companies in which the Company has an equity interest. To better manage its long-term strategic growth, TSMC is investing in lighting and solar energy related-industries. With differentiated technology offerings and unique value propositions, TSMC will aggressively pursue new opportunities in these fields. TSMC is listed on the Taiwan Stock Exchange (TWSE) under ticker number 2330, and its American Depositary Shares trade on the New York Stock Exchange (NYSE) under the symbol "TSM".

MagnaChip Semiconductor Corp. Semiconductors | Luxembourg, Luxembourg

MagnaChip Semiconductor Corp. engages in the design and manufacture of analog and mixed-signal semiconductor products. It operates through the following segments: Foundry Services Group and Standard Products Group. The Foundry Services Group segment provides specialty analog and mixed-signal foundry services for fabless and Integrated Device Manufacturer semiconductor companies. The Standard Products Group segment consists of Display Solutions, which offers panel display solutions to the suppliers of large, small and flexible panel displays and Power Solutions, which comprises discrete and integrated circuit solutions for power management in consumer, communication, and industrial applications. The company was founded on November 26, 2003 and is headquartered in Luxembourg.

Nepes Corp. Electrical Products | Eumseong-gun, South Korea

Nepes Corp. engages in the manufacture and sale of semiconductors. It operates through the Semiconductors and Electronic Materials business divisions. The Semiconductors division provides driver integrated circuit(IC)bumping and IC supplies. The Electronic Parts division offers developer and electromagnetic compatible chemical. The company was founded on December 27, 1990 and is headquartered in Eumseong-gun, South Korea.

Competitors
Qualcomm, Inc. Electrical Products - San Diego, California

QUALCOMM, Inc. engages in the development, design, and provision of digital telecommunications products and services. It operates through the following segments: Qualcomm CDMA Technologies (QCT), Qualcomm Technology Licensing (QTL), and Qualcomm Strategic Initiatives (QSI). The QCT segment develops and supplies integrated circuits and system software based on technologies for the use in voice and data communications, networking, application processing, multimedia, and global positioning system products. The QTL segment grants licenses and provides rights to use portions of the firm's intellectual property portfolio. The QSI segment focuses on opening new or expanding opportunities for its technologies and supporting the design and introduction of new products and services for voice and data communications. The company was founded by Franklin P. Antonio, Adelia A. Coffman, Andrew Cohen, Klein Gilhousen, Irwin Mark Jacobs, Andrew J. Viterbi, and Harvey P. White in July 1985 and is headquartered in San Diego, CA.

Analog Devices, Inc. Semiconductors - Norwood, MA

Analog Devices, Inc. (NASDAQ: ADI) defines innovation and excellence in signal processing. ADI's analog, mixed-signal, and digital signal processing (DSP) integrated circuits (IC) play a fundamental role in converting, conditioning, and processing real-world phenomena such as light, sound, temperature, motion, and pressure into electrical signals to be used in a wide array of electronic equipment. But that doesn't begin to capture the essence of what Analog Devices does for our customers, and ultimately for the end user.

Texas Instruments Incorporated Semiconductors - Dallas, Texas

Texas Instruments Incorporated engages in the design and manufacture semiconductor solutions for analog and digital embedded and application processing. It operates through the following segments: Analog, and Embedded Processing. The Analog segment semiconductors change real-world signals, such as sound, temperature, pressure or images, by conditioning them, amplifying them and often converting them to a stream of digital data that can be processed by other semiconductors, such as embedded processors. The Embedded Processing segment designed to handle specific tasks and can be optimized for various combinations of performance, power and cost, depending on the application. The company was founded by Cecil H. Green, Patrick Eugene Haggerty, John Erik Jonsson and Eugene McDermott in 1930and is headquartered in Dallas, TX.

Awards & Honors
Rank #8
2012
Forbes Magazine - 50 Best Small Companies 2012
Sponsored by Forbes Media LLC
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