StockIceMan's Weekly Stock Pick
Week of
May 9, 2005
| Stock: |
Cirrus Logic, Inc.
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| Ticker Symbol: |
CRUS - Nasdaq - Semiconductors |
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| Buy: |
4.50 to 4.75 |
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| Sell: |
6.00 |
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Info: |
Cirrus Logic, Inc. is a
supplier of analog or mixed-signal and digital
processing integrated circuits (ICs) and
solutions for consumer entertainment, automotive
entertainment and industrial applications. The
Company develops and markets ICs and embedded
software used by original equipment
manufacturers (OEMs). It provides system
reference designs, based on its technology that
enables customers to bring products to market in
a timely and cost-effective manner. The product
categories were Audio, which include analog and
mixed-signal products, digital home audio
processors and digital portable processors,
commercial audio processors, automotive audio
solutions and Video, which include digital video
products for digital video disc (DVD)
recorders/receivers and home theater recorder
systems. During the fiscal year ended March 27,
2004, (fiscal 2004), it announced its
third-generation of MPEG encoding chips, the
CS9268X family and a chipset and software
platform, the Home Theater Recorder. |
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| Financial Info: |
For the fiscal year ended
3/26/05, revenues fell 1% to $194.9 million. Net
loss totaled $13.4 million vs. an income of
$46.5 million |
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| Key Ratios: |
Current
Ratio: 4.93, Total Debt/Equity:0.00, Trailing
P/E: N/A, Forward P/E: 15.67x, Price/Book:
1.89, Price/Sales: 1.98 |
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| Share Info: |
There are 85.09
million shares outstanding with 84.10
million shares in the trading
float. Institutions own
approximately 64.69% of the shares outstanding.
There have been 1 insider purchases totaling
20,000 shares and 0 insiders sales in the last six months.
Real-Time SEC
Filings
As of 4/8/2005, there were 2.51 million shares short.
Net Institutional Buying: : 2.727 million
shares prior to latest
quarter. |
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| Articles: |
Cirrus Logic Receives $25
Million in Litigation Settlement with Fujitsu,
Amkor, and Sumitomo Bakelite |
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