Cirrus Logic Inc. (CRUS) is a fabless semiconductor supplier, specializes in analog, mixed-signal, and audio DSP integrated circuits (ICs). As of 2015 Cirrus Logic has its headquarters in Austin, Texas. The company's audio processors and audio converters feature in many professional audio and consumer entertainment products, including smartphones, tablets, portable media players, automotive entertainment systems, home-theater receivers, televisions and docking stations. Cirrus Logic's analog mixed-signal converter chips are also used in a wide variety of energy-related applications, including its new line of LED controllers for the incandescent light-bulb replacement market, as well as energy-measurement chips for applications such as digital utility meters. Dr. Suhas Patil founded the company as "Patil Systems, Inc." in Salt Lake City in 1981; it adopted the name "Cirrus Logic" when it moved to Silicon Valley in 1984. Cirrus Logic has more than 1,000 patents and more than 600 products serving more than 2,500 end-customers globally.
To secure their audio domination, I think it will be $6 Billion that Apple pays for CRUS; reasonable?
Bought some CRUS on the back of strong iPhone sales (75% revenue from AAPL) They report Monday after the close and I am starting a position. Strength in iPhone sales is really encouraging and the disparity between CRUS and AAPL's stock price is really high so I think it has room to run. They are in nearly every apple product and apple hardware sales were great. If they have a good quarter Monday it will break its downtrend and go to the $70-$80 level in my opinion.
