Cirrus Logic Bundle
Who Owns Cirrus Logic?
Understanding Cirrus Logic's ownership is key to grasping its strategic direction and governance. The company transitioned to public ownership through its IPO in 1989, opening its doors to a wider investor base.
Founded in 1981, Cirrus Logic has evolved significantly, focusing on low-power, high-precision mixed-signal processing solutions. Its product portfolio includes advanced audio components, integral to many consumer electronics.
As of July 2025, Cirrus Logic boasts a market capitalization of approximately $5.34 billion. The company reported trailing 12-month revenue of $1.9 billion as of March 31, 2025. This financial standing reflects its market position and the value investors place on its innovations, such as those analyzed in the Cirrus Logic BCG Matrix.
Who Founded Cirrus Logic?
Cirrus Logic's journey began in 1981 in Salt Lake City, Utah, under the initial name Patil Systems, Inc. It was established by Dr. Suhas Patil, laying the groundwork for what would become a significant player in the semiconductor industry.
Founding Vision
Dr. Suhas Patil founded the company in 1981, envisioning integrated circuit solutions for the emerging personal computer market.
Early Reorganization and Funding
In 1983, Patil, alongside Kamran Elahian and venture capitalist Fred Nazem, reorganized the company. Nazem and Company provided crucial initial start-up financing.
Name Change and Relocation
The company was renamed Cirrus Logic in 1984 and strategically relocated its headquarters to Silicon Valley.
Market Focus Shift
This move signaled a sharpened focus on developing solutions for the rapidly expanding PC components sector.
Leadership Transition
Michael Hackworth became president and CEO in January 1985, a role he maintained until February 1999, guiding the company's early growth.
Founder's Continued Role
Dr. Patil transitioned to chairman and executive vice-president of products and technology, maintaining his influence on the company's technical direction.
The early strategic decisions, including securing venture capital and aligning leadership with market opportunities, were pivotal in establishing the company's foundation. This period set the stage for understanding the Revenue Streams & Business Model of Cirrus Logic as it evolved.
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How Has Cirrus Logic’s Ownership Changed Over Time?
Cirrus Logic's journey as a publicly traded entity began with its initial public offering (IPO) on the Nasdaq market under the ticker symbol CRUS in 1989. This event marked a significant transition in its ownership structure, moving from private to public hands.
| Market Cap (Approx.) | Institutional Ownership | Number of Institutional Owners |
|---|---|---|
| $5.38 billion (July 2025) | 87.96% (August 1, 2025) | 951 (June 23, 2025) |
The ownership of Cirrus Logic is predominantly held by institutional investors and hedge funds, reflecting its status as a publicly traded company. As of August 1, 2025, these entities collectively own a substantial 87.96% of the company's stock. This widespread institutional ownership is further evidenced by the 951 institutional owners and shareholders who held a total of 61,050,068 shares as of June 23, 2025. Key players among these major Cirrus Logic investors include prominent firms like Vanguard Group Inc., BlackRock, Inc., LSV Asset Management, State Street Corp, and Mackenzie Financial Corp. The dynamic nature of Cirrus Logic stock ownership is highlighted by recent transactions; for example, Mackenzie Financial Corp increased its stake by 12.0% in the fourth quarter of 2024, now holding 1,835,186 shares valued at $182,748,000. Other significant institutional activity in the same period saw Castlekeep Investment Advisors LLC establish a new position worth $170,796,000, Norges Bank acquire a new position valued at $58,723,000, and Deutsche Bank AG expand its holdings by 139.4% to 586,733 shares, valued at $58,427,000. These shifts in major shareholding underscore the active investment strategies of large financial institutions, which can influence the company's market valuation and strategic direction through their voting power.
Understanding Cirrus Logic's Shareholder Landscape
The majority of Cirrus Logic's stock is held by large financial institutions. These entities play a significant role in the company's market performance and governance.
- Cirrus Logic is a publicly traded company.
- Institutional investors hold nearly 88% of the company's shares.
- Major shareholders include Vanguard Group, BlackRock, and State Street.
- Recent investment activity shows shifts in holdings by key financial firms.
- Understanding these stakeholders is crucial for analyzing Cirrus Logic ownership.
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Who Sits on Cirrus Logic’s Board?
Cirrus Logic's corporate governance is guided by a Board of Directors responsible for the company's strategic direction and oversight. As of May 28, 2024, the board comprises seven members, with directors elected annually by stockholders. Each outstanding share of common stock, totaling 53,450,716 as of that date, carries one vote, establishing a one-share-one-vote principle.
| Board Member Role | Election Support (Fiscal Year 2025) |
| CEO | 100% 'For' votes |
| Chair | 97% 'For' votes |
Stockholder participation is encouraged through various voting methods, including virtual meetings, telephone, internet, and proxy card submission. The Board of Directors also holds responsibility for overseeing the company's environmental, social, and governance (ESG) initiatives, including climate-related risks, with specific duties delegated to its Audit, Compensation and Human Resources, and Governance and Nominating committees. While the specific holdings of major shareholders and individuals occupying independent director seats are detailed in proxy statements, the voting structure ensures that each share of common stock holds equal voting power, reflecting a commitment to shareholder democracy. Understanding this structure is key to grasping Cirrus Logic ownership dynamics.
Understanding Cirrus Logic's Shareholder Influence
The voting power within Cirrus Logic is directly tied to the number of common shares held. This system allows for broad participation in corporate decisions, with each share granting one vote.
- One-share-one-vote structure for common stock.
- Stockholders can vote via virtual meetings, phone, internet, or proxy.
- Board oversees ESG programs and climate-related risks.
- High 'For' votes for CEO and Chair indicate strong board support.
- Detailed ownership information is available in annual proxy statements, crucial for understanding Cirrus Logic shareholders.
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What Recent Changes Have Shaped Cirrus Logic’s Ownership Landscape?
Recent developments in Cirrus Logic's ownership profile over the past 3-5 years show a dynamic landscape influenced by strategic financial actions and significant institutional backing. The company continues to actively manage its capital structure through share repurchases, reflecting management's confidence in the company's valuation.
| Fiscal Year | Revenue | Year-over-Year Revenue Growth | Customer Concentration (Primary Customer) |
|---|---|---|---|
| 2024 | $1.79 billion | N/A | 89% (Estimated) |
| 2025 | $1.90 billion | 6% | 89% |
The company's commitment to returning value to shareholders is evident in its ongoing share buyback programs. In March 2025, the Board of Directors authorized an additional $500 million for common stock repurchases, allowing for the acquisition of up to 9.6% of outstanding shares. This follows substantial buybacks, with $99.98 million executed as of March 31, 2025, and a total of $260.94 million repurchased between March 31, 2024, and March 31, 2025. This aggressive buyback strategy often indicates that management believes the company's stock is undervalued, aiming to boost earnings per share and shareholder returns.
Shareholder Activity
The company has a significant share repurchase program in place. Management believes its stock is undervalued, driving buyback initiatives.
Revenue Performance
Fiscal year 2025 revenue reached $1.90 billion, a 6% increase driven by smartphone volumes and new product introductions.
Customer Concentration
While serving over 3,200 customers, a substantial 89% of revenue in 2025 was generated from a single major client, highlighting a key dependency.
Institutional Investment
Institutional investors hold a commanding 87.96% of the company's stock as of August 1, 2025, with major firms like Vanguard and BlackRock maintaining significant positions. This strong institutional ownership underscores confidence in the company's financial health and future prospects, supporting its Growth Strategy of Cirrus Logic.
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