Cirrus Logic EVP Sells Shares in Planned Transaction

Jeffrey Baumgartner, Executive Vice President of Research and Development at Cirrus Logic, Inc. (NasdaqGS: CRUS), sold 1,170 shares of the company's stock on June 22, 2026. This planned sale was executed at an average price of $168.23 per share, amounting to a total transaction value of $196,829.10.

Insider Buying and Selling at Cirrus Logic, Inc.

On June 22, 2026, Jeffrey Baumgartner, EVP of R&D at Cirrus Logic, sold 1,170 shares in a planned transaction at $168.23 per share. Earlier in June, Scott Thomas, EVP and General Counsel, also engaged in multiple transactions, including a sale of 1,300 shares at $180.04 per share and a purchase of the same amount at $78.00 per share.

Other Institutional Activity in Cirrus Logic

BlackRock, Inc. increased its holdings in Cirrus Logic by 292,824 shares, bringing its total to 5,244,178 shares valued at approximately $758.41 million. Vanguard Portfolio Management LLC opened a new position with 3,780,326 shares worth about $546.71 million. LSV Asset Management slightly reduced its stake by 43,501 shares, leaving it with 2,312,744 shares valued at $334.47 million. Meanwhile, Vanguard Capital Management LLC also initiated a new position, holding 2,297,704 shares valued at $332.29 million.

Cirrus Logic, Inc. Stock Up 45.4%

Shares of Cirrus Logic traded near $157.78 on Thursday. The company has a market capitalization of approximately $8.35 billion and a P/E ratio of 21.07. Its forward P/E stands at 17.45, with a beta of 1.143, indicating moderate volatility. The stock's 52-week range is between $92.02 and $180.42, with a 50-day moving average of $166.53 and a 200-day moving average of $137.80. Cirrus Logic's strong financials are reflected in its current ratio of 7.37 and a quick ratio of 5.69.

Recent Earnings

Cirrus Logic reported revenue of about $2.00 billion, reflecting a growth rate of 5.7%. The company achieved a net margin of 20.75% and a return on equity of 20.33%. Earnings per share were $7.85, with the next earnings report expected on August 4, 2026.

Analysts Set New Price Targets

On May 7, 2026, Barclays maintained its 'hold' rating with a price target of $140. Keybanc also maintained its 'buy' rating, setting a price target of $200. The analyst consensus for Cirrus Logic remains a 'buy', with a mean target price of $184.25 based on four analyst opinions.

About Cirrus Logic

Cirrus Logic, Inc., headquartered in Austin, Texas, is a fabless semiconductor company specializing in mixed-signal processing solutions and audio products. It serves various markets, including consumer electronics, automotive, and industrial applications. The company offers a range of products such as amplifiers, codecs, smart codecs, and digital signal processors. Led by CEO John M. Forsyth, Cirrus Logic employs approximately 1,651 people.

Bottom Line

Jeffrey Baumgartner's recent sale of Cirrus Logic shares was part of a planned transaction, reflecting personal financial strategies rather than company performance. Investors keep an eye on such transactions for potential insights into executive sentiment. As always, it's important to note that insider sales can occur for many reasons unrelated to a company's outlook.