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Jeffrey W. Baumgartner, Executive Vice President of Research and Development at Cirrus Logic, Inc. (NASDAQ:CRUS), a $5.8 billion market cap semiconductor company with exceptional financial health (perfect Piotroski Score of 9 according to InvestingPro), sold 10,000 shares of common stock on September 2, 2025, for a total of $1,117,811. The sales were executed at a weighted average price of $111.7811, with individual prices ranging from $111.05 to $112.47.
On the same day, Baumgartner also exercised options to acquire 10,000 shares of Cirrus Logic common stock at a price of $38.34 per share, for a total value of $383,400.
Following these transactions, Baumgartner directly owns 14,001 shares of Cirrus Logic.
In other recent news, Cirrus Logic reported impressive first-quarter financial results, surpassing market expectations. The company achieved earnings per share of $1.51, significantly higher than the forecasted $1.08, and revenue of $407.3 million, exceeding expectations by 11.58%. Benchmark has maintained its Buy rating on Cirrus Logic, with a price target of $125, highlighting the company’s strong performance and guidance for the next quarter that is 8% to 10% above consensus. Stifel also reaffirmed its Buy rating and $120 price target, noting the revenue outperformance attributed to stronger smartphone unit volumes.
Additionally, Cirrus Logic and GlobalFoundries announced an expansion of their partnership to develop next-generation semiconductor technologies. This collaboration will focus on Bipolar-CMOS-DMOS process technology, which aims to improve power efficiency and reduce chip size. The manufacturing will be conducted at GlobalFoundries’ facility in Malta, New York, providing a U.S.-based production option. Stifel emphasized this expanded partnership in its analysis, reiterating its positive outlook on Cirrus Logic. These developments reflect Cirrus Logic’s strategic initiatives and robust financial performance in the recent period.
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