SoFi shares rise as record revenue, member growth drive strong Q3 results
Scott Thomas, Executive Vice President and General Counsel at Cirrus Logic (NASDAQ:CRUS), sold 11,089 shares of common stock on September 18, 2025. The shares were sold at a price of $121.49, totaling $1,347,202. The transaction occurred as the stock trades near its 52-week high of $127.17, with the $6.3 billion company maintaining a perfect Piotroski Score of 9, indicating strong financial health. According to InvestingPro analysis, Cirrus Logic is currently trading below its Fair Value.
On the same day, Thomas also exercised options to acquire 11,089 shares of Cirrus Logic common stock at a price of $41.49 per share, for a total value of $460,082. For deeper insights into insider trading patterns and comprehensive financial analysis, including 13 additional ProTips, check out the detailed Pro Research Report available on InvestingPro.
In other recent news, Cirrus Logic reported impressive first-quarter results, with revenue reaching $407.3 million, surpassing Stifel’s estimate by 13.1%. Earnings per share also exceeded expectations by 38%, and the company provided guidance that was 8% to 10% above consensus for the next quarter. Following these strong financial results, Benchmark reiterated its Buy rating with a $125 price target. Stifel also maintained its Buy rating, raising the price target to $130 from $120, citing Cirrus Logic’s expanding opportunities in the laptop market driven by edge AI technology. Additionally, Cirrus Logic and GlobalFoundries announced an expansion of their partnership to develop new Bipolar-CMOS-DMOS process technologies, aimed at improving power efficiency and reducing chip size. This collaboration will include manufacturing at GlobalFoundries’ facility in Malta, New York. Stifel reaffirmed its Buy rating and $120 price target on Cirrus Logic, highlighting the significance of the expanded foundry partnership. These developments reflect Cirrus Logic’s strategic advancements and strong market position.
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