Thomas, Cirrus Logic EVP, sells $1.35 million in shares

Published 19/09/2025, 02:24
Thomas, Cirrus Logic EVP, sells $1.35 million in shares

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.

This article was generated with the support of AI and reviewed by an editor. For more information see our T&C.

Latest comments

Risk Disclosure: Trading in financial instruments and/or cryptocurrencies involves high risks including the risk of losing some, or all, of your investment amount, and may not be suitable for all investors. Prices of cryptocurrencies are extremely volatile and may be affected by external factors such as financial, regulatory or political events. Trading on margin increases the financial risks.
Before deciding to trade in financial instrument or cryptocurrencies you should be fully informed of the risks and costs associated with trading the financial markets, carefully consider your investment objectives, level of experience, and risk appetite, and seek professional advice where needed.
Fusion Media would like to remind you that the data contained in this website is not necessarily real-time nor accurate. The data and prices on the website are not necessarily provided by any market or exchange, but may be provided by market makers, and so prices may not be accurate and may differ from the actual price at any given market, meaning prices are indicative and not appropriate for trading purposes. Fusion Media and any provider of the data contained in this website will not accept liability for any loss or damage as a result of your trading, or your reliance on the information contained within this website.
It is prohibited to use, store, reproduce, display, modify, transmit or distribute the data contained in this website without the explicit prior written permission of Fusion Media and/or the data provider. All intellectual property rights are reserved by the providers and/or the exchange providing the data contained in this website.
Fusion Media may be compensated by the advertisers that appear on the website, based on your interaction with the advertisements or advertisers
© 2007-2025 - Fusion Media Limited. All Rights Reserved.