Baumgartner Jeffrey W sold $126K of CRUS

Cirrus Logic stock rose 1.6% in pre-market trading after Apple's foldable iPhone Duo saw strong pre-order demand. The company, which generates 80% of its revenue from Apple, benefited despite a KeyBanc downgrade citing potential iPhone unit volume declines and delayed PC diversification. The stock opened at $105.15, near its 52-week low, before recovering to $110.15. The move contrasts with a mixed broader market, with the NASDAQ down 0.3% due to higher-than-expected CPI data.

Cirrus Logic (CRUS) confirmed it made acquisition proposals for Synaptics (SYNA) and is 'Party A' in Synaptics' merger filings with ON Semiconductor. However, it stated it is not currently pursuing a deal. The disclosure clarifies Cirrus' role in the process, affecting investor expectations about potential M&A and capital allocation.

Cirrus Logic (CRUS) withdrew its bid for Synaptics (SYNA), clearing the way for Onsemi's acquisition. CRUS is trading at $107.99, undervalued by 14.9% according to GF Value™, with a GF Score™ of 86/100. Insider activity shows $13.6M in sales over 12 months. CRUS has a market cap of $5.41B and operates in the semiconductor sector.

Cirrus Logic has abandoned plans to acquire Synaptics. The company recently acquired INVENTVM, a fabless semiconductor firm. Cirrus Logic's stock has seen a 5-day increase of 1.56% but a year-to-date decline of 11.01%.

Cirrus Logic (CRUS) confirmed it made takeover offers for Synaptics (SYNA) but is no longer pursuing a transaction. This follows Onsemi's (ON) $5.7B all-cash deal for Synaptics at $123 per share.

Cirrus Logic (CRUS) confirmed it made takeover bids for Synaptics (SYNA), according to an 8-K filing. The disclosure identified CRUS as 'Party A' in a proxy filing related to Onsemi's pending deal for SYNA.