CIRRUS LOGIC, INC.
No SEC Form 4 filings for $CRUS in the last 30 days.
Cirrus Logic EVP Justin Dougherty sold 2,000 shares on May 21 at an average $166.50, totaling $333,000, according to an SEC filing. After the sale, he held 4,537 shares (~$755,410), a 30.6% ownership decrease. The article also notes CRUS rose 4.2% to $178.30 and that May 6 earnings beat consensus.
Cirrus Logic (CRUS) shares surged 7.2% following news that Apple (AAPL) is adding the company's components to an additional device. This development implies potential for increased revenue from Apple, a major customer, strengthening Cirrus Logic's market position.
Cirrus Logic Inc. has seen a 5.32% stock increase after being named among Fast Company’s ‘Most Innovative Companies’ for its Corporate Social Responsibility (CSR) initiatives. Barclays has also raised its price target for Cirrus Logic from $110 to $120, citing updated semiconductor sector estimates and strong handset demand. The company demonstrates robust financial health with $1.9 billion in revenue and a 20.47% profit margin.
