Cirrus Logic EVP Sells 1,166 Shares for $137,460
Key Points
The disposition involved 1,166 shares executed at $117.89 per share for a total value of ~$137,460.
The transaction reduced the insider's total direct equity holdings by 8%.
This was a direct sale of common stock; no indirect ownership through trusts or other entities was reported.
The activity was conducted under a Rule 10b5-1 trading plan, representing a scheduled liquidity event rather than a discretionary trade.
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Jeffrey W. Baumgartner, EVP, R&D of Cirrus Logic, Inc. (NASDAQ:CRUS), sold 1,166 shares of common stock on Aug. 20, 2026, as disclosed in a recent SEC Form 4 filing.
Transaction summary
| Metric | Value |
|---|---|
| Transaction value | ~$137,460 |
| Shares sold | 1,166 |
| Post-transaction shares (directly held) | 14,073 |
| Post-transaction value | $1.65 million |
Transaction value based on SEC Form 4 weighted average sale price ($117.89); post-transaction value based on Aug. 20, 2026, market close ($116.90).
Key questions
- What was the regulatory context of this disposition?
The sale was executed pursuant to a Rule 10b5-1 trading plan that Jeffrey W. Baumgartner adopted on Feb. 27, 2026, which allows insiders to establish a predetermined schedule for selling company stock to mitigate concerns about material non-public information. - What is the insider's remaining equity exposure in the company?
Following this transaction, the EVP of R&D maintains direct ownership of 14,073 shares of common stock, representing an approximate 0.0279% ownership stake in the semiconductor firm. - How has the stock performed leading up to this transaction?
Shares of the company were priced at $117.89 during the execution, and the stock has delivered a 3.6% total return over the one year ending Aug. 20, 2026. - What are the fundamental characteristics of the issuer?
Cirrus Logic reported trailing twelve-month (TTM) revenue of $2.0 billion and net income of $431 million, maintaining a market capitalization of $5.9 billion as of the most recent data.
Company Overview
| Metric | Value |
|---|---|
| Share Price (as of market close 2026-08-21) | $115.33 |
| Market Capitalization | $5.9 billion |
| Revenue (TTM) | $2.0 billion |
| Net Income (TTM) | $430.6 million |
Company Snapshot
- Cirrus Logic designs energy-efficient mixed-signal semiconductor solutions, including audio codecs and smart codecs with integrated digital signal processors, serving the portable electronics market globally.
- The company operates as a fabless semiconductor design firm, outsourcing manufacturing while retaining design and engineering expertise to generate revenue through intellectual property licensing and chip sales.
- The company primarily serves consumer electronics manufacturers, including major portable device manufacturers, with specialized audio processing and signal conditioning solutions.
Cirrus Logic is a specialized semiconductor design company with a $5.9 billion market capitalization and $2 billion in TTM revenue, demonstrating strong profitability with $431 million in net income.
The company's fabless business model and focus on energy-efficient mixed-signal processing provide competitive advantages in the high-growth portable electronics segment, where precision audio and power management solutions command premium valuations.
What this transaction means for investors
This sale shouldn't concern investors. It was completed under a pre-adopted trading plan that allows insiders to sell regardless of the company's fundamentals. It also represented a small percentage of the insider's holdings in the company stock.
Importantly, TTM revenue grew 6% year over year -- consistent with the company's historical growth trend. Operating margin has also gradually expanded over the last few years, reaching 23% in 2025 and maintaining that level on a TTM basis.
The stock is modestly priced, trading at 13 times forward earnings estimates. Analysts still expect the company to post about 12% annualized earnings growth over the next two years. This could set up a buying opportunity after the recent pullback.
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John Ballard has no position in any of the stocks mentioned. The Motley Fool recommends Cirrus Logic. The Motley Fool has a disclosure policy.
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