Analysts Update Cirrus Logic Ratings Amid Insider Selling Activity

Several analysts have recently revised their ratings and price targets for **Cirrus Logic, Inc.** (NASDAQ: CRUS), a company known for its innovative semiconductor solutions. This update comes alongside notable insider trading activities, raising questions about executive confidence in the company’s future performance.

Insider Trading Highlights

On **October 20, 2023**, **Scott Thomas**, Executive Vice President of Cirrus Logic, sold **734 shares** of the company’s stock at an average price of **$131.25**. This transaction totaled **$96,337.50**, resulting in a **2.71%** decrease in his holdings. After this sale, Thomas retains **26,307 shares**, valued at approximately **$3,452,793.75**. The details of this transaction were disclosed in a filing with the **Securities & Exchange Commission** (SEC), which can be accessed through their official website.

In a separate transaction, on **September 15, 2023**, **Denise Grode**, another Executive Vice President, sold **2,202 shares** at an average price of **$116.87**, amounting to **$257,347.74**. Following this sale, Grode now owns **5,698 shares** valued at around **$665,925.26**, marking a significant **27.87%** decrease in her shareholding. This information is also available in the SEC disclosure.

In total, insiders have sold **42,100 shares** of Cirrus Logic stock over the past 90 days, with a combined value of **$4,979,310**. Currently, corporate insiders hold **1.16%** of the company’s total stock.

Business Overview

Cirrus Logic operates as a **fabless semiconductor company**, specializing in low-power, high-precision mixed-signal processing solutions. The company’s products span multiple markets, including audio devices and emerging technologies. Among its offerings are amplifiers, codecs that integrate analog-to-digital converters (ADCs) and digital-to-analog converters (DACs) into a single integrated circuit (IC), as well as smart codecs featuring integrated digital signal processing.

The firm’s **SoundClear technology** enhances user experiences across various devices, providing features such as high-fidelity sound, audio playback, voice capture, and hearing augmentation. These applications are crucial for smartphones, tablets, laptops, AR/VR headsets, home entertainment systems, automotive entertainment systems, and professional audio setups.

With these recent developments, stakeholders and analysts will be keenly observing Cirrus Logic’s performance and market position as they navigate a rapidly evolving technology landscape. For those interested in staying updated, MarketBeat.com offers a free daily email newsletter summarizing the latest news and analysts’ ratings for Cirrus Logic and similar companies.