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Cirrus Logic EVP Sells 3000 Shares as Company Experiences High Executive Transactional Activity
The Motley Fool· 2026-02-22 01:31
Core Insights - Cirrus Logic has seen significant insider transactions following a strong earnings report, indicating confidence among executives in the company's future performance [1][8] - The stock has increased by 18% in 2026, building on a similar rise in 2025, suggesting strong long-term growth potential [9] Company Overview - Cirrus Logic is a fabless semiconductor provider specializing in mixed-signal processing solutions and audio products for various applications, including consumer electronics and automotive [6] - The company's current market capitalization is approximately $7.25 billion, with a revenue of $1.97 billion and a net income of $403.87 million for the trailing twelve months [3][6] Insider Transactions - Justin E. Dougherty, EVP of Global Operations, sold 3,000 shares for about $429,000, which represents 33.80% of his direct holdings [2][5] - Other executives also engaged in transactions after the Q3 2026 earnings report, primarily involving pre-scheduled stock options or units [8] Financial Performance - Cirrus Logic reported record net income and earnings per share (EPS) in its latest earnings report, contributing to the positive sentiment among executives [8] - The stock's performance and strong financials position Cirrus Logic for potential substantial long-term growth [9]