Austin, TX – Scott Thomas, Executive Vice President and General Counsel at Cirrus Logic, Inc. (NASDAQ:CRUS), sold 1,300 shares of the company’s common stock on June 3, 2026, according to a recent SEC filing. The transactions totaled $234,052.
The shares were sold at a weighted average price of $180.04 per share, with individual sales occurring within a price range of $180.00 to $180.12. This sale was conducted under a Rule 10b5-1 trading plan, which Mr. Thomas adopted on November 14, 2025.The timing of the sale is notable, as InvestingPro data shows Cirrus Logic is trading near its 52-week high of $180.42, with the stock delivering a 77% return over the past year. According to InvestingPro’s analysis, the stock appears slightly undervalued relative to its Fair Value. Investors can access 13 additional ProTips and comprehensive financial metrics on the platform.
Prior to the sale, Mr. Thomas acquired 1,300 shares of common stock through the exercise of non-qualified stock options at a price of $78.00 per share, totaling $101,400. These options, which were fully vested and exercisable as of March 3, 2025, had an expiration date of March 3, 2031.
Following these transactions, Mr. Thomas directly holds 31,048 shares of Cirrus Logic common stock and retains 4,642 non-qualified stock options.
In other recent news, Cirrus Logic Inc. reported impressive financial results for Q4 2026. The company exceeded earnings per share (EPS) expectations, reporting $1.95 against the forecasted $1.75. Revenue also surpassed projections, reaching $448.5 million compared to the anticipated $440.44 million. These results reflect a positive performance for the company in the latest quarter. Additionally, Stifel reiterated its Buy rating on Cirrus Logic, maintaining a price target of $197.00. The firm noted the company’s strategic positioning in edge artificial intelligence applications, particularly emphasizing voice-enabled interactions in personal computers. Cirrus Logic has introduced a new component aimed at enhancing voice interfaces for AI-enabled PCs, garnering significant interest from major original equipment manufacturers and PC platform vendors. These developments highlight Cirrus Logic’s ongoing efforts to innovate and expand its market presence.