Cirrus Logic EVP Jeffrey Baumgartner sells $137,459 in CRUS stock

Executive Vice President of Research and Development at Cirrus Logic, Jeffrey Baumgartner, divested $137,459 worth of CRUS stock on August 20, 2026. The transaction entailed the sale of 1,166 shares at $117.89 per share, leaving him with 14,073 shares. Since the sale, Cirrus Logic's stock has plummeted, trading near its 52-week low of $109.88.

Analysts from InvestingPro suggest the company may be undervalued, hinting at potential gains from current price levels. This sale was carried out under a pre-approved Rule 10b5-1 trading plan, which Baumgartner had established on February 27, 2026. Subscribers to InvestingPro gain access to 13 exclusive insights about CRUS, in addition to thorough Pro Research Reports for over 1,400 US equities, providing actionable intelligence.

Cirrus Logic reported its first-quarter fiscal 2027 earnings on the same day, achieving $459.7 million in revenue, a 13% increase from the prior year, but slightly below Wall Street's anticipated $460.0 million. While the revenue growth was commendable, the company's shares fell short of analyst expectations, and the stock experienced a minor decline.

Despite this, the company reported adjusted earnings of $1.84 per share, exceeding the forecasted $1.82 per share. Stifel, which maintains a Buy rating on Cirrus Logic, adjusted its price target from $197 to $160 due to the revenue guidance. The semiconductor firm highlighted that this was a record first quarter for fiscal 2027, but the market's reaction seemed more influenced by the revenue shortfall and mixed outlook than the earnings beat. This information is supported by AI technology and reviewed by a human editor.