CRUS - Cirrus Logic Recent Insider Activity | Benzinga
On May 13, a recent SEC filing unveiled that Justin E Dougherty, SVP at Cirrus Logic (NASDAQ:CRUS) made an insider sell.
What Happened: A Form 4 filing with the U.S. Securities and Exchange Commission on Monday outlined that Dougherty executed a sale of 4,000 shares of Cirrus Logic with a total value of $431,400.
The latest update on Tuesday morning shows Cirrus Logic shares up by 3.19%, trading at $111.22.
Discovering Cirrus Logic: A Closer Look
Cirrus Logic Inc is a provider of integrated circuits for audio and voice signal processing applications. The firm's products are organized into two streams: portable audio products, and non-portable audio and other products. These products include analog and mixed-signal components targeting mobile devices, smart homes, and applications in the automotive, energy, and industrial markets. Roughly half of the firm's revenue is generated in China, with the rest coming from the United States, Europe, South Korea, and countries across the world.
A Deep Dive into Cirrus Logic's Financials
Decline in Revenue: Over the 3 months period, Cirrus Logic faced challenges, resulting in a decline of approximately -39.93% in revenue growth as of 31 March, 2024. This signifies a reduction ...