Jeffrey W. Baumgartner, Executive Vice President of Research and Development at Cirrus Logic Inc., sold 1,166 common shares on August 20 for a total of $137,459 under a Rule 10b5-1 trading plan adopted in February 2026. The sale price of $117.89 per share left Baumgartner with 14,073 shares remaining in his direct holdings.
The transaction followed Cirrus Logic’s first-quarter fiscal 2027 results, which reported revenue of $459.7 million, a 13% year-over-year increase but slightly below the $460.0 million consensus. Adjusted earnings per share reached $1.84, exceeding the $1.82 forecast.
Shares of Cirrus Logic, which had been trading near a 52-week low of $109.88, pulled back to $111.64 after the insider sale. Stifel maintained its buy rating on the stock but reduced its price target from $197 to $160, citing revised revenue projections. InvestingPro analysis described the company as undervalued, suggesting potential upside from current levels.
