The SVP of Supply Chain of Cirrus Logic is Exercising Options

By Carrie Williams

Yesterday it was reported that the SVP of Supply Chain of Cirrus Logic (CRUSResearch Report), Scott Arnold Anderson, exercised options to sell 16,000 CRUS shares at $38.99 a share, for a total transaction value of $1.1M.

Following Scott Arnold Anderson’s last CRUS Sell transaction on August 21, 2019, the stock climbed by 16.2%. In addition to Scott Arnold Anderson, 3 other CRUS executives reported Sell trades in the last month.

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Based on Cirrus Logic’s latest earnings report for the quarter ending September 30, the company posted quarterly revenue of $389 million and quarterly net profit of $76.21 million. In comparison, last year the company earned revenue of $366 million and had a net profit of $58.17 million. The company has a one-year high of $72.52 and a one-year low of $31.25. Currently, Cirrus Logic has an average volume of 705.60K.

The insider sentiment on Cirrus Logic has been negative according to 39 insider trades in the past three months. This sentiment is lower than the average sentiment of company insiders in this sector.

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Cirrus Logic, Inc. develops high-precision, analog and mixed-signal integrated circuits for a range of customers. It builds an analog and signal-processing patent portfolio. The firm delivers optimized products for a variety of audio, industrial and energy-related applications.