Cirrus Logic, Inc. (CRUS)

Over the past six months, Cirrus Logic's stock has experienced several notable events. The company reported strong financial results for its fiscal third quarter of 2026, surpassing both earnings and revenue expectations, which led to a sharp increase in shares. Cirrus Logic's stock rose following Apple's inclusion of the company in its U.S. manufacturing program. Cirrus Logic shares fell due to surging oil prices and stagflation concerns. Cirrus Logic insiders have sold more company stock than they have bought, with sales totaling approximately $3.84 million.

Cirrus Logic's demand exhibits seasonality, largely influenced by the consumer electronics market and its reliance on Apple's product cycles. The company has noted entering a "seasonally softer March quarter." Demand for Cirrus Logic's products is closely tied to Apple's product launch cycles, especially for iPhones. Stronger demand periods often align with new smartphone releases, typically in the latter half of the calendar year, followed by softer periods.

Cirrus Logic, Inc. is an American fabless semiconductor supplier specializing in analog, mixed-signal, and audio DSP integrated circuits. The company operates in the semiconductor sector, focusing on General Purpose Semiconductors, with a presence in Electrical Equipment and Application Specific Semiconductors. Its product portfolio includes audio ICs and High-Performance Mixed-Signal products, used in various consumer electronics. The business model centers on designing and selling high-performance ICs to OEMs, with Apple being a significant customer, accounting for 89% of the company's revenue in 2025 and a record 94% of quarterly revenue in a recent quarter.

Cirrus Logic, Inc. is headquartered in Austin, Texas, USA, which serves as its central hub. The company has a global presence with operations and business activities spanning multiple countries. Its key markets include North America, Europe, and the Asia-Pacific region. It has a strong presence in China with offices in Shanghai and Shenzhen, and a significant footprint in Japan, South Korea, and Taiwan for sales, marketing, technical support, engineering, and manufacturing-related activities.

Cirrus Logic has maintained a positive brand reputation over the past year. Cirrus Logic was named to Fast Company's 2025 Best Workplaces for Innovators list. The company was also included in Fast Company's prestigious list of the World's Most Innovative Companies of 2026. Cirrus Logic is known as a trusted partner to leading global technology brands, delivering expertise in audio and mixed-signal processing.

The ownership of Cirrus Logic stock is predominantly held by institutional investors, ranging from approximately 83.98% to 87.96% of the company's stock. Insiders hold a smaller percentage, between 0.59% and 1.16%. Public companies and individual investors hold the remaining shares. Major institutional owners include Vanguard Group Inc., BlackRock, Inc., and State Street Corp.