Scott Thomas, who serves as Executive Vice President and General Counsel at Cirrus Logic, INC. (NASDAQ:CRUS), sold 9,942 shares of the company’s common stock on April 9, 2026, for approximately $1.59 million. The stock disposals were carried out at a weighted average price of $160.11, with individual sale prices recorded between $160.00 and $160.30.
The timing of the sale coincided with Cirrus Logic shares trading close to their 52-week high of $160.66 following an 88% gain over the prior 12 months. On the same calendar day, Thomas also exercised stock options to acquire 9,942 shares at an exercise price of $68.56, representing a cash outlay of $681,623 for the option exercise.
Both the sale and the option exercise were executed under a pre-arranged Rule 10b5-1 trading plan that Thomas adopted on November 14, 2025. After completing these transactions, Thomas directly holds 30,393 shares of Cirrus Logic common stock.
An analysis cited in connection with these filings indicates the stock remains undervalued relative to its Fair Value, with a reported price-to-earnings ratio of 21.14.
Cirrus Logic’s recent corporate results featured a fiscal third-quarter revenue figure of $580.6 million. That total marked a 3.5% increase compared with the prior quarter and exceeded Stifel’s estimate by 9.6%. Reported earnings per share for the period also beat consensus estimates by roughly 22%, a performance the company attributed in part to record quarterly iPhone shipments.
Following the quarterly report, several equity research firms adjusted their views and price targets for the shares. Benchmark raised its price target to $160 and maintained a Buy rating. Stifel increased its target to $163 and reiterated its positive stance. KeyBanc also lifted its price target to $175, citing stronger iPhone demand as a material factor supporting the outlook.
Alongside the financial results and analyst updates, Cirrus Logic was identified as a key partner in an expansion of Apple’s American Manufacturing Program, which involves a $400 million investment. That partnership was specifically noted by Stifel in the context of its coverage and ratings on the company.
The combination of executive transactions, option activity executed under a Rule 10b5-1 plan, favorable quarterly results and multiple analyst price-target increases frames the most recent investor developments for Cirrus Logic. After these actions, Thomas remains a direct shareholder with a stake of 30,393 shares.