Yahoo Finance Insider Sale: Director Alexander Davern Sells Shares of Cirrus Logic Inc (CRUS)
Director Alexander Davern of Cirrus Logic Inc (NASDAQ:CRUS) executed a sale of 1,000 shares of the company on May 29, 2024, according to a recent SEC Filing. Following this transaction, the insider now owns 19,332 shares of the company.
Cirrus Logic Inc is a premier supplier of high-precision analog and digital signal processing components for audio and energy markets. The company's products are found in a range of audio and energy applications including smartphones, tablets, digital headsets, and consumer and professional audio systems.
Over the past year, Alexander Davern has sold a total of 1,000 shares and has not purchased any shares. The insider transaction history for Cirrus Logic Inc shows a total of 8 insider sells and 0 insider buys over the same timeframe.
Shares of Cirrus Logic Inc were trading at $115.85 on the day of the transaction. The company has a market cap of $6.19 billion. The price-earnings ratio of the stock is 23.28, which is lower than the industry median of 33.42.
The stock's GF Value is $88.28, indicating a price-to-GF-Value ratio of 1.31. This suggests that Cirrus Logic Inc is modestly overvalued based on its GF Value.
The GF Value is calculated considering historical multiples such as price-earnings ratio, price-sales ratio, price-book ratio, and price-to-free cash flow, along with a GuruFocus adjustment factor based on past returns and growth, and future business performance estimates from Morningstar analysts.
This article, generated by GuruFocus, is designed to provide general insights and is not tailored financial advice. Our commentary is rooted in historical data and analyst projections, utilizing an impartial methodology, and is not intended to serve as specific investment guidance. It does not formulate a recommendation to purchase or divest any stock and does not consider individual investment objectives or financial circumstances. Our objective is to deliver long-term, fundamental data-driven analysis. Be aware that our analysis might not incorporate the most recent, price-sensitive company announcements or qualitative information. GuruFocus holds no position in the stocks mentioned herein.
This article first appeared on GuruFocus.
