BlackRock Amends Cirrus Logic Stake, Maintains Passive Position
Ticker: CRUS · Form: SC 13G/A · Filed: Jan 24, 2024 · CIK: 772406
| Field | Detail |
|---|---|
| Company | Cirrus Logic, Inc. (CRUS) |
| Form Type | SC 13G/A |
| Filed Date | Jan 24, 2024 |
| Risk Level | low |
| Sentiment | neutral |
Complexity: simple
Sentiment: neutral
Topics: institutional-ownership, amendment, passive-investing
TL;DR
**BlackRock still owns a big chunk of Cirrus Logic, signaling institutional confidence.**
AI Summary
BlackRock Inc. filed an amended SC 13G/A on January 24, 2024, disclosing its ownership in Cirrus Logic Inc. as of December 31, 2023. This amendment (Amendment No. 2) indicates BlackRock's continued significant, but passive, stake in the semiconductor company. This matters to investors because BlackRock, as one of the world's largest asset managers, holding a substantial position signals confidence in Cirrus Logic's long-term prospects, potentially influencing other institutional investors.
Why It Matters
BlackRock's continued ownership in Cirrus Logic Inc. suggests institutional confidence, which can be a positive signal for current and prospective shareholders.
Risk Assessment
Risk Level: low — This filing is a routine update from a passive institutional investor and does not indicate any immediate risks or significant changes in company control.
Analyst Insight
Investors should view this as a routine update confirming BlackRock's continued, passive institutional ownership in Cirrus Logic Inc. It doesn't signal an immediate buy or sell, but rather a stable institutional presence.
Key Players & Entities
- BlackRock Inc. (company) — the reporting person and institutional investor
- Cirrus Logic Inc. (company) — the subject company, a semiconductor manufacturer
- December 31, 2023 (date) — the date of the event requiring this filing
- January 24, 2024 (date) — the filing date of the SC 13G/A
- Amendment No. 2 (number) — the specific amendment number of the filing
Forward-Looking Statements
- BlackRock will maintain a significant, passive stake in Cirrus Logic Inc. for the foreseeable future. (BlackRock Inc.) — high confidence, target: December 31, 2024
FAQ
What type of filing is this document?
This document is an SC 13G/A, which is an amendment to a Schedule 13G filing, as indicated by 'FORM TYPE: SC 13G/A' and 'Amendment No: 2' in the filing.
Who is the reporting person in this filing?
The reporting person is BlackRock Inc., as stated under 'FILED BY: COMPANY DATA: COMPANY CONFORMED NAME: BlackRock Inc.' in the filing.
What is the subject company of this filing?
The subject company is CIRRUS LOGIC, INC., as identified under 'SUBJECT COMPANY: COMPANY DATA: COMPANY CONFORMED NAME: CIRRUS LOGIC, INC.' in the filing.
What was the 'Date of Event Which Requires Filing of this Statement'?
The 'Date of Event Which Requires Filing of this Statement' was December 31, 2023, as explicitly stated in the filing.
Under which rule was this Schedule 13G filed?
This Schedule 13G was filed under Rule 13d-1(b), indicated by the 'X' next to '[X] Rule 13d-1(b)' in the filing.
Filing Details
This Form SC 13G/A (Form SC 13G/A) was filed with the SEC on January 24, 2024 regarding CIRRUS LOGIC, INC. (CRUS).