Mackenzie Financial Amends Cirrus Logic Stake Filing
Ticker: CRUS · Form: SC 13G/A · Filed: Feb 13, 2024 · CIK: 772406
| Field | Detail |
|---|---|
| Company | Cirrus Logic, Inc. (CRUS) |
| Form Type | SC 13G/A |
| Filed Date | Feb 13, 2024 |
| Risk Level | low |
| Sentiment | neutral |
Complexity: simple
Sentiment: neutral
Topics: institutional-ownership, amendment, SC-13G, investor-update
TL;DR
**Mackenzie Financial updated its Cirrus Logic stake, signaling a change in its holding.**
AI Summary
Mackenzie Financial Corporation, a Canadian investment firm, filed an amended SC 13G/A on February 14, 2024, indicating a change in its ownership of Cirrus Logic Inc. common shares as of December 31, 2023. This filing, an amendment number two, shows Mackenzie Financial Corporation is reporting under Rule 13d-1(c), typically used by institutional investors who are not beneficial owners of more than 5% of a class of securities. This matters to investors because it provides transparency into significant institutional holdings and any shifts, which can influence market perception and liquidity for Cirrus Logic Inc. stock.
Why It Matters
This filing provides transparency into institutional ownership changes, which can signal shifts in investor confidence or strategy regarding Cirrus Logic Inc.
Risk Assessment
Risk Level: low — This filing is a routine disclosure of institutional ownership and does not inherently indicate a high level of risk for the company or its investors.
Analyst Insight
An investor should note this filing as a routine update on institutional ownership. While it doesn't provide specific share counts in the provided text, the amendment indicates a change in Mackenzie Financial Corporation's position in Cirrus Logic Inc. shares. Smart investors would look for the full filing to understand the exact change in share count and percentage owned to assess the significance of this institutional activity.
Key Players & Entities
- Mackenzie Financial Corporation (company) — the reporting person filing the SC 13G/A
- Cirrus Logic Inc. (company) — the subject company whose securities are being reported
- December 31, 2023 (date) — the date of the event requiring the filing
- February 14, 2024 (date) — the date the SC 13G/A was filed
- 172755100 (number) — the CUSIP number for Cirrus Logic Inc. Common Shares
FAQ
What type of filing is this document?
This document is an SC 13G/A, which is an amendment to a Schedule 13G filing, specifically Amendment No. Two, as stated in the filing.
Who is the reporting person in this filing?
The reporting person is Mackenzie Financial Corporation, as identified in Item 1 of the Schedule 13G cover page.
What is the subject company whose securities are being reported?
The subject company is Cirrus Logic Inc., as stated under 'Name of Issuer' on the Schedule 13G.
What was the date of the event that required this filing?
The date of the event which required the filing of this statement was December 31, 2023, as indicated on the Schedule 13G.
Under which rule is Mackenzie Financial Corporation filing this Schedule 13G/A?
Mackenzie Financial Corporation is filing this Schedule 13G/A under Rule 13d-1(c), as indicated by the 'x' in the appropriate box on the cover page.
Filing Details
This Form SC 13G/A (Form SC 13G/A) was filed with the SEC on February 13, 2024 regarding CIRRUS LOGIC, INC. (CRUS).