SCHEDULE 13G/A: BlackRock Amends Filing, Discloses 9.1% Stake in Cirrus Logic Inc.

BlackRock, Inc. has filed an amended Schedule 13G, revealing a 9.1% beneficial ownership stake in semiconductor company Cirrus Logic Inc. as of March 31, 2025.

Summary

• BlackRock, Inc. has filed an Amendment No. 3 to its Schedule 13G, disclosing its beneficial ownership in Cirrus Logic Inc. Common Stock.
• As of March 31, 2025, BlackRock, Inc. beneficially owns an aggregate of 4,856,306 shares of Cirrus Logic Inc. Common Stock.
• This aggregate amount represents 9.1% of the class of securities outstanding.
• BlackRock, Inc. holds sole voting power over 4,729,009 shares and sole dispositive power over 4,856,306 shares.
• No shared voting or dispositive power is reported.
• The filing was made under Rule 13d-1(b), indicating that the securities were acquired and are held in the ordinary course of business and not for the purpose of changing or influencing control of the issuer.
• BlackRock Fund Advisors, a subsidiary of BlackRock, Inc., is specifically noted as beneficially owning 5% or greater of the outstanding shares.

Sentiment

Score: 6

Explanation: The sentiment is moderately positive due to a major institutional investor disclosing a significant stake, which can be seen as a vote of confidence, although the document itself is purely factual and regulatory.

Positives

• BlackRock, Inc., a prominent institutional investor, has disclosed a significant beneficial ownership stake of 9.1% in Cirrus Logic Inc., which may be interpreted as a vote of confidence in the company's prospects.
• The filing indicates that BlackRock's acquisition and holding of shares are in the ordinary course of business, suggesting a long-term investment perspective rather than an activist intent.

Negatives

• The document itself does not contain any negative information regarding Cirrus Logic Inc.'s operations or financial performance.

Risks

• The document does not detail specific risks related to Cirrus Logic Inc.'s business operations or financial health; it is solely a disclosure of ownership.

Future Outlook

NA

Management Comments

• "By signing below I certify that, to the best of my knowledge and belief, the securities referred to above were acquired and are held in the ordinary course of business and were not acquired and are not held for the purpose of or with the effect of changing or influencing the control of the issuer of the securities and were not acquired and are not held in connection with or as a participant in any transaction having that purpose or effect, other than activities solely in connection with a nomination under §§ 240.14a-11." (Certification by BlackRock, Inc.)

Industry Context

NA

Stakeholder Impact

• Shareholders: The disclosure of BlackRock's 9.1% stake may be viewed positively by existing and potential shareholders, signaling strong institutional confidence in Cirrus Logic Inc.

Key Dates

Keywords

BlackRock, Cirrus Logic Inc., Schedule 13G, Beneficial Ownership, Common Stock, Institutional Investor, SEC Filing, Semiconductor