SCHEDULE 13G/A: FMR LLC and Abigail P. Johnson Maintain 2.9% Passive Stake in Cirrus Logic Inc.
Beneficial Ownership Update
FMR LLC and Abigail P. Johnson have filed an Amendment No. 7 to Schedule 13G, disclosing a continued passive beneficial ownership of 2.9% in Cirrus Logic Inc. as of December 31, 2024.
Summary
- FMR LLC and Abigail P. Johnson jointly filed an Amendment No. 7 to Schedule 13G concerning their beneficial ownership in Cirrus Logic Inc. (CUSIP: 172755100).
- As of December 31, 2024, the aggregate beneficial ownership reported by both FMR LLC and Abigail P. Johnson is 1,549,030.30 shares of Cirrus Logic Inc. Common Stock.
- This ownership represents 2.9% of the total outstanding class of securities.
- FMR LLC holds sole voting power over 1,527,467.36 shares and sole dispositive power over 1,549,030.30 shares.
- Abigail P. Johnson holds sole dispositive power over 1,549,030.30 shares.
- The filing certifies that the securities were acquired and are held in the ordinary course of business and not for the purpose of changing or influencing the control of Cirrus Logic Inc.
- Several FMR LLC subsidiaries are identified as entities beneficially owning shares, including FIAM LLC, Fidelity Diversifying Solutions LLC, Fidelity Institutional Asset Management Trust Company, Fidelity Management & Research Company LLC, Fidelity Management Trust Company, and Strategic Advisers LLC.
Sentiment
Score: 5
Explanation: The document is a routine regulatory filing (Schedule 13G) disclosing passive beneficial ownership. It contains no new financial performance data, strategic announcements, or significant changes that would typically influence sentiment.
Future Outlook
NA
Industry Context
This filing is a routine disclosure by a large institutional investor, FMR LLC (Fidelity), regarding its passive stake in Cirrus Logic Inc. It reflects standard portfolio management activities rather than a strategic industry move or competitive positioning.
Related Party Transactions
- The filing details the relationship between FMR LLC and Abigail P. Johnson, noting that Abigail P. Johnson is a Director, Chairman, and CEO of FMR LLC, and a predominant owner of its Series B voting common shares. Members of the Johnson family, including Abigail P. Johnson, are deemed to form a controlling group with respect to FMR LLC through their ownership and a shareholders' voting agreement.
Stakeholder Impact
- The filing indicates a stable, passive institutional ownership stake, which generally signals continued investor confidence without implying any immediate strategic shifts or operational impacts on employees, customers, or suppliers. For shareholders, it provides transparency regarding a significant institutional holder's position.
Key Dates
| Date | Description |
|---|---|
| 2023-01-03 | Effective date of Power of Attorney for Stephanie J. Brown on behalf of FMR LLC. |
| 2023-01-10 | Date of Schedule 13G filing by FMR LLC where Power of Attorney (accession number -23-000003) was incorporated by reference. |
| 2023-01-26 | Effective date of Power of Attorney for Stephanie J. Brown on behalf of Abigail P. Johnson. |
| 2023-01-31 | Date of Schedule 13G filing by FMR LLC where Power of Attorney (accession number -23-000038) for Abigail P. Johnson was incorporated by reference. |
| 2024-12-31 | Date of event which requires filing of this statement (reporting date for ownership). |
| 2025-02-11 | Date of signing and filing of this Schedule 13G Amendment No. 7. |
Keywords
Cirrus Logic Inc., FMR LLC, Abigail P. Johnson, Schedule 13G, Beneficial Ownership, Common Stock, Passive Investment, SEC Filing, Institutional Investor
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