Tranche Update on Cirrus Logic, Inc.'s Equity Buyback Plan announced on February 1, 2021.
August 02, 2022 at 04:03 pm EDT
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From March 27, 2022 to June 25, 2022, the company has repurchased 725,000 shares, representing 1.28% for $56.39 million. With this, the company has completed the repurchase of 2,654,845 shares, representing 4.65% for $213.87 million under the buyback announced on February 1, 2021.
Cirrus Logic, Inc. is engaged in low-power, high-precision mixed-signal processing solutions. The Company's product line categories are Audio and High-Performance Mixed-Signal (HPMS). It is a supplier of low-power, low-latency, high-precision audio components that are used in a variety of applications, including smartphones, tablets, laptops, virtual reality/augmented reality headsets, home theater systems, automotive entertainment systems and professional audio systems. Its Audio Products include boosted amplifiers, codecs, smart codecs, analog-to-digital converters, digital-to-analog converters, and standalone digital signal processors. The Companyâs HPMS Products include camera controllers, haptics and sensing solutions, battery, and power integrated circuits (ICs). Additionally, the Companyâs SoundClear technology consists of a broad portfolio of tools, software and algorithms that help to differentiate its customersâ products by improving the user experience.
CIRRUS LOGIC, INC. 
