CRUS Cirrus Logic, Inc. - Common Stock
About Cirrus Logic, Inc. - Common Stock Company overview from Wikipedia
Cirrus Logic Inc. is an American fabless semiconductor supplier that specializes in analog, mixed-signal, and audio DSP integrated circuits (ICs). Since 1998, the company's headquarters have been in Austin, Texas.
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Cirrus Logic Inc. is an American fabless semiconductor supplier that specializes in analog, mixed-signal, and audio DSP integrated circuits (ICs). Since 1998, the company's headquarters have been in Austin, Texas.
The company's audio processors and audio converters feature in audio and consumer entertainment products, including smartphones, tablets, laptops, digital headsets, automotive entertainment systems, home-theater receivers, and smart home applications, such as smart speakers. The company has over 3,200 customers including Ford, Harman International, Itron, LG, Lenovo, Onkyo, Marantz, Motorola, Panasonic, Pioneer, Samsung, SiriusXM, Sony, Apple, and Vizio. Apple makes up 89% of the company's revenue in 2025.
Suhas Patil founded the company as "Patil Systems, Inc." in Salt Lake City in 1981; it adopted the name "Cirrus Logic" when it moved to Silicon Valley in 1984.
Cirrus Logic has more than 3,900 patents issued and pending.
History
Patil Systems, Inc., was founded in Salt Lake City, Utah, in 1981 by Suhas Patil, and in 1983 the company was reorganized by Patil, Kamran Elahian, and venture capitalist Fred Nazem, whose firm, Nazem and Company provided the company's initial round of financing.
Later the company was renamed Cirrus Logic when it moved to Silicon Valley in 1984 to focus on solutions for the growing PC components market. Michael Hackworth was named president and chief executive officer in January 1985, and was CEO until February 1999. The company joined the Nasdaq market listing in 1989 (symbol: CRUS).
Cirrus Logic acquired Crystal Semiconductor, a supplier of analog and mixed-signal converter ICs, in 1991. In the early 1990s, Cirrus Logic became a supplier of PC graphics chips, audio converters and chips for magnetic storage products. David D. French joined Cirrus Logic, Inc. as president and chief operating officer in June 1998 and was named chief executive officer in February 1999. Soon after joining the company, through an acquisition strategy French repositioned the company into a premier supplier of high-performance analog and digital processing chip solutions for consumer entertainment electronics, and soon afterwards, M. Yousuf Palla joined as Vice President of Operations and Manufacturing, contributing further to its success. The company announced in April 2000 that it had completed moving its headquarters to Austin, Texas. In June 2005, Cirrus Logic sold its video products operation to an investment firm, creating privately owned Magnum Semiconductor. After French resigned in March 2007, Jason Rhode, formerly the vice president and general manager of Cirrus Logic's Mixed Signal Audio Division, was named president and CEO in May 2007. In 2014, Cirrus Logic bought Wolfson Microelectronics for approximately $467 million. In 2021, Cirrus Logic acquired Lion Semiconductor for $335 million. It had a robotics partnership with the Ann Richards School, in which Cirrus Logic committed $10,000 a year for three years. In 2023, the robotics team was made up of 10 girls, which increased to 30 in 2024.
Ambient Technologies
Following a change in focus, Cirrus Logic spun off its PC Modem business unit as Ambient Technologies in early 1999.
In early 2000, Intel purchased Ambient Technologies, subsequently renaming it its "Modem Silicon Operation" division.
Timeline of key events
1981 – Patil Systems Inc. is founded in Salt Lake City by Dr. Suhas Patil. Company focuses on IC solutions for the growing PC components market.
1984 – Patil Systems Inc. renamed Cirrus Logic and moves headquarters to Silicon Valley.
1989 – Company goes public and is listed on the Nasdaq exchange under the ticker symbol CRUS.
1991 – Cirrus Logic acquires Crystal Semiconductor, a supplier of analog and mixed-signal converter ICs.
1992 – Cirrus Logic completes deal for Acumos Inc.
1994 – Cirrus Logic entered an expansion program at MiCRUS in a joint venture with IBM.
1995 – Cirrus Logic agreed on a $600 million joint manufacturing venture with AT&T Microelectronics.
1995 – A joint development agreement was signed between Cirrus Logic and Advanced Telecommunications Modules, Ltd.
1998 – Cirrus Logic exits from the PC graphics card business.
1998 – David D. French joins company as president and chief operating officer in June and becomes chief executive officer in February 1999. In the fall, company spins out its communication business unit.
1999 – Cirrus Logic teams up with Microsoft Corp. in a technology agreement for its Maverick TM chip line.
1999 – Cirrus Logic joined Rockwell International Corp. in a collaboration for system-on-a-chip ICs using RISC processor cores from ARM Ltd. for industrial automation.
1999 - Cirrus Logic purchases AudioLogic, receiving PWM, multi-bit converter, and DSP technology
2000 – Cirrus Logic moves its headquarters to Austin, Texas.
2001 - Cirrus Logic purchases Peak Audio, and becomes owner of CobraNet distributed audio
2001 – Cirrus Logic announces plan to begin exit from magnetic storage chip business.
2001 – Cirrus Logic acquires several start-up companies with technologies in video decoding, video encoding, wireless networking, and networked digital audio.
2003 – Cirrus Logic closes wireless networking operations.
2005 – Cirrus Logic sells video product assets to investment firm, creating Magnum Semiconductor (company maintains minority equity position).
2006 – Cirrus Logic developed a reference design for a High Definition mainstream audio/video reliever (HD-AVR) platform together with Genesis Microchip Inc..
2007 – Jason Rhode, formerly vice president and general manager of Cirrus' Mixed-Signal Audio division, is named president and chief executive officer, replacing French who resigned in March. In July, Cirrus Logic acquires Apex Microtechnology, a provider of high-power products for industrial and aerospace markets. Cirrus Logic acquires audio chip company Tripath after it went bankrupt.
2012 – Company sells its hybrid product line in Tucson, Arizona, to a group of investors, creating Apex Microtechnology as a stand-alone company once again. In November, the company announces that it is moving its remaining product line team in Tucson to its Austin headquarters.
2012 – Cirrus Logic awarded DigiKey with the Distributor Partnership Award.
2014 – Cirrus Logic acquires UK-based Wolfson Microelectronics, an audio IC company founded in 1984.
2018 – Cirrus Logic signed an agreement with Apple for an active noise reduction chip for the next-generation AirPods.
2019 – Cirrus Logic became a strategic partner with Silicon Catalyst.
2021 – Jason Rhode steps down as CEO to be replaced by John Forsyth who was previously chief strategy officer.
2021 – Cirrus Logic announced a collaboration with Elliptic Labs to optimize the CS35L45 smart boosted amplifier using the Elliptic Labs’ AI Virtual Smart Sensor Platform.
Graphics history
In the early 1990s, Cirrus Logic was a supplier of low-cost PC graphics chips. Cirrus's Microsoft Windows 2D GUI accelerators (GDI) were among the fastest in the low-end market-segment, outperforming competing VGA chips from Oak Technologies, Trident Microsystems, and Paradise (Western Digital). For example, the Cirrus GD5422 (1992) supported hardware acceleration for both 8-bit color and 16-bit color. It was one of the lowest-priced SVGA controllers to support both.
By the mid-1990s, when PCs had migrated to the PCI bus, Cirrus had fallen behind S3 and Trident Microsystems. When the announced release date of the GD5470 "Mondello" came and went, Cirrus's reputation in desktop PC-graphics suffered. Mondello development took a back seat to the GD5464 which was near completion and proved to be a much faster design with the use of Rambus. (Because of this Mondello never got off the ground.)
The company's final graphics chips, the GD546x "Laguna" series of PCI/AGP 3D-accelerators, were novel in that they were one of the few video cards to use Rambus RDRAM. The patented use of tiled memory by the GD546x chips is still used by nearly all graphics processors today. However, like many other 2D and 3D chips at the time were gate limited by the process technology available at the time, the feature set of perspective-correct texture mapping, bilinear filtering, single-pass lighting, gouraud shading, and alpha blending, was incomplete compared to the next generation of 3D chips. The GD546x family was limited by CPU processing at the time, CPUs could not feed it enough triangles which was the real performance block. The raw processing power of the GD546x was nearly 2.5 million 25 pixel triangles per second, much faster than competitors.
When Intel announced it was entering the 3D market with the i740, Cirrus Logic exited the market, which at the time for Cirrus Logic was worth 500 million dollars annually. (Intel didn't catch up in performance for many years, the i740 was not widely accepted and did not win any major designs).
Cirrus Logic graphic cards are used in emulators. Both QEMU and Bochs emulate the Cirrus CLGD 5446 PCI VGA-card, with Bochs additionally emulating the CL-GD5430 ISA card.
Graphics chipsets
Desktop
CL-GD410 + CL-GD420 – ISA SVGA chipset, Video Seven VEGA VGA (1987)
CL-GD510 + CL-GD520 – ISA SVGA "Eagle II" chipset; known for 100% CGA emulation (1988)
CL-GD5320 – ISA SVGA chipset (1990)
CL-GD5401 – ISA SVGA chipset, also known as Acumos VGA (AVGA1)
CL-GD5402 – ISA SVGA chipset, also known as Acumos VGA (AVGA2)
CL-GD5410 – ISA SVGA chipset, low-to-mid-end DRAM-based cards (accelerated), some laptop chipsets. Known for integrating graphics card components into one chip (built-in RAMDAC and clock generators) at an early point. (1991)
CL-GD5420 – ISA SVGA chipset; highly integrated (15 bit RAMDAC + PLL), 1 MB
CL-GD5421 – ISA SVGA chipset; highly integrated (15/16 bit RAMDAC + PLL), 1 MB
CL-GD5422 – Enhanced variant of the CL-GD5420 (32-bit internal memory interface, 15/16/24 bit RAMDAC. An ISA video card carrying this chipset offered 1280×1024 interlaced max resolution.
CL-GD5424 – VLB variant of the CL-GD5422, but resembles the CL-GD5426 in some respects
CL-GD5425 – True color VGA controller with TV out
CL-GD5426 – Hardware BitBLT engine; ISA bus and VLB up to 2 MB of memory
CL-GD5428 – Enhanced variant of the CL-GD5426; faster BITBLT engine
CL-GD5429 – Enhanced variant of the CL-GD5428; supports higher memory clock and has memory-mapped I/O
CL-GD5430 – Similar to CL-GD5429, but with CL-GD543x core (32-bit host interface)
CL-GD5434 – PCI Alpine family chip with 64-bit internal memory interface; supports 64-bit mode only when equipped with 2 MB of video memory; commonly equipped with 1 MB, extendable to 2 MB (1994)
CL-GD5436 – An optimized CL-GD5434
CL-GD5440 – CL-GD5430 with motion-video acceleration (CL-GD54M40 has integrated filters)
CL-GD5446 – 64-bit Alpine VisualMedia accelerator, 2D-only; adds motion-video acceleration
CL-GD546X – The Laguna Family VisualMedia Accelerators for 2D, 3D, and video. Include a BitBLT engine, video windows, and 64×64 hardware cursor. These chips use a single channel of RDRAM memory, providing up to 600 MB/s bandwidth.
CL-GD5462 - No 3D acceleration
CL-GD5464 - Hardware 3D acceleration (PCI)
CL-GD5465 - AGP support
CL-GD5480 – 64-bit Alpine accelerator with 100 MHz SGRAM. Adds MPEG-2 video acceleration.
Mobile
CL-GD610 + 620 (1989)
CL-GD6420/6440 – Used in some laptops; similar to older Cirrus chipsets (5410/AVGA2)
CL-GD6205/6215/6225/6235 – Compatible with the CL-GD5420
CL-GD7541/7542/7543/7548 – Compatible with the CL-GD5428/3x
Source: Wikipedia, CC BY-SA 4.0 · View on Wikipedia ↗
CRUS Stock Snapshot Price, market cap, P/E, EPS, ROE, debt/equity, 52-week range
CRUS Stock Price Chart Daily OHLCV with technical indicators — pan, zoom, and customize your view
10-Year Performance Revenue, net income, margins and EPS trends
Valuation P/E, P/S, P/B, EV/EBITDA ratios — is the stock expensive or cheap?
Profitability Gross, operating and net margins; ROE, ROA, ROIC
Financial Health Debt, liquidity, solvency — balance sheet strength
Growth Revenue, EPS and net income growth: YoY, 3Y CAGR, 5Y CAGR
Capital Efficiency Asset turnover, inventory turnover, receivables turnover
CRUS Analyst Consensus Bullish and bearish analyst opinions, 12-month price target, upside
- Strong Buy 4 33.3%
- Buy 5 41.7%
- Hold 3 25.0%
- Sell 0 0.0%
- Strong Sell 0 0.0%
12-Month Price Target
4 analysts · 2026-08-16Earnings History EPS actual vs estimate, surprise %, beat rate, next earnings date
| Period | EPS Actual | EPS Est | Surprise |
|---|---|---|---|
| June 30, 2026 | $1.84 | $1.85 | -0.01% |
| March 31, 2026 | $1.95 | $1.80 | 0.15% |
| Dec. 31, 2025 | $2.97 | $2.48 | 0.49% |
| Sept. 30, 2025 | $2.83 | $2.42 | 0.41% |
| June 30, 2025 | $1.51 | $1.12 | 0.39% |
| March 31, 2025 | $1.67 | $1.20 | 0.47% |
Peer comparison (GICS sub-industry) Key metrics vs sector peers
| Ticker | Market Cap | P/E | Rev YoY | Net Margin | ROE | Gross Margin |
|---|---|---|---|---|---|---|
| CRUS | $7.25B | 18.3 | 5.3% | 20.8% | 19.9% | 52.8% |
| RMBS | $9.90B | 43.5 | 27.1% | 32.6% | 17.8% | 79.6% |
| QRVO | $6.79B | 21.4 | -1.1% | 9.2% | 9.9% | 45.9% |
| SLAB | $4.35B | -66.6 | 34.3% | -8.3% | -6.0% | 58.2% |
| ALGM | $5.58B | -376.5 | 22.8% | -1.7% | -1.6% | 46.3% |
| MXL | $1.51B | -11.0 | 29.7% | -29.2% | -29.1% | 56.8% |
| RGTI | — | — | — | — | — | — |
| PI | $5.26B | -470.3 | -1.4% | -3.0% | -5.5% | 52.5% |
| DIOD | $2.26B | 34.5 | 13.0% | 4.5% | 3.6% | 31.2% |
| SYNA | $4.73B | -9.6 | 11.4% | -41.0% | -42.4% | 44.7% |
| OLED | $5.52B | 23.0 | 0.45% | 37.2% | 13.9% | 76.3% |
Full Fundamentals All metrics by year — income statement, balance sheet, cash flow
Income Statement 17
| Metric | Trend | 2026 | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $2.00B | $1.90B | $1.79B | $1.90B | $1.78B | $1.37B | $1.28B | $1.19B | $1.53B | $1.54B | $1.17B | $917M | |
| Cost of Revenue | $943M | $900M | $873M | $941M | $858M | $662M | $607M | $588M | $771M | $781M | $614M | $491M | |
| Gross Profit | $1.05B | $996M | $916M | $957M | $924M | $707M | $674M | $597M | $761M | $758M | $555M | $426M | |
| R&D Expense | $434M | $435M | $426M | $458M | $406M | $343M | $348M | $375M | $366M | $304M | $269M | $198M | |
| SG&A Expense | $160M | $151M | $144M | $153M | $151M | $127M | $131M | $127M | $132M | $127M | $117M | $100M | |
| Operating Expenses | $594M | $586M | $573M | $708M | $557M | $470M | $501M | $497M | $498M | $441M | $375M | $317M | |
| Operating Income | $460M | $410M | $343M | $249M | $366M | $237M | $173M | $101M | $262M | $317M | $180M | $109M | |
| Interest Expense | · | · | · | $898.0K | $948.0K | $1M | $1M | $1M | $1M | $4M | $3M | $6M | |
| Other Non-op | $-487.0K | $1M | $-108.0K | $-3M | $2M | $3M | $-2M | $-217.0K | $-971.0K | $-79.0K | $-2M | $-12M | |
| Pretax Income | $497M | $445M | $364M | $255M | $369M | $245M | $181M | $94M | $265M | $315M | $176M | $92M | |
| Income Tax | $82M | $113M | $89M | $78M | $42M | $28M | $22M | $4M | $103M | $54M | $52M | $36M | |
| Net Income | $414M | $332M | $275M | $177M | $326M | $217M | $159M | $90M | $162M | $261M | $124M | $55M | |
| EPS (Basic) | $8.10 | $6.24 | $5.06 | $3.18 | $5.70 | $3.74 | $2.74 | $1.50 | $2.55 | $4.12 | $1.96 | $0.88 | |
| EPS (Diluted) | $7.85 | $6.00 | $4.90 | $3.09 | $5.52 | $3.62 | $2.64 | $1.46 | $2.46 | $3.92 | $1.87 | $0.85 | |
| Shares (Basic) | 51,137,000 | 53,135,000 | 54,290,000 | 55,614,000 | 57,278,000 | 58,106,000 | 58,317,000 | 60,116,000 | 63,407,000 | 63,329,000 | 63,197,000 | 62,503,000 | |
| Shares (Diluted) | 52,822,000 | 55,241,000 | 56,021,000 | 57,226,000 | 59,143,000 | 60,060,000 | 60,462,000 | 61,583,000 | 65,951,000 | 66,561,000 | 65,993,000 | 65,235,000 | |
| EBITDA | $513M | $461M | $392M | $320M | $428M | $284M | $242M | $181M | $344M | $380M | · | $144M |
Balance Sheet 24
| Metric | Trend | 2026 | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Cash & Equivalents | $801M | $540M | $503M | $446M | $370M | $442M | $292M | $216M | $236M | $351M | $169M | $76M | |
| Receivables | $220M | $216M | $162M | $150M | $240M | $109M | $154M | $121M | $101M | $120M | $89M | $113M | |
| Inventory | $241M | $299M | $227M | $233M | $138M | $173M | $147M | $165M | $206M | $168M | $142M | $84M | |
| Prepaid Expense | $48M | $48M | $48M | $36M | $41M | $38M | $24M | $31M | $31M | $25M | $30M | $27M | |
| Other Current Assets | $23M | $28M | $55M | $57M | $40M | $25M | $12M | $22M | $14M | $12M | $16M | $9M | |
| Current Assets | $1.43B | $1.24B | $1.11B | $1.02B | $840M | $843M | $650M | $625M | $614M | $776M | $506M | $452M | |
| PP&E (Net) | $144M | $160M | $170M | $163M | $157M | $155M | $158M | $186M | $191M | $168M | $163M | $144M | |
| PP&E (Gross) | $441M | $430M | $424M | $397M | $373M | $351M | $348M | $343M | $331M | $290M | $252M | $217M | |
| Accum. Depreciation | $297M | $270M | $253M | $234M | $216M | $196M | $190M | $156M | $140M | $122M | $90M | $72M | |
| Goodwill | $436M | $436M | $436M | $436M | $436M | $288M | $287M | $286M | $289M | $287M | $288M | $263M | |
| Intangibles | $21M | $27M | $30M | $39M | $158M | $22M | $34M | $68M | $112M | $135M | $163M | $176M | |
| Other Non-current Assets | $18M | $35M | $69M | $74M | $92M | $67M | $28M | $20M | $38M | $15M | $16M | $28M | |
| Total Assets | $2.49B | $2.33B | $2.23B | $2.06B | $2.12B | $1.83B | $1.59B | $1.35B | $1.43B | $1.41B | $1.18B | $1.15B | |
| Accounts Payable | $81M | $63M | $56M | $81M | $115M | $103M | $78M | $48M | $70M | $74M | $72M | $112M | |
| Current Liabilities | $195M | $195M | $186M | $216M | $265M | $214M | $159M | $116M | $140M | $144M | $128M | $177M | |
| Capital Leases | $114M | $122M | $135M | $123M | $163M | $128M | $129M | · | · | · | · | · | |
| Deferred Tax | · | · | · | · | · | · | · | · | · | · | · | $3M | |
| Other Non-current Liabilities | · | $0 | $507.0K | $1M | $14M | · | $0 | $10M | $8M | $4M | $26M | $9M | |
| Common Stock | $51.0K | $52.0K | $53.0K | $55.0K | $57.0K | $58.0K | $58.0K | $59.0K | $62.0K | $64.0K | $63.0K | $63.0K | |
| Retained Earnings | $185M | $90M | $59M | $-9M | $23M | $-113M | $-202M | $-222M | $-139M | $-107M | $-344M | $-401M | |
| AOCI | $-3M | $-1M | $-3M | $-3M | $-2M | $3M | $-3M | $-1M | $-11M | $-573.0K | $332.0K | $-2M | |
| Stockholders' Equity | $2.13B | $1.95B | $1.82B | $1.66B | $1.60B | $1.39B | $1.23B | $1.14B | $1.16B | $1.15B | $859M | $757M | |
| Liabilities + Equity | $2.49B | $2.33B | $2.23B | $2.06B | $2.12B | $1.83B | $1.59B | $1.35B | $1.43B | $1.41B | $1.18B | $1.15B | |
| Shares Outstanding | 50,596,000 | 52,291,000 | 53,491,000 | 55,098,000 | 56,596,000 | 57,652,000 | 58,242,000 | 58,954,000 | 61,960,000 | 64,295,000 | 62,630,000 | 63,085,000 |
Cash Flow 16
| Metric | Trend | 2026 | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| D&A | $52M | $51M | $48M | $71M | $62M | $47M | $68M | $80M | $81M | $63M | $58M | $35M | |
| Stock-based Comp | $82M | $84M | $89M | $82M | $66M | $57M | $54M | $50M | $49M | $40M | $34M | $38M | |
| Deferred Tax | $-1M | $-98.0K | $-13M | $-35M | $-15M | $-6M | $-6M | $2M | $12M | $11M | $23M | $32M | |
| Amort. of Intangibles | $8M | $8M | $9M | $34M | $29M | $14M | $28M | $48M | $54M | $37M | $36M | $18M | |
| Restructuring | $0 | $0 | $2M | $11M | $0 | $352.0K | $22M | $0 | $0 | · | · | · | |
| Other Non-cash | $103M | $-22M | $23M | $45M | $-315M | $33M | $20M | $-15M | $15M | $-5M | · | $4M | |
| Operating Cash Flow | $651M | $444M | $422M | $340M | $125M | $349M | $296M | $207M | $319M | $370M | $149M | $163M | |
| CapEx | $14M | $23M | $38M | $35M | $26M | $18M | $16M | $32M | $55M | $42M | $42M | $32M | |
| Investing Cash Flow | $-75M | $-124M | $-163M | $-33M | $-18M | $-78M | $-100M | $-55M | $-185M | $-70M | $20M | $-324M | |
| Stock Repurchased | $280M | $261M | $186M | $191M | $168M | $110M | $120M | $160M | $176M | $15M | $61M | $11M | |
| Net Stock Activity | $-280M | $-261M | $-186M | $-191M | $-168M | $-110M | $-120M | $-160M | $-176M | $-15M | · | $-11M | |
| Financing Cash Flow | $-314M | $-283M | $-202M | $-230M | $-179M | $-121M | $-120M | $-171M | $-250M | $-118M | $-77M | · | |
| Net Change in Cash | $261M | $37M | $57M | $76M | $-72M | $150M | $76M | $-19M | $-116M | $182M | $92M | $45M | |
| Taxes Paid | $50M | $52M | $43M | $92M | $36M | · | · | · | · | · | · | · | |
| Free Cash Flow | $637M | $422M | $384M | $304M | $99M | $331M | $280M | $175M | $264M | $328M | · | $131M | |
| Levered FCF | · | · | · | $304M | $98M | $330M | $279M | $174M | $263M | $325M | · | $128M |
Profitability 8
| Metric | Trend | 2026 | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Gross Margin | 52.8% | 52.5% | 51.2% | 50.4% | 51.8% | 51.7% | 52.6% | 50.4% | 49.6% | 49.2% | · | 46.5% | |
| Operating Margin | 23.1% | 21.6% | 19.2% | 13.1% | 20.6% | 17.3% | 13.5% | 8.5% | 17.1% | 20.6% | · | 11.9% | |
| Net Margin | 20.8% | 17.5% | 15.3% | 9.3% | 18.3% | 15.9% | 12.4% | 7.6% | 10.6% | 17.0% | · | 6.0% | |
| Pretax Margin | 24.9% | 23.5% | 20.3% | 13.4% | 20.7% | 17.9% | 14.1% | 7.9% | 17.3% | 20.5% | · | 10.0% | |
| EBITDA Margin | 25.7% | 24.3% | 21.9% | 16.9% | 24.1% | 20.8% | 18.9% | 15.2% | 22.4% | 24.7% | · | 15.7% | |
| ROA | 17.2% | 14.5% | 12.8% | 8.4% | 16.5% | 12.7% | 10.8% | 6.5% | 11.4% | 20.1% | · | 5.9% | |
| ROE | 19.9% | 17.0% | 15.2% | 10.5% | 20.6% | 15.6% | 12.8% | 7.9% | 14.0% | 26.0% | · | 7.9% | |
| ROIC | 18.1% | 15.7% | 14.3% | 10.4% | 20.3% | 15.1% | 12.4% | 8.5% | 13.8% | 22.8% | · | 8.7% |
Liquidity & Solvency 3
| Metric | Trend | 2026 | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Current Ratio | 7.4 | 6.4 | 5.9 | 4.7 | 3.2 | 3.9 | 4.1 | 5.4 | 4.4 | 5.4 | · | 2.6 | |
| Quick Ratio | 5.2 | 3.9 | 3.6 | 2.8 | 2.3 | 2.6 | 2.8 | 2.9 | 2.4 | 3.3 | · | 1.1 | |
| Interest Coverage | · | · | · | 277.3 | 386.4 | 224.4 | 164.1 | 95.3 | 227.6 | 88.1 | · | 19.3 |
Efficiency 3
| Metric | Trend | 2026 | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Asset Turnover | 0.8 | 0.8 | 0.8 | 0.9 | 0.9 | 0.8 | 0.9 | 0.9 | 1.1 | 1.2 | · | 1.0 | |
| Inventory Turnover | 3.5 | 3.4 | 3.8 | 5.1 | 5.5 | 4.1 | 3.9 | 3.2 | 4.1 | 5.0 | · | 6.4 | |
| Receivables Turnover | 9.2 | 10.0 | 11.4 | 9.7 | 10.2 | 10.4 | 9.3 | 10.4 | 13.9 | 14.8 | · | 10.4 |
Growth Rates 9
| Metric | Trend | 2026 | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue YoY | 5.3% | 6.0% | -5.7% | 6.5% | 30.1% | · | · | · | · | · | · | · | |
| Revenue CAGR 3Y | 1.7% | 2.1% | 9.3% | · | · | · | · | · | · | · | · | · | |
| Revenue CAGR 5Y | 7.8% | · | · | · | · | · | · | · | · | · | · | · | |
| EPS YoY | 30.8% | 22.4% | 58.6% | -44.0% | 52.5% | · | · | · | · | · | · | · | |
| EPS CAGR 3Y | 36.4% | 2.8% | 10.6% | · | · | · | · | · | · | · | · | · | |
| EPS CAGR 5Y | 16.7% | · | · | · | · | · | · | · | · | · | · | · | |
| Net Income YoY | 25.0% | 20.7% | 55.4% | -45.9% | 50.2% | · | · | · | · | · | · | · | |
| Net Income CAGR 3Y | 32.9% | 0.52% | 8.1% | · | · | · | · | · | · | · | · | · | |
| Net Income CAGR 5Y | 13.8% | · | · | · | · | · | · | · | · | · | · | · |
Valuation (TTM) 10
| Metric | Trend | 2026 | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue TTM | $2.00B | $1.90B | $1.79B | $1.90B | $1.78B | $1.37B | $1.28B | $1.19B | $1.53B | $1.54B | $1.17B | $917M | |
| Net Income TTM | $414M | $332M | $275M | $177M | $326M | $217M | $159M | $90M | $162M | $261M | $124M | $55M | |
| Market Cap | $7.25B | $5.20B | $4.95B | $5.82B | $4.96B | $4.79B | $3.61B | $2.48B | $2.52B | $3.86B | · | $2.10B | |
| P/E | 18.3 | 16.6 | 18.9 | 34.2 | 15.9 | 22.9 | 23.5 | 28.8 | 16.5 | 15.3 | 18.4 | 39.2 | |
| P/S | 3.6 | 2.7 | 2.8 | 3.1 | 2.8 | 3.5 | 2.8 | 2.1 | 1.6 | 2.5 | · | 2.3 | |
| P/B | 3.4 | 2.7 | 2.7 | 3.5 | 3.1 | 3.4 | 2.9 | 2.2 | 2.2 | 3.4 | · | 2.8 | |
| P / Tangible Book | 4.3 | 3.5 | 3.7 | 4.9 | 4.9 | 4.4 | · | · | · | · | · | · | |
| P / Cash Flow | 11.2 | 11.7 | 11.7 | 17.1 | 39.8 | 13.7 | 12.2 | 12.0 | 7.9 | 10.4 | · | 12.8 | |
| P / FCF | 11.4 | 12.3 | 12.9 | 19.1 | 50.3 | 14.5 | 12.9 | 14.2 | 9.6 | 11.8 | · | 16.0 | |
| Earnings Yield | 5.5% | 6.0% | 5.3% | 2.9% | 6.3% | 4.4% | 4.3% | 3.5% | 6.0% | 6.5% | 5.4% | 2.5% |
Income Statement 16
| Metric | Trend | Q1 2027 | Q4 2026 | Q3 2026 | Q2 2026 | Q1 2026 | Q4 2025 | Q3 2025 | Q2 2025 | Q1 2025 | Q4 2024 | Q3 2024 | Q2 2024 | Q1 2024 | Q4 2023 | Q3 2023 | Q2 2023 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $460M | $449M | $581M | $561M | $407M | $424M | $556M | $542M | $374M | $372M | $619M | $481M | $317M | $373M | $591M | $541M | |
| Cost of Revenue | $218M | $211M | $272M | $267M | $193M | $198M | $258M | $259M | $185M | $179M | $302M | $234M | $158M | $186M | $294M | $269M | |
| Gross Profit | $242M | $238M | $308M | $294M | $214M | $227M | $298M | $283M | $189M | $193M | $317M | $247M | $159M | $186M | $297M | $271M | |
| R&D Expense | $115M | $107M | $114M | $110M | $103M | $103M | $113M | $113M | $105M | $103M | $113M | $104M | $106M | $115M | $118M | $115M | |
| SG&A Expense | $42M | $40M | $42M | $40M | $39M | $37M | $39M | $38M | $37M | $37M | $38M | $34M | $35M | $38M | $37M | $40M | |
| Operating Expenses | $157M | $147M | $155M | $150M | $142M | $141M | $152M | $151M | $142M | $140M | $150M | $141M | $142M | $249M | $155M | $155M | |
| Operating Income | $84M | $90M | $153M | $145M | $72M | $86M | $146M | $132M | $47M | $52M | $168M | $106M | $18M | $-63M | $141M | $116M | |
| Other Non-op | $-363.0K | $-282.0K | $246.0K | $-63.0K | $-388.0K | $55.0K | $-214.0K | $19.0K | $2M | $-78.0K | $-337.0K | $-70.0K | $377.0K | $-464.0K | $-4M | $295.0K | |
| Pretax Income | $94M | $100M | $162M | $153M | $81M | $95M | $154M | $140M | $57M | $60M | $172M | $109M | $23M | $-59M | $140M | $118M | |
| Income Tax | $17M | $18M | $22M | $22M | $20M | $23M | $38M | $38M | $15M | $15M | $33M | $34M | $7M | $-5M | $37M | $31M | |
| Net Income | $77M | $82M | $140M | $132M | $61M | $71M | $116M | $102M | $42M | $45M | $139M | $75M | $16M | $-54M | $103M | $87M | |
| EPS (Basic) | $1.52 | $1.61 | $2.75 | $2.57 | $1.17 | $1.34 | $2.19 | $1.92 | $0.79 | $0.83 | $2.57 | $1.38 | $0.28 | $-0.96 | $1.87 | $1.56 | |
| EPS (Diluted) | $1.47 | $1.57 | $2.66 | $2.48 | $1.14 | $1.30 | $2.11 | $1.83 | $0.76 | $0.78 | $2.50 | $1.34 | $0.28 | $-0.95 | $1.83 | $1.52 | |
| Shares (Basic) | 50,550,000 | -102,802,000 | 51,037,000 | 51,175,000 | 51,727,000 | -106,654,000 | 53,081,000 | 53,275,000 | 53,433,000 | -109,091,000 | 54,016,000 | 54,503,000 | 54,862,000 | -111,628,000 | 55,239,000 | 55,726,000 | |
| Shares (Diluted) | 52,353,000 | -106,249,000 | 52,698,000 | 53,054,000 | 53,319,000 | -111,300,000 | 55,076,000 | 55,800,000 | 55,665,000 | -112,480,000 | 55,592,000 | 56,278,000 | 56,631,000 | -114,579,000 | 56,583,000 | 57,418,000 | |
| EBITDA | $98M | · | $153M | $145M | $86M | · | $146M | $132M | $59M | · | $168M | $106M | $30M | · | $141M | $116M |
Balance Sheet 23
| Metric | Trend | Q1 2027 | Q4 2026 | Q3 2026 | Q2 2026 | Q1 2026 | Q4 2025 | Q3 2025 | Q2 2025 | Q1 2025 | Q4 2024 | Q3 2024 | Q2 2024 | Q1 2024 | Q4 2023 | Q3 2023 | Q2 2023 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Cash & Equivalents | $811M | $801M | $778M | $593M | $549M | $540M | $526M | $446M | $491M | $503M | $484M | $278M | $352M | · | $435M | $355M | |
| Receivables | $254M | $220M | $279M | $355M | $214M | $216M | $262M | $324M | $190M | $162M | $217M | $272M | $186M | · | $270M | $305M | |
| Inventory | $263M | $241M | $189M | $236M | $279M | $299M | $276M | $272M | $233M | $227M | $257M | $329M | $301M | · | $152M | $165M | |
| Prepaid Expense | $44M | $48M | $54M | $52M | $44M | $48M | $51M | $50M | $48M | $48M | $49M | $33M | $33M | · | $39M | $42M | |
| Other Current Assets | $21M | $23M | $31M | $33M | $27M | $28M | $32M | $29M | $29M | $55M | $61M | $71M | $55M | · | $89M | $66M | |
| Current Assets | $1.47B | $1.43B | $1.41B | $1.37B | $1.24B | $1.24B | $1.25B | $1.22B | $1.10B | $1.11B | $1.19B | $1.10B | $1.05B | · | $1.01B | $957M | |
| PP&E (Net) | $150M | $144M | $148M | $151M | $154M | $160M | $164M | $168M | $171M | $170M | $168M | $171M | $167M | · | $157M | $159M | |
| PP&E (Gross) | · | $441M | · | · | · | $430M | · | · | · | $424M | · | · | · | · | · | · | |
| Accum. Depreciation | · | $297M | · | · | · | $270M | · | · | · | $253M | · | · | · | · | · | · | |
| Goodwill | $436M | $436M | $436M | $436M | $436M | $436M | $436M | $436M | $436M | $436M | $436M | $436M | $436M | · | $436M | $436M | |
| Intangibles | $19M | $21M | $23M | $24M | $26M | $27M | $24M | $26M | $28M | $30M | $32M | $34M | $36M | · | $133M | $142M | |
| Other Non-current Assets | $34M | $18M | $19M | $29M | $27M | $35M | $43M | $53M | $61M | $69M | $78M | $44M | $49M | · | $68M | $71M | |
| Total Assets | $2.56B | $2.49B | $2.46B | $2.43B | $2.29B | $2.33B | $2.36B | $2.36B | $2.27B | $2.23B | $2.22B | $2.10B | $2.06B | · | $2.17B | $2.16B | |
| Accounts Payable | $78M | $81M | $69M | $80M | $66M | $63M | $78M | $92M | $78M | $56M | $56M | $87M | $76M | · | $117M | $118M | |
| Current Liabilities | $194M | $195M | $184M | $210M | $189M | $195M | $211M | $229M | $202M | $186M | $179M | $201M | $203M | · | $229M | $282M | |
| Capital Leases | $110M | $114M | $118M | $121M | $120M | $122M | $125M | $130M | $132M | $135M | $138M | $136M | $125M | · | $143M | $152M | |
| Other Non-current Liabilities | · | · | · | · | · | $0 | $0 | $24.0K | $193.0K | $507.0K | $47M | $7M | $12M | · | · | · | |
| Common Stock | · | $51.0K | · | · | · | $52.0K | · | · | · | $53.0K | · | · | · | · | · | · | |
| Retained Earnings | $224M | $185M | $179M | $139M | $49M | $90M | $124M | $107M | $59M | $59M | $67M | $-1M | $-34M | · | $81M | $41M | |
| AOCI | $-3M | $-3M | $-702.0K | $-221.0K | $-223.0K | $-1M | $-2M | $1M | $-3M | $-3M | $-2M | $-3M | $-3M | · | $-4M | $-4M | |
| Stockholders' Equity | $2.19B | $2.13B | $2.10B | $2.04B | $1.93B | $1.95B | $1.96B | $1.93B | $1.85B | $1.82B | $1.80B | $1.71B | $1.66B | $1.66B | $1.72B | $1.65B | |
| Liabilities + Equity | $2.56B | $2.49B | $2.46B | $2.43B | $2.29B | $2.33B | $2.36B | $2.36B | $2.27B | $2.23B | $2.22B | $2.10B | $2.06B | · | $2.17B | $2.16B | |
| Shares Outstanding | · | 50,596,000 | · | · | · | 52,291,000 | · | · | · | 53,491,000 | · | · | · | · | · | · |
Cash Flow 13
| Metric | Trend | Q1 2027 | Q4 2026 | Q3 2026 | Q2 2026 | Q1 2026 | Q4 2025 | Q3 2025 | Q2 2025 | Q1 2025 | Q4 2024 | Q3 2024 | Q2 2024 | Q1 2024 | Q4 2023 | Q3 2023 | Q2 2023 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| D&A | $13M | $13M | $13M | $13M | $13M | $13M | $13M | $13M | $12M | $12M | $13M | $12M | $12M | $19M | $19M | $17M | |
| Stock-based Comp | $21M | $20M | $21M | $21M | $21M | $19M | $21M | $22M | $21M | $22M | $23M | $21M | $23M | $23M | $20M | $20M | |
| Deferred Tax | · | $-11M | $8M | $7M | $-6M | $-8M | $8M | $5M | $-6M | $-15M | $10M | $810.0K | $-9M | $-41M | $11M | $1M | |
| Restructuring | · | · | · | · | · | $0 | $0 | $0 | · | $0 | $-360.0K | $2M | · | $11M | $0 | $0 | |
| Other Non-cash | $-46M | · | · | · | $27M | · | · | · | $17M | · | · | · | $-81M | · | · | · | |
| Operating Cash Flow | $64M | $151M | $291M | $92M | $116M | $130M | $219M | $8M | $87M | $171M | $314M | $-23M | $-40M | $48M | $181M | $36M | |
| CapEx | $15M | $2M | $5M | $4M | $3M | $3M | $7M | $3M | $10M | $7M | $10M | $8M | $12M | $11M | $7M | $10M | |
| Investing Cash Flow | $-19M | $-54M | $-7M | $-8M | $-6M | $-13M | $-39M | $-5M | $-67M | $-102M | $-37M | $-9M | $-15M | $-9M | $-7M | $-9M | |
| Stock Repurchased | $32M | $70M | $70M | $40M | $100M | $100M | $70M | $50M | $41M | $50M | $57M | $41M | $39M | $35M | $50M | $50M | |
| Net Stock Activity | $-32M | · | · | · | $-100M | · | · | · | $-41M | · | · | · | $-39M | · | · | · | |
| Financing Cash Flow | $-35M | $-74M | $-100M | $-40M | $-101M | $-104M | $-99M | $-48M | $-32M | $-49M | $-71M | $-43M | $-39M | $-28M | $-94M | $-51M | |
| Net Change in Cash | $10M | $23M | $185M | $45M | $9M | $13M | $81M | $-46M | $-11M | $19M | $206M | $-75M | $-93M | $11M | $80M | $-24M | |
| Free Cash Flow | $49M | · | · | · | $113M | · | · | · | $77M | · | · | · | $-52M | · | · | · |
Profitability 8
| Metric | Trend | Q1 2027 | Q4 2026 | Q3 2026 | Q2 2026 | Q1 2026 | Q4 2025 | Q3 2025 | Q2 2025 | Q1 2025 | Q4 2024 | Q3 2024 | Q2 2024 | Q1 2024 | Q4 2023 | Q3 2023 | Q2 2023 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Gross Margin | 52.6% | · | 53.1% | 52.5% | 52.5% | · | 53.6% | 52.1% | 50.5% | · | 51.3% | 51.3% | 50.3% | · | 50.2% | 50.2% | |
| Operating Margin | 18.4% | · | 26.3% | 25.8% | 17.8% | · | 26.2% | 24.3% | 12.5% | · | 27.1% | 22.0% | 5.6% | · | 23.9% | 21.5% | |
| Net Margin | 16.7% | · | 24.2% | 23.5% | 14.9% | · | 20.9% | 18.9% | 11.2% | · | 22.4% | 15.7% | 4.9% | · | 17.5% | 16.1% | |
| Pretax Margin | 20.5% | · | 28.0% | 27.4% | 19.8% | · | 27.7% | 25.8% | 15.1% | · | 27.8% | 22.7% | 7.2% | · | 23.8% | 21.8% | |
| EBITDA Margin | 21.2% | · | 26.3% | 25.8% | 21.0% | · | 26.2% | 24.3% | 15.8% | · | 27.1% | 22.0% | 9.4% | · | 23.9% | 21.5% | |
| ROA | 3.2% | · | 5.8% | 5.5% | 2.7% | · | 5.1% | 4.6% | 1.9% | · | 6.3% | 3.5% | 0.75% | · | 4.9% | 4.0% | |
| ROE | 3.7% | · | 6.9% | 6.6% | 3.2% | · | 6.2% | 5.6% | 2.4% | · | 7.9% | 4.5% | 0.96% | · | 6.3% | 5.6% | |
| ROIC | 3.1% | · | 6.3% | 6.1% | 2.8% | · | 5.6% | 5.0% | 1.9% | · | 7.5% | 4.3% | 0.74% | · | 6.1% | 5.2% |
Liquidity & Solvency 2
| Metric | Trend | Q1 2027 | Q4 2026 | Q3 2026 | Q2 2026 | Q1 2026 | Q4 2025 | Q3 2025 | Q2 2025 | Q1 2025 | Q4 2024 | Q3 2024 | Q2 2024 | Q1 2024 | Q4 2023 | Q3 2023 | Q2 2023 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Current Ratio | 7.6 | · | 7.7 | 6.5 | 6.6 | · | 5.9 | 5.3 | 5.5 | · | 6.6 | 5.5 | 5.2 | · | 4.4 | 3.4 | |
| Quick Ratio | 5.5 | · | 5.7 | 4.5 | 4.0 | · | 3.7 | 3.4 | 3.4 | · | 3.9 | 2.7 | 2.7 | · | 3.1 | 2.3 |
Efficiency 3
| Metric | Trend | Q1 2027 | Q4 2026 | Q3 2026 | Q2 2026 | Q1 2026 | Q4 2025 | Q3 2025 | Q2 2025 | Q1 2025 | Q4 2024 | Q3 2024 | Q2 2024 | Q1 2024 | Q4 2023 | Q3 2023 | Q2 2023 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Asset Turnover | 0.2 | · | 0.2 | 0.2 | 0.2 | · | 0.2 | 0.2 | 0.2 | · | 0.3 | 0.2 | 0.2 | · | 0.3 | 0.2 | |
| Inventory Turnover | 0.8 | · | 1.2 | 1.0 | 0.8 | · | 1.0 | 0.9 | 0.7 | · | 1.5 | 1.0 | 0.7 | · | 2.0 | 1.5 | |
| Receivables Turnover | 2.0 | · | 2.1 | 1.7 | 2.0 | · | 2.3 | 1.8 | 2.0 | · | 2.5 | 1.7 | 1.6 | · | 2.0 | 1.8 |
Valuation (TTM) 4
| Metric | Trend | Q1 2027 | Q4 2026 | Q3 2026 | Q2 2026 | Q1 2026 | Q4 2025 | Q3 2025 | Q2 2025 | Q1 2025 | Q4 2024 | Q3 2024 | Q2 2024 | Q1 2024 | Q4 2023 | Q3 2023 | Q2 2023 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue TTM | $2.01B | · | $2.10B | $2.07B | $1.88B | · | $2.09B | $2.02B | $1.79B | · | $2.01B | $1.93B | $1.84B | · | $2.07B | $1.95B | |
| Net Income TTM | $409M | · | $449M | $410M | $321M | · | $399M | $358M | $272M | · | $333M | $282M | $246M | · | $358M | $340M | |
| P/E | 18.9 | · | 14.4 | 16.7 | 18.1 | · | 14.1 | 18.9 | 26.2 | · | 14.0 | 14.4 | 17.1 | · | 12.1 | 13.0 | |
| Earnings Yield | 5.3% | · | 6.9% | 6.0% | 5.5% | · | 7.1% | 5.3% | 3.8% | · | 7.1% | 6.9% | 5.9% | · | 8.3% | 7.7% |
Financial Statements Income statement, balance sheet, cash flow — annual, last 5 years
Income Statement
| 2026-03-28 | 2025-03-29 | 2024-03-30 | 2023-03-25 | 2022-03-26 | |
|---|---|---|---|---|---|
| Revenue | $2.00B | $1.90B | $1.79B | $1.90B | $1.78B |
| Gross Margin % | 52.8% | 52.5% | 51.2% | 50.4% | 51.8% |
| Operating Margin % | 23.1% | 21.6% | 19.2% | 13.1% | 20.6% |
| Net Income | $414M | $332M | $275M | $177M | $326M |
| Diluted EPS | $7.85 | $6.00 | $4.90 | $3.09 | $5.52 |
Balance Sheet
| 2026-03-28 | 2025-03-29 | 2024-03-30 | 2023-03-25 | 2022-03-26 | |
|---|---|---|---|---|---|
| Current Ratio | 7.4 | 6.4 | 5.9 | 4.7 | 3.2 |
| Quick Ratio | 5.2 | 3.9 | 3.6 | 2.8 | 2.3 |
Cash Flow
| 2026-03-28 | 2025-03-29 | 2024-03-30 | 2023-03-25 | 2022-03-26 | |
|---|---|---|---|---|---|
| Free Cash Flow | $637M | $422M | $384M | $304M | $99M |
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Institutional owners (13F) 617 filers · $4.7B total · As of June 30, 2026
Institutions that report holding this stock in their quarterly SEC Form 13F. Long positions only; a single filer may appear twice for separate option legs. Large offsetting put/call legs typically reflect market-making or hedged inventory, not directional conviction.
| New positions | Exited positions | Increased | Decreased | Net shares change |
|---|---|---|---|---|
| 102 (-15 vs prior Q) | 48 (-3 vs prior Q) | 214 (+23 vs prior Q) | 159 (+3 vs prior Q) | +854K |
Compared to Q1 2026. SEC Form 13F filings are due within 45 days of quarter-end plus a short buffer for late filers — quarters still inside that window are skipped in favor of the most recent fully-reported pair.
| Institution | Value | Shares | % of tracked 13F | Type |
|---|---|---|---|---|
| VANGUARD PORTFOLIO MANAGEMENT LLC | $508,027,408 | 3,420,369 | 10.73% | Shares |
| VANGUARD CAPITAL MANAGEMENT LLC | $340,413,828 | 2,291,886 | 7.19% | Shares |
| STATE STREET CORP | $321,894,216 | 2,167,200 | 6.80% | Shares |
| FULLER & THALER ASSET MANAGEMENT, INC. | $253,247,212 | 1,705,024 | 5.35% | Shares |
| GEODE CAPITAL MANAGEMENT, LLC | $195,308,632 | 1,314,697 | 4.12% | Shares |
| EARNEST PARTNERS LLC | $188,234,445 | 1,267,316 | 3.97% | Shares |
| DIMENSIONAL FUND ADVISORS LP | $176,115,274 | 1,185,722 | 3.72% | Shares |
| Quantinno Capital Management LP | $147,887,844 | 995,676 | 3.12% | Shares |
| MILLENNIUM MANAGEMENT LLC | $109,193,315 | 735,160 | 2.31% | Shares |
| Robeco Institutional Asset Management B.V. | $102,329,147 | 688,946 | 2.16% | Shares |
| FMR LLC | $91,998,219 | 619,392 | 1.94% | Shares |
| JACOBS LEVY EQUITY MANAGEMENT, INC | $91,530,721 | 616,244 | 1.93% | Shares |
| WELLINGTON MANAGEMENT GROUP LLP | $82,812,159 | 557,545 | 1.75% | Shares |
| NORGES BANK | $75,764,856 | 510,098 | 1.60% | Shares |
| FIRST TRUST ADVISORS LP | $71,193,017 | 479,319 | 1.50% | Shares |
| LETKO, BROSSEAU & ASSOCIATES INC | $65,688,729 | 442,259 | 1.39% | Shares |
| Defiance ETFs, LLC | $61,689,235 | 421,317 | 1.30% | Shares |
| Caisse de depot et placement du Quebec | $61,500,480 | 414,061 | 1.30% | Shares |
| ROYCE & ASSOCIATES LP | $59,990,376 | 403,894 | 1.27% | Shares |
| RENAISSANCE TECHNOLOGIES LLC | $53,132,152 | 357,720 | 1.12% | Shares |
| Qube Research & Technologies Ltd | $50,634,620 | 340,905 | 1.07% | Shares |
| GOLDMAN SACHS GROUP INC | $49,146,052 | 330,883 | 1.04% | Shares |
| AMERICAN CENTURY COMPANIES INC | $48,591,886 | 327,152 | 1.03% | Shares |
| Gotham Asset Management, LLC | $47,958,109 | 322,885 | 1.01% | Shares |
| VANGUARD FIDUCIARY TRUST CO | $47,856,217 | 322,199 | 1.01% | Shares |
| PANAGORA ASSET MANAGEMENT INC | $41,083,398 | 276,600 | 0.87% | Shares |
| LOS ANGELES CAPITAL MANAGEMENT LLC | $39,790,446 | 267,895 | 0.84% | Shares |
| Grantham, Mayo, Van Otterloo & Co. LLC | $38,478,925 | 259,065 | 0.81% | Shares |
| BNP PARIBAS ASSET MANAGEMENT Holding S.A. | $34,931,880 | 235,184 | 0.74% | Shares |
| Woodline Partners LP | $32,581,244 | 219,358 | 0.69% | Shares |
| JONES FINANCIAL COMPANIES LLLP | $32,253,733 | 220,162 | 0.68% | Shares |
| Assenagon Asset Management S.A. | $31,766,260 | 213,871 | 0.67% | Shares |
| MACKENZIE FINANCIAL CORP | $31,088,220 | 209,306 | 0.66% | Shares |
| MORGAN STANLEY | $28,456,796 | 191,589 | 0.60% | Shares |
| ALLIANCEBERNSTEIN L.P. | $24,987,299 | 172,779 | 0.53% | Shares |
| UBS AM, a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC | $24,965,461 | 172,628 | 0.53% | Shares |
| Arbejdsmarkedets Tillaegspension | $23,957,889 | 161,300 | 0.51% | Shares |
| BURNEY CO/ | $22,687,363 | 152,746 | 0.48% | Shares |
| Fideuram Asset Management (Ireland) dac | $22,269,173 | 133,365 | 0.47% | Shares |
| BlackRock, Inc. | $20,836,680 | 140,286 | 0.44% | Shares |
| RHUMBLINE ADVISERS | $19,999,215 | 134,648 | 0.42% | Shares |
| Man Group plc | $19,866,630 | 133,755 | 0.42% | Shares |
| VICTORY CAPITAL MANAGEMENT INC | $19,790,286 | 133,241 | 0.42% | Shares |
| CANADA PENSION PLAN INVESTMENT BOARD | $19,709,931 | 132,700 | 0.42% | Shares |
| SUMMIT PARTNERS PUBLIC ASSET MANAGEMENT, LLC | $19,029,812 | 128,121 | 0.40% | Shares |
| GLENMEDE TRUST CO NA | $17,718,589 | 119,293 | 0.37% | Shares |
| ENVESTNET ASSET MANAGEMENT INC | $17,544,274 | 118,119 | 0.37% | Shares |
| RAYMOND JAMES FINANCIAL INC | $17,406,082 | 117,189 | 0.37% | Shares |
| BARCLAYS PLC | $16,560,501 | 111,496 | 0.35% | Shares |
| Corient Private Wealth LP | $16,368,462 | 110,204 | 0.35% | Shares |
| BANK OF AMERICA CORP /DE/ | $16,362,065 | 110,160 | 0.35% | Shares |
| California Public Employees Retirement System | $16,222,744 | 109,222 | 0.34% | Shares |
| Trexquant Investment LP | $15,932,516 | 107,268 | 0.34% | Shares |
| Glenmede Investment Management, LP | $15,822,122 | 126,284 | 0.33% | Shares |
| Universal- Beteiligungs- und Servicegesellschaft mbH | $15,746,704 | 106,017 | 0.33% | Shares |
| D. E. Shaw & Co., Inc. | $15,690,561 | 105,639 | 0.33% | Shares |
| Swiss National Bank | $15,209,472 | 102,400 | 0.32% | Shares |
| Connor, Clark & Lunn Investment Management Ltd. | $13,833,342 | 93,135 | 0.29% | Shares |
| BNP PARIBAS FINANCIAL MARKETS | $13,583,068 | 91,450 | 0.29% | Shares |
| MARTINGALE ASSET MANAGEMENT L P | $13,391,911 | 90,163 | 0.28% | Shares |
| Squarepoint Ops LLC | $13,281,701 | 89,421 | 0.28% | Shares |
| WORLDQUANT MILLENNIUM ADVISORS LLC | $12,865,817 | 86,621 | 0.27% | Shares |
| AMERIPRISE FINANCIAL INC | $12,126,046 | 81,642 | 0.26% | Shares |
| TWO SIGMA INVESTMENTS, LP | $11,031,769 | 74,273 | 0.23% | Shares |
| Retirement Systems of Alabama | $10,910,271 | 73,455 | 0.23% | Shares |
| LAZARD ASSET MANAGEMENT LLC | $10,633,411 | 71,591 | 0.22% | Shares |
| GLOBEFLEX CAPITAL L P | $10,578,901 | 71,224 | 0.22% | Shares |
| SPROTT INC. | $10,100,040 | 68,000 | 0.21% | Shares |
| Ensign Peak Advisors, Inc | $10,061,274 | 67,739 | 0.21% | Shares |
| MERCER GLOBAL ADVISORS INC /ADV | $9,728,719 | 65,500 | 0.21% | Shares |
| ZACKS INVESTMENT MANAGEMENT | $9,210,742 | 62,012 | 0.19% | Shares |
| CAPITAL FUND MANAGEMENT S.A. | $9,019,781 | 60,727 | 0.19% | Shares |
| Dana Investment Advisors, Inc. | $8,978,787 | 60,451 | 0.19% | Shares |
| PRUDENTIAL FINANCIAL INC | $8,896,650 | 59,898 | 0.19% | Shares |
| SEI INVESTMENTS CO | $8,807,230 | 59,296 | 0.19% | Shares |
| CALIFORNIA STATE TEACHERS RETIREMENT SYSTEM | $8,524,771 | 58,946 | 0.18% | Shares |
| ING GROEP NV | $7,679,001 | 51,700 | 0.16% | Shares |
| OAK ASSOCIATES LTD /OH/ | $7,598,349 | 51,157 | 0.16% | Shares |
| Crossmark Global Holdings, Inc. | $7,525,570 | 50,667 | 0.16% | Shares |
| VOYA INVESTMENT MANAGEMENT LLC | $7,340,650 | 49,422 | 0.16% | Shares |
| VANGUARD ASSET MANAGEMENT, Ltd | $7,262,523 | 48,896 | 0.15% | Shares |
| Illinois Municipal Retirement Fund | $7,038,985 | 47,391 | 0.15% | Shares |
| SUSQUEHANNA INTERNATIONAL GROUP, LLP | $6,594,732 | 44,400 | 0.14% | Call option |
| VAN ECK ASSOCIATES CORP | $6,525,666 | 43,935 | 0.14% | Shares |
| ALGERT GLOBAL LLC | $6,504,277 | 43,791 | 0.14% | Shares |
| Edgestream Partners, L.P. | $6,237,220 | 41,993 | 0.13% | Shares |
| CITADEL ADVISORS LLC | $6,134,289 | 41,300 | 0.13% | Call option |
| Bridgewater Associates, LP | $6,050,072 | 40,733 | 0.13% | Shares |
| HOLDERNESS INVESTMENTS CO | $5,935,556 | 39,962 | 0.13% | Shares |
| MANUFACTURERS LIFE INSURANCE COMPANY, THE | $5,823,119 | 39,205 | 0.12% | Shares |
| STATE BOARD OF ADMINISTRATION OF FLORIDA RETIREMENT SYSTEM | $5,817,177 | 39,165 | 0.12% | Shares |
| Hillsdale Investment Management Inc. | $5,535,713 | 37,270 | 0.12% | Shares |
| Y-Intercept (Hong Kong) Ltd | $5,286,777 | 35,594 | 0.11% | Shares |
| LMR Partners LLP | $5,198,550 | 35,000 | 0.11% | Shares |
| TWO SIGMA ADVISERS, LP | $5,178,450 | 43,700 | 0.11% | Shares |
| Summit Trail Advisors, LLC | $5,118,344 | 34,460 | 0.11% | Shares |
| Heron Bay Capital Management | $4,967,734 | 33,446 | 0.10% | Shares |
| ROYAL BANK OF CANADA | $4,942,000 | 33,275 | 0.10% | Shares |
| Amundi | $4,778,062 | 32,169 | 0.10% | Shares |
| Focus Partners Wealth | $4,771,710 | 32,133 | 0.10% | Shares |
Company insiders 56 insiders · 3 officers · 6 directors
| Insider | Role | Last activity | Shares owned | Buys 12m | Sells 12m | Net 12m |
|---|---|---|---|---|---|---|
| Jeffrey W Baumgartner | EVP, R&D | July 20, 2026 S | 15,239 | 0 | 6 | $-4,265,014 |
| Andrew Brannan | EVP, Worldwide Sales | June 29, 2026 M | 7,203 | 0 | 2 | $-1,224,514 |
| Scott Thomas | EVP, General Counsel | June 3, 2026 M | 31,048 | 0 | 5 | $-3,728,147 |
| Muhammad Raghib Hussain | Director | July 31, 2026 A | 10,579 | 0 | 0 | $0 |
| David J. Tupman | Director | July 31, 2026 A | 27,916 | 0 | 0 | $0 |
| William D Mosley | Director | July 31, 2026 A | 3,622 | 0 | 0 | $0 |
| Catherine P Lego | Director | July 31, 2026 A | 11,708 | 0 | 0 | $0 |
| Alexander M Davern | Director | July 31, 2026 A | 22,529 | 0 | 2 | $-299,000 |
| Loan T Le Duy | Director | July 31, 2026 A | 6,197 | 0 | 0 | $0 |
| TEO ALFRED S ANNIE JOINT TENANTS WITH RIGHTS OF SURVIVORSHIP | 10% owner | Sept. 17, 2004 S | 5,817,675 | 0 | 0 | $0 |
| Denise Grode | — | Aug. 29, 2025 S | 7,900 | 0 | 1 | $-252,507 |
| Justin E Dougherty | — | Aug. 12, 2025 S | 4,792 | 0 | 0 | $0 |
| Carl Jackson Alberty | — | Aug. 8, 2025 S | 39,645 | 0 | 0 | $0 |
| CIRRUS LOGIC, INC. | — | March 5, 2025 A | — | 0 | 0 | $0 |
| John Forsyth | — | March 2, 2025 M | 72,529 | 0 | 0 | $0 |
| Ulf Habermann | — | Feb. 6, 2025 A | 28,106 | 0 | 0 | $0 |
| Deirdre Hanford | — | July 26, 2024 M | 12,299 | 0 | 0 | $0 |
| Timothy R Dehne | — | July 26, 2024 M | 21,346 | 0 | 0 | $0 |
| Venkatesh Nathamuni | — | May 4, 2024 M | 4,177 | 0 | 0 | $0 |
| John C Carter | — | July 28, 2023 M | 19,163 | 0 | 0 | $0 |
| Scott Arnold Anderson | — | Feb. 9, 2023 M | 8,979 | 0 | 0 | $0 |
| Allan Hughes | — | Feb. 6, 2023 A | 6,930 | 0 | 0 | $0 |
| Thurman K Case | — | Jan. 12, 2022 M | 10,019 | 0 | 0 | $0 |
| Jodee Benson | — | Nov. 7, 2021 M | 8,026 | 0 | 0 | $0 |
| Alan R Schuele | — | July 28, 2021 M | 22,965 | 0 | 0 | $0 |
| Jason P Rhode | — | Nov. 5, 2020 M | 206,141 | 0 | 0 | $0 |
| Bradley J Fluke | — | Feb. 28, 2020 M | 4,187 | 0 | 0 | $0 |
| Randolph K Carlson | — | Feb. 4, 2019 S | 0 | 0 | 0 | $0 |
| Rashpal Sahota | — | Nov. 4, 2018 M | 3,643 | 0 | 0 | $0 |
| Christine King | — | Aug. 3, 2018 A | 17,270 | 0 | 0 | $0 |
| William D Sherman | — | Aug. 2, 2018 S | 3,144 | 0 | 0 | $0 |
| Susan Wang | — | Feb. 23, 2015 M | 0 | 0 | 0 | $0 |
| Eric C Smith | — | Oct. 1, 2014 A | — | 0 | 0 | $0 |
| Mark Hesketh | — | Aug. 22, 2014 A | — | 0 | 0 | $0 |
| Thomas Stein | — | Aug. 1, 2014 M | 8,247 | 0 | 0 | $0 |
| Timothy R Turk | — | July 29, 2014 M | 0 | 0 | 0 | $0 |
| Gregory L Brennan | — | Aug. 9, 2012 M | 6,881 | 0 | 0 | $0 |
| Michael L Hackworth | — | Feb. 22, 2012 M | 112,385 | 0 | 0 | $0 |
| Robert Henry Smith | — | Oct. 24, 2011 P | 283,797 | 0 | 0 | $0 |
| James D Guzy SR | — | Feb. 8, 2011 S | 38,782 | 0 | 0 | $0 |
| Will Cuellar | — | Oct. 7, 2009 A | — | 0 | 0 | $0 |
| Miroslav Dokic | — | Oct. 7, 2009 A | — | 0 | 0 | $0 |
| Gerald R Gray | — | Dec. 2, 2008 J | 416 | 0 | 0 | $0 |
| Suhas Patil | — | Oct. 31, 2008 S | 26,278 | 0 | 0 | $0 |
| John J Paulos | — | Oct. 30, 2008 M | 63,000 | 0 | 0 | $0 |
| Walden C Rhines | — | July 25, 2008 A | 20,000 | 0 | 0 | $0 |
| Terry M Leeder | — | May 4, 2006 M | 11,732 | 0 | 0 | $0 |
| Robert A Kromer | — | May 3, 2006 M | 7,500 | 0 | 0 | $0 |
| Keith Cheney | — | March 1, 2006 A | 1,500 | 0 | 0 | $0 |
| John T Kurtzweil | — | March 1, 2006 A | 4,458 | 0 | 0 | $0 |
Insiders from SEC Form 3/4/5 filings; net = open-market P/S only
Activists & 5%+ owners 4 positions
Investors who filed SEC Schedule 13D — beneficial ownership above 5% with an intent to influence the issuer (activist stakes, board campaigns, M&A). Each row shows the most recent known state of that filer's position.
| Filer | Filed | Stake | Status | Purpose | Filing |
|---|---|---|---|---|---|
| and ×2 filings | June 23, 2008 | — | Initial filing | — | SEC |
| Alfred S. Teo; SSN: ###-##-####, Alfred Teo and Annie Teo Joint Tenants with Right of Survivorship; Alfred Teo SSN: ###-##-####; Annie Teo SSN: ###-##-####, Alpha Industries, Inc. Retirement Plan dated January 1, 1984, Alfred S. Teo, Trustee, Tax I.D., Alfred S. Teo IRA Rollover Tax ID # ###-##-####, Lambda Financial Service Corp. IRS I.D., Great Eastern Acquisition Corp. IRS I.D., M.A.A.A. Trust FBO Mark, Andrew, Alan, and Alfred Teo, Jr., Teren Seto Handelman, Trustee, Tax I.D. ×4 filings | Sept. 27, 2004 | — | Initial filing | — | SEC |
| Alfred Teo; SSN: ###-##-####, Alfred Teo and Annie Teo Joint Tenants with Right of Survivorship; Alfred Teo SSN: ###-##-####; Annie Teo SSN: ###-##-####, Alpha Industries, Inc. Retirement Plan dated January 1, 1984, Alfred S. Teo, Trustee, Tax I.D., Alfred S. Teo IRA Rollover Tax ID # ###-##-####, Lambda Financial Service Corp. IRS I.D., Great Eastern Acquisition Corp. IRS I.D. ×3 filings | Feb. 10, 2004 | — | Initial filing | — | SEC |
| Undisclosed reporting person, Undisclosed reporting person, Undisclosed reporting person, Undisclosed reporting person | Jan. 10, 2001 | — | Initial filing | — | SEC |
Purpose is an automated classification of the filer's own stated purpose (SEC Item 4) — not investment advice. "—" means no clear purpose was stated or the text could not be classified.
ETF ownership Held by 135 ETFs
Weight reflects direct equity holdings (N-PORT) only; leveraged or derivative-based funds may hold additional swap exposure not shown.
| Fund | Weight | Units | As of | Source |
|---|---|---|---|---|
| BRNY · EA Series Trust | 4.77% | 161,710 NS | April 30, 2026 | N-PORT |
| VLLU · Harbor ETF Trust | 2.96% | 789 NS | April 30, 2026 | N-PORT |
| EPSB · Harbor ETF Trust | 2.26% | 645 NS | April 30, 2026 | N-PORT |
| COWG · Pacer Funds Trust | 1.62% | 215,465 NS | April 30, 2026 | N-PORT |
| SAWS · ETF Series Solutions | 1.38% | 597 NS | April 30, 2026 | N-PORT |
| MCOW · Pacer Funds Trust | 1.32% | 80 NS | April 30, 2026 | N-PORT |
| FXL · First Trust Exchange-Traded AlphaDE… | 1.23% | 112,184 NS | April 30, 2026 | N-PORT |
| OASC · Unified Series Trust | 1.10% | 5,453 NS | May 31, 2026 | N-PORT |
| SMIZ · Zacks Trust | 0.88% | 13,324 NS | May 31, 2026 | N-PORT |
| LSVD · ADVISORS' INNER CIRCLE FUND | 0.85% | 31,670 NS | April 30, 2026 | N-PORT |
| CALF · Pacer Funds Trust | 0.84% | 177,502 NS | April 30, 2026 | N-PORT |
| AFMC · First Trust Exchange-Traded Fund VI… | 0.81% | 7,694 NS | May 31, 2026 | N-PORT |
| VERS · ProShares Trust | 0.77% | 330 NS | May 31, 2026 | N-PORT |
| FNY · First Trust Exchange-Traded AlphaDE… | 0.60% | 18,965 NS | April 30, 2026 | N-PORT |
| ROUS · Lattice Strategies Trust | 0.54% | 19,408 NS | April 30, 2026 | N-PORT |
| VUSE · ETF Series Solutions | 0.53% | 21,386 NS | May 31, 2026 | N-PORT |
| FLCC · Federated Hermes ETF Trust | 0.49% | 3,464 NS | May 31, 2026 | N-PORT |
| KRMA · Global X Funds | 0.48% | 3,419 NS | May 31, 2026 | N-PORT |
| ABOT · Abacus FCF ETF Trust | 0.45% | 122 NS | April 30, 2026 | N-PORT |
| TMFX · RBB Fund, Inc. | 0.45% | 848 NS | May 31, 2026 | N-PORT |
| FLOW · Global X Funds | 0.41% | 699 NS | May 31, 2026 | N-PORT |
| QGRO · AMERICAN CENTURY ETF TRUST | 0.40% | 52,197 NS | May 31, 2026 | N-PORT |
| JPME · J.P. Morgan Exchange-Traded Fund Tr… | 0.40% | 10,718 NS | April 30, 2026 | N-PORT |
| BKSE · BNY Mellon ETF Trust | 0.37% | 1,831 NS | April 30, 2026 | N-PORT |
| MIDE · DBX ETF Trust | 0.34% | 68 NS | May 29, 2026 | N-PORT |
| JPUS · J.P. Morgan Exchange-Traded Fund Tr… | 0.31% | 8,542 NS | April 30, 2026 | N-PORT |
| FNX · First Trust Exchange-Traded AlphaDE… | 0.31% | 25,164 NS | April 30, 2026 | N-PORT |
| BFOR · ALPS ETF Trust | 0.30% | 3,731 NS | May 31, 2026 | N-PORT |
| FLRG · FIDELITY COVINGTON TRUST | 0.27% | 4,749 NS | April 30, 2026 | N-PORT |
| QLV · FlexShares Trust | 0.27% | 2,821 NS | April 30, 2026 | N-PORT |
| FNDA · SCHWAB STRATEGIC TRUST | 0.27% | 139,384 NS | May 31, 2026 | N-PORT |
| JQUA · J.P. Morgan Exchange-Traded Fund Tr… | 0.26% | 119,721 NS | April 30, 2026 | N-PORT |
| JVAL · J.P. Morgan Exchange-Traded Fund Tr… | 0.26% | 11,515 NS | April 30, 2026 | N-PORT |
| DEUS · DBX ETF Trust | 0.25% | 4,019 NS | May 29, 2026 | N-PORT |
| JMOM · J.P. Morgan Exchange-Traded Fund Tr… | 0.25% | 33,209 NS | April 30, 2026 | N-PORT |
| PTMC · Pacer Funds Trust | 0.24% | 5,811 NS | April 30, 2026 | N-PORT |
| HQGO · Lattice Strategies Trust | 0.24% | 709 NS | April 30, 2026 | N-PORT |
| AVMV · AMERICAN CENTURY ETF TRUST | 0.21% | 7,732 NS | May 31, 2026 | N-PORT |
| FCPI · FIDELITY COVINGTON TRUST | 0.20% | 3,364 NS | April 30, 2026 | N-PORT |
| MVV · ProShares Trust | 0.19% | 1,764 NS | May 31, 2026 | N-PORT |
| SCHA · SCHWAB STRATEGIC TRUST | 0.18% | 244,892 NS | May 31, 2026 | N-PORT |
| FSMD · FIDELITY COVINGTON TRUST | 0.18% | 26,139 NS | April 30, 2026 | N-PORT |
| DFAS · Dimensional ETF Trust | 0.18% | 154,690 NS | April 30, 2026 | N-PORT |
| FAD · First Trust Exchange-Traded AlphaDE… | 0.18% | 5,216 NS | April 30, 2026 | N-PORT |
| BBMC · J.P. Morgan Exchange-Traded Fund Tr… | 0.17% | 21,537 NS | April 30, 2026 | N-PORT |
| MIDU · Direxion Shares ETF Trust | 0.16% | 845 NS | April 30, 2026 | N-PORT |
| SCHM · SCHWAB STRATEGIC TRUST | 0.16% | 137,883 NS | May 31, 2026 | N-PORT |
| VALQ · AMERICAN CENTURY ETF TRUST | 0.16% | 3,271 NS | May 31, 2026 | N-PORT |
| SMDX · Tidal Trust III | 0.13% | 1,030 NS | April 30, 2026 | N-PORT |
| UMDD · ProShares Trust | 0.13% | 246 NS | May 31, 2026 | N-PORT |