Cirrus Logic, Inc. (NASDAQ:CRUS)
CAPS Rating:
The Company develops precision analog and mixed-signal integrated circuits for a range of consumer and industrial markets.
The Company develops precision analog and mixed-signal integrated circuits for a range of consumer and industrial markets.
Recs
Cirrus has had a 35%+ pull-back over the last few months. This after beating last qtr's estimates and signaling high expectations for the coming qtr with their words and actions (ie share buy back). They are tied to the hip with Apple and I don't see that as a liability; think iphone5/ipad mini and Christmas/China. Cirrus should come roaring back.