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Cirrus Shares Drawing Interest

By:
Lucas Downey
Published: Sep 6, 2024, 14:51 GMT+00:00

Cirrus Logic, Inc. (CRUS) has long been a leading mobile phone chip provider, but its prospects are growing more thanks to AI-driven mobile devices.

Nasdaq tree, FX Empire

In this article:

CRUS develops mixed-signal processing solutions for audio and high-performance mixed-signal products. Cirrus solutions are used widely in mobile and consumer applications, including prominently in the world’s most popular mobile phones.

Cirrus results for 2025’s first-quarter showed increased revenue of 18% on a year-over-year basis to $374 million (ahead of the consensus $318 million estimate). Also, Cirrus’ adjusted per-share earnings jumped 67% year-over-year to $1.12 versus a consensus expectation of $0.61.

It’s no wonder CRUS shares are up 66% this year – and they could rise more. MAPsignals data shows how a rare bullish signal reflects Big Money investors are betting heavily on the forward picture of the stock.

Big Money Jumping on Cirrus

Institutional volumes reveal plenty. In the last year, CRUS has enjoyed strong investor demand, which we believe to be institutional support.

Each green bar signals unusually large volumes in CRUS shares. They reflect our proprietary inflow signal, pushing the stock higher:

Source: www.mapsignals.com

Plenty of technology names are under accumulation right now. But there’s a powerful fundamental story happening with Cirrus.

Cirrus Fundamental Analysis

Institutional support and a healthy fundamental backdrop make this company worth investigating. As you can see, CRUS has strong sales and earnings growth:

  • 3-year sales growth rate (+10.3%)
  • 3-year sales earnings rate (+22.4%)

Source: FactSet

Also, EPS is estimated to ramp higher this year by +8.2%.

Now it makes sense why the stock has been powering to new heights. CRUS has a track record of strong financial performance.

Marrying great fundamentals with our proprietary software has found some big winning stocks over the long term.

Cirrus has been a top-rated stock at MAPsignals. That means the stock has unusual buy pressure and growing fundamentals. We have a ranking process that showcases stocks like this on a weekly basis.

It’s made the rare Top 20 report multiple times in the last year, with more potentially on the horizon. The blue bars below show when CRUS was a top pick…sending shares higher:

Source: www.mapsignals.com

Tracking unusual volumes reveals the power of money flows.

This is a trait that most outlier stocks exhibit…the best of the best. Big Money demand drives stocks upward.

Cirrus Price Prediction

The CRUS rally isn’t new at all. Big Money buying in the shares is signaling to take notice. Given the historical gains in share price and strong fundamentals, this stock could be worth a spot in a diversified portfolio.

Disclosure: the author holds no position in CRUS at the time of publication.

If you are a Registered Investment Advisor (RIA) or are a serious investor, take your investing to the next level, learn more about the MAPsignals process here.

About the Author

Lucas Downeycontributor

Lucas is a well-versed equity investor and educator. He currently is co-founder of research and analytics firm, MAPsignals.com, which focuses on finding outlier stocks by following the Big Money.

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