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Cirrus Logic Shares’ Signals Anything But Mixed

Cirrus Logic is growing and it’s showing up in earnings performance. In February, the company began a partnership with other tech companies on a new computer design that will use its high-performance audio and power technologies. And in its recent earnings report, the company announced earnings per share of $1.24, which was up 34.8% from the prior year.

It’s no wonder CRUS shares are up 51% this year – and they could rise more. MAPsignals data shows how Big Money investors are betting heavily on the forward picture of the stock.

Big Money Scooping Up Cirrus Logic Shares

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

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

Source: www.mapsignals.com
Source: www.mapsignals.com

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

Cirrus Logic Fundamental Analysis

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

  • 3-year sales growth rate (+10.3%)

  • 3-year EPS growth rate (+22.4%)

Source: FactSet

Also, EPS is estimated to ramp higher this year by +12.4%.

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 Logic 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 decade. The blue bars below show when CRUS was a top pick…driving value with time:

Source: www.mapsignals.com
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 Logic 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.

This article was originally posted on FX Empire

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