Cirrus Logic Inc. (CRUS): Today's Featured Technology Winner

Editor's Note: TheStreet ratings do not represent the views of TheStreet's staff or its contributors. Ratings are established by computer based on metrics for performance (which includes growth, stock performance, efficiency and valuation) and risk (volatility and solvency). Companies with poor cash flow or high debt levels tend to earn lower ratings in our model.

Cirrus Logic ( CRUS) pushed the Technology sector higher today making it today's featured technology winner. The sector as a whole closed the day down 0.4%. By the end of trading, Cirrus Logic rose 30 cents (1%) to $29.97 on average volume. Throughout the day, 4.2 million shares of Cirrus Logic exchanged hands as compared to its average daily volume of 3.3 million shares. The stock ranged in a price between $29.57-$30.56 after having opened the day at $30.17 as compared to the previous trading day's close of $29.67. Other companies within the Technology sector that increased today were: Perion Network ( PERI), up 20.1%, Suntech Power Holdings ( STP), up 12.2%, Parametric Sound ( PAMT), up 11.9%, and Actions Semiconductor ( ACTS), up 11.1%.
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Cirrus Logic, Inc., a fabless semiconductor company, develops signal processing integrated circuits (ICs) for audio and energy markets. Cirrus Logic has a market cap of $1.85 billion and is part of the electronics industry. The company has a P/E ratio of 17.7, equal to the S&P 500 P/E ratio of 17.7. Shares are down 2.2% year to date as of the close of trading on Monday. Currently there are seven analysts that rate Cirrus Logic a buy, no analysts rate it a sell, and two rate it a hold.

TheStreet Ratings rates Cirrus Logic as a buy. The company's strengths can be seen in multiple areas, such as its robust revenue growth, largely solid financial position with reasonable debt levels by most measures, increase in net income, solid stock price performance and growth in earnings per share. We feel these strengths outweigh the fact that the company shows weak operating cash flow.

On the negative front, Uni-pixel ( UNXL), down 12%, Vringo ( VRNG), down 9.1%, Alcatel-Lucent ( ALU), down 8.7%, and Cypress Semiconductor Corporation ( CY), down 8.4%, were all laggards within the technology sector with Dell ( DELL) being today's technology sector laggard.

For investors not wanting singular stock exposure, ETFs may be of interest. Investors who are bullish on the technology sector could consider Technology Select Sector SPDR ( XLK) while those bearish on the technology sector could consider ProShares Ultra Short Technology ( REW).

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