Cirrus Logic Rises On Unusually High Volume (CRUS)

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.

NEW YORK ( TheStreet) -- Cirrus Logic (Nasdaq: CRUS) is trading at unusually high volume Friday with 7.4 million shares changing hands. It is currently at two times its average daily volume and trading up $3.09 (+11.6%) at $29.80 as of 12:50 p.m. ET.

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Cirrus Logic has a market cap of $1.96 billion and is part of the technology sector and electronics industry. Shares are up 3.4% year to date as of the close of trading on Thursday.

Cirrus Logic, Inc., a fabless semiconductor company, develops signal processing integrated circuits (ICs) for audio and energy markets. The company has a P/E ratio of 18.7, above the S&P 500 P/E ratio of 17.7.

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. You can view the full Cirrus Logic Ratings Report.

See all heavy volume stocks in our stocks moving on unusual volume list or get investment ideas from our investment research center.

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