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 Thursday with 6.3 million shares changing hands. It is currently at 2.1 times its average daily volume and trading up $1.41 (+6.5%) at $23.03 as of 4 p.m. ET.

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Cirrus Logic has a market cap of $1.35 billion and is part of the technology sector and electronics industry. Shares are down 27.8% year to date as of the close of trading on Wednesday.

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 6.4, below 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, notable return on equity, attractive valuation levels and expanding profit margins. We feel these strengths outweigh the fact that the company has had sub par growth in net income. You can view the full Cirrus Logic Ratings Report.

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