Is It Finally Time to Buy This Incredibly Cheap Semiconductor Stock?

Cirrus Logic (NASDAQ: CRUS) investors were in for a positive surprise after the company released results for its fiscal 2025's third quarter (ended Dec. 28) on Feb. 4, as robust demand for its semiconductors, which are used in smartphones and laptops, helped it exceed the higher end of its guidance range. Best known for supplying chips used in Apple's products such as iPhones and iPads, Cirrus saw quarterly revenue of $556 million, which was well ahead of its original guidance range of $480 million to $540 million. Even though the chipmaker's top line was down 10% from the year-ago period, investors reacted positively to the better-than-expected results.The good part is that Cirrus is set to return to growth from the current quarter. Does this mean it is time for investors to buy shares of this company, which gets almost all of its revenue from a single customer? Let's see.Continue readingWeiter zum vollständigen Artikel bei MotleyFool Weiter zum vollständigen Artikel bei MotleyFool