Cirrus Logic: Undervalued Apple Supplier with Cash-Generative Growth
Cirrus Logic (CRUS) supplies audio and mixed-signal chips to Apple and other device OEMs. At $121.38 the stock trades at ~15x earnings with $572M in free cash flow and an enterprise value of ~$5.26B. With Apple-driven device refresh catalysts and a near-oversold technical setup, a disciplined long entry offers asymmetric upside over the next 45 tra…