Cirrus Logic (NASDAQ: CRUS)- Two Stocks Offering Great Deals – Part1

   Cirrus Logic (NASDAQ: CRUS)-  Two Stocks Offering Great Deals – Part1 Technology stocks are traded at attractive valuations after recent sales. However, they can show a rapid return thanks to the power they take behind them. Tech stocks retreated at the last minute due to concerns about overvaluation and rising inflation. The tech-heavy NASDAQ-100 Technology Sector Index has erased nearly all of its 2021 earnings in recent weeks, as panic of investors and further profit efforts. Experienced investors often see this as an opportunity and look for ways to buy to make a profit. Buying solid companies with great valuations at such a stage can yield impressive long-term gains. There are currently two stocks worth buying. These are already cheap, but are experiencing great growth on the financial front. In this article, we will examine the first of these two companies in order to enable investors to take advantage of this opportunity.

1- Cirrus Logic (NASDAQ: CRUS)

The success of Apple's (NASDAQ: AAPL) iPhone 12 lineup gave sound chip supplier Cirrus Logic a big chance. Cirrus generated huge sales and earnings figures with the growing demand for the iPhone 12. Chip maker Cirrus announced that Apple, which covers 87 % of its revenue, plans to increase its production in 2021 to meet the recent market increase. According to the information received, the 2021 iPhone model will be produced in higher numbers than the iPhone 12. Wedbush's Daniel Ives estimates that Apple could place an initial order of 100 million units for the iPhone 13. This means that the chip maker will make a big leap forward. With increasing demand, Apple's reproduction of its production indicates that the Cirrus will pave the way in the coming years, and it shows that the year 2022 will be more efficient for the company. Apple sold 206 million iPhones last year, according to IDC. This draw already incorporates the potential success of Apple's 5G-capable iPhones into Cirrus' future earnings performance. According to analysts, it would be best to invest in Cirrus Logic, Apple's supplier, given the way iPhones dominate the 5G space. Cirrus Logic has become an ideal bet for investors looking for a mix of value and growth during the stock market correction.  Cirrus Logic (NASDAQ: CRUS)-  Two Stocks Offering Great Deals – Part1  

Source: The Motley Fool

 

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