Cirrus Logic (NASDAQ:CRUS) is another electronics component company, much like Skyworks. CRUS specializes in “mixed-signal integrated circuits” and is another Apple supplier, only it services primarily the iPod and iPad.
The connection to Apple is super attractive. But even more attractive is a P/E of less than 10 even after a stunning 44% gain so far in 2012! Rivals in the electronics business trade for price-to-earnings ratios of twice that.
Cirrus supplies manufacturers of Blu-ray players, TVs and stereo speakers, too, so there’s diversity in the company’s revenue stream. As gadgets in general see higher adoption and the need for more complex circuitry, CRUS is riding the high-tech wave.
If Apple keeps booming and throwing more business Cirrus’ way, the growth for this stock will truly be impressive.