Strength Seen in Cirrus Logic (CRUS): Can Its 16.5% Jump Turn into More Strength?

Company Performance - Cirrus Logic (CRUS) shares increased by 16.5% to close at $90.23, following a notable trading volume, contrasting with a 23.9% loss over the past four weeks [1] - The rise in share price is linked to President Trump's announcement of a 90-day suspension on reciprocal tariffs, excluding China, which positively impacted market indices and lifted many stocks, including Cirrus Logic [2] - Company-specific factors such as growing momentum in the laptop market and increased design wins with customers for next-generation flagship smartphones are contributing to the stock's performance [3] Product Demand and Partnerships - Strong demand for Cirrus Logic's latest custom-boosted amplifier and 22nm smart codec is driving growth [4] - Partnerships with Intel and other top OEMs are enhancing the company's presence in the laptop market [4] - The ongoing share buyback program reflects the company's confidence and commitment to shareholder value [4] Earnings Expectations - Cirrus Logic is expected to report quarterly earnings of $1.15 per share, representing a year-over-year decline of 7.3%, with revenues projected at $379.99 million, up 2.2% from the previous year [5] - The consensus EPS estimate for the quarter has remained unchanged over the last 30 days, indicating that stock price movements may not sustain without trends in earnings estimate revisions [6] Industry Context - Cirrus Logic is part of the Zacks Electronics - Semiconductors industry, where another company, Allegro MicroSystems, Inc. (ALGM), saw a 22.7% increase in its stock price, although it has returned -25.7% over the past month [6] - Allegro MicroSystems has an unchanged EPS estimate of $0.05 for its upcoming report, reflecting an 80% decline from the previous year, and currently holds a Zacks Rank of 3 (Hold) [7]