10 Undervalued Semiconductor Stocks to Buy According to Analysts

3. Cirrus Logic, Inc. (NASDAQ:CRUS)

Upside Potential: 35%

Fwd. PE: 15.7

Cirrus Logic, Inc. (NASDAQ:CRUS) is a supplier of low-power, high-precision audio and mixed-signal processing solutions for mobile and consumer applications. These solutions include smart codecs, camera controllers, haptic driver and sensing solutions, and boosted amplifiers. The company also has a strong intellectual property portfolio with about 3,940 pending and issued patents worldwide underpinning its competitive positioning.

Building on its audio solutions, Cirrus Logic (NASDAQ:CRUS) recently announced a collaboration with Intel to launch a reference design based on the new Intel Core Ultra processors (series 2) with Cirrus Logic’s high-quality audio solutions. The collaboration will be a win-win for both companies as this will advance Intel’s PC audio technology, delivering enhanced sound quality, low power consumption, and flexible audio options for a wide range of PCs.