10 Most Undervalued Semiconductor Stocks to Invest in

5. Cirrus Logic Inc (NASDAQ:CRUS)

Potential Upside: 19.66%

Forward P/E: 16.51

Number of Hedge Fund Holders: 25

In a report released on December 12, Thomas O’Malley, an analyst at Barclays, maintained his Hold rating on Cirrus Logic (NASDAQ:CRUS) stock. He also maintained the $95 price target, originally set on November 5, immediately after the company’s Q2 Fy2026 earnings report.

In stark contrast to the above, on December 10, analyst Tore Svanberg of Stifel maintained a Buy rating on the stock, assigning a target price of $150. This bullish sentiment stems from the company’s launch of the CS40L5X series on December 9. This is a closed-loop haptics driver for the automotive industry. Cirrus Logic has traditionally been focused on the smartphone market. But the company is now moving into the automotive market to drive growth, and this product launch is a step in that direction. This move will not only help growth but also reduce reliance on a single sector.

Tore Svanberg believes this move aids the company’s drive to focus on the High-Performance Mixed-Signal (HPMS) segment. The stock fell right after the November 4 earnings announcement. However, with this move, analysts remain upbeat about the company’s growth prospects, even as investors exited the stock immediately after the earnings due to relatively disappointing guidance.

Cirrus Logic (NASDAQ:CRUS) is a fabless semiconductor company that provides low-power, high-precision mixed-signal processing solutions for mobile and consumer applications. The company operates in two main segments, Audio and High-Performance Mixed-Signal (HPMS). It is based in Austin, Texas.