Cirrus Logic (CRUS, Nasdaq), which specializes in high-precision analog and mixed-signal integrated circuits, hasn’t budged above 10 since 2002. But now it is showing signs of serious revenue growth—from $174 million last year to $250 million next year, with earnings projected to advance from 16 cents a share to 41 cents and 65 cents in the 2010 and 2011 fiscal years, respectively. Expected 5-year earnings growth is 19% a year for a stock trading at just 10 times earnings, for a rock-bottom PEG of 0.58.

Stephen W. Quickel
US Investment Report