
Mid-cap fabless semiconductor company Cirrus Logic, Inc. (NASDAQ: CRUS) saw its stock climb nearly 7% on Wednesday following an impressive earnings beat reported in the after-hours on Tuesday. The strong results prompted multiple analyst upgrades, including one from Benchmark, which cited a solid Q3 performance and a promising outlook. After a steep decline from its 52-week highs, Cirrus Logic appears to be regaining momentum, raising the question, does this mark an opportune time to invest?