The following video is part of our "Motley Fool Conversations" series, in which senior technology analyst Eric Bleeker and chief technology officer Jeremy Phillips discuss topics across the investing world.
Cirrus Logic has been on a furious run so far in 2012. Year to date, the company has seen a surge of 66%, leaving the returns of the red-hot Nasdaq in the dust. However, Cirrus Logic now trades at a P/E north of 20, which is a healthy premium to the semiconductor industry and a high level for a company that sees 63% of sales from its largest customer, Apple. Eric has recommended investors buy Cirrus Logic on several occasions, but with the company now double his initial buy recommendation, he dives into whether investors should buy more Cirrus or look for better opportunities.
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