Piper pounds table for Cirrus Logic, predicts iPhone 6S content gain

|About: Cirrus Logic, Inc. (CRUS)|By:, SA News Editor

The iPhone 6S will feature a Cirrus Logic  (CRUS +2.1%) smart codec IC that's more costly than the codec IC found in the iPhone 6, predicts Piper's Ruben Roy, while calling the company's recent selloff a buying opportunity. Roy also makes note of a recent WSJ report stating Apple wants suppliers to produce 85M-90M 6S units by year's end.

Cirrus has been investing heavily in developing smart codecs, which combine traditional audio codecs with DSPs and Class-D amplifiers. The company forecast in April its FY16 (ends March '16) growth would be driven by "content increases and market share expansion" for smart codecs.

Shares are following the Nasdaq higher. FQ1 results arrive on July 22, a day after Apple reports.

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