OVERVIEWCirrus Logic Inc. (NASDAQ:CRUS), a leading company in low-power, high-precision mixed-signal processing solutions that create innovative user experiences for the world’s top mobile and consumer applications makes for intriguing investments as it still trades at attractive valuations. The tech company provides integrated circuits for audio and voice signal processing applications and products include analog and mixed-signal components targeting mobile devices, smart homes, and applications in the automotive, energy and, industrial markets.RECORD REVENUE IN SEPTEMBER THANKS TO APPLECirrus’ Q2 revenue jumped 34% year over year to a record $466 million, which was at the higher end of the company’s guidance range. The tech firm pointed out that the impressive growth was widely driven by customers’ ramp-up of components ahead of Apple’s recent launch of the iPhone 13 line-up. Apple, Cirrus’ largest customer, accounted for 83% of its total revenue in fiscal 2021. The iPhone maker produced 80% of Cirrus’ total revenue in the previous quarter indicating that Apple smartphones are using more chips from Cirrus and is playing a key role in its growth.Power conversion chips are supplied by Cirrus to Apple for their latest iPhones, along with audio codecs. Cirrus’ revenue from the high-performance mixed-signal segment, increased 145% year over year to $165.1 million, accounting for 35% of the tech firm’s top line. The segment supplies camera controllers, haptics and sensing chips, and fast-charging and power-related components.CONCLUSIONAfter a continued rally throughout 2020 and 2021, technology shares seem expensive. Investors should therefore consider technology companies trading at low valuations.Analysts expect Cirrus to clock double-digit percentage earnings growth between 2022 and 2027. This will be a tremendous improvement over the flat earnings growth in the five years prior.Unsurprisingly, with Cirrus trading at just 20 times trailing earnings as compared to the S&P 500’s average of 29, investors looking to buy a tech stock right now will do well looking at this company.To invest in stocks, visit our website today.