Stock Update : Mid Day Stocks Alert (CRUS, DTV, HIS, CFI)

Cirrus Logic, Inc. (NASDAQ:CRUS) is one of the hot stock and soared 9.615 to $16.99 after climbing to its 52-week high of $17.04 earlier in the session.

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Chief Executive Officer Jason Rhode told CNBC that the company, whose biggest customer is Apple Inc. (AAPL US), boosted inventory to meet demand.

The stock has recovered about 325% from its 52-week low of $4.01.

DIRECTV (NASDAQ:DTV) is under selling pressure on Thursday with a fall of 45 to $37.81 on over 17.71 million shares.

Today, analyst at Wells Fargo & Co downgraded the stock to “market perform” from “outperform”.

DIRECTV, incorporated in 2009, is a provider of digital television entertainment in the United States and Latin America. The Company operates two direct-to-home (DTH) operating segments: DIRECTV U.S. and DIRECTV Latin America. DIRECTV Holdings LLC and its subsidiaries (DIRECTV U.S.)

IHS Inc. (NYSE:IHS) is one of the biggest gainer and surged over 5% to 58.38 and made a new 52-week high of $58.43 after the company reported a stronger than expected second quarter earnings.

The company reported that it earned $38.5 million or 60 cents a share, compared to net income of $32.0 million or 50 cents a share a year ago. adjusted EPS worked out at $0.78.

Revenue grew 13% to $266.5 million from $235.3 million a year ago.

Analysts were expecting the company to report earnings of 74 cents a share.

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Culp, Inc. (NYSE:CFI) fell 4% to $12.43 with over 125K shares.

The company reported an increase of 217.6% to $5.4 million or 41 cents a share in its fourth quarter’s net income, compared to net income of $1.7 million or 13 cents a share a year ago.

Revenue also jumped 19.7% to $57.2 million from $47.8 million a year ago.

Net sales for the fiscal year 2010 rose 1.2% to $206.4 million from $204.0 million a year ago. Net income for the year was $13.2 million or $1.01 per diluted share compared to net loss of $38.8 million or $3.07 per share a year ago.

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