Cypress Semiconductor Corp
Broadcom Stock: Will a Dividend Hike Attract Investors?
Broadcom (AVGO) has been regularly returning value to shareholders. The company pays dividends to shareholders and rewards them with share buybacks.
NXP Falls 2.5% on Weak Earnings Guidance
This week’s first semiconductor earnings were those of NXP Semiconductors, which released its second-quarter numbers today.
Semiconductor Stocks Rally on Earnings Surprise
Last week brought positive momentum to semiconductor stocks as most chip companies reported better-than-expected earnings.
Automotive Drives Cypress’s Second-Quarter Earnings
Cypress Semiconductor (CY) has been in the news as it is being acquired by Germany’s Infineon Technologies for about $10 billion.
This Week in Semiconductor Earnings: TXN, INTC, and XLNX
This week will see some major semiconductor earnings announcements. Semiconductor stocks are rallying ahead of their earnings releases.
Will the Cypress-Infineon Deal Face Regulatory Hurdles?
Infineon Technologies is set to buy US-based chip maker Cypress Semiconductor (CY) for $10 billion. The deal is expected to close by the end of 2019 or early 2020 if it receives approval from both the US and China. Both companies’ boards have already approved the acquisition.
Why Is Infineon Paying a Premium for Cypress?
Cypress Semiconductor (CY) has recently agreed on a buyout offer from German chip maker Infineon Technologies. Infineon is paying $23.85 per share, a nearly 50% premium, to Cypress’s shareholders—a price considered too high for the expected synergies by some analysts.
Is the Cypress Deal Financially Attractive for Infineon?
Germany-based Infineon Technologies plans to acquire US chip maker Cypress Semiconductor (CY) for a deal value of 9 billion euros ($10.06 billion). Infineon has agreed to pay $23.85 per share to Cypress’s shareholders, which some analysts consider to be too high.
Infineon Raises $1.7 Billion in Capital to Fund Its Cypress Deal
German chip maker Infineon Technologies has reportedly raised 1.55 billion euros (~$1.74 billion) in capital by selling its shares to fund its acquisition of Cypress Semiconductor (CY). Infineon has sold ~113 million new shares at 13.70 euros each.
How Cypress’s Dividend Yield Compares to Peers
Cypress Semiconductor (CY) has a strong cash flow structure, and thus it rewards its shareholders with regular dividends.
How China Could Pose a Threat to the Cypress-Infineon Deal
Infineon Technologies, which is a Germany-based chipmaker, has formed an acquisition agreement to buy US rival Cypress Semiconductor (CY) for $10 billion.
How Did Cypress-Infineon Merger Benefit Deal Advisers?
On Monday, Germany-based Infineon Technologies and California-based Cypress Semiconductor (CY) inked a deal under which Infineon will acquire Cypress for $23.85 per share in cash.
How Will Infineon Acquisition Deal Benefit Cypress?
Cypress Semiconductor (CY) stock rose close to 24% to $22.07 on Monday, nearing an eight-year high after it received a buyout offer from Germany-based chipmaker Infineon Technologies AG for $10.06 billion.
Infineon Anticipates Cost Synergies from Cypress Acquisition
Germany-based Infineon is buying US chipmaker Cypress Semiconductor (CY) for 9 billion euros (or $10.06 billion).
How Cypress Deal Could Boost Infineon’s Product Offerings
US-based Cypress Semiconductor (CY) has accepted a buyout offer from rival German chipmaker Infineon Technologies.
Cypress Stock Soared 24% on Acquisition Offer from Infineon
Cypress Semiconductor (CY) jumped 23.9% on Monday and closed at $22.07 after German chipmaker Infineon Technologies agreed to buy the US chipmaker amid global uncertainty.
Cypress Stock: Analysts Raised the Target Price
Among the 12 analysts covering Cypress Semiconductor (CY), one recommended a “buy,” while 11 recommended a “hold.”
Cypress Stock Rose Due to Buyout Offer from Infineon Technologies
On June 3, Cypress Semiconductor shares rose ~25% in pre-market trade after the company agreed to a buyout offer from Infineon Technologies.
How Did Cypress Stock Perform in May?
Cypress impressed its investors with upbeat Q1 2019 results on April 25.
Cypress Stock Soared 12% Yesterday on Takeover Rumors
Cypress Semiconductor (CY) stock closed 12.01% higher on Wednesday at $17.25 on reports hinting that the chipmaker might consider itself a takeover target.
Why Cypress Stock Was Up 2.16% on Monday
Cypress Semiconductor (CY) rose 2.16% on March 11 to $15.13 after the company received regulatory approval for its joint venture with SK Hynix.
NXP Stock Falls More than 3% on Disappointing Q1 Guidance
NXP stock fell more than 3% in the first half of the trading session on February 7 as investors reacted to its fourth-quarter results.
Intel’s IoT and Programmable Solutions Businesses at a Glance
Intel (INTC) has been leveraging its six core technologies to expand in the IoT (Internet of Things) and automotive spaces.
Intel’s Memory Business Was Close to Breaking Even in 2018
Intel’s third-largest business is its NSG (Non-Volatile Memory Solutions Group), whose revenue rose 24.5% YoY to $1.1 billion in the fourth quarter.
Cypress’s Q1 2019 Guidance Reflects Weak Demand Environment
Cypress Semiconductor (CY) enjoyed strong growth in 2018 driven by demand from the automotive, industrial, and 5G (fifth generation) sectors.
What Is Cypress’s Strategy to Improve Profitability?
Cypress Semiconductor’s (CY) Cypress 3.0 business model has been accelerating its growth over the last two years.
Here Are Cypress’s Key Revenue Drivers
Cypress Semiconductor (CY) is a manufacturer of embedded solutions that connect, compute, and store data for the automotive, industrial, enterprise, and consumer markets.
Cypress’s 2018 Revenue Reflects Benefit of Business Transition
In January, several semiconductor companies reported YoY revenue declines for the December 2018 quarter.
5G to Accelerate Adoption of Edge Computing in 2019 and 2020
An IoT (Internet of Things) device needs three components to perform edge computing: microcontroller, memory, and connectivity solutions.
Cypress Semiconductor Stock Rose 14% in July
Cypress Semiconductor’s net income rose 67.0% YoY to $125.0 million in the second quarter.
When Internet of Things Could Reflect in Semiconductor Earnings
IC Insights forecasts IoT semiconductor sales to grow at a CAGR of 14.9% from 2015 to 2020, with the biggest growth coming from connected vehicles at 32.9%.
The Semiconductor Industry: Key Developments in 2018
Although the semiconductor industry may not be able to replicate the double-digit growth it saw in 2017, it could continue to grow in 2018.
Which Semiconductor Companies Are Potential Acquisition Targets in 2018?
Analysts at Morgan Stanley and KeyBanc Capital Markets have listed Cypress Semiconductor (CY) as a potential acquisition target.
Why Broadcom Is on the List of Top-Dividend-Paying Semiconductor Stocks
Dividends come at the cost of a stock’s growth potential because a company can use that cash to reinvest in its businesses in order to boost growth.
Why AMD and Intel Are in the Top 5 Most Volatile Semi Stocks
Short-term investors and traders are interested in highly volatile stocks as they look to profit from strong price movements through options trading.
A Look at Marvell’s Cash and Debt Position
Marvell Technology (MRVL) improved its profitability significantly in the last year by cutting costs and refocusing its research and development efforts on high-margin, high-growth markets.
Cypress Semiconductor Stock Last Week and the Reason for the Fall
The stock of semiconductor (SMH) company Cypress Semiconductor (CY) fell 12.6% in the week ended December 1, 2017, to close at $15.19.
How Asset Divestment Affected NXP Semiconductors’ Performance
In 3Q17, NXP reported revenues of about $2.4 billion, implying a decrease of 3.0% year-over-year.
Why Cypress Semiconductor Is Raising Debt
Cypress Semiconductor finished 3Q17 with a cash balance of $131.6 million, up from $108.8 million in 2Q17.
How Cypress Semiconductor Posted Record Revenues in 3Q17
Cypress Semiconductor (CY) reported record revenues in 3Q17, supported by expanding bill-of-material coverage. Its IoT wireless connectivity grew 80% year-over-year in 3Q17.
Inside NVIDIA’s Rewards versus Risks
NVIDIA’s (NVDA) revenue rose 56% YoY (year-over-year), while its operating income rose 191% YoY in fiscal 2Q18.
Your Top 5 Semiconductor Stocks by Dividend Yield
As of September 12, 2017, Qualcomm (QCOM) had the largest annualized dividend yield of 4.5%, followed by Cypress Semiconductor (CY) at 3.2%.
Inside the Top 5 Most Volatile Semiconductor Stocks
Intel (INTC) is the world’s largest semiconductor company and also the least volatile semiconductor stock, though it has a beta of 1.23.
Will Dish Network Be Able to Build Out Its Spectrum?
Earlier this year, Dish Network (DISH) was the second-largest buyer at the FCC’s 600 MHz auction, spending $6.2 billion.
A Survey of Cypress Semiconductor’s Cost Structure
Scrutiny of Cypress’s cost structure reveals interesting details about the Cypress 3.0 strategy execution—and its influence on budget allocation.
Tracing the Impact of the Cypress 3.0 Strategy
Under this strategy, Cypress was supposed to focus on developing and marketing embedded solutions aimed at markets that are growing rapidly.
Interpreting NXP Semiconductors’ Scorecard
NXP Semiconductors is headed for a merger with Qualcomm in a $38 billion cash deal that could create the world’s largest supplier of automotive chips.
How Is Cypress Stock Performing Compared to Its Peers?
In the last 12 months, Cypress’s stock price rose 26%, outperforming the S&P 500 Index (SPY), which rose 14%.
How Cypress Plans to Leverage Its USB Type-C Opportunity
Cypress has a $300 million order pipeline for its new connector.
Microcontroller and Connectivity Business: Cypress’s Growth Driver
Cypress’s MCD revenues rose 8% sequentially to $317.9 million in 1Q17, accounting for 59.8% of the company’s revenues.
How Has Cypress’s Memory Business Performed?
Cypress Semiconductor (CY) completed its business transition from a silicon supplier to an integrated embedded system supplier in fiscal 2016.
What Could Drive Cypress’s Revenues in Fiscal 2017?
Cypress entered 2Q17 with over 90% orders booked. Its book-to-bill ratio increased from ~1.1 to 1.3 due to supply constraints in the semiconductor market.
Can Cypress 3.0 Find Its Footing in Fiscal 2017?
Cypress (CY) plans to announce its 2Q17 earnings on July 27, 2017. In this series, we’ll see what investors should expect from its upcoming earnings and growth potential.
Technical Analysis of Qualcomm versus Its Peers
Qualcomm (QCOM) stock generated a return of ~4.3.% in the trailing-12-month period, compared to an ~6.6% return in the trailing-one-month period.
Intel’s Debt Analysis for 2017
With a book value of ~$14.20 per share, Intel is trading at a price-to-book value of 2.5x.
Are Dividends at Marvell Safe?
Increasing capital returns to shareholders is one of Marvell’s (MRVL) management’s main priorities. The company returned $155 million to shareholders in fiscal 4Q17.
Behind Cypress’s Product Strategy for NOR Flash
Cypress is witnessing strong growth for its USB type-C ports, but as the market matures and USB-C gets commoditized, it will likely shift focus toward high-margin USB products.
How Much Does Cypress Stand to Benefit from Apple’s and Samsung’s Latest Designs?
Cypress (CY) is rumored to be in the process of securing a smartphone design win for its USB type-C port from Apple (AAPL) and Samsung (SSNLF).
This Is Making Cypress a Market Leader in USB-C
Cypress (CY) is aiming to gain more market share in the USB space with its new USB-C port, a common connector for all electronics devices.
How Cypress’s Go-Broad Strategy Could Impact Its IoT Earnings
Cypress (CY) is looking to become a market leader in the IoT space by adopting what it refers to as its “Go-Broad” strategy.
How Cypress’s WICED Software Could Support IoT Growth
Cypress’s (CY) latest strategies have put the company in competition with giants like Qualcomm (QCOM), Marvell (MRVL), and Mediatek in the IoT space.
What Makes Cypress’s IoT Portfolio Stand Out?
IC Insights estimates that the IoT semiconductor market will reach $30 billion by 2019. Cypress is looking to tap this market through product innovation.
Inside Cypress’s Automotive Partnerships in 2017
In 2016, Cypress added another peripheral of superior technology connectivity solutions offered by Broadcom. It now offers a combination of Bluetooth and Wi-Fi.
Understanding Cypress’s Tech Roadmap in Automotive
Cypress sees strong growth opportunities across segments in the automotive market, and it wants to boost its automotive revenue by 8%–12% annually over five years.
Where Cypress Stands Now in Body Electronics
Cypress Semiconductor (CY) expects the body electronics market to grow at a CAGR of 8.5% between 2016 and 2021.
What’s Cypress Want with ADAS?
Cypress estimates that ADAS shipments will grow at a CAGR of 21% between 2016 and 2021, while vehicle production is estimated to grow only 3%.
Behind Cypress’s Offerings in Car Connectivity and Infotainment
Cypress Semiconductor (CY) completed the acquisition of Broadcom’s (AVGO) IoT business in an effort to improve its vehicle connectivity offerings.
Why Cypress Is Targeting Instrument Clusters
The chip market is consolidating in order to tap the big opportunities in the automotive industry.
Where Is Cypress Positioned in Automotive Semiconductors?
One of the biggest growth markets among semiconductors is automotive, which accounted for 31% of Cypress Semiconductor’s (CY) revenue in fiscal 4Q16.
Inside Cypress’s Strategy to Rule the Embedded Market
Most semiconductor companies are now moving into the automotive and IoT industries to boost growth. Large among them is Cypress Semiconductor (CY).
What’s Going On with Cypress Management?
Cypress Semiconductor (CY) has transitioned to the 3.0 model, and the new model has new management.
A Look at Cypress Semiconductor’s Debt Repayment Strategy
Cypress Semiconductor (CY) is looking to increase its cash flow and use the excess cash to repay its debt.
How Cypress Streamlined Operations Using Market Approach
Cypress Semiconductor (CY) is reducing its manufacturing footprint. Instead, it’s improving fab utilization and optimizing its portfolio.
Cypress Semiconductor’s Strategy to Improve Gross Margin
Cypress Semiconductor (CY) aims to increase its gross margin from 40.0% currently to 43.0% by fiscal 4Q17 and 47.9% by fiscal 4Q18.
Why Analysts Are Happy about Cypress’s Gross Margin Strategy
Some analysts say that most of Cypress’s automotive and industrial products are in the design process and would take time to materialize into revenue.
Why Cypress Semiconductor Restructured Its Business Segments
Cypress has combined its four business segments into two: MCD (Microcontroller and Connectivity Division) and MPD (Memory Products Division).
Cypress Semiconductor and Its Cypress 3.0 Model: Earnings Driver?
Over the past year, Cypress shares have risen 60.0%. Growth came after the company met or exceeded its earnings guidance for five quarters in a row.
Synergies from the ON–Fairchild Semiconductor Merger
ON Semiconductor (ON) expects the Fairchild Semiconductor merger to bring in annual cost synergies of $225 million by 2019 compared with just $160 million in 2017.
Does Cypress’s High Debt Spell Liquidity Trouble?
The acquisitions of Spansion and Broadcom’s (AVGO) wired IoT (Internet of Things) business has helped Cypress Semiconductor (CY) more than double its revenue in just two years.
Where Is Cypress’s Emerging Technologies Division Heading?
Cypress Semiconductor’s (CY) Data Communications and Programmable Solutions divisions, which together account for 51% of the company’s revenue, have been posting losses.
Where Does Data Communications Fit in Cypress 3.0 Business Model?
The addition of Broadcom’s wireless IoT (Internet of Things) business added $62.6 million to the DCD revenue, increasing its size by 250%.
Cypress Depends on Memory Business to Improve Profits
Cypress Semiconductor (CY) is becoming a complete embedded solutions provider.
Is NXP Semiconductors’ High Leverage a Bad Sign?
At the end of 3Q16, NXP’s total debt stood at $9.4 billion, compared to its cash reserve of $1.6 billion, bringing its net debt to $7.8 billion.
What NXP Semiconductors’ Cash Flows Say about Its Liquidity
NXP completed the integration of Freescale in 4Q15, which saw its FCF (free cash flow) rise 77% sequentially to $308 million in 1Q16.
What’s Really Driving Optimism among Marvell’s Shareholders?
Marvell Technology’s major strength is its zero debt, which removes the burden of interest payments, leaving a major portion of its profit for shareholders.
Are Marvell’s Strong Margins Converting into Increased Cash Flows?
Marvell reported positive operating cash flow in the past eight quarters except in fiscal 1Q17, when it paid $750 million in a Carnegie Mellon lawsuit.
Gauging the Impact of Restructuring on Marvell’s Wireless Business
Marvell Technology Group’s (MRVL) Mobile and Wireless segment completes its cycle of storing, moving, and accessing data.
New Management Puts Marvell Back in Business
Communications semiconductor supplier Marvell Technology (MRVL)—a name that has been in the spotlight for an accounting scandal—is showing signs of revival.
What Does Cypress’s Balance Sheet Say About Its Short-Term Liquidity?
Cypress’s leverage has restricted its long-term investment capability, and its cash reserves of less than $100 million have strained short-term liquidity.
This Continues to be Cypress’s Key Growth Driver
Cypress started its business as a memory supplier and is still the largest SRAM (static random access memory) and NOR Flash memory supplier in the world.
Understanding Cypress’s Restructuring Strategy
Cypress Semiconductor (CY) is on track to improve its gross margin to its target model of 50% through restructuring and merger synergies.
Inside Cypress’s Strategy to Improve Its Gross Margin
Cypress reported strong revenues on the integration of Broadcom’s wireless IoT business, which improved its gross margin until the Spansion merger in 1Q15.
This Will Likely Drive Cypress’s Revenue in Fiscal 4Q16
Cypress’s business transition toward automotive, industrial, and IoT won’t come into effect until fiscal 2017, the firm has already increased its exposure.
How Cypress’s Business Transition Revolves around IoT
The automotive and industrial industries are the fastest growing verticals of IoT among several others, including medical, wearables, and appliances.
Signs of Improvement in Intel’s Cash Flows, Balance Sheet
On July 2, 2016, Intel’s (INTC) cash reserves stood at $17.7 billion compared with debt of $28.6 billion, bringing its net cash balance to -$10.9 billion.
Cypress’s Product Portfolio Well-Placed to Tap the IoT Revolution
Cypress Semiconductor (CY) isn’t among the top 10 semiconductor companies in the world, but it’s made the news.
What Caused Cypress’s Stock to Outperform the Market?
One day after the completion of Cypress Semiconductor’s IoT acquisition on July 5, 2016, the company’s stock started on a growth path.
Will 2016’s Semiconductor Consolidation Wave Gobble Up Cypress?
Analysts have mixed views about the possibility of Cypress Semiconductor’s acquisition.
How True Are Cypress’s Acquisition Rumors?
Cypress Semiconductor isn’t the only semiconductor company to have seen a recent change in management.
What Is Cypress’s Growth Strategy for the Mid-Term?
Broadcom’s wireless IoT business earned revenue of $189 million in 2015. At a price of $550 million, Cypress paid 2.9x the IoT business’s trailing sales.