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Cypress Semiconductor Corporation (CY) designs, develops, manufactures, markets, and sells embedded system solutions worldwide.
It operates in two segments, Microcontroller and Connectivity Division and Memory Products Division.
The Microcontroller and Connectivity Division provides microcontroller (MCU), analog, and wireless and wired connectivity solutions, including Traveo automotive MCUs; programmable system-on-chip MCUs; ARM Cortex-M4, -M3, and -M0+ MCUs; R4 CPUs; analog power management integrated circuits and energy harvesting solutions; CapSense capacitive-sensing controllers; TrueTouch touchscreen and fingerprint reader products; USB controllers comprising solutions for the USB-C and USB power delivery standards; and Wi-Fi, Bluetooth, Bluetooth low energy and ZigBee radios, and WICED development platforms for the Internet of things (IoT). This segment also offers wireless IoT connectivity solutions.
The Memory Products Division provides NOR and NAND flash memories, static random access memory (SRAM) products, HyperRAm, synchronous and asynchronous SRAMs, nvSRAMs, F-RAM ferroelectric memory devices, and specialty memories and clocks.
The company serves various markets, including automotive, industrial, consumer, computation, white goods, communications, handsets, PC peripherals, mobile devices, networking, telecommunications, video, data communications, and medical markets.
It sells its semiconductor products through distributors and manufacturing representative firms, as well as through sales force to direct original equipment manufacturers and their suppliers. The company has a strategic foundry partnership with HuaHong Grace Semiconductor Manufacturing Corporation and United Microelectronics Corporation.
Shares have formed a bullish "double bottom" and have now moved above their 50-day moving average. Higher share prices are expected for this stock.
52-Weeks Trading Range: $9.11 - $14.98
Entry Point: $14.00
Stop Loss: $13.20
Target Price: $15.40
CY closed at $14.
