Last $9.49 USD
Change Today -0.01 / -0.11%
Volume 2.1M
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As of 8:10 PM 10/24/14 All times are local (Market data is delayed by at least 15 minutes).

cypress semiconductor corp (CY) Snapshot

Open
$9.52
Previous Close
$9.50
Day High
$9.60
Day Low
$9.39
52 Week High
06/17/14 - $11.07
52 Week Low
10/15/14 - $8.04
Market Cap
1.5B
Average Volume 10 Days
3.8M
EPS TTM
$0.06
Shares Outstanding
159.3M
EX-Date
09/23/14
P/E TM
151.8x
Dividend
$0.44
Dividend Yield
4.64%
Current Stock Chart for CYPRESS SEMICONDUCTOR CORP (CY)

cypress semiconductor corp (CY) Related Businessweek News

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cypress semiconductor corp (CY) Details

Cypress Semiconductor Corporation provides mixed-signal programmable solutions, specialized semiconductor memories, and integrated semiconductor solutions. The company’s Memory Products division designs and manufactures static random access memory (SRAM) products and nonvolatile SRAMs used to store and retrieve data in networking, wireless infrastructure and handsets, computation, consumer, automotive, industrial, and other electronic systems, as well as offers general-purpose programmable clocks. Its Data Communications division focuses on universal serial bus (USB) controllers, WirelessUSB peripheral controllers, and module based solutions for trackpads and other user interface applications used in PC and peripheral, industrial automation imaging, security camera, and in consumer devices, such as mobile handsets and set-top boxes. The company’s Programmable Solutions division designs and develops programmable product offerings, including Programmable System-on-Chip (PSoC) devices, as well as CapSense and TrueTouch touch-sensing/touch screen products; and automotive products. This segment’s PSoC products are used in various industrial applications, mass storage, household appliances, laptop computers, and toys; TrueTouch touch screen products are used in mobile phones, tablets, e-readers, GPS, automobiles, digital cameras, and other mobile systems; and CapSense devices are used in various applications that employ buttons or sliders, including handsets and various other consumer, industrial, and automotive applications. Its Emerging Technology division provides foundry services, as well as other development stage activities. The company sells its semiconductor products through distributors, manufacturing representative firms, and its sales force to direct original equipment manufacturers and their manufacturers worldwide. It has strategic partnership with IDEX ASA. Cypress Semiconductor Corporation founded in 1982 and is headquartered in San Jose, California.

3,400 Employees
Last Reported Date: 02/27/14
Founded in 1982

cypress semiconductor corp (CY) Top Compensated Officers

Co-Founder, Chief Executive Officer, Presiden...
Total Annual Compensation: $600.0K
Chief Executive Officer of Deca Technologies
Total Annual Compensation: $394.7K
Executive Vice President of Memory Products D...
Total Annual Compensation: $280.0K
Executive Vice President of Data Communicatio...
Total Annual Compensation: $270.6K
Executive Vice President of Marketing and IT
Total Annual Compensation: $329.1K
Compensation as of Fiscal Year 2013.

cypress semiconductor corp (CY) Key Developments

Cypress Semiconductor Corporation Announces Unaudited Consolidated Earnings Results for the Third Quarter and Cash Flow Results for the Nine Months Ended September 28, 2014; Provides Earnings Guidance for the Fourth Quarter of 2014

Cypress Semiconductor Corporation announced unaudited consolidated earnings results for the third quarter and cash flow results for the nine months ended September 28, 2014. For the quarter, the company reported revenues of $187,516,000 compared to $188,723,000 for the same period a year ago. Operating income was $15,675,000 compared to operating loss of $9,989,000 for the same period a year ago. Income before income taxes was $13,785,000 compared to loss before income taxes of $9,562,000 for the same period a year ago. Income net of taxes was $12,554,000 compared to loss net of taxes of $8,788,000 for the same period a year ago. Net income attributable to the company was $12,840,000 or $0.08 per basic and diluted share compared to net loss attributable to the company of $8,358,000 or $0.06 per basic and diluted share for the same period a year ago. Non-GAAP operating income was $29,325,000 compared to $25,113,000 for the same period a year ago. Non-GAAP pretax profit was $28,101,000 compared to $23,680,000 for the same period a year ago. Non-GAAP net income attributable to the company was $26,538,000 or $0.16 per basic and diluted share compared to net income attributable to the company of $22,015,000 or $0.14 per basic and diluted share for the same period a year ago. Net cash provided by operating activities was $8,322,000 compared to $7,905,000 for the same period a year ago. Capital expenditures were $5,800,000 compared to $10,808,000 for the same period a year ago. For the nine months, the company reported net cash provided by operating activities was $77,822,000 compared to $46,525,000 for the same period a year ago. Capital expenditures were $17,178,000 compared to $27,877,000 for the same period a year ago. The company provided earnings guidance for the fourth quarter of 2014. The company expects revenue to be slightly better-than-normal seasonality and decline 1% to 4%, in the range of $180 million to $185 million. The company expects continued softness in its handset customers and seasonality in the distribution channel. Consolidated gross margins to be 53%, plus or minus, as this will vary with utilization, product and customer mix. On the OpEx side, the company will continue its focus to remain flat at $71 million for the quarter. Net interest expense of approximately $1.4 million and minority interest benefit of approximately $300,000 associated with its subsidiaries. The company expects a tax expense of approximately $1.6 million or 6.5% effective tax rate. CapEx will be in the range of $7 million and depreciation of $10 million. Non-GAAP earnings per share are expected to be in the range of $0.13 to $0.15 for the quarter.

Cypress Semiconductor Corporation Announces New Features of its TrueTouch Gen5 Touchscreen Controller

Cypress Semiconductor Corporation announced that its TrueTouch Gen5 touchscreen controller family for large-screen superphones, smartphones, tablets and e-readers now delivers multiple new advanced features, including the gloved-finger tracking on capacitive touchscreens. The TMA568 controller has also added "hover" support, which enables touchscreens to anticipate the touch of a finger and enlarge content, such as points on a map, to make it easier to find and select objects. The new features add to the TMA568 controller's noise-immunity, waterproofing and palm rejection technology. The Gen5 TMA568 controller delivers good accuracy and linearity for multiple fingers of different sizes and gloves of various materials and thicknesses, including ski gloves. In addition, it automatically switches between glove and finger tracking without requiring the user to change settings. The controller's hover detection changes the fundamental navigation functions on mobile devices by emulating the 'mouseover' feature of personal computers, delivering easier, more accurate interface navigation. TMA568 now also offers improved passive stylus support, accurately capturing 1-mm stylus input for handwriting and signatures. This capability is important for writing in languages that require enhanced character recognition for reliable text input, such as Chinese and Japanese. The controller delivers a high degree of accuracy and linearity, along with the fast refresh rates required for handwriting and signature capture. Cypress's unique and patented DualSense technology executes both self-capacitance and mutual-capacitance measurements in the same device, enabling the Gen5 family to offer good waterproofing for seamless performance in real-world conditions. By combining this powerful architecture with an 32-bit ARM(R) Cortex M-Core processor, Gen5 controllers boast 120-Hz refresh rates, and averages low power consumption of 12 mW in active mode and 15 uW in deep-sleep mode. Gen5 controllers drive the touchscreen at 10V and at high frequency with narrow-band, single-pass scanning and advanced hardware DSP filtering. The family's unmatched noise immunity enables designers of next-generation handsets to implement ultra-thin, display-integrated stackups, including In-Cell, On-Cell, & direct lamination onto a noisy display. The result will be thinner, sleeker end products with a flawless user experience. The TrueTouch TMA568 controller is now available in 56-pin QFN and 70-ball BGA packages.

Cypress Semiconductor Corporation to Report Q3, 2014 Results on Oct 16, 2014

Cypress Semiconductor Corporation announced that they will report Q3, 2014 results at 8:30 AM, Pacific Standard Time on Oct 16, 2014

 

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CY

Industry Average

Valuation CY Industry Range
Price/Earnings 100.0x
Price/Sales 2.1x
Price/Book 7.3x
Price/Cash Flow 173.5x
TEV/Sales 1.7x
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