CY - Cypress Semiconductor Corporation

NasdaqGS - NasdaqGS Real Time Price. Currency in USD
23.82
0.00 (0.00%)
At close: 4:00PM EDT
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Performance Outlook
  • Short Term
    2W - 6W
  • Mid Term
    6W - 9M
  • Long Term
    9M+
Previous Close23.82
Open23.83
Bid23.84 x 21500
Ask23.85 x 309400
Day's Range23.82 - 23.84
52 Week Range14.91 - 23.84
Volume0
Avg. Volume7,932,196
Market Cap8.934B
Beta (5Y Monthly)N/A
PE Ratio (TTM)216.55
EPS (TTM)N/A
Earnings DateJul 23, 2020 - Jul 27, 2020
Forward Dividend & YieldN/A (N/A)
Ex-Dividend DateN/A
1y Target Est23.43
Fair Value is the appropriate price for the shares of a company, based on its earnings and growth rate also interpreted as when P/E Ratio = Growth Rate. Estimated return represents the projected annual return you might expect after purchasing shares in the company and holding them over the default time horizon of 5 years, based on the EPS growth rate that we have projected.
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    Infineon Introduces Semper™ Secure – World’s Most Advanced, Secured NOR Flash Memory for Automotive, Industrial, and Communications Markets

    With the acquisition of Cypress Semiconductor Corporation, Infineon Technologies AG (FSE: IFX / OTCQX: IFNNY) enhances its expertise in memory solutions. Infineon today announced the addition of Semper Secure to its award-winning Semper NOR Flash memory platform. Based on Semper NOR Flash’s field-proven and robust smart memory architecture, Semper Secure NOR Flash is the first memory solution to combine security and functional safety in a single NOR flash device to deliver the security, safety, and reliability required for the most advanced connected automotive, industrial, and communications systems.

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  • LHC Group Set to Join S&P MidCap 400 and YETI Holdings to Join S&P SmallCap 600
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    LHC Group Set to Join S&P MidCap 400 and YETI Holdings to Join S&P SmallCap 600

    S&P; SmallCap 600 constituent LHC Group Inc. (NASD: LHCG) will replace Cypress Semiconductor Corp. (NASD: CY) in the S&P; MidCap 400, and YETI Holdings Inc. (NYSE: YETI) will replace LHC Group in the S&P; SmallCap 600 prior to the open of trading on Friday, April 17. Infineon Technologies AG (XETR: IFX, PINX: IFNNY) is acquiring Cypress Semiconductor in a transaction expected to be completed soon pending final conditions.

  • Moody's

    NXP B.V. -- Moody's affirms NXP's Baa3 rating; outlook stable

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  • Reuters

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  • With Singapore lockdown underway, 'essential' chipmakers count on less disruption
    Reuters

    With Singapore lockdown underway, 'essential' chipmakers count on less disruption

    In the United States, chipmakers are considered essential businesses and allowed to operate. Chip firms hope Singapore, where officials explicitly named semiconductors as an essential business, will cause fewer disruptions.

  • Reuters

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  • Reuters

    Infineon says Cypress takeover cleared, funding in place

    Infineon Technologies said on Tuesday that it had received final regulator clearance for its takeover of U.S. Cypress Semiconductor and that funding was in place to complete the deal. The German chipmaker announced the $10 billion takeover last June but the deal took longer than expected to reach the finish line as it underwent a U.S. review of its national security implications. The transaction, which will create a leader in automotive powertrain and in-car systems, is being funded with cash and committed acquisition financing from banks, Infineon said in a statement.

  • Cypress Announces Antitrust Clearance in China
    Business Wire

    Cypress Announces Antitrust Clearance in China

    Cypress Semiconductor Corp. (NASDAQ: CY) today announced that Infineon Technologies AG has obtained antitrust clearance from China’s State Administration for Market Regulation ("SAMR") for Cypress' previously announced merger transaction with Infineon. Cypress expects the merger to close on or about April 16, 2020, pursuant to the terms of the merger agreement.

  • Cypress Semiconductor's CEO has been working on a classic muscle car with a very technological twist
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    Cypress Semiconductor's CEO has been working on a classic muscle car with a very technological twist

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  • Cypress Unveils IoT-AdvantEdge™ Solutions Providing Developers a Trusted Design Path to IoT Edge Products
    Business Wire

    Cypress Unveils IoT-AdvantEdge™ Solutions Providing Developers a Trusted Design Path to IoT Edge Products

    Cypress Semiconductor Corp. (NASDAQ: CY) today unveiled solutions that give IoT product developers a simplified path to build high-quality, secure, and reliable IoT products. The solutions, branded IoT-AdvantEdge™, include connectivity devices and microcontrollers, software, tools and support, and capabilities from ecosystem partners to slash development complexity by solving critical IoT product design problems. With IoT-AdvantEdge, companies can overcome the challenges of wireless connectivity, device and cloud security, power consumption, device management and maintenance, component integration, consumer ease-of-use, human-machine interfaces, and platform monetization, to quickly bring reliable, secure, high-quality products to market.

  • Hedge Funds Have Never Been More Bullish On Cypress Semiconductor Corporation (CY)
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    We hate to say this but, we told you so. On February 27th we published an article with the title Recession is Imminent: We Need A Travel Ban NOW and predicted a US recession when the S&P 500 Index was trading at the 3150 level. We also told you to short the market and buy […]

  • INVESTIGATION ALERT: The Schall Law Firm Announces It Is Investigating Claims Against Cypress Semiconductor Corporation and Encourages Investors with Losses to Contact the Firm
    Business Wire

    INVESTIGATION ALERT: The Schall Law Firm Announces It Is Investigating Claims Against Cypress Semiconductor Corporation and Encourages Investors with Losses to Contact the Firm

    INVESTIGATION ALERT: The Schall Law Firm Announces It Is Investigating Claims Against Cypress Semiconductor Corporation.

  • Business Wire

    ROSEN, A TOP RANKED LAW FIRM, Announces Investigation of Securities Claims Against Cypress Semiconductor Corporation – CY

    Rosen Law Firm, a global investor rights law firm, announces it is investigating potential securities claims on behalf of shareholders of Cypress Semiconductor Corporation (NASDAQ: CY) resulting from allegations that Cypress may have issued materially misleading business information to the investing public.

  • GlobeNewswire

    SHAREHOLDER ALERT: Pomerantz Law Firm Investigates Claims On Behalf of Investors of Cypress Semiconductor Corporation - CY

    Pomerantz LLP is investigating claims on behalf of investors of Cypress Semiconductor Corporation (“Cypress” or the “Company”) (NASDAQ: CY). Such investors are advised to contact Robert S. Willoughby at rswilloughby@pomlaw.com or 888-476-6529, ext. The investigation concerns whether Cypress and certain of its officers and/or directors have engaged in securities fraud or other unlawful business practices.

  • TheStreet.com

    Cypress Semi, MagnaChip and Others Share Encouraging Chip Sector News

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  • Dow Jones Today, Stocks Rise As Oil Prices, Stocks Rebound; Cypress Soars On Regulator Approval
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    Dow Jones Today, Stocks Rise As Oil Prices, Stocks Rebound; Cypress Soars On Regulator Approval

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  • Bloomberg

    Infineon, Cypress Shares Jump After Deal Wins CFIUS Clearance

    (Bloomberg) -- Infineon Technologies AG’s $8.7 billion acquisition of Cypress Semiconductor Corp. was approved by the Committee on Foreign Investment in the United States, a small step forward for deals in an industry where regulatory and security concerns have stalled consolidation. Shares of both companies surged.“CFIUS has completed its review of Cypress’s previously announced merger transaction with Infineon Technologies AG and determined that there are no unresolved national security concerns,” Cypress said in a statement Monday. Infineon, based in Munich, also confirmed the approval.The combination still needs sign-off from China’s State Administration for Market Regulation, the companies said.“The most critical hurdle to overcome was CFIUS,” said Holger Schmidt, an analyst at Metzler. “While China pretty much killed the Qualcomm/NXP deal it is important to remember that was in the midst of the trade war between the US and China.” Schmidt added he’s “cautiously optimistic” that the Infineon deal will be approved.Shares of San Jose, California-based Cypress surged more than 40% in extended trading following the announcement. Infineon rose 2.4% to 16.19 euros at 9:09 a.m. in Frankfurt on Tuesday after earlier gaining as much as 6.2%.Semiconductor deals have slowed in recent years because of a U.S.-China trade war and concern among some American policy makers that China is pursuing illicit means to acquire key technology. The attempt to buy Cypress by a German company is seen as a important test of how far the Trump administration is willing to go to curb China’s ambitions. Bloomberg News reported last week that some U.S. national security officials had recommended that President Donald Trump block the transaction.Still, Trump has made some conciliatory statements recently. In a string of tweets last month, the President said that he wants to make it easy for other countries, including China, to do business with the U.S. and keep the lines of trade open.Other industry deals are still in limbo. Santa Clara, California-based Nvidia Corp. is waiting for Chinese approval of its acquisition of Israel’s Mellanox Technologies Ltd. Nvidia executives have said that they expect the transaction to close in the first half of this year. But investors are still concerned that geopolitics may stifle such consolidation.Qualcomm Inc. decided to scrap its $44 billion bid for rival chipmaker NXP Semiconductors NV in 2018 after an almost two-year wait for approval.To contact the reporters on this story: Ian King in San Francisco at ianking@bloomberg.net;Sarah Syed in London at ssyed35@bloomberg.netTo contact the editors responsible for this story: Alistair Barr at abarr18@bloomberg.net, ;Giles Turner at gturner35@bloomberg.net, Amy ThomsonFor more articles like this, please visit us at bloomberg.comSubscribe now to stay ahead with the most trusted business news source.©2020 Bloomberg L.P.

  • U.S. clears Infineon's $10 billion takeover of Cypress
    Reuters

    U.S. clears Infineon's $10 billion takeover of Cypress

    Shares in Infineon Technologies rallied in early trading on Tuesday after a U.S. national security review raised no concerns over its proposed $10 billion takeover of Cypress Semiconductor Corp. Infineon shares opened up 6.1%, regaining some ground lost on a report last week that the Committee on Foreign Investment in the United States (CFIUS) had advised President Donald Trump to block the deal on national security grounds. CFIUS, a body led by the U.S. Treasury, informed Cypress that it had determined "there are no unresolved national security concerns" with the merger, the San Jose, California-based company said in a statement.

  • Cypress Announces Completion of CFIUS Review
    Business Wire

    Cypress Announces Completion of CFIUS Review

    Cypress Semiconductor Corp. (NASDAQ: CY) announced that Cypress has been informed today by the Committee on Foreign Investment in the United States (CFIUS) that CFIUS has completed its review of Cypress’s previously announced merger transaction with Infineon Technologies AG and determined that there are no unresolved national security concerns with respect to the proposed merger. The merger remains subject to receipt of regulatory approval from China's State Administration for Market Regulation and other customary closing conditions under the merger agreement.

  • ACCESSWIRE

    (CY) Shareholder Alert: Bronstein, Gewirtz & Grossman, LLC Notifies Shareholders of Investigation of Cypress Semiconductor Corporation and Encourages Shareholders to Contact the Firm

    NEW YORK, NY / ACCESSWIRE / March 9, 2020 / Bronstein, Gewirtz & Grossman, LLC is investigating potential claims on behalf of purchasers of Cypress Semiconductor Corporation ("Cypress" or "the ...

  • TheStreet.com

    [video]A Cypress/Infineon Deal Rejection Could Have Broader Chip M&A Repercussions

    Should U.S. regulators block the Cypress/Infineon deal on national security grounds, China could respond by blocking M&A; transactions involving U.S. acquirers.

  • ACCESSWIRE

    (CY) Shareholder Alert: Bronstein, Gewirtz & Grossman, LLC Notifies Shareholders of Investigation of Cypress Semiconductor Corporation and Encourages Investors to Contact the Firm

    NEW YORK, NY / ACCESSWIRE / March 6, 2020 / Bronstein, Gewirtz & Grossman, LLC is investigating potential claims on behalf of purchasers of Cypress Semiconductor Corporation ("Cypress" or "the ...

  • TheStreet.com

    Cypress Semiconductor Plunges as Trump Weighs Blocking Infineon's $8.7 Billion Bid

    Semiconductor maker and designer Cypress Semiconductor plunges amid reports the Trump administration may block Infineon Technologies' proposed $8.7 billion takeover bid.