Cypress Semiconductor (CY) reported first-quarter 2013 loss of 5 cents per share, narrower than the Zacks Consensus Estimate of 8 cents loss per share. The adjusted earnings per share exclude one-time items but include stock-based compensation expense. The tight operating expense control contributed to the upside in the results.
Revenues
Cypress reported revenues of $172.7 million, down [...]
Cypress Semiconductor Corporation (CY) recently announced that it has finally reached an agreement to buy Ramtron International Corp. (RMTR) for $3.10 per share in cash. The deal is expected to close by the end of the calendar year.
This was Cypress’ fourth attempt in more than one year to take over its peer Ramtron International. The [...]
Cypress Semiconductor Corporation (CY) announced that it has extended the deadline for the acceptance of its tender offer to buy all of Ramtron International Corp.'s (RMTR) outstanding stock for $2.88 per share by two weeks.
The initial offer of $2.68 per share was raised to $2.88 per share last month, representing a purchase price of about [...]
Cypress Semiconductor Corporation (CY) has raised its all-cash bid to buy all of Ramtron International Corp.'s (RMTR) outstanding stock for $2.88 per share, a 59% premium to Ramtron's closing price of $1.81 as of June 11. This new offer would translate into a purchase price of about $109 million.
The revised offer will expire on September [...]
Cypress Semiconductor Corporation (CY) announced that it has extended the time for acceptance of its tender offer to buy all of Ramtron International Corp.'s (RMTR) outstanding stock for $2.68 per share.
The initial offer of $2.48 per share was raised to $2.68 per share in July, representing a purchase price of about $95 million. The offer [...]
Cypress Semiconductor Corporation’s (CY) revised bid to buy all of Ramtron International Corp.'s (RMTR) outstanding stock was rejected yet again.
This was Cypress’ third attempt in two years to take over its peer Ramtron International. The initial bid of $2.48 per share was raised to $2.68 per share, representing a purchase price of about $95 million. [...]
Cypress Semiconductor Corporation (CY) has raised its all-cash bid to buy all of Ramtron International Corp.'s (RMTR) outstanding stock for $2.68 per share, a 48% premium to Ramtron's closing price of $1.81 on June 11. This new offer would represent a purchase price of about $95 million.
Ramtron International is a fabless semiconductor company with about [...]
Ken Griffin's investment firm Citadel has filed two 13G's with the SEC regarding its positions in Cypress Semiconductor (CY) and Hercules Offshore (HERO).
Cypress Semi
Their 13G filing indicates that Citadel owns a 5.21% stake in the company with 7,941,732 shares. This marks a 42% increase in their position size since the end of March. The filing was made due to activity on June 12th. At the end of March, Citadel also owned various puts and calls on the name as well.
Per Google...
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We'd all like to invest like the legendary Warren Buffett, turning thousands into millions or more. Buffett analyzes companies by calculating return on invested capital in order to help determine whether a company has an economic moat -- the ability to earn returns on its money above that money's cost.
ROIC is perhaps the most important [...]
Cypress Semiconductor Corp. (Nasdaq: CY) today announced that revenue for the 2010 third quarter was $231.9 million, up 4.0% from $223.0 million for the prior quarter, and up 29.8% from $178.7 million for the year-ago period.
Cypress recorded GAAP net income of $34.4 million in the 2010 third quarter, or diluted earnings per share of $0.18. This compares with last quarter's diluted earnings per share of $0.10 and a diluted net loss per share in the year-ago third quarter of $0.13....
Shares of Cypress Semiconductor Corporation (NASDAQ: CY) are higher on the session by 4.11%, currently trading at $13.16. The stock has been moving largely higher over the past five weeks, but is now sitting at historical resistance.
Options traders are buying calls on the name today. A short while ago both the October and November $13.00 call were purchased over 1,200 times; volume exceeded open interest on the Nov strike, though not the Oct strike.
Overall call volume is now running at...
Cypress Semiconductor Corporation (NASDAQ: CY) Q3 results likely near the high-end of guidance. Jefferies & Company analysts are recommending CY a Buy because CY has several secular drivers including touchscreen controllers, SRAM margin improvement, optical navigation systems, and power PSoC and LED lighting which they expect to drive strong revenue growth, high GM, and solid earnings.
In a research report Jefferies & Company writes, "We believe Q3 revenue was slightly above our estimate...
Morgan Stanley is assuming coverage of Emdeon (NYSE: EM) with an OW. EM shares are down 20% YTD reflecting, concerns that management will lower CY10 revenue guidance on its 3Q conference call.
With
consensus estimates already below company guidance and shares trading at 11x CY 2011e EPS and 6x CY 2011e EBITDA, we think that the risk-reward profile is attractive at current trading levels.
Morgan Stanley's 2010 revenue estimates of $1.0 bn is at
the low end of management's guidance...
Cypress Semiconductor Corporation’s (CY) third quarter earnings beat the consensus by 7 cents.
Revenue
Revenue for the quarter was $178.7 million, up 14.7% sequentially and down 19.7% year over year.
The Consumer and Computation (CCD) and Memory and Imaging Division (MID) grew sequentially, while the Data Communications Division (DCD) declined. Revenue was over the top end of management’s [...]
Excluding one time items, Cypress Semi (CY) reported earnings in line with what analysts had expected at .30/share but beat analyst revenue estimates of 575 million by reporting revenues of 600 million, good for a 35% increase over the year ago quarter. On a negative note, the company sees Q4 revenues and earnings decreasing more [...]