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   Technology StocksSemi Equipment Analysis


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From: Sam4/10/2017 10:49:35 AM
2 Recommendations   of 89109
 
Semiconductors Everywhere Keep Bulls Charged Up After 47% Rally
by Jeran Wittenstein and Ian King
April 10, 2017, 5:00 AM EDT

  • Investors betting new markets demand will bolster earnings
  • Chips making their way into cars, refrigerators, everything

When a sector has as big a run as chip stocks over the last year, the temptation is to take money off the table. Maybe not this time.

The Philadelphia Semiconductor Index, composed of 30 chip-related companies, has gained 47 percent since last April, fueled by an unprecedented flood of mergers and orders for products that make up the guts of gadgets like refrigerators to smartphones. That’s made the $300 billion industry look expensive relative to earnings as growth is expected to moderate.

What it hasn’t done is make a seller out of Kim Forrest, senior equity analyst at Fort Pitt Capital Group, which manages $2 billion and owns Intel Corp. and Texas Instruments Inc. Bear cases on semiconductors miss that the industry is making its way into new markets as an increasing number of devices are hooked up to the internet and given brains, she said.

continues at bloomberg.com

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From: Gottfried4/10/2017 6:23:19 PM
2 Recommendations   of 89109
 
bpNDX fell one to 76% [XLNX]

Mar28 Mar29 Mar30 Mar31 Apr03 Apr04 Apr05 Apr06 Apr07 Apr10








AAPL AAPL AAPL AAPL AAPL
AAPL ADBE ADBE ADBE ADBE AAPL ADBE AAPL AAPL
ADBE ADI ADI ADI ADI ADBE ADI ADBE ADBE AAPL
ADI ADP ADP ADP ADP ADI ADP ADI ADI ADBE
ADP ADSK ADSK ADSK ADSK ADP ADSK ADP ADP ADI
ADSK AMAT AMAT AMAT AMAT ADSK AMAT AMAT AMAT ADP
AMAT AMGN AMGN AMGN AMGN AMAT AMGN AMGN AMGN AMAT
AMGN AMZN AMZN AMZN AMZN AMGN AMZN AMZN AMZN AMGN
ATVI ATVI ATVI ATVI ATVI AMZN ATVI ATVI ATVI AMZN
AVGO AVGO AVGO AVGO AVGO ATVI AVGO AVGO AVGO ATVI
BIIB BIIB BIIB BIIB BIIB AVGO BIIB BIIB BIIB AVGO
CA CA CA CA CA BIIB CA CA CA BIIB
CELG CELG CELG CELG CELG CA CELG CELG CELG CA
CHKP CHKP CHKP CHKP CHKP CELG CHKP CHKP CHKP CELG
CHTR CHTR CHTR CHTR CHTR CHKP CHTR CHTR CHTR CHKP
CMCSA CMCSA CMCSA CMCSA CMCSA CHTR CMCSA CMCSA CMCSA CHTR
COST COST COST COST COST CMCSA COST COST COST CMCSA
CSCO CSCO CSCO CSCO CSCO COST CSCO CSCO CSCO COST
CSX CSX CSX CSX CSX CSCO CSX CSX CSX CSCO
CTAS CTAS CTAS CTAS CTAS CSX CTAS CTAS CTAS CSX
CTRP CTRP CTRP CTRP CTRP CTAS CTRP CTRP CTRP CTAS
CTSH CTSH CTSH CTSH CTSH CTRP CTSH CTSH CTSH CTRP
CTXS CTXS CTXS CTXS CTXS CTSH CTXS CTXS CTXS CTSH
DISCA DISCA DISCA DISCA DISCA CTXS DISCA DISCA DISCA CTXS
DISH DISH DISH DISH DISH DISCA DISH DISH DISH DISCA
EA EA EA EA EA DISH EA EA EA DISH
EBAY EBAY EBAY EBAY EBAY EA EBAY EBAY EBAY EA
EXPE EXPE EXPE EXPE EXPE EBAY EXPE EXPE EXPE EBAY
FAST FAST FAST FAST FAST EXPE FAST FAST FAST EXPE
FB FB FB FB FB FAST FB FB FB FAST
FISV FISV FISV FISV FISV FB FISV FISV FISV FB
FOXA FOXA FOXA FOXA FOXA FISV FOXA FOXA FOXA FISV
GOOGL GOOGL GOOGL GOOGL GOOGL FOXA GOOGL GOOGL GOOGL FOXA
HAS HAS HAS HAS HAS GOOGL HAS HAS HAS GOOGL
HOLX HOLX HOLX HOLX HOLX HAS HOLX HOLX HOLX HAS
HSIC HSIC HSIC HSIC HSIC HOLX HSIC HSIC HSIC HOLX
IDXX IDXX IDXX IDXX IDXX HSIC IDXX IDXX IDXX HSIC
ILMN ILMN ILMN ILMN ILMN IDXX ILMN ILMN ILMN IDXX
INCY INCY INCY INCY INCY ILMN INCY INCY INCY ILMN
INTC INTC INTC INTC INTC INCY INTC INTC INTC INCY
INTU INTU INTU INTU INTU INTC INTU INTU INTU INTC
ISRG ISRG ISRG ISRG ISRG INTU ISRG ISRG ISRG INTU
JD JD JD JD JD ISRG JD JD JD ISRG
KLAC KLAC KLAC KLAC KLAC JD KLAC KLAC KLAC JD
LBTYA LBTYA LBTYA LBTYA LBTYA KLAC LBTYA LBTYA LBTYA KLAC
LRCX LRCX LRCX LRCX LRCX LBTYA LRCX LRCX LRCX LBTYA
MAR MAR MAR MAR MAR LRCX MAR MAR MAR LRCX
MCHP MCHP MCHP MCHP MCHP MAR MCHP MCHP MCHP MAR
MNST MNST MNST MNST MNST MCHP MNST MNST MNST MCHP
MSFT MSFT MSFT MSFT MSFT MNST MSFT MSFT MSFT MNST
MU MU MU MU MU MSFT MU MU MU MSFT
MXIM MXIM MXIM MXIM MXIM MU MXIM MXIM MXIM MU
MYL MYL MYL MYL MYL MXIM MYL MYL MYL MXIM
NCLH NCLH NCLH NCLH NCLH MYL NCLH NCLH NCLH MYL
NFLX NFLX NFLX NFLX NFLX NCLH NFLX NFLX NFLX NCLH
NVDA NVDA NVDA NVDA NVDA NFLX NVDA NVDA NVDA NFLX
ORLY ORLY ORLY ORLY ORLY NVDA ORLY ORLY ORLY NVDA
PAYX PAYX PAYX PAYX PAYX ORLY PAYX PAYX PAYX ORLY
PCAR PCAR PCAR PCAR PCAR PAYX PCAR PCAR PCAR PAYX
PCLN PCLN PCLN PCLN PCLN PCAR PCLN PCLN PCLN PCAR
PYPL PYPL PYPL PYPL PYPL PCLN PYPL PYPL PYPL PCLN
REGN REGN REGN REGN REGN PYPL REGN REGN REGN PYPL
ROST ROST ROST ROST ROST REGN SBUX SBUX SBUX REGN
SHPG SHPG SHPG SHPG SHPG SHPG SHPG SHPG SHPG SBUX
SIRI SIRI SIRI SIRI SIRI SIRI SIRI SIRI SIRI SHPG
STX STX STX STX STX STX STX STX STX SIRI
SWKS SWKS SWKS SWKS SWKS SWKS SWKS SWKS SWKS STX
SYMC SYMC SYMC SYMC SYMC SYMC SYMC SYMC SYMC SWKS
TMUS TMUS TMUS TMUS TMUS TMUS TMUS TMUS TMUS SYMC
TSLA TSLA TSLA TSLA TSLA TSLA TSLA TSLA TSLA TMUS
TXN TXN TXN TXN TXN TXN TXN TXN TXN TSLA
ULTA ULTA ULTA ULTA ULTA ULTA ULTA ULTA ULTA TXN
VIAB VIAB VIAB VIAB VIAB VIAB VIAB VIAB VIAB ULTA
VRTX VRTX VRTX VRTX VRTX VRTX VRTX VRTX VRTX VIAB
WDC WDC WDC WDC WDC WDC WDC WDC WDC VRTX
XLNX XLNX XLNX XLNX XLNX XLNX XLNX XLNX XLNX WDC
XRAY XRAY XRAY XRAY XRAY XRAY XRAY XRAY XRAY XRAY
YHOO YHOO YHOO YHOO YHOO YHOO YHOO YHOO YHOO YHOO

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To: Gottfried who wrote (75343)4/10/2017 6:30:42 PM
From: Gottfried
3 Recommendations   of 89109
 
4 new 52 week NDX high(s)
	04/10/2017
Close Volume
JD 32.67 8303755
TSLA 312.39 7653797
WDC 84.78 5363844
YHOO 47.21 7809136

NO new 52 week NDX low(s)

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To: Gottfried who wrote (75344)4/10/2017 6:38:51 PM
From: Gottfried
3 Recommendations   of 89109
 
bpSOX fell two to 26/30 [IDCC XLNX]


Mar28 Mar29 Mar30 Mar31 Apr03 Apr04 Apr05 Apr06 Apr07 Apr10
ADI ADI ADI
ADI ADI ADI ADI ADI ADI AMAT AMAT AMAT
AMAT AMAT AMAT AMAT AMAT AMAT AMD AMD AMD ADI
AMD AMD AMD AMD AMD AMD ASML ASML ASML AMAT
ASML ASML ASML ASML ASML ASML AVGO AVGO AVGO AMD
AVGO AVGO AVGO AVGO AVGO AVGO CAVM CAVM CAVM ASML
CAVM CAVM CAVM CAVM CAVM CAVM CREE CREE CREE AVGO
CREE CREE CREE CREE CREE CREE CRUS CRUS CRUS CAVM
CRUS CRUS CRUS CRUS CRUS CRUS CY CY CY CREE
CY CY CY CY CY CY IDCC IDCC IDCC CRUS
IDTI IDTI IDTI IDTI IDTI IDTI IDTI IDTI IDTI CY
INTC INTC INTC INTC INTC INTC INTC INTC INTC IDTI
LRCX LRCX LRCX LRCX LRCX LRCX LRCX LRCX LRCX INTC
MCHP MCHP MCHP MCHP MCHP MCHP MCHP MCHP MCHP LRCX
MKSI MKSI MKSI MKSI MKSI MKSI MKSI MKSI MKSI MCHP
MPWR MPWR MPWR MPWR MPWR MPWR MPWR MPWR MPWR MKSI
MRVL MRVL MRVL MRVL MRVL MRVL MRVL MRVL MRVL MPWR
MU MU MU MU MU MU MU MU MU MRVL
MXIM MXIM MXIM MXIM MXIM MXIM MXIM MXIM MXIM MU
NVDA NVDA NVDA NVDA NVDA NVDA NVDA NVDA NVDA MXIM
ON ON ON ON ON ON ON ON ON NVDA
QRVO QRVO QRVO QRVO QRVO QRVO QRVO QRVO QRVO ON
SIMO SIMO SIMO SIMO SIMO SIMO SIMO SIMO SIMO QRVO
SWKS SWKS SWKS SWKS SWKS SWKS SWKS SWKS SWKS SIMO
TER TER TER TER TER TER TER TER TER SWKS
TSM TSM TSM TSM TSM TSM TSM TSM TSM TER
TXN TXN TXN TXN TXN TXN TXN TXN TXN TSM
XLNX XLNX XLNX XLNX XLNX XLNX XLNX XLNX XLNX TXN

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To: Gottfried who wrote (75345)4/10/2017 7:04:22 PM
From: Investor2
2 Recommendations   of 89109
 
China-backed fund to acquire Xcerra for $580 million



ReutersApril 10, 2017

Comment

(Adds details about Sino IC's shareholders, closing stock price)

By Liana B. Baker and Koh Gui Qing

NEW YORK, April 10 (Reuters) - A unit of a large semiconductor investment fund linked to the Chinese state has agreed to buy U.S. semiconductor testing company Xcerra Corp for $580 million in cash, the companies said on Monday.

The deal is subject to approval by the Committee on Foreign Investment in the United States (CFIUS), a government panel that reviews acquisitions by foreign entities for potential national security risks. CFIUS has cracked down on technology deals related to the semiconductor industry.

The buyer is Unic Capital Management, a subsidiary of Sino IC Capital that was founded last year, the companies said in a news release. Sino IC Capital was established in August 2014 and has approximately RMB 138.7 billion ($20.9 billion) in funds under management to invest in the semiconductor space.

Unic is paying $10.25 per share in cash for Xcerra. Xcerra shares gained 7 percent to close at $9.63 on Monday. That was still below Unic's offer price, indicating some market skepticism about the deal closing.

The deal is expected to close by year-end.

Chinese suitors have faced intense scrutiny from regulators in their pursuit of U.S. chip makers, resulting in some failed deals in recent years.

According to the website of a Sino IC shareholder, China Development Bank Capital, Beijing-based Sino IC has at least eight shareholders and was created with the support of the “leaders in the general office of the State Council and the relevant ministries.” The State Council refers to the Chinese Cabinet.

The “overall idea” of Sino IC's investment strategy is to focus on the national development of China’s integrated circuit industry and “ease the investment bottleneck” in the sector, the website said.

Of the eight listed shareholders of Sino IC, at least seven are owned by or affiliated with the Chinese state, according to the websites of the companies and Chinese corporate filings. Xcerra declined to comment when asked about Sino IC's shareholders.

Massachusetts-based Xcerra designs and manufactures equipment to test semiconductors and circuit boards. It does not make semiconductors. It is able to seek other buyers for the next 35 days under terms of the merger agreement.

Xcerra was advised by Cowen and Company LLC and Latham & Watkins LLP. Sinoc IC was advised by Grant Thornton International and Wilson Sonsini Goodrich & Rosati.

Sino IC shareholders include China Development Bank Capital, a unit of China Development Bank, a state-owned Chinese development bank; and China Mobile Ltd, China’s state-owned wireless carrier. (Reporting by Liana B. Baker and Koh Gui Qing in New York; Editing by Matthew Lewis)

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From: Donald Wennerstrom4/10/2017 7:54:13 PM
1 Recommendation   of 89109
 
NVDA down to 99.77(-2.6%) today. The stock keeps getting some negative "press" lately.

blogs.barrons.com


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To: Donald Wennerstrom who wrote (75347)4/10/2017 11:09:41 PM
From: Return to Sender
2 Recommendations   of 89109
 
From Briefing.com:4:14 pm Closing Market Summary: Equities Eke Out Win To Kick Off the Week (:WRAPX) : The stock market opened the week with a win, but concerns over heightened geopolitical tensions held gains in check throughout the session. The S&P 500 and the Nasdaq settled with slim gains of 0.1% apiece, while the Dow finished flat.

Investors started the day with optimism, moving the major averages modestly higher, but there was no doubt that last week's missile strike in Syria weighed on the positive sentiment. In addition, the U.S. Navy ordered the Carl Vinson Strike group to begin moving towards the Korean peninsula over the weekend. With those concerns playing in the background, the stock market dipped into negative territory around midday on rumors that China deployed about 150,000 troops in two groups to its border with North Korea. Equities recovered shortly thereafter, but never quite made it back to their best levels of the day.

This rumor of Chinese troop movement has been gaining traction with Asian media in recent days, and it has been noticed by U.S. investors during an abbreviated week, which is likely to see reduced participation. That was the case on Monday with only 794.0 million shares changing hands at the NYSE floor (200-day average: 970.8 million).

For sector standings, the energy group (+0.8%) finished atop the day's leaderboard thanks to a solid performance from crude oil. The commodity finished 1.6% higher at $53.06/bbl following further production complications in Libya. The country's largest oilfield was shut down on Sunday after a group blocked a pipeline linking it to an oil terminal.

The consumer discretionary (+0.4%), industrials (+0.2%), consumer staples (+0.3%), real estate (+0.7%), and utilities (+0.2%) sectors also outperformed the broader market. Retailers helped the consumer discretionary sector in its advance, evidenced by the 1.5% increase in the SPDR S&P Retail ETF (XRT 42.11, +0.60). One of the XRT's top-performers was Amazon (AMZN 907.04, +12.16), which added 1.4% in another solid performance.

On the flip side, the financials (-0.3%) and telecom services (-0.3%) groups settled at the bottom of the day's leaderboard while the health care (-0.2%) and technology (-0.2%) groups performed only modestly better. The top-weighted technology sector suffered from a lackluster performance from its top component by market cap, Apple (AAPL 143.14, -0.20), and selling pressure within the semiconductor industry; the PHLX Semiconductor Index closed lower by 0.8%.

In the Treasury market, the main event, Fed Chair Janet Yellen's speech at the University of Michigan, has yet to occur. Ms. Yellen will participate in a question-and-answer session with the public shortly at 16:10 ET. The benchmark 10-yr yield settled two basis points lower at 2.36%.

Investors did not receive any economic data on Monday. The first report of the week--February JOLTS--will cross the wires tomorrow at 10:00 ET.

Nasdaq Composite +9.3% YTD
S&P 500 +5.3% YTD
Dow Jones Industrial Average +4.5% YTD
Russell 2000 +0.7% YTD

The broader market escaped Monday with gains, if you can call it that. The S&P 500 led all others up 1.62 points (+0.07%) to 2357.16. The Nasdaq Composite added 3.11 points (+0.05%) to 5880.93, while the Dow Jones Industrial Average gained 1.2 points (+0.01%) to 20658.02.

The Technology (XLK 52.96, -0.10 -0.19%) sector ended modestly lower on a seesaw session which saw slight morning gains disappear by the afternoon. Component First Solar (FSLR 27.97, +1.16 +4.33%) posted the best session today as the stock piggy-backed off Friday's strength. In broker news, Needham upgraded shares of e-commerce giant Amazon (AMZN 907.04, +12.16 +1.36%) in the premarket session, aiding the shares' nearly 12 point advance.

In the S&P 500 Information Technology (899.57, -1.36 -0.15%) space, trading mirrored that of the Tech space, where morning gains disappeared by the afternoon. Component Yahoo! (YHOO 47.21, +0.77 +1.66%) was one of the better performing names in the space today after Starboard's Jeffrey Smith indicated that he intends to resign from YHOO's Board effective upon the closing of YHOO's deal with Verizon (VZ 48.54, -0.12 -0.25%). Other names in the space which xxx.

Other notable news items among sector components:

Advanced Micro (AMD 13.10, -0.42 -3.11%) acquires intellectual property and engineering talent from Nitero; terms not disclosed.

Starboard's Jeffrey Smith indicated that he intends to resign from Yahoo!'s (YHOO) Board effective upon the closing of the company's transaction with Verizon (VZ).

Twitter
(TWTR 14.36, +0.07 +0.49%) filed a definitive proxy statement for its 2016 annual meeting of stockholders.

Xcerra
(XCRA 9.63, +0.63 +7.00%) agreed to be acquired by Unic Capital Management for $10.25 per share in cash. The deal includes a go-shop period.

Straight
Path Comms (STRP 91.64, +55.16 +151.21%) to be acquired by AT&T (T 40.38, -0.22 -0.54%) for $95.63/share in an all-stock merger intended to qualify as a tax-free reorganization.

Microsoft
(MSFT 65.53, -0.15 -0.23%) acquired Deis to help companies innovate with containers in the cloud.

Analyst actions:

AMZN was upgraded to Buy from Hold at Needham,
AMX
upgraded to Overweight from Equal Weight at Barclays,
CY was upgraded to Buy from Neutral at SunTrust;
XCRA was downgraded to Neutral from Buy at DA Davidson,
CBR was downgraded to Sell at Maxim;
GUID
was initiated with an Outperform at Northland Capital

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To: Return to Sender who wrote (75348)4/10/2017 11:25:46 PM
From: Return to Sender
1 Recommendation   of 89109
 
64% Upside Volume on the NYSE - 53% Upside Volume on the NASDAQ:

online.wsj.com

Monday, April 10, 2017
Notice to readers: As of 3/3/11, Closing ARMS Index (TRIN) calculation is based on composite data. Click here for historical data prior to 3/3/11.
NYSE Latest close Previous close Week ago
Issues traded 3,100 3,084 3,092
Advances 2,007 1,398 1,325
Declines 973 1,559 1,671
Unchanged 120 127 96
New highs 93 72 94
New lows 10 11 16
Adv. volume* 421,671,479 274,306,694 283,269,168
Decl. volume* 231,075,077 461,501,029 604,562,693
Total volume* 661,393,766 752,378,975 924,418,309
Closing tick +171 +23 +213
Closing Arms (TRIN)† 1.11 1.46 1.62
Block trades* 5,438 6,168 6,304
Adv. volume 1,757,946,279 1,116,162,794 1,061,015,263
Decl. volume 943,727,898 1,814,401,636 2,173,576,438
Total volume 2,740,308,675 2,995,113,905 3,394,558,592
Nasdaq Latest close Previous close Week ago
Issues traded 2,980 2,970 3,006
Advances 1,363 1,372 810
Declines 1,445 1,412 2,068
Unchanged 172 186 128
New highs 67 58 97
New lows 39 41 33
Closing tick +168 +193 -51
Closing Arms (TRIN)† 0.79 1.07 0.76
Block trades 6,781 7,076 7,228
Adv. volume 850,654,697 759,814,645 621,185,672
Decl. volume 708,683,213 833,571,379 1,199,450,936
Total volume 1,608,242,627 1,656,443,775 1,842,609,254
NYSE MKT Latest close Previous close Week ago
Issues traded 336 328 342
Advances 183 159 146
Declines 130 149 174
Unchanged 23 20 22
New highs 8 1 11
New lows 3 6 4
Adv. volume* 8,817,515 5,364,756 5,713,646
Decl. volume* 3,508,655 6,424,362 4,492,942
Total volume* 12,877,414 12,291,935 10,380,518
Closing tick +31 +61 -4
Closing Arms (TRIN)† 0.60 1.31 0.49
Block trades* 138 156 146
Adv. volume 89,165,288 44,938,633 69,083,376
Decl. volume 37,732,820 55,060,782 40,204,614
Total volume 130,416,824 103,781,792 110,490,439
NYSE Arca Latest close Previous close Week ago
Issues traded 1,342 1,309 1,351
Advances 758 537 526
Declines 531 727 798
Unchanged 53 45 27
New highs 26 32 41
New lows 1 4 6
Adv. volume* 142,103,700 94,184,193 156,170,988
Decl. volume* 77,846,455 163,602,043 157,275,030
Total volume* 227,023,196 261,494,367 320,948,511
Closing tick -17 -66 +56
Closing Arms (TRIN)† 0.82 1.24 0.73
Block trades* 1,179 1,331 1,610
Adv. volume 581,701,706 402,791,424 629,524,773
Decl. volume 332,836,751 675,498,248 700,034,274
Total volume 948,255,775 1,108,009,402 1,365,694,309

*Primary market NYSE, NYSE MKT or NYSE Arca only. †Compares the ratio of advancing to declining issues with the ratio of volume of shares rising and falling. Arms Index or TRIN = (advancing issues / declining issues) / (composite volume of advancing issues / composite volume of declining issues.) Generally, an Arms of less than 1.00 indicates buying demand; above 1.00 indicates selling pressure.

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From: Gottfried4/11/2017 6:42:19 AM
2 Recommendations   of 89109
 
"Toshiba Warns It May Be Unable to Stay in Business"
Japanese conglomerate reported a net loss of $4.8 billion for nine-month period ended December
By Takashi Mochizuki and Peter Landers
Updated April 11, 2017 5:39 a.m. ET
TOKYO—Toshiba Corp. on Tuesday expressed doubt for the first time over whether it can continue as a going concern after huge losses at its U.S. nuclear subsidiary, which filed for bankruptcy last month.[paywall]

wsj.com

or here
nytimes.com

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From: Woody_Nickels4/11/2017 7:11:00 AM
2 Recommendations   of 89109
 
<<Cyprus Semiconductor and Its Cypress 3.0 Model: Earnings Driver?
By Paige Tanner
Apr 10, 2017 1:14 pm EDT
2016: A dynamic year for Cypress Semiconductor

Last year was a period of transformation for Cypress Semiconductor ( CY). In 2016, the company changed from a PSoC (Programmable System-on-Chip) supplier to a Cypress 3.0 model, an embedded solutions provider.

Over the past year, Cypress shares have risen 60.0% and are currently hovering above $13. Growth came after the company met or exceeded its earnings guidance for five quarters in a row. In fact, it reported its highest quarterly revenue in fiscal 4Q16, driven by a strong demand in the automotive and industrial segments.>>

There's more at:
marketrealist.com

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