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Cypress Semiconductor Corp (CY.OQ)

CY.OQ on NASDAQ Stock Exchange Global Select Market

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12 Dec 2017
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Latest Key Developments (Source: Significant Developments)

Cypress announces pricing of $130 million convertible notes offering
Thursday, 2 Nov 2017 

Nov 2 (Reuters) - Cypress Semiconductor Corp ::Cypress announces pricing of $130 million convertible notes offering.Cypress Semiconductor Corp - ‍notes will be senior, unsecured obligations of Cypress; notes will bear interest at a rate of 2.00% per year​.Cypress Semiconductor Corp - ‍pricing of $130.0 million aggregate principal amount of convertible senior notes due 2023.  Full Article

Cypress announces proposed $130 mln convertible notes offering
Wednesday, 1 Nov 2017 

Nov 1 (Reuters) - Cypress Semiconductor Corp :Cypress announces proposed $130 million convertible notes offering.Cypress Semiconductor - ‍announced intention to offer $130.0 million aggregate principal amount of convertible senior notes due 2023​.Cypress Semiconductor - ‍intends to use net proceeds of offering to pay cash consideration of some note exchange agreements​.  Full Article

Cypress posts Q3 adj. earnings per share $0.27‍​
Thursday, 26 Oct 2017 

Oct 26 (Reuters) - Cypress Semiconductor Corp :Cypress reports third quarter 2017 results.Q3 revenue $604.6 million versus I/B/E/S view $602.5 million.Cypress Semiconductor Corp sees Q4 2017 ‍revenue of $575 million to $610 million​.Cypress Semiconductor - sees Q4 GAAP EPS between loss of $0.01 and profit of $0.03‍​.Cypress Semiconductor - sees Q4 non-GAAP EPS between $0.23 and $0.27‍​.Cypress Semiconductor Corp - qtrly earnings per share $0.03‍​.Cypress Semiconductor Corp - qtrly adjusted earnings per share $0.27‍​.Q3 earnings per share view $0.23 -- Thomson Reuters I/B/E/S.  Full Article

Cypress Semiconductor enters into joinder agreement
Friday, 18 Aug 2017 

Aug 18 (Reuters) - Cypress Semiconductor Corp -:Cypress Semiconductor Corp- ‍entered into Joinder agreement and amendment no. 6 to amended and restated credit and guaranty agreement- sec filing​.Cypress Semiconductor - ‍obtained additional $91.3 million amount term loans that were made part of tranche of term loans obtained under agreement on July 5, 2016​.  Full Article

Cypress Semiconductor says Glass Lewis recommends stockholders vote to eliminate cumulative voting
Wednesday, 15 Mar 2017 

Cypress Semiconductor Corp :Glass Lewis recommends Cypress Semiconductor stockholders vote to eliminate cumulative voting.  Full Article

T.J. Rodgers says nominated two candidates for Board of Cypress Semiconductor
Friday, 17 Feb 2017 

T.J. Rodgers : T.J. Rodgers - nominated two candidates for board of directors of cypress semiconductor .T.J. Rodgers - owns or controls voting of 8.6 million shares of cypress common stock.  Full Article

Cypress Semiconductor says adopted a restructuring plan
Monday, 3 Oct 2016 

Cypress Semiconductor Corp [CY.O] : A portion of charges may be recorded and paid in cash through fiscal year 2017 - SEC filing . Cypress semiconductor corp says on september 27, 2016, co adopted a restructuring plan . Expects to eliminate approximately 500 positions from its global workforce across all business and functional areas . Expects to record and pay cash employee severance and other related charges in a range of about $40 million to $50 million, primarily in q3 and q4 . 2016 restructuring plan may not result in a material reduction in future operating expenses .Plans to reinvest portion of savings generated from 2016 restructuring plan into employee related matters, business initiatives.  Full Article

Cypress names Hassane El-Khoury as next CEO
Thursday, 11 Aug 2016 

Cypress Semiconductor Corp : Khoury as next ceo . Ray bingham's current role as chairman of board has been expanded to executive chairman .Concurrent with changes, as planned, former cypress ceo T.J. Rodgers has resigned from cypress and cypress board.  Full Article

Cypress says ownership in Deca reduced to 52.5 pct
Thursday, 4 Aug 2016 

Cypress Semiconductor : On july 29, Deca Technologies Inc, unit of Cypress Semiconductor Technology Ltd. entered into class i preferred share purchase agreement . Party investors purchased preferred stock for $111.4 million providing them 41.1% ownership in deca .Cypress Semiconductor says following closing, Cypress’s ownership in Deca was reduced to 52.5% based on its shares outstanding on july 29, 2016.  Full Article

Cypress Q2 loss per share $1.65
Thursday, 28 Jul 2016 

Cypress Semiconductor Corp : Says q2 revenue $450,1 million . For q3 of 2016, cypress estimates non-GAAP diluted EPS in range of $0.12 to $0.162 . For q3 of 2016, cypress estimates non-GAAP margin of 41% . Q3 earnings per share view $0.15, revenue view $475.2 million -- Thomson Reuters I/B/E/S . Cypress reports second quarter 2016 results . Q2 loss per share $1.65 . Q2 adjusted earnings per share $0.12 . For q3 of 2016, cypress estimates non-GAAP financial results revenue in range of $510 million to $540 million . Inventory at end of q2 was $220.9 million, down 2.2% from q1 . Gaap and non-GAAP consolidated margins for q2 of 2016 were 35.3% and 37.8% respectively .Q2 earnings per share view $0.12, revenue view $455.1 million -- Thomson Reuters I/B/E/S.  Full Article