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Cypress Semiconductor Corp. (CY) filed Quarterly Report for the period ended 2011-10-02.
Cypress Semiconductor Corp. has a market cap of $3.32 billion; its shares were traded at around $19.28 with a P/E ratio of 25.7 and P/S ratio of 3.8. The dividend yield of Cypress Semiconductor Corp. stocks is 1.9%.
This is the annual revenues and earnings per share of CY over the last 10 years. For detailed 10-year financial data and charts, go to 10-Year Financials of CY.
Highlight of Business Operations:
One customer, Samsung, accounted for 11.8% of total revenue for the three months ended October 2, 2011. No one customer accounted for more than 10% of total revenue for the nine months ended October 2, 2011. For the three months ended October 2, 2011 two global distributors, Avnet, Inc. and Arkian Co., LTD, accounted for 10.9% and 11.5%, respectively, of our total revenues. One global distributor, Avnet, Inc., accounted for 11.3% of our total revenues for the nine months ended October 2, 2011.For the three and nine months ended October 3, 2010, no one end customer accounted for more than 10% of our total revenues. For the three and nine months ended October 3, 2010, two global distributors, Avnet Inc. and Arrow Electronics accounted for 15.4% and 10.8% and 14.8% and 10.7%, respectively, of our total revenues.
Revenues from the Consumer and Computation Division increased by $50.2 million in the third quarter of fiscal 2011 and $138.6 million in the first three quarters of fiscal 2011, or approximately 54.6% and 57.2% respectively, compared to the same prior-year periods. The increases were primarily attributable to increases in sales of our PSOC family of products mainly due to higher demand in our capacitive and touchscreen applications in mobile devices. Our PSOC product families, including our touchscreen family, continued to gain new design wins, expanded our customer base and increased market penetration in a variety of end-market applications including mobile handsets, tablet computers, cameras, global positioning system devices “GPS” and other products.
Revenues from the Data Communications Division decreased by $5.3 million in the third quarter of fiscal 2011 and $7.9 million in the first three quarters of fiscal 2011, or approximately 18.3% and 9.3% respectively, compared to the same prior-year periods. The revenue decreases were primarily attributable to a decrease in sales of our communications products offset by increases in sales of our West Bridge controllers and other products.
Revenues from the Memory Products Division decreased by $12.5 million in the third quarter of fiscal 2011 and $44.2 million in the first three quarters of fiscal 2011, or approximately 11.9% and 14.0%, respectively, compared to the same prior-year periods. The revenue decreases were primarily attributable to decreases in sales of our SRAM products driven by decreased demand from wireless and wireline end customers and due to the sale of our image sensor business unit during the first quarter of fiscal 2011 which accounted for a decrease of $7.6 million and $14.2 million in the third quarter and first three quarters of , respectively.
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