Guru Richard Snow (Trades, Portfolio) is the founder, president and CIO of Snow Capital Management LP. At the end of the first quarter Snow tripled his stake in Cypress Semiconductor Corp. (CY, Financial).
Cypress Semiconductor designs, develops, manufactures and markets high-performance, mixed-signal, programmable solutions that provide customers with rapid time-to-market and system value. The company offers products in the automotive, industrial and networking platforms for highly interactive consumer and mobile devices. The products that Cypress Semiconductor offers are as follows: NOR flash memories, F-RAM and SRAM, Traveo™ microcontrollers, the industry’s only PSoC® programmable system-on-chip solutions, analog and PMIC Power Management ICs, CapSense® capacitive touch-sensing controllers, and Wireless BLE Bluetooth® Low-Energy and USB connectivity solutions.
Cypress Semiconductor has a market cap of $2.88 billion, an enterprise value of $3.36 billion, a P/B ratio of 1.18 and a dividend yield of 4.74.
It is possible that Snow tripled his stake in Cypress Semiconductor for the following reasons:
- Cypress Semiconductor has 34 years of experience in its industry.
- The company revenues have more than doubled since 2014, going from $725 million to $1.8 billion over the previous trailing 12 months.
- The company gross profits have increased from $364 million in 2014 to $567 million for the trailing 12 months.
- Cypress Semiconductor is issuing a healthy dividend yield at 44 cents per share, which is higher than 81% of the 515 companies in the Global Semiconductors industry.
Below is a Peter Lynch Chart for Cypress Semiconductor Corp.
Cheers to your investment success.
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