Winning Stock Forecast: Cypress Semiconductor Gains 24.09% in 3 Days
CY Semiconductor Winning Niche
Cypress Semiconductor manufactures and sells advanced embedded system solutions for automotive, industrial, consumer and enterprise end markets. They have been growing their business and according to their CEO, they are expanding their leadership in core high-growth markets such as Automotive and IoT which is reflected in their financials. In 2018 they set an all time revenue record of 2.5 billion which is a 7% increase year over year and achieved their gross margins target of 47.8%. This acquisition gives Infineon a more robust position in its industry and the lofty price of 10 billion is fueled by how Cypress product offerings fit into the Infineon portfolio which is expected to yield synergies totaling $180 million per year by 2022.
Cypress 10 Billion Dollar Deal
Since then it has continued to rise and is currently over $22 per share, compared to $17.47 when the bullish forecast was made. This impressive performance in share price is a result of an acquisition. On June 3rd, 2019, news broke confirming that they will be bought out by Infineon in a $10 billion deal that values them at $23.85 per share which reflects the broader trend of consolidation within the semiconductor industry.
In the 3 day forecast period, Cypress Semiconductor stock rose by 24.09%, in line with the bullish I Know First signal.
Current I Know First subscribers received a bullish CY forecast on 14th May with a signal of 4.98 and with a predictability score of .17 for a 3-day time frame. Algorithmic traders utilize these daily forecasts by the I Know First market prediction system as a tool to enhance portfolio performance, verify their own analysis and act on market opportunities faster. This forecast was sent to current I Know First subscribers.
Please note-for trading decisions use the most recent forecast.
