Cypress Semiconductor Corporation (NASDAQ:CY), announced the availability of the industry’s highest-density synchronous SRAMs with on-chip Error-Correcting Code (ECC). The integrated ECC feature enables the new 36Mb synchronous SRAMs to provide the highest levels of data reliability, simplifying designs for a wide variety of military, communication and data processing applications. Cypress plans to expand the family of high-performance synchronous SRAMs with ECC with additional densities this year.
Soft errors caused by background radiation can corrupt memory content, resulting in a loss of critical data. A hardware ECC block in Cypress’s new synchronous SRAMs performs all error correction functions inline, without user intervention, delivering best-in-class Soft Error Rate (SER) performance. The synchronous SRAMs with ECC are pin-compatible with current synchronous SRAMs, enabling customers to enhance SER and system reliability while retaining board layout. Additionally, the new SRAMs help reduce power consumption by as much as 36% over competing solutions. A video introducing Cypress’s synchronous SRAMs with ECC is available at www.cypress.com/syncECCvideo.
“Cypress is the worldwide market leader in synchronous SRAMs, and this new family of devices with on-chip ECC demonstrates our commitment to expanding our portfolio of standard synchronous, NoBL® and QDR® SRAMs,” said Oliver Pohland, business unit director for Synchronous SRAMs at Cypress. “As with our entire SRAM portfolio, these new devices are backed by Cypress’s best-in-class manufacturing and customer support.” (Original Source)
Shares of Cypress Semiconductor closed last Friday at $13.74. CY has a 1-year high of $16.25 and a 1-year low of $8.04. The stock’s 50-day moving average is $13.32 and its 200-day moving average is $13.62.
On the ratings front, Cypress Semiconductor has been the subject of a number of recent research reports. In a report issued on May 1, Needham analyst Rajvindra Gill upgraded CY to Buy, with a price target of $20, which implies an upside of 45.6% from current levels. Separately, on March 13, Pacific Crest’s John Vinh maintained a Buy rating on the stock and has a price target of $20.
According to TipRanks.com, which ranks over 7,500 financial analysts and bloggers to gauge the performance of their past recommendations, Rajvindra Gill and John Vinh have a total average return of 24.9% and 8.5% respectively. Gill has a success rate of 69.5% and is ranked #21 out of 3608 analysts, while Vinh has a success rate of 48.4% and is ranked #854.
Cypress Semiconductor Corp with its subsidiaries, designs, develops, manufactures and markets high-performance, mixed-signal, programmable solutions that provide customers with rapid time-to-market and system value.