Cypress Semiconductor Corporation (NASDAQ:CY), a global leader in embedded systems solutions, today expanded its NOR HyperFlash™ product line with the qualification of a new 256Mb memory. The 3.0V S26KL256S HyperFlash device is the latest addition to the industry’s first flash memory family that supports the high-bandwidth, low-pin-count HyperBus™ interface. The device is ideal for high-performance applications, such as automotive instrument clusters, industrial automation, communication systems, and medical equipment, which need the highest read bandwidth to enable the fastest boot time for instant-on requirements, along with a low-pin-count interface to reduce package size and PCB cost.
Running at frequencies up to 166MHz, HyperFlash products can achieve Double-Data-Rate (DDR) read bandwidths as high as 333 MBps for 1.8V products and 200 MBps for 3.0V products. The 256Mb HyperFlash device is offered in a space-saving 48-mm2 24-ball package, and it delivers high reliability and extended temperature range of -40 degrees C to +125 degrees C. Cypress’s HyperFlash memory family offers 3.0V and 1.8V versions and includes three densities: 128Mb, 256Mb and 512Mb. Cypress HyperFlash devices provide a seamless migration path from Quad SPI to dual Quad SPI to HyperFlash memory, allowing system applications to be scaled to different levels of flash performance when paired with compatible controllers. This provides OEMs the ability to offer different product models with a single design.
“With the trend toward instant-on systems for automotive, industrial and communication applications, we are seeing more and more interest from chipset manufacturers for the high-bandwidth, low-pin-count HyperBus interface, and increased demand from our customers in these segments for our HyperFlash and HyperRAM™ memories,” said Hiro Ino, Senior Director of the NOR Flash Product Family at Cypress. “Our new 3.0V, 256Mb HyperFlash device is part of our plan to provide a range of voltage and density options to help meet this demand.”
Originally announced in 2014, the HyperBus interface is supported by an increasing number of chipset suppliers adopting the HyperBus high-performance solution for their next-generation products. Processors that have been publically announced to support the HyperBus interface include the Freescale MAC57D5xx Automotive DIS MCU, the Cypress FM4 S6E2DH general purpose MCU and the Cypress Traveo™ S6J324C and S6J326C automotive MCUs. Cypress is working closely with many processor companies and dozens of platforms are currently in development to support the HyperBus interface. (Original Source)
Shares of Cypress Semiconductor closed last Friday at $11.14. 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 $11.71 and its 200-day moving average is $13.35.
On the ratings front, Cypress Semiconductor has been the subject of a number of recent research reports. In a report issued on July 17, Needham analyst Rajvindra Gill reiterated a Buy rating on CY, with a price target of $20, which implies an upside of 79.5% from current levels. Separately, on July 1, Credit Suisse’s John Pitzer assigned a Buy rating to the stock and has a price target of $15.
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 Pitzer have a total average return of 14.6% and 17.7% respectively. Gill has a success rate of 51.6% and is ranked #142 out of 3728 analysts, while Pitzer has a success rate of 61.6% and is ranked #145.
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.