Stock Update (NASDAQ:CY): Cypress Semiconductor Corporation Offers Production-Ready Bluetooth Smart Remote Control and Touch Mouse Reference Design Kits

Cypress Semiconductor Corporation (NASDAQ:CY) announced the availability of two reference design kits (RDKs) based on its PRoC™ BLE Programmable Radio-on-Chip solution for Bluetooth Smart applications. The new CY5672 PRoC BLE Remote Control RDK and CY5682 PRoC BLE Touch Mouse RDK provide feature-rich, production-ready implementations with prolonged battery life. The kits leverage Cypress’s single-chip PRoC BLE solution, which includes a Bluetooth Smart radio, a high-performance 32-bit ARM® Cortex®-M0 core with ultra-low-power modes, and Cypress’s industry-leading CapSense® capacitive touch-sensing and TrueTouch® touchscreen functionality. Customers can develop and test their designs with Cypress’s easy-to-use GUI-based PSoC Creator™ integrated design environment (IDE) and CySmart™ BLE emulation tool.

Cypress is demonstrating both reference designs at the Computex 2015 trade show from June 2-6 at booth N1213 in the Nangang Hall 4F at the World Trade Center in Taipei, Taiwan.

“Wide adoption, long battery life and fast connection times make Bluetooth Low Energy the best choice for remote control, mouse and other HID applications,” said Jayant Somani, senior director of Bluetooth Low Energy products at Cypress. “With each of these two new reference design kits, Cypress is providing our customers with a complete, production-ready system design to quickly bring a Bluetooth Smart product to market.”

The CY5672 PRoC BLE Remote Control RDK supports a 2-inch trackpad to detect touch gestures and integrates a microphone to capture and stream voice input for voice recognition applications. The reference design also integrates a 3-axis accelerometer and a 3-axis gyroscope for motion control applications. The feature-rich reference design provides more than one year of battery life and a range of more than 30 feet. The RDK reduces bill-of-material costs by 40% compared to competitive designs.

The CY5682 PRoC BLE Touch Mouse RDK is interoperable with all major operating systems, including Windows 8.1, MacOS, Android and Chrome. The reference design includes buttons which map to common user interface shortcuts for Windows® 8 and 8.1, and it supports Microsoft® touch gestures. The touch mouse provides more than one year of battery life.

Cypress provides all the required firmware in PSoC Creator for development, manufacturing and certification tests with these reference designs. The kits also include a USB dongle to emulate a Bluetooth Low Energy host. (Original Source)

Shares of Cypress Semiconductor opened today at $13.79 and are currently trading down at $13.78. 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 $13.28 and its 200-day moving average is $13.73.

On the ratings front, Cypress Semiconductor has been the subject of a number of recent research reports. In a report released today, Needham analyst Rajvindra Gill maintained a Buy rating on CY, with a price target of $20, which implies an upside of 45.0% 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, 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 28.0% and 10.3% respectively. Gill has a success rate of 70.8% and is ranked #14 out of 3610 analysts, while Vinh has a success rate of 48.4% and is ranked #708.

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.

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