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13 equities research analysts have issued 1 year price targets for Cypress Semiconductor's stock. Their predictions range from $11.00 to $18.00. On average, they expect Cypress Semiconductor's share price to reach $14.85 in the next twelve months.
In just such a deal, Cypress Semiconductor of San Jose merged with Spansion, based in Sunnyvale, Calif., in a $1.6 billion acquisition announced in December. The deal bolstered each companyâs micro and memory chip offerings for cars, medical and mobile devices, Ernst and Young noted. But it also triggered a layoff of 1,600 employees.