2 Reasons Why Cypress Semiconductor Is Still a Good Bet

Cypress Semiconductor (NASDAQ: CY) showed once again why it is one of the hottest-performing semiconductor names on the stock market with an impressive third-quarter report in late October. The semiconductor specialist bested Wall Street expectations thanks to its strategy of targeting fast-growing markets such as the Internet of Things, gaming consoles, and automotive chips.

The icing on the cake for Cypress was robust fourth-quarter guidance. Not surprisingly, investors cheered the company's performance and the shares soared to five-year highs. But the good news is that Cypress isn't done growing yet as it has a strong set of catalysts.

Image Source: Getty Images

Source: Fool.com