Cypress Semiconductor Has Growth Opportunities

Cypress Semiconductor (NASDAQ: CY) reported strong results for the second quarter thanks to broad-based growth across different businesses such as automotive, the Internet of Things (IoT), and USB-C.

But shares of the embedded-semiconductor specialist are down about 6% since that late July report that actually showed strong quarterly numbers and good guidance. The chipmaker failed to excite investors, but it doesn't look like the company is going to run out of momentum anytime soon, given its latest outlook. Savvy investors should consider taking advantage of the lull in Cypress' stock price to buy shares.

Image Source: Cypress Semiconductor.

Source: Fool.com