Cypress Semiconductor (CY) Rating Reiterated by Craig Hallum

Cypress Semiconductor (NASDAQ:CY)‘s stock had its “buy” rating reiterated by analysts at Craig Hallum in a report issued on Tuesday. They currently have a $21.00 price objective on the semiconductor company’s stock. Craig Hallum’s target price would indicate a potential upside of 41.13% from the company’s current price.

A number of other research firms have also recently issued reports on CY. Loop Capital restated a “buy” rating and set a $20.00 price target on shares of Cypress Semiconductor in a report on Monday, November 20th. Barclays cut shares of Cypress Semiconductor from an “overweight” rating to an “equal weight” rating and decreased their price target for the company from $18.00 to $17.00 in a report on Tuesday, October 31st. Zacks Investment Research upgraded shares of Cypress Semiconductor from a “hold” rating to a “strong-buy” rating and set a $19.00 price target for the company in a report on Tuesday, October 31st. SunTrust Banks cut shares of Cypress Semiconductor from a “buy” rating to a “hold” rating and set a $17.00 price target for the company. in a report on Friday, December 1st. Finally, BidaskClub upgraded shares of Cypress Semiconductor from a “buy” rating to a “strong-buy” rating in a report on Wednesday, November 1st. One investment analyst has rated the stock with a sell rating, four have issued a hold rating, eight have given a buy rating and one has issued a strong buy rating to the company’s stock. Cypress Semiconductor presently has a consensus rating of “Buy” and a consensus target price of $17.58.

Shares of Cypress Semiconductor (NASDAQ:CY) opened at $14.88 on Tuesday. The stock has a market cap of $4,924.89, a price-to-earnings ratio of 30.75, a P/E/G ratio of 2.66 and a beta of 2.01. Cypress Semiconductor has a fifty-two week low of $10.95 and a fifty-two week high of $17.42. The company has a quick ratio of 0.92, a current ratio of 1.35 and a debt-to-equity ratio of 0.60.

Cypress Semiconductor (NASDAQ:CY) last issued its quarterly earnings data on Thursday, October 26th. The semiconductor company reported $0.27 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $0.23 by $0.04. Cypress Semiconductor had a net margin of 2.64% and a return on equity of 2.40%. The firm had revenue of $604.57 million during the quarter, compared to analysts’ expectations of $602.16 million. During the same period in the prior year, the company posted $0.15 earnings per share. Cypress Semiconductor’s revenue for the quarter was up 14.0% on a year-over-year basis. analysts anticipate that Cypress Semiconductor will post 0.56 EPS for the current fiscal year.

In related news, SVP Sudhir Gopalswamy sold 3,000 shares of the stock in a transaction dated Thursday, November 16th. The shares were sold at an average price of $16.60, for a total value of $49,800.00. Following the completion of the sale, the senior vice president now owns 70,607 shares in the company, valued at $1,172,076.20. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. Also, SVP Sam Geha sold 14,517 shares of the stock in a transaction dated Wednesday, November 22nd. The shares were sold at an average price of $17.34, for a total transaction of $251,724.78. Following the completion of the sale, the senior vice president now owns 41,204 shares of the company’s stock, valued at approximately $714,477.36. The disclosure for this sale can be found here. In the last quarter, insiders sold 100,604 shares of company stock valued at $1,619,497. 0.69% of the stock is owned by corporate insiders.

Large investors have recently bought and sold shares of the stock. San Francisco Sentry Investment Group CA raised its position in Cypress Semiconductor by 1,061.4% in the third quarter. San Francisco Sentry Investment Group CA now owns 6,655 shares of the semiconductor company’s stock worth $100,000 after purchasing an additional 6,082 shares in the last quarter. Ffcm LLC raised its position in Cypress Semiconductor by 139.2% in the second quarter. Ffcm LLC now owns 8,145 shares of the semiconductor company’s stock worth $109,000 after purchasing an additional 4,740 shares in the last quarter. IFP Advisors Inc raised its position in Cypress Semiconductor by 13.3% in the second quarter. IFP Advisors Inc now owns 8,628 shares of the semiconductor company’s stock worth $118,000 after purchasing an additional 1,014 shares in the last quarter. ING Groep NV acquired a new position in Cypress Semiconductor in the second quarter worth about $138,000. Finally, Thompson Davis & CO. Inc. raised its position in Cypress Semiconductor by 45.6% in the second quarter. Thompson Davis & CO. Inc. now owns 10,119 shares of the semiconductor company’s stock worth $138,000 after purchasing an additional 3,169 shares in the last quarter. 97.38% of the stock is owned by hedge funds and other institutional investors.

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Cypress Semiconductor Company Profile

Cypress Semiconductor Corporation manufactures embedded system solutions for automotive, industrial, home automation and appliances, consumer electronics and medical products. The Company’s segments include Microcontroller and Connectivity Division (MCD), and Memory Products Division (MPD). MCD focuses on microcontroller (MCU), analog and wireless and wired connectivity solutions.

Analyst Recommendations for Cypress Semiconductor (NASDAQ:CY)

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