Stock analysts at Susquehanna Bancshares assumed coverage on shares of Cypress Semiconductor (NASDAQ:CY) in a note issued to investors on Wednesday. The brokerage set a “positive” rating and a $20.00 price target on the semiconductor company’s stock. Susquehanna Bancshares’ price target would indicate a potential upside of 31.23% from the company’s current price.

A number of other equities research analysts have also weighed in on CY. Loop Capital reissued a “buy” rating and issued a $17.00 target price on shares of Cypress Semiconductor in a research note on Tuesday, August 22nd. Mizuho reaffirmed a “buy” rating and set a $17.00 price target on shares of Cypress Semiconductor in a research report on Tuesday, August 29th. Craig Hallum reaffirmed a “buy” rating and set a $20.00 price target on shares of Cypress Semiconductor in a research report on Thursday, August 31st. KeyCorp reaffirmed an “overweight” rating on shares of Cypress Semiconductor in a research report on Thursday, September 14th. Finally, Needham & Company LLC reaffirmed a “buy” rating and set a $20.00 price target on shares of Cypress Semiconductor in a research report on Monday, September 18th. One analyst has rated the stock with a sell rating, four have given a hold rating, nine have given a buy rating and one has assigned a strong buy rating to the company. The stock has an average rating of “Buy” and an average target price of $17.77.

Cypress Semiconductor (CY) traded down $0.18 during midday trading on Wednesday, hitting $15.24. The stock had a trading volume of 5,637,100 shares, compared to its average volume of 6,406,527. Cypress Semiconductor has a 12 month low of $10.95 and a 12 month high of $17.42. The company has a debt-to-equity ratio of 0.60, a quick ratio of 0.92 and a current ratio of 1.35. The company has a market cap of $5,145.11, a price-to-earnings ratio of 32.13, a PEG ratio of 2.78 and a beta of 2.01.

Cypress Semiconductor (NASDAQ:CY) last released its earnings results on Thursday, October 26th. The semiconductor company reported $0.27 earnings per share for the quarter, beating analysts’ consensus estimates of $0.23 by $0.04. Cypress Semiconductor had a positive return on equity of 9.01% and a negative net margin of 5.75%. The company had revenue of $604.57 million during the quarter, compared to analyst estimates of $602.16 million. During the same quarter in the previous year, the company posted $0.15 EPS. Cypress Semiconductor’s revenue for the quarter was up 14.0% on a year-over-year basis. sell-side analysts anticipate that Cypress Semiconductor will post 0.56 earnings per share for the current year.

In other news, SVP Sam Geha sold 8,269 shares of the stock in a transaction that occurred on Thursday, November 9th. The stock was sold at an average price of $16.70, for a total value of $138,092.30. Following the completion of the transaction, the senior vice president now owns 63,000 shares of the company’s stock, valued at approximately $1,052,100. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, Director J Daniel Mccranie bought 30,000 shares of the firm’s stock in a transaction dated Thursday, September 14th. The stock was purchased at an average cost of $14.37 per share, with a total value of $431,100.00. Following the transaction, the director now directly owns 55,000 shares in the company, valued at approximately $790,350. The disclosure for this purchase can be found here. Insiders sold a total of 100,604 shares of company stock valued at $1,619,497 in the last three months. Corporate insiders own 0.69% of the company’s stock.

Institutional investors have recently bought and sold shares of the stock. Deroy & Devereaux Private Investment Counsel Inc. grew its stake in shares of Cypress Semiconductor by 15.8% in the 3rd quarter. Deroy & Devereaux Private Investment Counsel Inc. now owns 1,543,264 shares of the semiconductor company’s stock worth $23,180,000 after buying an additional 210,992 shares during the last quarter. HAP Trading LLC purchased a new stake in shares of Cypress Semiconductor in the 3rd quarter worth approximately $5,386,000. Westfield Capital Management Co. LP purchased a new stake in shares of Cypress Semiconductor in the 3rd quarter worth approximately $53,009,000. Teacher Retirement System of Texas grew its stake in shares of Cypress Semiconductor by 4.0% in the 2nd quarter. Teacher Retirement System of Texas now owns 25,734 shares of the semiconductor company’s stock worth $351,000 after buying an additional 989 shares during the last quarter. Finally, Blair William & Co. IL purchased a new stake in Cypress Semiconductor during the 2nd quarter valued at $995,000. Institutional investors own 97.38% of the company’s stock.

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About Cypress Semiconductor

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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