Cypress Semiconductor (NASDAQ:CY)‘s stock had its “buy” rating reiterated by investment analysts at Craig Hallum in a research note issued on Tuesday. They presently have a $21.00 price target on the semiconductor company’s stock. Craig Hallum’s price target points to a potential upside of 42.08% from the stock’s previous close.

A number of other research firms have also weighed in on CY. Loop Capital reaffirmed a “buy” rating and issued a $20.00 price objective on shares of Cypress Semiconductor in a research note on Monday, November 20th. Barclays lowered shares of Cypress Semiconductor from an “overweight” rating to an “equal weight” rating and dropped their price objective for the company from $18.00 to $17.00 in a research note 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 target price for the company in a report on Tuesday, October 31st. SunTrust Banks downgraded shares of Cypress Semiconductor from a “buy” rating to a “hold” rating and set a $17.00 target price 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 equities research analyst has rated the stock with a sell rating, four have issued a hold rating, eight have issued a buy rating and one has given a strong buy rating to the stock. The company has an average rating of “Buy” and a consensus target price of $17.58.

Cypress Semiconductor (CY) traded up $0.02 during trading on Tuesday, hitting $14.78. 6,393,400 shares of the company’s stock were exchanged, compared to its average volume of 6,416,238. Cypress Semiconductor has a 12-month low of $10.86 and a 12-month high of $17.42. The company has a market capitalization of $4,924.89, a price-to-earnings ratio of 30.75, a price-to-earnings-growth ratio of 2.66 and a beta of 2.01. The company has a debt-to-equity ratio of 0.60, a current ratio of 1.35 and a quick ratio of 0.92.

Cypress Semiconductor (NASDAQ:CY) last released its quarterly earnings data 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 negative net margin of 5.75% and a positive return on equity of 9.01%. The firm had revenue of $604.57 million for the quarter, compared to analyst estimates of $602.16 million. During the same period last year, the firm earned $0.15 earnings per share. The business’s quarterly revenue was up 14.0% compared to the same quarter last year. sell-side analysts forecast that Cypress Semiconductor will post 0.56 earnings per share for the current fiscal year.

In related news, Director J Daniel Mccranie acquired 30,000 shares of the firm’s stock in a transaction that occurred on Thursday, September 14th. The stock was acquired at an average price of $14.37 per share, for a total transaction of $431,100.00. Following the completion of the acquisition, the director now owns 55,000 shares of the company’s stock, valued at approximately $790,350. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, EVP Trent Thad sold 74,818 shares of the firm’s stock in a transaction dated Monday, October 16th. The stock was sold at an average price of $15.77, for a total transaction of $1,179,879.86. Following the sale, the executive vice president now owns 172,105 shares of the company’s stock, valued at approximately $2,714,095.85. 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 currently owned by corporate insiders.

Hedge funds and other institutional investors have recently bought and sold shares of the stock. San Francisco Sentry Investment Group CA increased its holdings in Cypress Semiconductor by 1,061.4% during the third quarter. San Francisco Sentry Investment Group CA now owns 6,655 shares of the semiconductor company’s stock worth $100,000 after buying an additional 6,082 shares during the last quarter. Ffcm LLC increased its stake in shares of 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 increased its stake in shares of 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 purchased a new position in shares of Cypress Semiconductor in the second quarter worth about $138,000. Finally, Thompson Davis & CO. Inc. increased its stake in shares of 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. Institutional investors and hedge funds own 97.38% of the company’s stock.

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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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