Cypress Semiconductor (NASDAQ:CY)‘s stock had its “underweight” rating reaffirmed by equities researchers at Morgan Stanley in a research note issued to investors on Wednesday. They currently have a $14.50 price objective on the semiconductor company’s stock. Morgan Stanley’s target price would indicate a potential downside of 4.86% from the stock’s current price.

A number of other equities research analysts have also issued reports on the company. Mizuho reaffirmed a “buy” rating and issued a $17.00 target price on shares of Cypress Semiconductor in a research note on Tuesday, August 29th. Loop Capital reaffirmed a “buy” rating and issued a $20.00 target price (up previously from $17.00) on shares of Cypress Semiconductor in a research note on Friday, October 27th. Needham & Company LLC reaffirmed a “buy” rating and issued a $20.00 target price on shares of Cypress Semiconductor in a research note on Friday, October 27th. BidaskClub downgraded Cypress Semiconductor from a “strong-buy” rating to a “buy” rating in a report on Saturday, October 21st. Finally, Zacks Investment Research downgraded Cypress Semiconductor from a “strong-buy” rating to a “hold” rating in a report on Wednesday, November 1st. One research analyst has rated the stock with a sell rating, four have given a hold rating, nine have issued a buy rating and one has assigned a strong buy rating to the stock. Cypress Semiconductor has a consensus rating of “Buy” and a consensus price target of $17.88.

Shares of Cypress Semiconductor (NASDAQ:CY) traded down $0.18 during trading hours 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. The stock has a market cap of $5,145.11, a price-to-earnings ratio of 32.13, a price-to-earnings-growth ratio of 2.78 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 has a fifty-two week low of $10.95 and a fifty-two week high of $17.42.

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

In other Cypress Semiconductor news, EVP Trent Thad sold 74,818 shares of the company’s stock in a transaction dated Monday, October 16th. The shares were sold at an average price of $15.77, for a total value of $1,179,879.86. Following the completion of the transaction, the executive vice president now directly owns 172,105 shares of the company’s stock, valued at approximately $2,714,095.85. The transaction was disclosed in a filing with the SEC, which is accessible through this link. Also, Director J Daniel Mccranie acquired 30,000 shares of the firm’s stock in a transaction on 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 completion of the transaction, the director now owns 55,000 shares in the company, valued at $790,350. The disclosure for this purchase can be found here. Over the last quarter, insiders sold 100,604 shares of company stock valued at $1,619,497. 0.69% of the stock is owned by insiders.

Several hedge funds have recently modified their holdings of the company. Cigna Investments Inc. New lifted its position in shares of Cypress Semiconductor by 0.6% during the second quarter. Cigna Investments Inc. New now owns 12,584 shares of the semiconductor company’s stock worth $173,000 after purchasing an additional 72 shares during the last quarter. ProShare Advisors LLC lifted its position in shares of Cypress Semiconductor by 0.3% during the second quarter. ProShare Advisors LLC now owns 47,595 shares of the semiconductor company’s stock worth $650,000 after purchasing an additional 162 shares during the last quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS lifted its position in shares of Cypress Semiconductor by 0.4% during the second quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS now owns 48,079 shares of the semiconductor company’s stock worth $656,000 after purchasing an additional 182 shares during the last quarter. Bank of Montreal Can lifted its position in shares of Cypress Semiconductor by 1.6% during the second quarter. Bank of Montreal Can now owns 20,158 shares of the semiconductor company’s stock worth $276,000 after purchasing an additional 324 shares during the last quarter. Finally, Stifel Financial Corp lifted its position in shares of Cypress Semiconductor by 0.4% during the second quarter. Stifel Financial Corp now owns 115,674 shares of the semiconductor company’s stock worth $1,579,000 after purchasing an additional 449 shares during the last quarter. 97.38% of the stock is currently owned by institutional investors and hedge funds.

TRADEMARK VIOLATION WARNING: This report was originally published by Watch List News and is owned by of Watch List News. If you are reading this report on another site, it was illegally stolen and republished in violation of United States and international copyright laws. The original version of this report can be read at https://www.watchlistnews.com/cypress-semiconductors-cy-underweight-rating-reaffirmed-at-morgan-stanley/1761831.html.

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)

Receive News & Ratings for Cypress Semiconductor Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Cypress Semiconductor and related companies with MarketBeat.com's FREE daily email newsletter.