Cypress Semiconductor Corp. Price Target Cut to $10.00 (CY)
Research analysts at UBS AG decreased their price target on shares of Cypress Semiconductor Corp. (NYSE:CY) from $12.00 to $10.00 in a report released on Wednesday, American Banking and Market News reports. UBS AG’s target price would suggest a potential upside of 3.63% from the company’s current price.
Other equities research analysts have also recently issued reports about the stock. Analysts at Feltl & Co. cut their price target on shares of Cypress Semiconductor Corp. (NYSE:CY) from $12.00 to $10.00 in a research note to investors on Wednesday. They now have a “hold” rating on the stock. Separately, analysts at Sterne Agee cut their price target on shares of Cypress Semiconductor Corp. (NYSE:CY) from $15.00 to $13.00 in a research note to investors on Wednesday. They now have a “buy” rating on the stock. Finally, analysts at Wedbush downgraded shares of Cypress Semiconductor Corp. (NYSE:CY) from an “outperform” rating to a “neutral” rating in a research note to investors on Wednesday. They now have a $10.00 price target on the stock, down previously from $14.00.
Two investment analysts have rated the stock with a sell rating, eight have assigned a hold rating and five have assigned a buy rating to the company. Cypress Semiconductor Corp. presently has a consensus rating of “Hold” and a consensus price target of $13.85.
Shares of Cypress Semiconductor Corp. (NYSE:CY) traded down 5.65% during mid-day trading on Wednesday, hitting $9.105. The stock had a trading volume of 13,656,623 shares. Cypress Semiconductor Corp. has a 1-year low of $8.70 and a 1-year high of $13.23. The stock has a 50-day moving average of $11.64 and a 200-day moving average of $11.23. The company’s market cap is $1.359 billion. Cypress Semiconductor Corp. also was the recipient of unusually large options trading activity on Tuesday. Stock traders purchased 8,291 call options on the stock. This represents an increase of approximately 1,060% compared to the typical volume of 715 call options.
Cypress Semiconductor Corp. (NYSE:CY) last released its earnings data on Thursday, July 18th. The company reported $0.14 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.07 by $0.07. The company had revenue of $193.47 million for the quarter, compared to the consensus estimate of $182.79 million. During the same quarter in the previous year, the company posted $0.18 earnings per share. The company’s revenue for the quarter was down 3.9% on a year-over-year basis. Analysts expect that Cypress Semiconductor Corp. will post $0.54 EPS for the current fiscal year.
Cypress Semiconductor Corporation (NYSE:CY), delivers high-performance, mixed-signal and programmable solutions.
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