Cypress Semiconductor Corp.’s “Hold” Rating Reaffirmed at Nomura (CY)
Cypress Semiconductor Corp. (NYSE:CY)‘s stock had its “hold” rating restated by research analysts at Nomura in a report released on Wednesday, StockRatingsNetwork.com reports. They currently have a $12.00 price target on the stock. Nomura’s price target suggests a potential upside of 24.35% from the stock’s previous close.
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 52-week low of $8.70 and a 52-week 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 saw unusually large options trading on Tuesday. Traders bought 8,291 call options on the stock. This represents an increase of 1,060% compared to the average daily 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 for the quarter, beating the analysts’ 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 last year, the company posted $0.18 earnings per share. Cypress Semiconductor Corp.’s revenue was down 3.9% compared to the same quarter last year. On average, analysts predict that Cypress Semiconductor Corp. will post $0.54 earnings per share for the current fiscal year.
CY has been the subject of a number of other recent research reports. Analysts at UBS AG 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 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. Finally, 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.
Two equities research analysts have rated the stock with a sell rating, ten have issued a hold rating and four have issued a buy rating to the company. The company has an average rating of “Hold” and an average price target of $13.69.
Cypress Semiconductor Corporation (NYSE:CY), delivers high-performance, mixed-signal and programmable solutions.
Get Analysts' Upgrades and Downgrades via Email - Stay on top of analysts' coverage with Analyst Ratings Network's FREE daily email newsletter that provides a concise list of analysts' upgrades and downgrades. Click here to register now.