Cypress Semiconductor Receives Consensus Recommendation of “Hold” from Analysts (NYSE:CY)
Shares of Cypress Semiconductor (NYSE:CY) have received an average recommendation of “Hold” from the twelve ratings firms that are presently covering the stock, AnalystRatings.Net reports. One analyst has rated the stock with a sell rating, eight have given a hold rating and three have assigned a buy rating to the company. The average twelve-month target price among brokerages that have issued a report on the stock in the last year is $10.92.
A number of analysts have recently weighed in on CY shares. Analysts at Sterne Agee reiterated a “positive” rating on shares of Cypress Semiconductor in a research note on Wednesday. They now have a $10.32 price target on the stock, down previously from $13.00. Separately, analysts at Zacks reiterated an “outperform” rating on shares of Cypress Semiconductor in a research note on Friday, May 30th. They now have a $12.00 price target on the stock. Finally, analysts at Zacks reiterated an “outperform” rating on shares of Cypress Semiconductor in a research note on Monday, April 21st. They now have a $12.00 price target on the stock.
Cypress Semiconductor (NYSE:CY) traded up 2.27% during mid-day trading on Friday, hitting $10.81. The stock had a trading volume of 912,313 shares. Cypress Semiconductor has a 52-week low of $8.61 and a 52-week high of $13.23. The stock has a 50-day moving average of $9.81 and a 200-day moving average of $9.95. The company’s market cap is $1.705 billion.
Cypress Semiconductor (NYSE:CY) last announced its earnings results on Thursday, April 17th. The company reported $0.07 EPS for the quarter, meeting the Thomson Reuters consensus estimate of $0.07. The company had revenue of $170.28 million for the quarter, compared to the consensus estimate of $169.00 million. During the same quarter in the prior year, the company posted $0.03 earnings per share. The company’s quarterly revenue was down 1.4% on a year-over-year basis. On average, analysts predict that Cypress Semiconductor will post $0.52 earnings per share for the current fiscal year.
The company also recently announced a quarterly dividend, which is scheduled for Thursday, July 17th. Shareholders of record on Thursday, June 26th will be paid a dividend of $0.11 per share. This represents a $0.44 annualized dividend and a dividend yield of 4.16%. The ex-dividend date is Tuesday, June 24th.
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.