Cypress Semiconductor Given Average Recommendation of “Hold” by Analysts (NYSE:CY)
Shares of Cypress Semiconductor (NYSE:CY) have earned an average rating of “Hold” from the eleven ratings firms that are presently covering the company, AnalystRatings.NET reports. Nine investment analysts have rated the stock with a hold recommendation and two have issued a buy recommendation on the company. The average twelve-month target price among analysts that have issued a report on the stock in the last year is $10.81.
Several analysts have recently commented on the stock. Analysts at Zacks reiterated a “neutral” rating on shares of Cypress Semiconductor in a research note on Thursday, July 10th. They now have a $11.00 price target on the stock. Separately, analysts at Sterne Agee reiterated a “positive” rating on shares of Cypress Semiconductor in a research note on Wednesday, June 4th. They now have a $10.32 price target on the stock, down previously from $13.00.
Cypress Semiconductor (NYSE:CY) traded up 1.08% during mid-day trading on Wednesday, hitting $10.25. The stock had a trading volume of 166,905 shares. Cypress Semiconductor has a 1-year low of $8.61 and a 1-year high of $13.23. The stock’s 50-day moving average is $10.68 and its 200-day moving average is $10.17. The company’s market cap is $1.617 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. Analysts expect that Cypress Semiconductor will post $0.52 EPS for the current fiscal year.
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.