Cypress Semiconductor Corporation (NASDAQ:CY)‘s stock had its “overweight” rating restated by investment analysts at KeyCorp in a research note issued to investors on Thursday.

Other research analysts have also recently issued reports about the stock. TheStreet raised shares of Cypress Semiconductor Corporation from a “c” rating to a “b-” rating in a report on Thursday, July 27th. Bank of America Corporation reissued a “buy” rating and issued a $18.00 price target on shares of Cypress Semiconductor Corporation in a report on Thursday, May 25th. Loop Capital reissued a “buy” rating and issued a $17.00 price target on shares of Cypress Semiconductor Corporation in a report on Friday, July 28th. Needham & Company LLC increased their price target on shares of Cypress Semiconductor Corporation from $18.00 to $20.00 and gave the company a “buy” rating in a report on Friday, July 28th. Finally, Craig Hallum increased their price target on shares of Cypress Semiconductor Corporation from $17.00 to $20.00 and gave the company a “buy” rating in a report on Friday, July 28th. One equities research analyst has rated the stock with a hold rating and twelve have assigned a buy rating to the stock. The company presently has a consensus rating of “Buy” and a consensus target price of $16.75.

Cypress Semiconductor Corporation (NASDAQ CY) traded up 1.10% during midday trading on Thursday, reaching $14.30. The company had a trading volume of 6,652,933 shares. The stock’s 50 day moving average price is $13.77 and its 200-day moving average price is $13.74. Cypress Semiconductor Corporation has a one year low of $9.63 and a one year high of $15.11. The firm’s market capitalization is $4.75 billion.

Cypress Semiconductor Corporation (NASDAQ:CY) last released its quarterly earnings results on Thursday, July 27th. The semiconductor company reported $0.21 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.16 by $0.05. The firm had revenue of $593.80 million for the quarter, compared to analysts’ expectations of $546.82 million. Cypress Semiconductor Corporation had a negative net margin of 6.04% and a positive return on equity of 6.27%. The business’s revenue was up 11.6% on a year-over-year basis. During the same period in the prior year, the firm earned $0.13 EPS. On average, equities research analysts anticipate that Cypress Semiconductor Corporation will post $0.80 earnings per share for the current year.

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In other news, Director Camillo Martino purchased 10,000 shares of Cypress Semiconductor Corporation stock in a transaction that occurred on Monday, August 21st. The shares were acquired at an average price of $12.92 per share, for a total transaction of $129,200.00. Following the transaction, the director now owns 20,000 shares of the company’s stock, valued at approximately $258,400. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, Director Michael S. Wishart sold 30,000 shares of the stock in a transaction that occurred on Tuesday, August 1st. The stock was sold at an average price of $14.07, for a total transaction of $422,100.00. Following the sale, the director now owns 65,256 shares in the company, valued at approximately $918,151.92. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 330,075 shares of company stock worth $4,613,658. Company insiders own 0.69% of the company’s stock.

Hedge funds and other institutional investors have recently bought and sold shares of the stock. IFP Advisors Inc boosted its position in shares of Cypress Semiconductor Corporation by 11.6% during the 1st quarter. IFP Advisors Inc now owns 7,614 shares of the semiconductor company’s stock worth $105,000 after acquiring an additional 794 shares in the last quarter. Ffcm LLC boosted its position in Cypress Semiconductor Corporation by 139.2% in the second quarter. Ffcm LLC now owns 8,145 shares of the semiconductor company’s stock valued at $109,000 after buying an additional 4,740 shares in the last quarter. Nordea Investment Management AB boosted its position in Cypress Semiconductor Corporation by 101.7% in the first quarter. Nordea Investment Management AB now owns 9,121 shares of the semiconductor company’s stock valued at $126,000 after buying an additional 4,600 shares in the last quarter. ClariVest Asset Management LLC boosted its position in Cypress Semiconductor Corporation by 101.7% in the first quarter. ClariVest Asset Management LLC now owns 9,121 shares of the semiconductor company’s stock valued at $126,000 after buying an additional 4,600 shares in the last quarter. Finally, Independence Advisors LLC acquired a new stake in Cypress Semiconductor Corporation in the second quarter valued at approximately $506,000. Institutional investors and hedge funds own 97.36% of the company’s stock.

About Cypress Semiconductor Corporation

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 Corporation (NASDAQ:CY)

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