Cypress Semiconductor Corporation (NASDAQ:CY)‘s stock had its “buy” rating reissued by SunTrust Banks, Inc. in a research note issued to investors on Thursday. They currently have a $19.00 price objective on the semiconductor company’s stock. SunTrust Banks, Inc.’s price target indicates a potential upside of 20.56% from the stock’s current price.

Other analysts have also issued research reports about the stock. TheStreet upgraded shares of Cypress Semiconductor Corporation from a “c” rating to a “b-” rating in a research report on Thursday, July 27th. Loop Capital restated a “buy” rating and issued a $17.00 target price on shares of Cypress Semiconductor Corporation in a research report on Friday, July 28th. Needham & Company LLC raised their target price on shares of Cypress Semiconductor Corporation from $18.00 to $20.00 and gave the company a “buy” rating in a research report on Friday, July 28th. Craig Hallum raised their target price on shares of Cypress Semiconductor Corporation from $17.00 to $20.00 and gave the company a “buy” rating in a research report on Friday, July 28th. Finally, KeyCorp set a $17.00 target price on shares of Cypress Semiconductor Corporation and gave the company a “buy” rating in a research report on Wednesday, July 26th. One equities research analyst has rated the stock with a sell rating, one has given a hold rating and eleven have assigned a buy rating to the company’s stock. The stock presently has a consensus rating of “Buy” and an average target price of $17.09.

Cypress Semiconductor Corporation (NASDAQ CY) traded down 1.44% on Thursday, reaching $15.76. The company’s stock had a trading volume of 4,556,977 shares. The firm’s market cap is $5.24 billion. Cypress Semiconductor Corporation has a 12 month low of $9.63 and a 12 month high of $16.11. The firm’s 50 day moving average is $14.37 and its 200-day moving average is $13.92.

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

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In related news, Director Michael S. Wishart sold 30,000 shares of the business’s stock in a transaction on Tuesday, August 1st. The shares were sold at an average price of $14.07, for a total value of $422,100.00. Following the transaction, the director now owns 65,256 shares in the company, valued at $918,151.92. The transaction was disclosed in a document filed with the SEC, which is available through this link. Also, Director Catherine P. Lego bought 20,000 shares of the company’s stock in a transaction that occurred on Wednesday, September 6th. The stock was purchased at an average price of $13.69 per share, for a total transaction of $273,800.00. The disclosure for this purchase can be found here. In the last quarter, insiders have bought 60,000 shares of company stock worth $834,100. 0.69% of the stock is owned by company insiders.

A number of hedge funds have recently added to or reduced their stakes in the stock. Vanguard Group Inc. lifted its holdings in Cypress Semiconductor Corporation by 1.0% in the first quarter. Vanguard Group Inc. now owns 28,928,330 shares of the semiconductor company’s stock valued at $398,053,000 after buying an additional 282,468 shares during the period. BlackRock Inc. lifted its holdings in Cypress Semiconductor Corporation by 0.8% in the second quarter. BlackRock Inc. now owns 27,848,587 shares of the semiconductor company’s stock valued at $380,133,000 after buying an additional 231,335 shares during the period. FMR LLC lifted its holdings in Cypress Semiconductor Corporation by 310.3% in the second quarter. FMR LLC now owns 12,371,805 shares of the semiconductor company’s stock valued at $168,875,000 after buying an additional 9,356,825 shares during the period. State Street Corp lifted its holdings in Cypress Semiconductor Corporation by 3.4% in the second quarter. State Street Corp now owns 9,176,862 shares of the semiconductor company’s stock valued at $125,265,000 after buying an additional 302,001 shares during the period. Finally, Alliancebernstein L.P. lifted its holdings in Cypress Semiconductor Corporation by 4.4% in the second quarter. Alliancebernstein L.P. now owns 8,959,470 shares of the semiconductor company’s stock valued at $122,297,000 after buying an additional 380,718 shares during the period. Institutional investors and hedge funds own 97.06% 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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