Cypress Semiconductor (NASDAQ:CY)‘s stock had its “buy” rating reissued by research analysts at Craig Hallum in a report released on Tuesday. They presently have a $21.00 target price on the semiconductor company’s stock. Craig Hallum’s price target would indicate a potential upside of 42.08% from the stock’s current price.

CY has been the subject of several other research reports. Loop Capital reiterated a “buy” rating and set a $20.00 price target on shares of Cypress Semiconductor in a report on Monday, November 20th. BidaskClub upgraded shares of Cypress Semiconductor from a “hold” rating to a “buy” rating in a report on Thursday, September 21st. Needham & Company LLC restated a “buy” rating and issued a $20.00 target price on shares of Cypress Semiconductor in a report on Monday, September 18th. Credit Suisse Group upped their target price on shares of Cypress Semiconductor from $14.00 to $15.00 and gave the company a “neutral” rating in a report on Friday, October 27th. Finally, Barclays cut shares of Cypress Semiconductor from an “overweight” rating to an “equal weight” rating and lowered their target price for the company from $18.00 to $17.00 in a report on Tuesday, October 31st. One equities research analyst has rated the stock with a sell rating, four have issued a hold rating, eight have given a buy rating and one has assigned a strong buy rating to the company’s stock. The company has an average rating of “Buy” and an average target price of $17.58.

Cypress Semiconductor (NASDAQ:CY) traded up $0.02 during midday trading on Tuesday, reaching $14.78. 6,393,400 shares of the company’s stock traded hands, compared to its average volume of 6,416,238. The company has a quick ratio of 0.92, a current ratio of 1.35 and a debt-to-equity ratio of 0.60. Cypress Semiconductor has a 12 month low of $10.86 and a 12 month high of $17.42. The firm has a market cap of $4,924.89, a PE ratio of 30.75, a PEG ratio of 2.66 and a beta of 2.01.

Cypress Semiconductor (NASDAQ:CY) last posted its quarterly earnings results on Thursday, October 26th. The semiconductor company reported $0.27 EPS for the quarter, topping the consensus estimate of $0.23 by $0.04. Cypress Semiconductor had a net margin of 2.64% and a return on equity of 2.40%. The company had revenue of $604.57 million during the quarter, compared to analysts’ expectations of $602.16 million. During the same quarter in the previous year, the business posted $0.15 EPS. The firm’s revenue was up 14.0% on a year-over-year basis. sell-side analysts predict that Cypress Semiconductor will post 0.56 earnings per share for the current year.

In other Cypress Semiconductor news, Director J Daniel Mccranie purchased 30,000 shares of Cypress Semiconductor stock in a transaction that occurred on Thursday, September 14th. The stock was purchased at an average price of $14.37 per share, for a total transaction of $431,100.00. Following the transaction, the director now directly owns 55,000 shares in the company, valued at $790,350. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, EVP Trent Thad sold 74,818 shares of the company’s stock in a transaction on Monday, October 16th. The shares were sold at an average price of $15.77, for a total transaction of $1,179,879.86. Following the completion of the sale, the executive vice president now owns 172,105 shares of the company’s stock, valued at approximately $2,714,095.85. The disclosure for this sale can be found here. In the last quarter, insiders sold 100,604 shares of company stock valued at $1,619,497. 0.69% of the stock is owned by insiders.

Institutional investors have recently made changes to their positions in the business. San Francisco Sentry Investment Group CA grew its stake in shares of Cypress Semiconductor by 1,061.4% during the 3rd quarter. San Francisco Sentry Investment Group CA now owns 6,655 shares of the semiconductor company’s stock worth $100,000 after purchasing an additional 6,082 shares during the period. Ffcm LLC grew its stake in Cypress Semiconductor by 139.2% in the 2nd quarter. Ffcm LLC now owns 8,145 shares of the semiconductor company’s stock valued at $109,000 after acquiring an additional 4,740 shares during the last quarter. IFP Advisors Inc grew its stake in Cypress Semiconductor by 13.3% in the 2nd quarter. IFP Advisors Inc now owns 8,628 shares of the semiconductor company’s stock valued at $118,000 after acquiring an additional 1,014 shares during the last quarter. Thompson Davis & CO. Inc. grew its stake in Cypress Semiconductor by 45.6% in the 2nd quarter. Thompson Davis & CO. Inc. now owns 10,119 shares of the semiconductor company’s stock valued at $138,000 after acquiring an additional 3,169 shares during the last quarter. Finally, ING Groep NV acquired a new stake in shares of Cypress Semiconductor during the 2nd quarter worth about $138,000. Institutional investors own 97.38% of the company’s stock.

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Cypress Semiconductor Company Profile

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 (NASDAQ:CY)

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