Investment analysts at Susquehanna Bancshares began coverage on shares of Cypress Semiconductor (NASDAQ:CY) in a research report issued to clients and investors on Wednesday, Marketbeat.com reports. The firm set a “positive” rating and a $20.00 price target on the semiconductor company’s stock. Susquehanna Bancshares’ price objective indicates a potential upside of 31.15% from the company’s current price.
Other equities analysts also recently issued research reports about the stock. Needham & Company LLC reaffirmed a “buy” rating and set a $20.00 price target on shares of Cypress Semiconductor in a report on Friday, October 27th. BidaskClub downgraded shares of Cypress Semiconductor from a “strong-buy” rating to a “buy” rating in a report on Saturday, October 21st. SunTrust Banks reissued a “buy” rating and issued a $19.00 target price on shares of Cypress Semiconductor in a report on Thursday, October 12th. Bank of America reissued a “buy” rating on shares of Cypress Semiconductor in a report on Sunday, October 1st. Finally, Craig Hallum reissued a “buy” rating and issued a $20.00 target price on shares of Cypress Semiconductor in a report on Thursday, August 31st. One research analyst has rated the stock with a sell rating, four have given a hold rating, nine have given a buy rating and one has given a strong buy rating to the company. The stock currently has an average rating of “Buy” and an average target price of $17.88.
Cypress Semiconductor (CY) traded up $0.01 on Wednesday, hitting $15.25. 5,952,813 shares of the company were exchanged, compared to its average volume of 6,404,636. The company has a debt-to-equity ratio of 0.60, a quick ratio of 0.92 and a current ratio of 1.35. The stock has a market capitalization of $5,145.11, a P/E ratio of 32.13, a price-to-earnings-growth ratio of 2.78 and a beta of 2.01. Cypress Semiconductor has a one year low of $10.95 and a one year high of $17.42.
In other Cypress Semiconductor news, Director J Daniel Mccranie acquired 30,000 shares of the stock in a transaction that occurred on Thursday, September 14th. The stock was bought at an average cost of $14.37 per share, with a total value of $431,100.00. Following the completion of the purchase, the director now directly owns 55,000 shares in the company, valued at $790,350. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Also, EVP Trent Thad sold 74,818 shares of the company’s stock in a transaction dated Monday, October 16th. The stock was 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 directly owns 172,105 shares of the company’s stock, valued at $2,714,095.85. The disclosure for this sale can be found here. Insiders have sold 100,604 shares of company stock valued at $1,619,497 over the last three months. Insiders own 0.69% of the company’s stock.
Several hedge funds have recently added to or reduced their stakes in the business. Cigna Investments Inc. New increased its holdings in shares of Cypress Semiconductor by 0.6% during the second quarter. Cigna Investments Inc. New now owns 12,584 shares of the semiconductor company’s stock valued at $173,000 after acquiring an additional 72 shares in the last quarter. ProShare Advisors LLC increased its holdings in shares of Cypress Semiconductor by 0.3% during the second quarter. ProShare Advisors LLC now owns 47,595 shares of the semiconductor company’s stock valued at $650,000 after acquiring an additional 162 shares in the last quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS increased its holdings in shares of Cypress Semiconductor by 0.4% during the second quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS now owns 48,079 shares of the semiconductor company’s stock valued at $656,000 after acquiring an additional 182 shares in the last quarter. Bank of Montreal Can increased its holdings in shares of Cypress Semiconductor by 1.6% during the second quarter. Bank of Montreal Can now owns 20,158 shares of the semiconductor company’s stock valued at $276,000 after acquiring an additional 324 shares in the last quarter. Finally, Stifel Financial Corp increased its holdings in shares of Cypress Semiconductor by 0.4% during the second quarter. Stifel Financial Corp now owns 115,674 shares of the semiconductor company’s stock valued at $1,579,000 after acquiring an additional 449 shares in the last quarter. 97.38% of the stock is owned by institutional investors and hedge funds.
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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.
