Cypress Semiconductor Corporation (NASDAQ:CY) was upgraded by equities research analysts at BidaskClub from a “hold” rating to a “buy” rating in a research report issued to clients and investors on Thursday.

A number of other equities analysts have also recently weighed in on CY. Barclays PLC upgraded shares of Cypress Semiconductor Corporation from an “equal weight” rating to an “overweight” rating and upped their price objective for the stock from $14.00 to $18.00 in a research report on Wednesday, June 28th. Zacks Investment Research upgraded shares of Cypress Semiconductor Corporation from a “hold” rating to a “buy” rating and set a $15.00 price objective for the company in a research report on Thursday, June 29th. Mizuho restated a “buy” rating and set a $17.00 price objective on shares of Cypress Semiconductor Corporation in a research report on Tuesday, August 29th. KeyCorp set a $17.00 price objective on shares of Cypress Semiconductor Corporation and gave the stock a “buy” rating in a research report on Wednesday, July 26th. Finally, Bank of America Corporation restated a “buy” rating and set a $18.00 price objective on shares of Cypress Semiconductor Corporation in a research report on Thursday, May 25th. One investment analyst has rated the stock with a sell rating, one has given a hold rating and twelve have given a buy rating to the company’s stock. The stock currently has a consensus rating of “Buy” and a consensus target price of $16.75.

Cypress Semiconductor Corporation (CY) traded down 1.79% on Thursday, reaching $14.25. 3,708,357 shares of the company’s stock traded hands. The stock’s market cap is $4.74 billion. Cypress Semiconductor Corporation has a 12-month low of $9.63 and a 12-month high of $15.11. The stock has a 50 day moving average price of $13.74 and a 200 day moving average price of $13.78.

Cypress Semiconductor Corporation (NASDAQ:CY) last posted its earnings results on Thursday, July 27th. The semiconductor company reported $0.21 earnings per share (EPS) for the quarter, beating the consensus estimate 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 during the quarter, compared to analysts’ expectations of $546.82 million. During the same period in the previous year, the business posted $0.13 EPS. The business’s revenue was up 11.6% compared to the same quarter last year. Analysts forecast that Cypress Semiconductor Corporation will post $0.80 EPS for the current year.

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In other news, Director J Daniel Mccranie acquired 30,000 shares of the company’s stock in a transaction that occurred on Thursday, September 14th. The stock was purchased at an average price of $14.37 per share, with a total value of $431,100.00. Following the completion of the acquisition, the director now owns 55,000 shares of the company’s stock, valued at approximately $790,350. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, EVP Dana Nazarian sold 250,075 shares of the company’s stock in a transaction dated Friday, August 4th. The shares were sold at an average price of $14.10, for a total transaction of $3,526,057.50. Following the completion of the sale, the executive vice president now directly owns 302,657 shares of the company’s stock, valued at approximately $4,267,463.70. The disclosure for this sale can be found here. Insiders have bought 60,000 shares of company stock valued at $834,100 in the last ninety days. Insiders own 0.69% of the company’s stock.

Hedge funds have recently made changes to their positions in the business. Legal & General Group Plc boosted its stake in Cypress Semiconductor Corporation by 144.8% during the first quarter. Legal & General Group Plc now owns 215,915 shares of the semiconductor company’s stock worth $2,971,000 after buying an additional 127,706 shares during the period. Advisors Capital Management LLC boosted its stake in Cypress Semiconductor Corporation by 3.3% during the second quarter. Advisors Capital Management LLC now owns 1,616,935 shares of the semiconductor company’s stock worth $22,071,000 after buying an additional 51,688 shares during the period. UBS Group AG boosted its stake in Cypress Semiconductor Corporation by 33.9% during the first quarter. UBS Group AG now owns 623,603 shares of the semiconductor company’s stock worth $8,580,000 after buying an additional 157,889 shares during the period. Teacher Retirement System of Texas boosted its stake in Cypress Semiconductor Corporation by 4.0% during the second quarter. Teacher Retirement System of Texas now owns 25,734 shares of the semiconductor company’s stock worth $351,000 after buying an additional 989 shares during the period. Finally, Northpointe Capital LLC boosted its stake in Cypress Semiconductor Corporation by 69.2% during the second quarter. Northpointe Capital LLC now owns 541,074 shares of the semiconductor company’s stock worth $7,386,000 after buying an additional 221,288 shares during the period. 96.98% of the stock is owned by institutional investors.

Cypress Semiconductor Corporation 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 Corporation (NASDAQ:CY)

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