Cypress Semiconductor (NASDAQ:CY) had its price objective upped by equities research analysts at MKM Partners to $18.00 in a note issued to investors on Friday, The Fly reports. The firm presently has a “buy” rating on the semiconductor company’s stock. MKM Partners’ target price indicates a potential upside of 19.28% from the stock’s previous close.
CY has been the topic of several other research reports. ValuEngine lowered Cypress Semiconductor from a “hold” rating to a “sell” rating in a research report on Tuesday, January 22nd. BidaskClub upgraded Cypress Semiconductor from a “hold” rating to a “buy” rating in a research report on Saturday, February 9th. Craig Hallum restated a “buy” rating and set a $18.00 target price (down previously from $20.00) on shares of Cypress Semiconductor in a research report on Friday, February 1st. Zacks Investment Research lowered Cypress Semiconductor from a “hold” rating to a “sell” rating in a research report on Wednesday, January 16th. Finally, Bank of America restated a “buy” rating and set a $18.00 target price on shares of Cypress Semiconductor in a research report on Thursday. Three analysts have rated the stock with a sell rating, two have assigned a hold rating and nine have assigned a buy rating to the company’s stock. Cypress Semiconductor has a consensus rating of “Hold” and a consensus price target of $17.32.
NASDAQ CY opened at $15.09 on Friday. Cypress Semiconductor has a 12 month low of $11.75 and a 12 month high of $18.72. The stock has a market capitalization of $5.52 billion, a price-to-earnings ratio of 13.01, a P/E/G ratio of 1.77 and a beta of 1.93. The company has a debt-to-equity ratio of 0.41, a quick ratio of 0.89 and a current ratio of 1.64.
Cypress Semiconductor (NASDAQ:CY) last released its quarterly earnings results on Thursday, January 31st. The semiconductor company reported $0.30 EPS for the quarter, beating analysts’ consensus estimates of $0.27 by $0.03. Cypress Semiconductor had a return on equity of 22.01% and a net margin of 14.28%. The firm had revenue of $604.47 million for the quarter, compared to analyst estimates of $598.72 million. Equities research analysts expect that Cypress Semiconductor will post 0.85 EPS for the current year.
In other news, CEO Hassane El-Khoury sold 4,300 shares of the stock in a transaction that occurred on Wednesday, January 9th. The stock was sold at an average price of $13.00, for a total value of $55,900.00. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, EVP Sudhir Gopalswamy sold 12,598 shares of the stock in a transaction that occurred on Friday, January 25th. The stock was sold at an average price of $14.00, for a total value of $176,372.00. The disclosure for this sale can be found here. In the last quarter, insiders sold 19,898 shares of company stock worth $279,012. Corporate insiders own 0.43% of the company’s stock.
Several institutional investors have recently modified their holdings of CY. Essex Savings Bank purchased a new stake in shares of Cypress Semiconductor in the fourth quarter worth approximately $25,000. Loeb Partners Corp purchased a new stake in shares of Cypress Semiconductor during the fourth quarter valued at approximately $25,000. Resources Investment Advisors Inc. increased its position in shares of Cypress Semiconductor by 52.1% during the fourth quarter. Resources Investment Advisors Inc. now owns 2,003 shares of the semiconductor company’s stock valued at $25,000 after acquiring an additional 686 shares during the last quarter. PRW Wealth Management LLC purchased a new stake in shares of Cypress Semiconductor during the fourth quarter valued at approximately $25,000. Finally, Dubuque Bank & Trust Co. purchased a new stake in shares of Cypress Semiconductor during the fourth quarter valued at approximately $36,000. 82.04% of the stock is owned by hedge funds and other institutional investors.
About Cypress Semiconductor
Cypress Semiconductor Corporation designs, develops, manufactures, markets, and sells embedded system solutions worldwide. It operates in two segments, Microcontroller and Connectivity Division, and Memory Products Division. The Microcontroller and Connectivity Division provides microcontroller (MCU), analog, and wireless and wired connectivity solutions, including Traveo automotive MCUs; programmable system-on-chip and general-purpose MCUs; ARM Cortex-M4, -M3, and -M0+ MCUs; R4 CPUs; analog power management integrated circuits and energy harvesting solutions; CapSense capacitive-sensing controllers; TrueTouch touchscreens; Wi-Fi, Bluetooth, Bluetooth low energy, and ZigBee solutions; WICED development platform; and USB controllers comprising solutions for the USB-C and USB power delivery standards, as well as wireless Internet of things connectivity solutions.
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