Analyst Rating Update on Cypress Semiconductor Corporation (CY)

Cypress Semiconductor Corporation (CY) has an average broker rating of 1.86, which is interpreted as a Buy, as rated by 11 equity analysts. Nonetheless, 5 analysts are positive on the stocks future and they recommend a Strong Buy on the stock. 2 other analysts advise a Buy. Nevertheless, the majority of 4 analysts consider that the stock is a Hold with neither a large upside nor a downside. Ranking by Zacks Investment Research for Coach Inc is 4, which is also a Sell.

Cypress Semiconductor Corporation (CY) : The highest level Cypress Semiconductor Corporation (CY) is projected to reach is $15 for the short term and the lowest estimate is at $9. The consolidated price target from 9 rating analysts who initiate coverage on the stock is $11.89 and the possibility the share price can swing is $2.03.

Company shares have received an average consensus rating of Hold for the current week Also, Equity Analysts at the Pacific Crest maintains the rating on Cypress Semiconductor Corporation (NASDAQ:CY). The brokerage firm has issued a Overweight rating on the shares. The Analysts at the ratings agency raises the price target from $11 per share to $14 per share. The rating by the firm was issued on July 29, 2016.


Cypress Semiconductor Corporation (NASDAQ:CY): During Wednesdays trading session, Bulls were in full control of the stock right from the opening. The stock opened at $11.19 and $11.14 proved to be the low of the day. Continuous buying at higher levels pushed the stock towards an intraday high of $11.42. The buying momentum continued till the end and the stock did not give up its gains. It closed at $11.35, notching a gain of 1.16% for the day. The total traded volume was 3,603,890 . The stock had closed at $11.22 on the previous day.

Cypress Semiconductor Corporation is a provider of mixed-signal programmable solutions. The Companys offerings include PSoC 1, PSoC 3, PSoC 4 and PSoC 5LP programmable system-on-chip families. It caters to markets, including industrial, mobile handsets, consumer, computation, data communications, automotive and military. The Company operates in four segments: Programmable Systems Division, Memory Products Division, Data Communications Division and Emerging Technologies Division. The Programmable Solutions Division designs and develops solutions for end-product manufacturers. The Memory Products Division designs and manufactures SRAM products and non-volatile RAMs (random access memories). The Data Communications Division focuses on solutions for industrial, handset and consumer applications. The Emerging Technologies Division consists of the Companys subsidiaries, AgigA Tech, Inc. and Deca Technologies, Inc.

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