Price Target Update on Cypress Semiconductor Corporation (NASDAQ:CY)

Cypress Semiconductor Corporation (NASDAQ:CY) stock is expected to deviate a maximum of $1.73 from the average target price of $11.1 for the short term period. 10 Street Experts have initiated coverage on the stock with the most promising target being $15 and the most muted being $9.

Other Equity analysts have also commented on the company shares. SunTrust Robinson Humphrey maintains their rating on the shares of Cypress Semiconductor Corporation (NASDAQ:CY). The current rating of the shares is Neutral. Equity Analysts at the Firm raises the price target to $9 per share from $8.5 per share. The rating by the firm was issued on March 7, 2016.

Cypress Semiconductor Corporation (NASDAQ:CY): stock turned positive on Thursday. Though the stock opened at $10.03, the bulls momentum made the stock top out at $10.54 level for the day. The stock recorded a low of $10.01 and closed the trading day at $10.49, in the green by 6.07%. The total traded volume for the day was 16,731,875. The stock had closed at $9.89 in the previous days trading.

The company shares have dropped -19.46% from its 1 Year high price. On Jun 25, 2015, the shares registered one year high at $12.47 and the one year low was seen on Feb 11, 2016. The 50-Day Moving Average price is $10.08 and the 200 Day Moving Average price is recorded at $8.91. On the companys insider trading activities, The director, of Cypress Semiconductor Corp /De/, Bingham H Raymond had unloaded 15,000 shares at $10.58 per share in a transaction on June 1, 2016. The total value of transaction was $158,700. The Insider information was revealed by the Securities and Exchange Commission in a Form 4 filing.

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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