Cypress Semiconductor Corporation (CY) is Reiterated by Craig Hallum to Buy, Raises Price Target to $ 14

Cypress Semiconductor Corporation (CY) was Reiterated by Craig Hallum to “Buy” according to the research note released today. The brokerage firm has raised the Price Target to $ 14 from a previous price target of $12 . Craig Hallum advised their investors in a research report released on Jul 29, 2016.

Many Wall Street Analysts have commented on Cypress Semiconductor Corporation. Morgan Stanley Downgraded Cypress Semiconductor Corporation on Jul 18, 2016 to ” Equal-Weight”, Price Target of the shares are set at $11.

On the company’s financial health, Cypress Semiconductor Corporation reported $0.12 EPS for the quarter, based on the information available during the earnings call on Jul 28, 2016. Analyst had a consensus estimate of $0.12. The company had revenue of $456.38 million for the quarter, compared to analysts expectations of $455.19 million. The company’s revenue was down -7.1 % compared to the same quarter last year.During the same quarter in the previous year, the company posted $0.15 EPS.

Cypress Semiconductor Corporation (CY) witnessed a volatile trading activity on Thursday , and eventually ended flat at 0.00% or 0 points without letting the bulls or bears take much advantage. The trading began at $11.62 and reached the intraday high at $11.78. The bulls started the profit booking and pushed the shares to intraday low of $11.54. The trading session was marked by a volume range of 81,98,107 shares exchanging hands. The 52-week high of the shares is $11.93 and the 52-week low is $6.3. The market cap of the company stands at $3,641 M and there are 31,17,60,280 shares in public circulation.

In a different news, on Jul 6, 2016, H Raymond Bingham (director) sold 15,000 shares at $10.40 per share price. According to the SEC, on Mar 21, 2016, Hassane El-khoury (EVP, Programmable Systems) sold 30,000 shares at $0.00 per share price. On Mar 15, 2016, Oc Kwon (director) sold 1,164 shares at $0.00 per share price, according to the Form-4 filing with the securities and exchange commission.

Cypress Semiconductor Corporation is a provider of mixed-signal programmable solutions. The Company’s 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 Company’s subsidiaries AgigA Tech Inc. and Deca Technologies Inc.

Cypress Semiconductor Corporation

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