Short Term Price Target on Cypress Semiconductor Corporation (CY)

Cypress Semiconductor Corporation (NASDAQ:CY) has been rated by 9 research analysts. Fundamentally, the highest shorterm price forecast for the stock is expected to reach $15 and the lowest price target forecast is $9. The average forecast of all the analysts is $11.22 and the expected standard deviation is $1.72.

Shares of Cypress Semiconductor Corporation appreciated by 1.78% during the last five trading days but lost 2.14% on a 4-week basis. Cypress Semiconductor Corporation is up 21.88% in the last 3-month period. Year-to-Date the stock performance stands at 10.26%.

Cypress Semiconductor Corporation (NASDAQ:CY) : 5 brokerage houses believe that Cypress Semiconductor Corporation (NASDAQ:CY) is a Strong Buy at current levels. 2 Analyst considers the fundamentals to be worthy of a Buy recommendation. 4 analysts believe that the current prices are in a balance with the stocks fundamentals, hence they propose Hold on Cypress Semiconductor Corporation (NASDAQ:CY). Zacks Investment Research suggests a Hold with a rank of 3.The median of all the 11 Wall Street Analysts endorse the stock as a Buy with a rating of 1.86.

Cypress Semiconductor Corporation (NASDAQ:CY): During Thursdays trading session, Bulls were in full control of the stock right from the opening. The stock opened at $9.65 and $9.58 proved to be the low of the day. Continuous buying at higher levels pushed the stock towards an intraday high of $10.58. The buying momentum continued till the end and the stock did not give up its gains. It closed at $10.55, notching a gain of 10.47% for the day. The total traded volume was 27,152,571 . The stock had closed at $9.55 on the previous day.

In an insider trading activity,The director of Cypress Semiconductor Corp /De/, Bingham H Raymond sold 20,000 shares at $10.26 on June 17, 2016. The Insider selling transaction had a total value worth of $205,200. The Insider information was disclosed with 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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