Cypress Semiconductor Corporation (CY) : Zacks Investment Research ranks Cypress Semiconductor Corporation (CY) as 3, which is a Hold recommendation. 5 research analysts consider that the stocks fundamentals point to a bright future, hence they rate the stock as a Strong Buy. 2 other analysts are mildly bullish on the stock and favor a Buy. A total of 4 analysts believe that the stock has a limited upside, hence they advise a Hold. The average broker rating of 11 research analysts is 1.86, which indicates as a Buy.
Cypress Semiconductor Corporation (CY) : 9 investment research analysts covering Cypress Semiconductor Corporation (CY) have an average price target of $11.89 for the near short term. The highest target price given by the Brokerage Firm to the stock is $15 and the lowest target is $9 for the short term. Analysts expect the variance to be within $2.03 of the average price.
Company shares have received an average consensus rating of Hold for the current week Cypress Semiconductor Corporation (NASDAQ:CY): The stock opened at $10.99 on Thursday but the bulls could not build on the opening and the stock topped out at $10.99 for the day. The stock traded down to $10.57 during the day, due to lack of any buying support eventually closed down at $10.92 with a loss of -3.53% for the day. The stock had closed at $11.32 on the previous day. The total traded volume was 17,207,457 shares.
In a related news, The Securities and Exchange Commission has divulged that Bingham H Raymond, director of Cypress Semiconductor Corp /De/, had unloaded 15,000 shares at an average price of $11.65 in a transaction dated on August 1, 2016. The total value of the transaction was worth $174,750.
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.