Cypress Semiconductor Corporation (CY) : Money flow in the Cypress Semiconductor Corporation (CY) stock was negative (0.67 million) on Tuesday, which shows that the investors used the strength in the stock price to reduce their holdings. The total traded value on upticks was $1.1 million, compared to $1.77 million on downticks. The total uptick to downtick ratio was 0.62, indicating the underlying weakness in the stock. Even in block trades, money flow was negative ($0.29 million), indicating selling on the strength. Downtick transaction value in block trades amounted to $0.29 million, indicating persistent selling. Cypress Semiconductor Corporation (CY) traded $0.11 higher at $11.24 gaining 1% over the previous days close.
Also, Major Brokerage house, Pacific Crest maintains its ratings on Cypress Semiconductor Corporation (NASDAQ:CY). In the latest research report, Pacific Crest raises the target price from $11 per share to $14 per share. According to the latest information available, the shares are now rated Overweight by the analysts at the agency. The rating by the firm was issued on July 29, 2016.
Shares of Cypress Semiconductor Corporation rose by 4.17% in the last five trading days and 1.03% for the last 4 weeks. Cypress Semiconductor Corporation is up 9% in the last 3-month period. Year-to-Date the stock performance stands at 22.8%.
Cypress Semiconductor Corporation (NASDAQ:CY): During Tuesdays trading session, Bulls were in full control of the stock right from the opening. The stock opened at $11.10 and $11.10 proved to be the low of the day. Continuous buying at higher levels pushed the stock towards an intraday high of $12.24. The buying momentum continued till the end and the stock did not give up its gains. It closed at $11.75, notching a gain of 5.57% for the day. The total traded volume was 23,470,917 . The stock had closed at $11.13 on the previous day.
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.