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 2 analysts believe that the stock has a limited upside, hence they advise a Hold. The average broker rating of 9 research analysts is 1.61, which indicates as a Buy.
Cypress Semiconductor Corporation (CY) has been rated by 8 research analysts. Fundamentally, the highest shorterm price forecast for the stock is expected to reach $15 and the lowest price target forecast is $10. The average forecast of all the analysts is $12.38 and the expected standard deviation is $1.85.
Also, Roth Capital initiates coverage on Cypress Semiconductor Corporation (NASDAQ:CY) The brokerage firm has issued a Buy rating on the shares. The Analysts at the ratings agency announces the price target to $13 per share. The rating by the firm was issued on September 1, 2016.
Cypress Semiconductor Corporation (NASDAQ:CY): After opening at $11.75, the stock dipped to an intraday low of $11.68 on Thursday. However, the bulls stepped in to buy at lower levels and pushed the stock higher. The stock touched an intraday high of $11.94 and the buying power remained strong till the end. The stock closed at $11.87 for the day, a gain of 1.54% for the day session. The total traded volume was 3,210,270. The stocks close on the previous trading day was $11.69.
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.