Cypress Semiconductor Corporation (CY) Receives Price Target

Cypress Semiconductor Corporation (CY) : Average target price received by Cypress Semiconductor Corporation (CY) is $12.38 with an expected standard deviation of $1.85. The most aggressive target on the stock is $15, whereas the most downbeat target is $10. 8 financial analysts are currently covering the stock.

Cypress Semiconductor Corporation (CY) : Zacks Investment Research ranks Cypress Semiconductor Corporation (CY) as 3, which is a Hold recommendation. 6 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 10 research analysts is 1.55, which indicates as a Buy.


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.

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 $11.98 and $11.79 proved to be the low of the day. Continuous buying at higher levels pushed the stock towards an intraday high of $12.23. The buying momentum continued till the end and the stock did not give up its gains. It closed at $12.07, notching a gain of 1.17% for the day. The total traded volume was 7,912,683 . The stock had closed at $11.93 on the previous day.

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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