TOday’s Movers: Cypress Semi (NASDAQ:CY) Stock Rating Reaffirmed at Craig Hallum; $25 Target Price Indicates 46.63 % Potential

July 27, 2018 - By Mark Babin

Cypress Semiconductor Corporation (NASDAQ:CY) Logo

Investors sentiment decreased to 1.19 in 2018 Q1. Its down 0.30, from 1.49 in 2017Q4. It dived, as 35 investors sold Cypress Semiconductor Corporation shares while 115 reduced holdings. 65 funds opened positions while 114 raised stakes. 291.90 million shares or 0.35% more from 290.88 million shares in 2017Q4 were reported.

First Manhattan Communication reported 0% stake. Jpmorgan Chase And has 2.48M shares for 0.01% of their portfolio. Bogle Invest Limited Partnership De invested in 759,581 shares or 0.97% of the stock. New Jersey Better Educational Savings reported 0.28% of its portfolio in Cypress Semiconductor Corporation (NASDAQ:CY). Davenport Limited Liability Corp holds 42,655 shares. Putnam Ltd Liability reported 0.01% in Cypress Semiconductor Corporation (NASDAQ:CY). Rhumbline Advisers reported 649,231 shares. Capital One Natl Association reported 95,867 shares stake. Ubs Asset Mgmt Americas reported 292,648 shares. Mackay Shields Ltd Co reported 195,268 shares stake. Hbk Invs L P invested 0.1% of its portfolio in Cypress Semiconductor Corporation (NASDAQ:CY). Rafferty Asset Mngmt Ltd Liability Corporation has invested 0.1% in Cypress Semiconductor Corporation (NASDAQ:CY). Salem Inv Counselors Inc holds 0% or 900 shares. Moreover, Utah Retirement Systems has 0.02% invested in Cypress Semiconductor Corporation (NASDAQ:CY). Moreover, Financial Mgmt Professionals has 0% invested in Cypress Semiconductor Corporation (NASDAQ:CY) for 186 shares.

Since February 16, 2018, it had 1 buying transaction, and 12 insider sales for $1.74 million activity. GOPALSWAMY SUDHIR sold $52,802 worth of stock or 3,000 shares. The insider GEHA SAM sold $9,230. Another trade for 5,900 shares valued at $99,724 was sold by WISHART MICHAEL S.

Cypress Semi (NASDAQ:CY) Rating Reaffirmed

Craig Hallum now has a $25 PT on shares of Cypress Semi (NASDAQ:CY). The PT would suggest a potential upside of 46.63 % from the current price of Cypress Semi (NASDAQ:CY). This rating was disclosed to clients in analysts report on Friday, 27 July.

Cypress Semiconductor Corporation (NASDAQ:CY) Ratings Coverage

Among 8 analysts covering Cypress Semicon (NASDAQ:CY), 7 have Buy rating, 0 Sell and 1 Hold. Therefore 88% are positive. Cypress Semicon has $22.0 highest and $19.0 lowest target. $21’s average target is 23.17% above currents $17.05 stock price. Cypress Semicon had 11 analyst reports since January 29, 2018 according to SRatingsIntel. Mizuho maintained the stock with “Buy” rating in Thursday, February 1 report. The rating was maintained by Craig Hallum on Friday, April 27 with “Buy”. The rating was maintained by Piper Jaffray on Tuesday, June 26 with “Buy”. KeyBanc Capital Markets maintained the shares of CY in report on Friday, February 2 with “Overweight” rating. The stock of Cypress Semiconductor Corporation (NASDAQ:CY) earned “Buy” rating by Susquehanna on Friday, April 27. The stock of Cypress Semiconductor Corporation (NASDAQ:CY) earned “Buy” rating by Piper Jaffray on Monday, January 29. SunTrust maintained it with “Hold” rating and $19.0 target in Friday, February 2 report. Cowen & Co initiated the stock with “Buy” rating in Tuesday, May 22 report. The firm has “Buy” rating by Mizuho given on Friday, April 27. Mizuho maintained Cypress Semiconductor Corporation (NASDAQ:CY) on Thursday, May 3 with “Buy” rating.

The stock increased 2.03% or $0.34 during the last trading session, reaching $17.05. About 5.61M shares traded or 21.10% up from the average. Cypress Semiconductor Corporation (NASDAQ:CY) has risen 17.92% since July 27, 2017 and is uptrending. It has outperformed by 5.35% the S&P500.

Cypress Semiconductor Corporation designs, develops, makes, markets, and sells embedded system solutions worldwide. The company has market cap of $6.11 billion. It operates in two divisions, Microcontroller and Connectivity Division and Memory Products Division. It currently has negative earnings. The Microcontroller and Connectivity Division provides microcontroller , analog, and wireless and wired connectivity solutions, including Traveo automotive MCUs; programmable system-on-chip MCUs; ARM Cortex-M4, -M3, and -M0+ MCUs; R4 CPUs; analog power management integrated circuits and energy harvesting solutions; CapSense capacitive-sensing controllers; TrueTouch touchscreen and fingerprint reader products; USB controllers comprising solutions for the USB-C and USB power delivery standards; and Wi-Fi, Bluetooth, Bluetooth low energy and ZigBee radios, and WICED development platforms for the Internet of things (IoT).

More notable recent Cypress Semiconductor Corporation (NASDAQ:CY) news were published by: Seekingalpha.com which released: “Cypress Semi +2.8% on Q2 beats, upside guide” on July 26, 2018, also Seekingalpha.com with their article: “Cypress Semiconductor (CY) Q2 2018 Results – Earnings Call Transcript” published on July 27, 2018, Fool.com published: “Better Buy: Micron Technology vs. Cypress Semiconductor” on July 27, 2018. More interesting news about Cypress Semiconductor Corporation (NASDAQ:CY) were released by: Fool.com and their article: “Time to Get Greedy With Cypress Semiconductor Stock” published on July 01, 2018 as well as Businesswire.com‘s news article titled: “Cypress Reports Second Quarter 2018 Results” with publication date: July 26, 2018.

Cypress Semiconductor Corporation (NASDAQ:CY) Institutional Positions Chart

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