BidaskClub Lowers ON Semiconductor Corporation (ON) to Hold

Paterniano Del Favero
Luglio 18, 2017

ON Semiconductor Corporation earned a media sentiment score of 0.12 on Accern's scale. Bank of Montreal Can now owns 1,840,953 shares of the semiconductor company's stock worth $25,847,000 after buying an additional 888,022 shares in the last quarter. Menta Capital LLC boosted its position in ON Semiconductor Corporation by 183.6% in the fourth quarter. Advisors Capital Management LLC's holdings in Cypress Semiconductor Corporation were worth $22,071,000 at the end of the most recent quarter.

Several research analysts recently weighed in on the stock. Needham maintained Cypress Semiconductor Corporation (NASDAQ:CY) rating on Friday, January 29. Boston Partners now owns 20,408,521 shares of the semiconductor company's stock valued at $316,128,000 after buying an additional 1,068,570 shares during the last quarter. ClariVest Asset Management LLC boosted its stake in Cypress Semiconductor Corporation by 101.7% in the first quarter. Vanguard Group Inc. raised its position in shares of ON Semiconductor Corporation by 5.2% in the first quarter. Livforsakringsbolaget Skandia Omsesidigt raised its stake in ON Semiconductor Corporation by 12.1% in the second quarter. Insiders have sold a total of 134,690 shares of company stock worth $2,094,440 over the last quarter. Finally, FIL Ltd raised its position in shares of ON Semiconductor Corporation by 5.1% in the first quarter. Institutional investors own 96.46% of the company's stock. 3,762,604 shares of the company's stock traded hands. The company has a 50-day moving average price of $15.43 and a 200-day moving average price of $14.57. It worsened, as 35 investors sold Cypress Semiconductor Corporation shares while 93 reduced holdings. The stock has a market cap of $6.34 billion, a price-to-earnings ratio of 29.00 and a beta of 1.96.

Cypress Semiconductor Corporation (NASDAQ:CY) last issued its quarterly earnings data on Thursday, April 27th. The semiconductor company reported $0.08 earnings per share for the quarter, topping the Thomson Reuters' consensus estimate of $0.02 by $0.06. Amer invested 0.03% of its portfolio in Cypress Semiconductor Corporation (NASDAQ:CY). During the same period in the prior year, the firm posted $0.07 EPS.

The business also recently announced a quarterly dividend, which will be paid on Thursday, July 20th. Mizuho maintained the shares of CY in report on Thursday, June 22 with "Buy" rating. The ex-dividend date is Tuesday, June 27th. This represents a $0.44 dividend on an annualized basis and a dividend yield of 3.08%.

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CY has been the subject of a number of other reports.

Headlines about ON Semiconductor Corporation (NASDAQ:ON) have been trending positive on Wednesday, Accern reports. Vetr raised shares of ON Semiconductor Corporation from a "sell" rating to a "strong-buy" rating and set a $16.85 target price for the company in a research note on Tuesday, April 11th.

5 year sales growth rate is an important factor for valuation analysis, the 5 year sales growth of Cypress Semiconductor Corporation (CY) stands at 14.08 while the industry's and the sector's growth for next 5 years ticked at -0.76 and 5 respectively. Finally, Mizuho boosted their target price on Cypress Semiconductor Corporation from $15.00 to $16.00 and gave the company a "buy" rating in a report on Thursday, March 30th. Two equities research analysts have rated the stock with a hold rating and twelve have issued a buy rating to the stock. The stock has a consensus rating of "Buy" and a consensus price target of $15.77. On Monday, March 20 BENHAMOU ERIC sold $709,075 worth of Cypress Semiconductor Corporation (NASDAQ:CY) or 50,000 shares. The shares were sold at an average price of $14.04, for a total transaction of $140,400.00. Following the transaction, the director now directly owns 89,997 shares in the company, valued at $1,197,860.07. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director Oc Kwon sold 6,385 shares of the company's stock in a transaction that occurred on Thursday, June 8th. Following the transaction, the director now owns 69,124 shares in the company, valued at $968,427.24.

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