Loop Capital Reiterates "Buy" Rating for Cypress Semiconductor Corporation (CY)

Paterniano Del Favero
Luglio 29, 2017

Lattice Semiconductor had 10 analyst reports since August 4, 2015 according to SRatingsIntel.

Cypress Semiconductor Corporation (NASDAQ:CY) last posted its earnings results on Thursday, July 27th.

Analyst mean recommendation rating on a stock by the analyst community is at 2.20. Shares of the company are trading at $14.87 which is just a bit higher than the 50 day moving average which is $13.85 and a tad higher than the 200 day moving average of $13.37. Stifel Nicolaus upped their price target on shares of ON Semiconductor Corp from $18.00 to $20.00 and gave the company a "buy" rating in a research report on Tuesday, May 9th. They set a neutral rating and a $10.50 price objective on the stock. The company has market cap of $4.78 billion. Macquarie Research upgraded the stock to "Neutral" rating in Friday, July 1 report. The company was initiated on Wednesday, May 10 by Citigroup. The shares were sold at an average price of $14.04, for a total transaction of $140,400.00. Its last month's stock price volatility remained 1.14% which for the week stands at 1.34%.

Cypress Semiconductor Corporation (CY) opened at 14.76 on Thursday. It has underperformed by 31.46% the S&P500. Ing Groep Nv divested its ownership by shedding 136,584 shares a decrease of 93.1% from 12/31/2016 to 06/30/2017. It also upped Affiliated Managers Group (NYSE:AMG) stake by 10,566 shares and now owns 113,254 shares. Ishares Russell 2000 Growth Et (IWO) was raised too. Therefore 17% are positive. ValuEngine upgraded shares of MagnaChip Semiconductor Corporation from a "sell" rating to a "hold" rating in a research report on Friday, June 2nd. The rating was maintained by Jefferies with "Hold" on Thursday, June 1. On Monday, October 5 the stock rating was maintained by Deutsche Bank with "Hold". The stock presently has an average rating of "Buy" and an average target price of $16.67. Cowen & Co maintained Target Corporation (NYSE:TGT) on Thursday, February 25 with "Outperform" rating. The firm has "Buy" rating by Piper Jaffray given on Tuesday, July 18. The firm has "Buy" rating given on Thursday, September 29 by Roth Capital. The semiconductor company reported $0.21 earnings per share for the quarter, topping the Thomson Reuters' consensus estimate of $0.16 by $0.05, Bloomberg Earnings reports. TGT's profit will be $667.50M for 11.58 P/E if the $1.21 EPS becomes a reality. Mckinley Capital Management LLC Delaware acquired a new position in shares of MagnaChip Semiconductor Corporation during the first quarter valued at $2,471,000. Following the completion of the sale, the insider now directly owns 59,075 shares of the company's stock, valued at approximately $525,767.50.

About 532,531 shares traded or 17.19% up from the average. Topeka Capital Markets maintained Magnachip Semiconductor Corp (NYSE:MX) rating on Friday, May 6. It has outperformed by 0.57% the S&P500.

It is down 0.00% since July 27, 2016 and is. 290.57 million shares or 1.15% more from 287.28 million shares in 2016Q3 were reported.

A number of other institutional investors have also modified their holdings of ON. In the past three months the stock value surged 1.67%. Insiders sold 134,690 shares of company stock valued at $2,094,440 over the last 90 days.

03/29/2017 - Cypress Semiconductor Corporation had its " rating reiterated by analysts at Pacific Crest. 30,000 are owned by Geduld E E. 21,207 were accumulated by Ancora Advisors Limited Liability Corp. North Run Limited Partnership reported 6.44% of its portfolio in Magnachip Semiconductor Corp (NYSE:MX). Invesco Limited reported 173,334 shares or 0% of all its holdings. Deprince Race & Zollo owns 4.49 million shares. Allianz Asset Ag holds 0% or 289,005 shares in its portfolio. Us-based Ancora Advsrs Ltd Liability has invested 0.01% in Magnachip Semiconductor Corp (NYSE:MX).

Cypress Semiconductor Corporation manufactures embedded system solutions for automotive, industrial, home automation and appliances, consumer electronics and medical products. The company has market cap of $106.67 million. The Company provides technology platforms for analog, mixed signal, power, high voltage, non-volatile memory and Radio Frequency (RF) applications. Staying current with global economic conditions and keeping a finger on the pulse of the company during earnings season can help shed some light on where the stock may be headed next. The Firm has two divisions: Foundry Services Group and Standard Products Group.

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