The stock of Cypress Semiconductor Corporation (NASDAQ:CY) is a huge mover today! About 1.41M shares traded hands. Cypress Semiconductor Corporation (NASDAQ:CY) has risen 24.94% since April 11, 2016 and is uptrending. It has outperformed by 18.79% the S&P500.
The move comes after 5 months positive chart setup for the $3.36B company. It was reported on Nov, 11 by Barchart.com. We have $15.00 PT which if reached, will make NASDAQ:CY worth $1.44B more.
Cypress Semiconductor Corporation (NASDAQ:CY) Ratings Coverage
Out of 14 analysts covering Cypress Semiconductor Corporation (NASDAQ:CY), 7 rate it a “Buy”, 0 “Sell”, while 7 “Hold”. This means 50% are positive. Cypress Semiconductor Corporation has been the topic of 32 analyst reports since August 31, 2015 according to StockzIntelligence Inc. Sterne Agee CRT downgraded the shares of CY in a report on Friday, January 29 to “Neutral” rating. The firm has “Neutral” rating given on Thursday, January 14 by SunTrust. As per Wednesday, September 9, the company rating was initiated by Sterne Agee CRT. The firm has “Buy” rating given on Friday, July 29 by Craig Hallum. Mizuho maintained Cypress Semiconductor Corporation (NASDAQ:CY) rating on Friday, October 23. Mizuho has “Buy” rating and $18 price target. The stock of Cypress Semiconductor Corporation (NASDAQ:CY) has “Buy” rating given on Wednesday, February 24 by Craig Hallum. As per Friday, January 29, the company rating was maintained by Mizuho. The firm has “Equal-Weight” rating given on Monday, July 18 by Morgan Stanley. Topeka Capital Markets maintained Cypress Semiconductor Corporation (NASDAQ:CY) on Friday, October 23 with “Buy” rating. The stock of Cypress Semiconductor Corporation (NASDAQ:CY) earned “Buy” rating by Roth Capital on Thursday, September 1.
According to Zacks Investment Research, “Cypress Semiconductor Corporation designs, develops, manufactures and markets a broad line of high-performance digital and mixed-signal integrated circuits for a range of markets, including data communications, telecommunications, computers, and instrumentation systems. The company sells the products to a wide range of customers, including Lucent Technologies Inc., Motorola, Inc., Nortel Networks Corporation, Seagate Technology, Inc., Compaq Computer Corporation, 3Com Corporation, IBM, Cisco Systems, Inc. and Sony Corporation.”
Insitutional Activity: The institutional sentiment increased to 1.25 in Q2 2016. Its up 0.27, from 0.98 in 2016Q1. The ratio increased, as 35 funds sold all Cypress Semiconductor Corporation shares owned while 81 reduced positions. 55 funds bought stakes while 90 increased positions. They now own 313.10 million shares or 2.21% more from 306.32 million shares in 2016Q1.
Utah Retirement owns 56,800 shares or 0.02% of their US portfolio. Gamco Invsts Et Al last reported 2.39 million shares in the company. Thompson Davis & has 0.02% invested in the company for 1,300 shares. Great Lakes Advsrs Ltd Liability owns 196,942 shares or 0.06% of their US portfolio. Reliance Trust Of Delaware accumulated 15,287 shares or 0.01% of the stock. Morgan Stanley last reported 3.94M shares in the company. Metropolitan Life Ins Ny holds 0.02% of its portfolio in Cypress Semiconductor Corporation (NASDAQ:CY) for 292,847 shares. Ls Investment Advsrs Limited Co holds 0.75% or 1.02 million shares in its portfolio. Timber Hill Ltd last reported 331,794 shares in the company. Mutual Of America Capital Mngmt Limited Liability Co last reported 0.05% of its portfolio in the stock. State Of Wisconsin Inv Board holds 622,590 shares or 0.03% of its portfolio. Arrowgrass Cap (Us) Ltd Partnership owns 75,200 shares or 0.01% of their US portfolio. First Manhattan Communications accumulated 3,845 shares or 0% of the stock. New Jersey Better Educational Savings last reported 70,000 shares in the company. Creative Planning holds 21,846 shares or 0% of its portfolio.
Insider Transactions: Since June 1, 2016, the stock had 0 buys, and 8 insider sales for $1.73 million net activity. BINGHAM H RAYMOND also sold $181,503 worth of Cypress Semiconductor Corporation (NASDAQ:CY) shares. 50,000 shares with value of $591,485 were sold by BENHAMOU ERIC on Monday, September 19. Thad Trent sold $134,764 worth of Cypress Semiconductor Corporation (NASDAQ:CY) on Monday, October 10.
More recent Cypress Semiconductor Corporation (NASDAQ:CY) news were published by: Fool.com which released: “Why Cypress Semiconductor Corp. Fell 18% in October” on November 10, 2016. Also Prnewswire.com published the news titled: “Cypress Announces Quarterly Cash Dividend” on November 07, 2016. Fool.com‘s news article titled: “Cypress Semiconductor Keeps Going Strong” with publication date: October 30, 2016 was also an interesting one.
CY Company Profile
Cypress Semiconductor Corporation, incorporated on September 26, 1986, delivers solutions from automotive, industrial and networking platforms to interactive consumer and mobile devices. The Firm operates through four divisions: Programmable Systems Division, Memory Products Division, Data Communications Division and Emerging Technologies Division. The Company’s product portfolio includes NOR flash memories, Static random access memory (SRAM) and ferroelectric-RAMs (F-RAM), Traveo microcontrollers, the industry’s programmable system-on-chip (PSoC) solutions, analog and Power Management integrated circuits (PMICs), CapSense capacitive touch-sensing controllers, and Wireless Bluetooth Low-Energy (BLE) and universal serial bus (USB) connectivity solutions. It serves various markets, including automotive, industrial, communications, consumer, computation, data communications, mobile handsets and military.
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