Is Cypress Semiconductor Corporation (CY)’s Fuel Running Low? The Stock Reaches 52-Week High Today

January 23, 2018 - By Adrian Mccoy

Investors sentiment decreased to 1.08 in Q3 2017. Its down 0.42, from 1.5 in 2017Q2. It is negative, as 34 investors sold Cypress Semiconductor Corporation shares while 109 reduced holdings. 51 funds opened positions while 104 raised stakes. 313.76 million shares or 0.67% more from 311.68 million shares in 2017Q2 were reported.
Liberty Mutual Asset Inc owns 86,171 shares or 0.07% of their US portfolio. Walleye Trading Limited Liability invested in 0.01% or 184,888 shares. Schwab Charles Mngmt Incorporated has 1.89M shares. Hap Trading Ltd Liability holds 0.26% or 358,595 shares in its portfolio. Nordea Management owns 0% invested in Cypress Semiconductor Corporation (NASDAQ:CY) for 12,321 shares. First Personal Finance owns 6,200 shares or 0.02% of their US portfolio. X Mgmt Com Limited Liability Company holds 0.06% in Cypress Semiconductor Corporation (NASDAQ:CY) or 145,143 shares. North Star Inv holds 0% of its portfolio in Cypress Semiconductor Corporation (NASDAQ:CY) for 100 shares. First Republic Investment Mgmt has invested 0% of its portfolio in Cypress Semiconductor Corporation (NASDAQ:CY). Shelton Management reported 24,346 shares. San Francisco Sentry Invest (Ca) has invested 0.03% in Cypress Semiconductor Corporation (NASDAQ:CY). 296,614 were accumulated by Legal & General Public Limited Co. State Treasurer State Of Michigan reported 125,000 shares. Brown Advisory reported 35,937 shares or 0% of all its holdings. Suntrust Banks accumulated 12,456 shares.

Since August 1, 2017, it had 0 buys, and 5 insider sales for $5.23 million activity. NAZARIAN DANA also sold $3.53 million worth of Cypress Semiconductor Corporation (NASDAQ:CY) shares. Another trade for 74,818 shares valued at $1.18 million was sold by Thad Trent. Shares for $51,232 were sold by GOPALSWAMY SUDHIR.

The stock of Cypress Semiconductor Corporation (NASDAQ:CY) hit a new 52-week high and has $19.13 target or 7.00 % above today’s $17.88 share price. The 7 months bullish chart indicates low risk for the $5.96 billion company. The 1-year high was reported on Jan, 23 by Barchart.com. If the $19.13 price target is reached, the company will be worth $417.48M more.
The 52-week high event is an important milestone for every stock because it shows very positive momentum and is time when buyers come in. During such notable technical setup, fundamental investors usually stay away and are careful shorting or selling the stock.

The stock increased 0.99% or $0.175 during the last trading session, reaching $17.875. About 1.28M shares traded. Cypress Semiconductor Corporation (NASDAQ:CY) has risen 39.45% since January 23, 2017 and is uptrending. It has outperformed by 22.75% the S&P500.

Analysts await Cypress Semiconductor Corporation (NASDAQ:CY) to report earnings on February, 1. They expect $0.18 earnings per share, up 200.00 % or $0.12 from last year’s $0.06 per share. CY’s profit will be $60.06M for 24.83 P/E if the $0.18 EPS becomes a reality. After $0.21 actual earnings per share reported by Cypress Semiconductor Corporation for the previous quarter, Wall Street now forecasts -14.29 % negative EPS growth.

Cypress Semiconductor Corporation (NASDAQ:CY) Ratings Coverage

Among 21 analysts covering Cypress Semiconductor Corporation (NASDAQ:CY), 14 have Buy rating, 1 Sell and 6 Hold. Therefore 67% are positive. Cypress Semiconductor Corporation had 67 analyst reports since August 31, 2015 according to SRatingsIntel. On Friday, October 9 the stock rating was maintained by Needham with “Strong Buy”. The firm earned “Buy” rating on Friday, December 16 by Loop Capital. Mizuho maintained the stock with “Buy” rating in Thursday, October 26 report. The company was maintained on Monday, March 7 by SunTrust. The firm earned “Buy” rating on Tuesday, October 3 by Roth Capital. The rating was downgraded by Barclays Capital to “Equal-Weight” on Tuesday, October 31. On Friday, July 28 the stock rating was maintained by Needham with “Buy”. The stock of Cypress Semiconductor Corporation (NASDAQ:CY) earned “Buy” rating by Craig Hallum on Tuesday, June 27. The firm has “Buy” rating by Sterne Agee CRT given on Wednesday, September 9. Suntrust Robinson initiated Cypress Semiconductor Corporation (NASDAQ:CY) on Thursday, January 14 with “Neutral” rating.

More news for Cypress Semiconductor Corporation (NASDAQ:CY) were recently published by: Nasdaq.com, which released: “Cypress Semiconductor Corporation (CY) Ex-Dividend Date Scheduled for December …” on December 26, 2017. Fool.com‘s article titled: “Why Cypress Semiconductor Corporation Stock Soared 33.2% in 2017” and published on January 10, 2018 is yet another important article.

Cypress Semiconductor Corporation designs, develops, makes, markets, and sells embedded system solutions worldwide. The company has market cap of $5.96 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).

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