Cypress Semi PT Lowered to $12.00 (CY)
Mizuho lowered their price target on shares of Cypress Semi (NYSE: CY) from $14.00 to $12.00 in a research note issued on Friday, ARN reports. The firm currently has a “buy” rating on the stock.
Other equities research analysts have also recently issued reports about the stock. Analysts at Needham & Company reiterated a “buy” rating on shares of Cypress Semi in a research note to investors on Thursday. They now have a $13.00 price target on the stock. Separately, analysts at Zacks downgraded shares of Cypress Semi from a “neutral” rating to an “underperform” rating in a research note to investors on Tuesday, February 19th. They now have a $9.00 price target on the stock.
Two research analysts have rated the stock with a sell rating, nine have given a hold rating and seven have given a buy rating to the company. The company presently has an average rating of “Hold” and a consensus target price of $14.50.
Shares of Cypress Semi (NYSE: CY) opened at 9.90 on Friday. Cypress Semi has a one year low of $8.70 and a one year high of $16.22. The stock’s 50-day moving average is currently $10.95. The company’s market cap is $1.445 billion.
Cypress Semi (NYSE: CY) last issued its quarterly earnings data on Thursday, April 18th. The company reported $0.03 EPS for the quarter, beating the Thomson Reuters consensus estimate of $0.01 by $0.02. The company had revenue of $172.73 million for the quarter, compared to the consensus estimate of $167.32 million. During the same quarter in the prior year, the company posted $0.12 earnings per share. The company’s quarterly revenue was down 6.7% on a year-over-year basis. Analysts expect that Cypress Semi will post $0.47 EPS for the current fiscal year.
Cypress Semiconductor Corporation (NYSE: CY) delivers high-performance, mixed-signal and programmable solutions.
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