Cypress Semiconductor Corporation (NASDAQ:CY)‘s stock had its “overweight” rating reissued by KeyCorp in a research report issued on Thursday.

Several other brokerages also recently issued reports on CY. Barclays PLC raised shares of Cypress Semiconductor Corporation from an “equal weight” rating to an “overweight” rating in a research note on Friday, July 21st. TheStreet raised shares of Cypress Semiconductor Corporation from a “c” rating to a “b-” rating in a research note on Thursday, July 27th. Loop Capital reaffirmed a “buy” rating and set a $17.00 price target on shares of Cypress Semiconductor Corporation in a research note on Friday, July 28th. Needham & Company LLC boosted their price objective on shares of Cypress Semiconductor Corporation from $18.00 to $20.00 and gave the stock a “buy” rating in a research note on Friday, July 28th. Finally, Craig Hallum boosted their price objective on shares of Cypress Semiconductor Corporation from $17.00 to $20.00 and gave the stock a “buy” rating in a research note on Friday, July 28th. One investment analyst has rated the stock with a hold rating and twelve have given a buy rating to the stock. The stock has a consensus rating of “Buy” and a consensus price target of $16.75.

Shares of Cypress Semiconductor Corporation (NASDAQ:CY) opened at 14.41 on Thursday. The company’s market capitalization is $4.79 billion. Cypress Semiconductor Corporation has a 52 week low of $9.63 and a 52 week high of $15.11. The firm has a 50 day moving average price of $13.73 and a 200 day moving average price of $13.76.

Cypress Semiconductor Corporation (NASDAQ:CY) last issued its quarterly earnings results on Thursday, July 27th. The semiconductor company reported $0.21 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $0.16 by $0.05. Cypress Semiconductor Corporation had a positive return on equity of 6.27% and a negative net margin of 6.04%. The business had revenue of $593.80 million during the quarter, compared to analyst estimates of $546.82 million. During the same quarter in the prior year, the business posted $0.13 EPS. Cypress Semiconductor Corporation’s revenue for the quarter was up 11.6% compared to the same quarter last year. Equities analysts forecast that Cypress Semiconductor Corporation will post $0.80 EPS for the current year.

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In other Cypress Semiconductor Corporation news, Director J Daniel Mccranie acquired 30,000 shares of the company’s stock in a transaction that occurred on Thursday, September 14th. The stock was bought at an average price of $14.37 per share, with a total value of $431,100.00. Following the purchase, the director now owns 55,000 shares in the company, valued at $790,350. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Also, Director Camillo Martino acquired 10,000 shares of the company’s stock in a transaction that occurred on Monday, August 21st. The shares were acquired at an average cost of $12.92 per share, with a total value of $129,200.00. Following the purchase, the director now owns 20,000 shares in the company, valued at approximately $258,400. The disclosure for this purchase can be found here. In the last 90 days, insiders have purchased 60,000 shares of company stock valued at $834,100 and have sold 330,075 shares valued at $4,613,658. 0.69% of the stock is owned by corporate insiders.

A number of hedge funds and other institutional investors have recently made changes to their positions in the stock. Legal & General Group Plc grew its stake in shares of Cypress Semiconductor Corporation by 144.8% in the 1st quarter. Legal & General Group Plc now owns 215,915 shares of the semiconductor company’s stock valued at $2,971,000 after buying an additional 127,706 shares during the period. Advisors Capital Management LLC grew its stake in shares of Cypress Semiconductor Corporation by 3.3% in the 2nd quarter. Advisors Capital Management LLC now owns 1,616,935 shares of the semiconductor company’s stock valued at $22,071,000 after buying an additional 51,688 shares during the period. UBS Group AG grew its stake in shares of Cypress Semiconductor Corporation by 33.9% in the 1st quarter. UBS Group AG now owns 623,603 shares of the semiconductor company’s stock valued at $8,580,000 after buying an additional 157,889 shares during the period. Teacher Retirement System of Texas grew its stake in shares of Cypress Semiconductor Corporation by 4.0% in the 2nd quarter. Teacher Retirement System of Texas now owns 25,734 shares of the semiconductor company’s stock valued at $351,000 after buying an additional 989 shares during the period. Finally, Northpointe Capital LLC grew its stake in shares of Cypress Semiconductor Corporation by 69.2% in the 2nd quarter. Northpointe Capital LLC now owns 541,074 shares of the semiconductor company’s stock valued at $7,386,000 after buying an additional 221,288 shares during the period. 97.36% of the stock is owned by institutional investors.

Cypress Semiconductor Corporation Company Profile

Cypress Semiconductor Corporation manufactures embedded system solutions for automotive, industrial, home automation and appliances, consumer electronics and medical products. The Company’s segments include Microcontroller and Connectivity Division (MCD), and Memory Products Division (MPD). MCD focuses on microcontroller (MCU), analog and wireless and wired connectivity solutions.

Analyst Recommendations for Cypress Semiconductor Corporation (NASDAQ:CY)

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