SunTrust Banks reissued their hold rating on shares of Cypress Semiconductor (NASDAQ:CY) in a research report report published on Friday. The brokerage currently has a $19.00 price objective on the semiconductor company’s stock.

Other analysts have also recently issued reports about the stock. Craig Hallum reaffirmed a buy rating and set a $21.00 target price on shares of Cypress Semiconductor in a report on Tuesday, December 5th. BidaskClub raised shares of Cypress Semiconductor from a buy rating to a strong-buy rating in a report on Wednesday, November 1st. Loop Capital reaffirmed a buy rating and set a $20.00 target price (up from $17.00) on shares of Cypress Semiconductor in a report on Friday, October 27th. Susquehanna Bancshares assumed coverage on shares of Cypress Semiconductor in a report on Wednesday, December 13th. They set a positive rating and a $20.00 target price for the company. Finally, Needham & Company LLC reaffirmed a buy rating on shares of Cypress Semiconductor in a report on Friday. Two analysts have rated the stock with a sell rating, three have assigned a hold rating, ten have given a buy rating and one has assigned a strong buy rating to the stock. Cypress Semiconductor currently has an average rating of Buy and a consensus price target of $19.04.

Shares of Cypress Semiconductor (CY) opened at $15.70 on Friday. Cypress Semiconductor has a twelve month low of $12.23 and a twelve month high of $17.90. The company has a market cap of $5,722.35, a P/E ratio of 26.80, a price-to-earnings-growth ratio of 1.97 and a beta of 2.17. The company has a current ratio of 0.94, a quick ratio of 0.59 and a debt-to-equity ratio of 0.53.

Cypress Semiconductor (NASDAQ:CY) last announced its earnings results on Thursday, February 1st. The semiconductor company reported $0.28 EPS for the quarter, beating the Zacks’ consensus estimate of $0.25 by $0.03. Cypress Semiconductor had a negative net margin of 4.02% and a positive return on equity of 12.48%. The business had revenue of $597.54 million during the quarter, compared to analysts’ expectations of $593.15 million. During the same period in the prior year, the company earned $0.15 earnings per share. The firm’s revenue was up 12.7% on a year-over-year basis. equities research analysts predict that Cypress Semiconductor will post 0.87 EPS for the current year.

In related news, SVP Sam Geha sold 14,517 shares of the company’s stock in a transaction on Wednesday, November 22nd. The shares were sold at an average price of $17.34, for a total transaction of $251,724.78. Following the completion of the transaction, the senior vice president now owns 41,204 shares in the company, valued at $714,477.36. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, SVP Sudhir Gopalswamy sold 3,000 shares of the company’s stock in a transaction on Tuesday, January 16th. The stock was sold at an average price of $17.08, for a total transaction of $51,240.00. Following the transaction, the senior vice president now owns 65,445 shares of the company’s stock, valued at approximately $1,117,800.60. The disclosure for this sale can be found here. Over the last quarter, insiders sold 31,786 shares of company stock valued at $537,387. Company insiders own 0.69% of the company’s stock.

Several large investors have recently modified their holdings of the stock. Chase Investment Counsel Corp bought a new position in shares of Cypress Semiconductor during the fourth quarter worth $463,000. Crossmark Global Holdings Inc. boosted its position in shares of Cypress Semiconductor by 12.8% during the fourth quarter. Crossmark Global Holdings Inc. now owns 29,582 shares of the semiconductor company’s stock worth $451,000 after acquiring an additional 3,361 shares during the last quarter. Fernwood Investment Management LLC bought a new position in shares of Cypress Semiconductor during the fourth quarter worth $509,000. Columbia Asset Management bought a new position in shares of Cypress Semiconductor during the fourth quarter worth $727,000. Finally, Thompson Davis & CO. Inc. boosted its position in shares of Cypress Semiconductor by 750.0% during the fourth quarter. Thompson Davis & CO. Inc. now owns 8,500 shares of the semiconductor company’s stock worth $130,000 after acquiring an additional 7,500 shares during the last quarter. Hedge funds and other institutional investors own 98.42% of the company’s stock.

ILLEGAL ACTIVITY WARNING: This piece was first published by Daily Political and is the property of of Daily Political. If you are reading this piece on another domain, it was copied illegally and reposted in violation of United States and international copyright & trademark law. The correct version of this piece can be accessed at https://www.dailypolitical.com/2018/02/06/suntrust-banks-reiterates-hold-rating-for-cypress-semiconductor-cy.html.

Cypress Semiconductor 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 (NASDAQ:CY)

Receive News & Ratings for Cypress Semiconductor Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Cypress Semiconductor and related companies with MarketBeat.com's FREE daily email newsletter.