Cypress Semiconductor (NASDAQ:CY) was downgraded by ValuEngine from a “hold” rating to a “sell” rating in a research report issued to clients and investors on Wednesday.

Other equities analysts also recently issued research reports about the company. Cowen began coverage on Cypress Semiconductor in a research report on Tuesday, May 22nd. They issued an “outperform” rating and a $21.00 price objective on the stock. TheStreet raised Cypress Semiconductor from a “c+” rating to a “b” rating in a research report on Friday, July 27th. Craig Hallum upped their price objective on Cypress Semiconductor from $23.00 to $25.00 and gave the company a “buy” rating in a research report on Friday, July 27th. BidaskClub downgraded Cypress Semiconductor from a “buy” rating to a “hold” rating in a research report on Friday, August 17th. Finally, Zacks Investment Research raised Cypress Semiconductor from a “hold” rating to a “strong-buy” rating and set a $20.00 price objective on the stock in a research report on Wednesday, August 1st. Two equities research analysts have rated the stock with a sell rating, four have given a hold rating, nine have given a buy rating and one has given a strong buy rating to the company. The company currently has a consensus rating of “Buy” and a consensus price target of $19.96.

Cypress Semiconductor stock traded down $0.15 during mid-day trading on Wednesday, hitting $15.31. The company’s stock had a trading volume of 9,250,000 shares, compared to its average volume of 5,525,218. The company has a market capitalization of $5.69 billion, a PE ratio of 25.52, a price-to-earnings-growth ratio of 0.92 and a beta of 1.98. The company has a quick ratio of 0.94, a current ratio of 1.37 and a debt-to-equity ratio of 0.48. Cypress Semiconductor has a one year low of $13.85 and a one year high of $18.87.

Cypress Semiconductor (NASDAQ:CY) last announced its quarterly earnings data on Thursday, July 26th. The semiconductor company reported $0.33 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $0.25 by $0.08. The company had revenue of $624.00 million for the quarter, compared to the consensus estimate of $618.49 million. Cypress Semiconductor had a return on equity of 18.51% and a net margin of 0.49%. Cypress Semiconductor’s quarterly revenue was up 5.1% on a year-over-year basis. During the same quarter in the prior year, the company posted $0.21 EPS. research analysts anticipate that Cypress Semiconductor will post 1.06 earnings per share for the current year.

In other news, EVP Sudhir Gopalswamy sold 3,000 shares of the stock in a transaction on Thursday, August 16th. The stock was sold at an average price of $16.04, for a total transaction of $48,120.00. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. Insiders have sold a total of 11,565 shares of company stock worth $193,534 in the last three months. Corporate insiders own 0.43% of the company’s stock.

Several institutional investors and hedge funds have recently bought and sold shares of the company. D.A. Davidson & CO. lifted its position in Cypress Semiconductor by 265.6% during the 1st quarter. D.A. Davidson & CO. now owns 46,060 shares of the semiconductor company’s stock worth $781,000 after acquiring an additional 33,460 shares during the last quarter. Swiss National Bank increased its stake in Cypress Semiconductor by 2.2% in the first quarter. Swiss National Bank now owns 579,045 shares of the semiconductor company’s stock valued at $9,821,000 after acquiring an additional 12,700 shares during the period. Schwab Charles Investment Management Inc. increased its stake in Cypress Semiconductor by 11.7% in the first quarter. Schwab Charles Investment Management Inc. now owns 2,276,064 shares of the semiconductor company’s stock valued at $38,603,000 after acquiring an additional 239,095 shares during the period. Engineers Gate Manager LP increased its stake in Cypress Semiconductor by 142.1% in the first quarter. Engineers Gate Manager LP now owns 122,633 shares of the semiconductor company’s stock valued at $2,080,000 after acquiring an additional 71,971 shares during the period. Finally, American International Group Inc. grew its stake in Cypress Semiconductor by 2.8% during the first quarter. American International Group Inc. now owns 709,755 shares of the semiconductor company’s stock worth $12,037,000 after buying an additional 19,397 shares during the last quarter. 82.19% of the stock is currently owned by institutional investors and hedge funds.

About Cypress Semiconductor

Cypress Semiconductor Corporation designs, develops, manufactures, markets, and sells embedded system solutions worldwide. It operates in two segments, Microcontroller and Connectivity Division, and Memory Products Division. The Microcontroller and Connectivity Division provides microcontroller (MCU), analog, and wireless and wired connectivity solutions, including Traveo automotive MCUs; programmable system-on-chip and general-purpose MCUs; ARM Cortex-M4, -M3, and -M0+ MCUs; R4 CPUs; analog power management integrated circuits and energy harvesting solutions; CapSense capacitive-sensing controllers; TrueTouch touchscreens; Wi-Fi, Bluetooth, Bluetooth low energy, and ZigBee solutions; WICED development platform; and USB controllers comprising solutions for the USB-C and USB power delivery standards, as well as wireless Internet of things connectivity solutions.

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Analyst Recommendations for Cypress Semiconductor (NASDAQ:CY)

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