Cypress Semiconductor (NASDAQ:CY) had its target price upped by equities research analysts at MKM Partners to $18.00 in a research report issued on Friday, The Fly reports. The firm currently has a “buy” rating on the semiconductor company’s stock. MKM Partners’ target price points to a potential upside of 19.28% from the stock’s current price.

Several other equities research analysts have also issued reports on the company. Bank of America reissued a “buy” rating and set a $18.00 price objective on shares of Cypress Semiconductor in a research note on Thursday. Needham & Company LLC reissued a “buy” rating on shares of Cypress Semiconductor in a research note on Thursday. BidaskClub raised Cypress Semiconductor from a “hold” rating to a “buy” rating in a research note on Saturday, February 9th. Craig Hallum reissued a “buy” rating and set a $18.00 price objective (down previously from $20.00) on shares of Cypress Semiconductor in a research note on Friday, February 1st. Finally, ValuEngine lowered Cypress Semiconductor from a “hold” rating to a “sell” rating in a research note on Tuesday, January 22nd. Three equities research analysts have rated the stock with a sell rating, two have given a hold rating and nine have assigned a buy rating to the company’s stock. The stock has a consensus rating of “Hold” and a consensus target price of $17.32.

Cypress Semiconductor stock opened at $15.09 on Friday. Cypress Semiconductor has a one year low of $11.75 and a one year high of $18.72. The company has a debt-to-equity ratio of 0.41, a current ratio of 1.64 and a quick ratio of 0.89. The firm has a market capitalization of $5.52 billion, a PE ratio of 13.01, a P/E/G ratio of 1.77 and a beta of 1.93.

Cypress Semiconductor (NASDAQ:CY) last posted its quarterly earnings results on Thursday, January 31st. The semiconductor company reported $0.30 EPS for the quarter, topping the Zacks’ consensus estimate of $0.27 by $0.03. The firm had revenue of $604.47 million during the quarter, compared to analyst estimates of $598.72 million. Cypress Semiconductor had a return on equity of 22.01% and a net margin of 14.28%. Analysts anticipate that Cypress Semiconductor will post 0.85 EPS for the current fiscal year.

In other Cypress Semiconductor news, EVP Sudhir Gopalswamy sold 12,598 shares of the firm’s stock in a transaction dated Friday, January 25th. The stock was sold at an average price of $14.00, for a total transaction of $176,372.00. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, CEO Hassane El-Khoury sold 4,300 shares of the firm’s stock in a transaction dated Wednesday, January 9th. The shares were sold at an average price of $13.00, for a total value of $55,900.00. The disclosure for this sale can be found here. Insiders have sold 19,898 shares of company stock worth $279,012 in the last 90 days. Company insiders own 0.43% of the company’s stock.

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in CY. Norges Bank purchased a new position in shares of Cypress Semiconductor in the fourth quarter worth about $48,029,000. Vanguard Group Inc increased its holdings in shares of Cypress Semiconductor by 8.2% in the third quarter. Vanguard Group Inc now owns 37,219,787 shares of the semiconductor company’s stock worth $539,316,000 after buying an additional 2,820,094 shares during the period. Vanguard Group Inc. increased its holdings in shares of Cypress Semiconductor by 8.2% in the third quarter. Vanguard Group Inc. now owns 37,219,787 shares of the semiconductor company’s stock worth $539,316,000 after buying an additional 2,820,094 shares during the period. Oregon Public Employees Retirement Fund increased its holdings in shares of Cypress Semiconductor by 1,186.7% in the fourth quarter. Oregon Public Employees Retirement Fund now owns 1,820,448 shares of the semiconductor company’s stock worth $143,000 after buying an additional 1,678,971 shares during the period. Finally, Millennium Management LLC increased its holdings in shares of Cypress Semiconductor by 103.2% in the fourth quarter. Millennium Management LLC now owns 2,865,315 shares of the semiconductor company’s stock worth $36,447,000 after buying an additional 1,455,190 shares during the period. Institutional investors and hedge funds own 82.04% of the company’s stock.

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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