Cypress Semiconductor Corporation (CY) Stock Price Hits 52-Week High Today

November 21, 2017 - By Peter Erickson

Investors sentiment increased to 1.5 in Q2 2017. Its up 0.23, from 1.27 in 2017Q1. It improved, as 30 investors sold Cypress Semiconductor Corporation shares while 88 reduced holdings. 49 funds opened positions while 128 raised stakes. 311.68 million shares or 3.13% more from 302.23 million shares in 2017Q1 were reported.
Castleark Ltd Com reported 863,292 shares. Goldman Sachs Incorporated stated it has 0.04% of its portfolio in Cypress Semiconductor Corporation (NASDAQ:CY). Raymond James Associate has 0% invested in Cypress Semiconductor Corporation (NASDAQ:CY) for 62,308 shares. Nationwide Fund Advsr, Pennsylvania-based fund reported 861,452 shares. Salem Counselors Inc holds 1,109 shares. Barrow Hanley Mewhinney And Strauss Ltd Liability owns 594 shares for 0% of their portfolio. Howe And Rusling has 1,557 shares. Eaton Vance Mngmt has 288,926 shares. Aperio Llc holds 0.01% or 65,056 shares. Nwq Co Limited Com has 0.45% invested in Cypress Semiconductor Corporation (NASDAQ:CY) for 2.39M shares. Moreover, Highbridge Capital Limited Com has 0.03% invested in Cypress Semiconductor Corporation (NASDAQ:CY). Manufacturers Life The owns 483,189 shares. Employees Retirement Association Of Colorado owns 0.01% invested in Cypress Semiconductor Corporation (NASDAQ:CY) for 74,905 shares. Oppenheimer Inc reported 146,659 shares. The Korea-based Mirae Asset Investments Company Limited has invested 0% in Cypress Semiconductor Corporation (NASDAQ:CY).

Since June 7, 2017, it had 0 insider buys, and 1 insider sale for $89,464 activity.

The stock of Cypress Semiconductor Corporation (NASDAQ:CY) hit a new 52-week high and has $18.21 target or 5.00 % above today’s $17.34 share price. The 5 months bullish chart indicates low risk for the $5.79B company. The 1-year high was reported on Nov, 21 by Barchart.com. If the $18.21 price target is reached, the company will be worth $289.50 million more.
The 52-week high event is an important milestone for every stock because it shows very positive momentum and is time when buyers come in. During such notable technical setup, fundamental investors usually stay away and are careful shorting or selling the stock.

About 1.53M shares traded. Cypress Semiconductor Corporation (NASDAQ:CY) has risen 39.45% since November 21, 2016 and is uptrending. It has outperformed by 22.75% the S&P500.

Analysts await Cypress Semiconductor Corporation (NASDAQ:CY) to report earnings on February, 1. They expect $0.18 EPS, up 200.00 % or $0.12 from last year’s $0.06 per share. CY’s profit will be $60.03M for 24.11 P/E if the $0.18 EPS becomes a reality. After $0.21 actual EPS reported by Cypress Semiconductor Corporation for the previous quarter, Wall Street now forecasts -14.29 % negative EPS growth.

Cypress Semiconductor Corporation (NASDAQ:CY) Ratings Coverage

Among 19 analysts covering Cypress Semiconductor Corporation (NASDAQ:CY), 13 have Buy rating, 1 Sell and 5 Hold. Therefore 68% are positive. Cypress Semiconductor Corporation has $21 highest and $8 lowest target. $15.59’s average target is -10.09% below currents $17.34 stock price. Cypress Semiconductor Corporation had 60 analyst reports since August 31, 2015 according to SRatingsIntel. The firm earned “Buy” rating on Thursday, October 26 by Bank of America. Oppenheimer maintained it with “Outperform” rating and $12 target in Friday, January 29 report. Needham maintained Cypress Semiconductor Corporation (NASDAQ:CY) rating on Friday, October 27. Needham has “Buy” rating and $20.0 target. The stock has “Buy” rating by Mizuho on Friday, January 29. The stock has “Buy” rating by Mizuho on Friday, October 23. The stock has “Buy” rating by Mizuho on Thursday, October 26. Loop Capital Markets maintained Cypress Semiconductor Corporation (NASDAQ:CY) rating on Friday, October 27. Loop Capital Markets has “Buy” rating and $20.0 target. The firm earned “Outperform” rating on Friday, January 29 by Wedbush. The firm earned “Buy” rating on Friday, October 9 by Topeka Capital Markets. On Tuesday, October 18 the stock rating was downgraded by Barclays Capital to “Equal Weight”.

More recent Cypress Semiconductor Corporation (NASDAQ:CY) news were published by: Investorplace.com which released: “3 Big Stock Charts for Monday: Intel Corporation, Cypress Semiconductor …” on October 30, 2017. Also Seekingalpha.com published the news titled: “Cypress, As Good As It Gets?” on November 20, 2017. Seekingalpha.com‘s news article titled: “Cypress Semiconductors: IoT Demand Spurs Near Term Gains; Future Gains Backed …” with publication date: November 09, 2017 was also an interesting one.

Cypress Semiconductor Corporation manufactures embedded system solutions for automotive, industrial, home automation and appliances, consumer electronics and medical products. The company has market cap of $5.79 billion. The Company’s divisions include Microcontroller and Connectivity Division , and Memory Products Division (MPD). It currently has negative earnings. MCD focuses on microcontroller (MCU), analog and wireless and wired connectivity solutions.

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