Key Researchers at KeyBanc Reiterated their ‘Buy’ rating for Cypress Semicon (NASDAQ:CY) Shares Today. Their Price Target is Set to $17.0

December 9, 2017 - By Dolores Ford

 Key Researchers at KeyBanc Reiterated their ‘Buy’ rating for Cypress Semicon (NASDAQ:CY) Shares Today. Their Price Target is Set to $17.0

Investors sentiment increased to 1.5 in Q2 2017. Its up 0.23, from 1.27 in 2017Q1. It is positive, 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.

117,049 are held by Commonwealth Equity Incorporated. Parsons Mngmt Ri holds 0.09% or 56,050 shares. Moreover, Alliancebernstein Lp has 0.09% invested in Cypress Semiconductor Corporation (NASDAQ:CY). Weiss Multi invested 0.08% of its portfolio in Cypress Semiconductor Corporation (NASDAQ:CY). 2.13 million were reported by Millennium Mgmt Lc. Deutsche Fincl Bank Ag reported 3.66M shares stake. D E Shaw & Com Inc has 54,529 shares for 0% of their portfolio. Boston Partners invested 0% in Cypress Semiconductor Corporation (NASDAQ:CY). Brinker Capital Inc owns 0.08% invested in Cypress Semiconductor Corporation (NASDAQ:CY) for 119,228 shares. Rmb Cap Mgmt Ltd Liability Company stated it has 0.36% in Cypress Semiconductor Corporation (NASDAQ:CY). Wellington Mngmt Group Inc Llp has invested 0% of its portfolio in Cypress Semiconductor Corporation (NASDAQ:CY). One Trading Limited Partnership reported 451,901 shares. Legal & General Gru Pcl owns 0% invested in Cypress Semiconductor Corporation (NASDAQ:CY) for 267,244 shares. Ftb Advsrs Incorporated has 0% invested in Cypress Semiconductor Corporation (NASDAQ:CY) for 231 shares. Moreover, S&Co Inc has 0.17% invested in Cypress Semiconductor Corporation (NASDAQ:CY) for 96,910 shares.

Cypress Semicon (NASDAQ:CY) Rating Reaffirmed

Equity analysts at KeyBanc now has a $17.0 PT on Cypress Semicon (NASDAQ:CY). KeyBanc and their recent PT would suggest a potential upside of 10.97 % from the company’s close price. The rating has been shown in analysts note on 6 October.

Investors sentiment increased to 1.5 in Q2 2017. Its up 0.23, from 1.27 in 2017Q1. It is positive, 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.

117,049 are held by Commonwealth Equity Incorporated. Parsons Mngmt Ri holds 0.09% or 56,050 shares. Moreover, Alliancebernstein Lp has 0.09% invested in Cypress Semiconductor Corporation (NASDAQ:CY). Weiss Multi invested 0.08% of its portfolio in Cypress Semiconductor Corporation (NASDAQ:CY). 2.13 million were reported by Millennium Mgmt Lc. Deutsche Fincl Bank Ag reported 3.66M shares stake. D E Shaw & Com Inc has 54,529 shares for 0% of their portfolio. Boston Partners invested 0% in Cypress Semiconductor Corporation (NASDAQ:CY). Brinker Capital Inc owns 0.08% invested in Cypress Semiconductor Corporation (NASDAQ:CY) for 119,228 shares. Rmb Cap Mgmt Ltd Liability Company stated it has 0.36% in Cypress Semiconductor Corporation (NASDAQ:CY). Wellington Mngmt Group Inc Llp has invested 0% of its portfolio in Cypress Semiconductor Corporation (NASDAQ:CY). One Trading Limited Partnership reported 451,901 shares. Legal & General Gru Pcl owns 0% invested in Cypress Semiconductor Corporation (NASDAQ:CY) for 267,244 shares. Ftb Advsrs Incorporated has 0% invested in Cypress Semiconductor Corporation (NASDAQ:CY) for 231 shares. Moreover, S&Co Inc has 0.17% invested in Cypress Semiconductor Corporation (NASDAQ:CY) for 96,910 shares.

Cypress Semiconductor Corporation (NASDAQ:CY) Ratings Coverage

Among 19 analysts covering Cypress Semiconductor Corporation (NASDAQ:CY), 12 have Buy rating, 1 Sell and 6 Hold. Therefore 63% are positive. Cypress Semiconductor Corporation has $21 highest and $8 lowest target. $15.47’s average target is 0.98% above currents $15.32 stock price. Cypress Semiconductor Corporation had 63 analyst reports since August 31, 2015 according to SRatingsIntel. The stock has “Buy” rating by Craig Hallum on Tuesday, August 29. The firm has “Buy” rating given on Wednesday, December 6 by Mizuho. The rating was downgraded by Barclays Capital on Tuesday, October 31 to “Equal-Weight”. As per Friday, December 1, the company rating was downgraded by SunTrust. The firm has “Buy” rating by Needham given on Friday, October 27. The firm has “Buy” rating by Craig Hallum given on Tuesday, November 14. Loop Capital Markets maintained it with “Buy” rating and $1600 target in Friday, June 23 report. As per Friday, July 29, the company rating was maintained by Craig Hallum. Barclays Capital upgraded the shares of CY in report on Tuesday, July 18 to “Buy” rating. The firm has “Buy” rating by Craig Hallum given on Friday, April 29.

It closed at $15.32 lastly. It is down 39.45% since December 9, 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 $60.06M for 21.28 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 designs, develops, makes, markets, and sells embedded system solutions worldwide. The company has market cap of $5.11 billion. It operates in two divisions, Microcontroller and Connectivity Division and Memory Products Division. It currently has negative earnings. The Microcontroller and Connectivity Division provides microcontroller , analog, and wireless and wired connectivity solutions, including Traveo automotive MCUs; programmable system-on-chip MCUs; ARM Cortex-M4, -M3, and -M0+ MCUs; R4 CPUs; analog power management integrated circuits and energy harvesting solutions; CapSense capacitive-sensing controllers; TrueTouch touchscreen and fingerprint reader products; USB controllers comprising solutions for the USB-C and USB power delivery standards; and Wi-Fi, Bluetooth, Bluetooth low energy and ZigBee radios, and WICED development platforms for the Internet of things (IoT).

More notable recent Cypress Semiconductor Corporation (NASDAQ:CY) news were published by: Seekingalpha.com which released: “Cypress Semiconductors: IoT Demand Spurs Near Term Gains; Future Gains Backed …” on November 09, 2017, also Businesswire.com with their article: “MikroElektronika Click Board With Cypress F-RAM Memory Enables Mission …” published on December 06, 2017, Seekingalpha.com published: “Micron And Cypress Semiconductors: Is The Market Failing Or Just A One Day Sale?” on November 30, 2017. More interesting news about Cypress Semiconductor Corporation (NASDAQ:CY) were released by: Seekingalpha.com and their article: “Cypress, As Good As It Gets?” published on November 20, 2017 as well as Investorplace.com‘s news article titled: “Trade of the Day: Cypress Semiconductor (CY)” with publication date: November 29, 2017.

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