Mizuho Securities Has Just Reaffirmed $18.0 Target Price Per Share on Cypress Semicon (NASDAQ:CY) stock, While They’ve Also Reiterated Their “Buy” Rating

January 14, 2018 - By Richard Conner

 Mizuho Securities Has Just Reaffirmed $18.0 Target Price Per Share on Cypress Semicon (NASDAQ:CY) stock, While They’ve Also Reiterated Their

Investors sentiment decreased to 1.08 in 2017 Q3. Its down 0.42, from 1.5 in 2017Q2. It worsened, as 34 investors sold Cypress Semiconductor Corporation shares while 109 reduced holdings. 51 funds opened positions while 104 raised stakes. 313.76 million shares or 0.67% more from 311.68 million shares in 2017Q2 were reported.

Putnam Fl Mgmt reported 42,681 shares or 0.06% of all its holdings. Davenport has 0.01% invested in Cypress Semiconductor Corporation (NASDAQ:CY). Koch Incorporated owns 56,631 shares. Tdam Usa Inc holds 135,869 shares or 0.12% of its portfolio. Mutual Of America Mgmt Lc reported 502,067 shares. Brown Advisory reported 35,937 shares. Asset has invested 0.01% of its portfolio in Cypress Semiconductor Corporation (NASDAQ:CY). 28,625 are owned by Perkins Mgmt. Fincl Serv Corporation holds 0% or 397 shares in its portfolio. Tiaa Cref Inv Management Ltd holds 0.02% or 1.72M shares in its portfolio. Employees Retirement Sys Of Ohio reported 316,893 shares stake. Cwm Lc holds 635 shares. Winfield Inc reported 1,442 shares. Macquarie Grp Ltd has invested 0.01% in Cypress Semiconductor Corporation (NASDAQ:CY). Washington Trust Bancorp accumulated 0.01% or 3,800 shares.

Since August 1, 2017, it had 0 insider purchases, and 4 insider sales for $5.18 million activity. $1.18 million worth of Cypress Semiconductor Corporation (NASDAQ:CY) shares were sold by Thad Trent. The insider GOPALSWAMY SUDHIR sold $46,538. $3.53M worth of stock was sold by NAZARIAN DANA on Friday, August 4.

Cypress Semicon (NASDAQ:CY) Rating Reaffirmed

In a research report revealed to clients and investors this morning, Mizuho Securities reiterated their “Buy” rating on Cypress Semicon (NASDAQ:CY) shares. The TP suggests a possible upside of 5.45 % from firm’s last stock close.

Investors sentiment decreased to 1.08 in 2017 Q3. Its down 0.42, from 1.5 in 2017Q2. It worsened, as 34 investors sold Cypress Semiconductor Corporation shares while 109 reduced holdings. 51 funds opened positions while 104 raised stakes. 313.76 million shares or 0.67% more from 311.68 million shares in 2017Q2 were reported.

Putnam Fl Mgmt reported 42,681 shares or 0.06% of all its holdings. Davenport has 0.01% invested in Cypress Semiconductor Corporation (NASDAQ:CY). Koch Incorporated owns 56,631 shares. Tdam Usa Inc holds 135,869 shares or 0.12% of its portfolio. Mutual Of America Mgmt Lc reported 502,067 shares. Brown Advisory reported 35,937 shares. Asset has invested 0.01% of its portfolio in Cypress Semiconductor Corporation (NASDAQ:CY). 28,625 are owned by Perkins Mgmt. Fincl Serv Corporation holds 0% or 397 shares in its portfolio. Tiaa Cref Inv Management Ltd holds 0.02% or 1.72M shares in its portfolio. Employees Retirement Sys Of Ohio reported 316,893 shares stake. Cwm Lc holds 635 shares. Winfield Inc reported 1,442 shares. Macquarie Grp Ltd has invested 0.01% in Cypress Semiconductor Corporation (NASDAQ:CY). Washington Trust Bancorp accumulated 0.01% or 3,800 shares.

Since August 1, 2017, it had 0 insider purchases, and 4 insider sales for $5.18 million activity. $1.18 million worth of Cypress Semiconductor Corporation (NASDAQ:CY) shares were sold by Thad Trent. The insider GOPALSWAMY SUDHIR sold $46,538. $3.53M worth of stock was sold by NAZARIAN DANA on Friday, August 4.

Cypress Semiconductor Corporation (NASDAQ:CY) Ratings Coverage

Among 21 analysts covering Cypress Semiconductor Corporation (NASDAQ:CY), 14 have Buy rating, 1 Sell and 6 Hold. Therefore 67% are positive. Cypress Semiconductor Corporation has $21 highest and $8 lowest target. $16.24’s average target is -4.86% below currents $17.07 stock price. Cypress Semiconductor Corporation had 67 analyst reports since August 31, 2015 according to SRatingsIntel. The firm has “Buy” rating by Craig Hallum given on Tuesday, November 14. On Friday, October 6 the stock rating was maintained by KeyBanc Capital Markets with “Buy”. Loop Capital Markets maintained it with “Buy” rating and $1600 target in Friday, June 23 report. Mizuho maintained Cypress Semiconductor Corporation (NASDAQ:CY) on Thursday, January 11 with “Buy” rating. Morgan Stanley downgraded Cypress Semiconductor Corporation (NASDAQ:CY) on Monday, July 18 to “Equal-Weight” rating. The rating was upgraded by Barclays Capital to “Buy” on Tuesday, July 18. The rating was maintained by Needham with “Strong Buy” on Friday, October 9. On Friday, February 3 the stock rating was maintained by Craig Hallum with “Buy”. The firm has “Buy” rating by Bank of America given on Monday, December 19. The rating was initiated by Loop Capital with “Buy” on Tuesday, December 6.

The stock increased 1.19% or $0.2 during the last trading session, reaching $17.07. About 4.65 million shares traded. Cypress Semiconductor Corporation (NASDAQ:CY) has risen 39.45% since January 14, 2017 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 earnings per share, up 200.00 % or $0.12 from last year’s $0.06 per share. CY’s profit will be $60.06 million for 23.71 P/E if the $0.18 EPS becomes a reality. After $0.21 actual earnings per share 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 $5.70 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 important recent Cypress Semiconductor Corporation (NASDAQ:CY) news were published by: Nasdaq.com which released: “Cypress Semiconductor Corporation (CY) Ex-Dividend Date Scheduled for December …” on December 26, 2017, also Businesswire.com published article titled: “Cypress Brings Superior Infotainment Experience to Connected Cars”, Fool.com published: “Where Will Cypress Semiconductor Corporation Be in 5 Years?” on December 21, 2017. More interesting news about Cypress Semiconductor Corporation (NASDAQ:CY) was released by: Fool.com and their article: “Why Cypress Semiconductor Corporation Stock Soared 33.2% in 2017” with publication date: January 10, 2018.

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