Economy

Cypress Semiconductor Corporation (CY) Market Cap To Touch $5.37B

Cypress Semiconductor Corporation (CY) Market Cap To Touch $5.37B

Research brokerages are projecting Cypress Semiconductor Corporation (NASDAQ:CY) to grow at an accelerated rate over the next 5 years. Equities research analysts predict that Cypress Semiconductor Corporation will post $0.72 EPS for the current fiscal year. Their 52-Week High and Low are noted here. The semiconductor company reported $0.21 EPS for the quarter, beating the consensus estimate of $0.16 by $0.05. Institutions are now holders of 99.00% of the shares. Tudor Investment Corp ET AL increased its stake in Cypress Semiconductor Corporation by 280.0% in the first quarter.

Currently, EPS of Cypress Semiconductor Corporation (CY) is 0.21 while the analysts predicted the EPS of the stock to be 0.16 suggesting the company fell short of the analysts' expectations. Insiders own 0.69% of the company's stock. The firm had revenue of $532 million during the quarter, compared to the consensus estimate of $511.41 million. KeyCorp maintained Cypress Semiconductor Corporation (NASDAQ:CY) on Thursday, March 30 with "Overweight" rating. The company's revenue for the quarter was up 11.6% compared to the same quarter past year.

A number of research analysts have weighed in on CY shares.

05/09/2017 - Stephens began new coverage on Cypress Semiconductor Corporation giving the company a "overweight" rating.

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Heading into the stock price potential, Cypress Semiconductor Corporation needs to grow just 16.2% to cross its median price target of $16.5.

04/10/2017 - Cypress Semiconductor Corporation was upgraded to "buy" by analysts at SunTrust. Their average price target spell out an upbeat performance - a 15% and would give CY a market capitalization of almost $5.37B. Additionally, Cypress Semiconductor Corporation (CY) stock price has gone up by 1.79% over the last 20 trading days, and its price is -6.02% below the 52-week high. Two research analysts have rated the stock with a hold rating and twelve have assigned a buy rating to the stock. On a consensus basis the Street sees the stock heading to 16.31 in the near term. The share price of CY has risen by over 19.28% in the last six months. The shares were sold at an average price of $14.01, for a total transaction of $89,453.85. Given that liquidity is king in short-term, CY is a stock with 328.99 million shares outstanding that normally trades 9.72% of its float. Following the completion of the transaction, the director now directly owns 89,997 shares of the company's stock, valued at approximately $1,197,860.07.

A number of large investors have recently modified their holdings of the company. Craig Hallum initiated Cypress Semiconductor Corporation (NASDAQ:CY) on Wednesday, February 24 with "Buy" rating. ING Groep NV bought a new position in shares of Cypress Semiconductor Corporation during the second quarter worth about $138,000. HighTower Advisors LLC increased its stake in Cypress Semiconductor Corporation by 162.2% in the first quarter. Deprince Race Zollo owns 1.01% invested in Cypress Semiconductor Corporation (NASDAQ:CY) for 4.49 million shares.

03/30/2017 - Cypress Semiconductor Corporation had its "buy" rating reiterated by analysts at Mizuho. Barclays PLC upgraded Cypress Semiconductor Corporation from an "equal weight" rating to an "overweight" rating in a report on Friday, July 21st. Lazard Asset Management LLC now owns 6,810,329 shares of the semiconductor company's stock valued at $93,710,000 after buying an additional 5,453,982 shares in the last quarter. Cypress Semiconductor Corporation has a 12 month low of $9.63 and a 12 month high of $14.98. It is meant to chart the current and historical strength or weakness of a stock or market based on the closing prices of a recent trading period. The firm's 50-day moving average price is $13.79 and its 200-day moving average price is $13.28.

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The company also recently disclosed a quarterly dividend, which was paid on Thursday, July 20th. Shareholders of record on Thursday, June 29th were given a dividend of $0.11 per share. Cypress Semiconductor Corporation's dividend payout ratio (DPR) is presently -22.22%.

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Cypress Semiconductor Corporation manufactures embedded system solutions for automotive, industrial, home automation and appliances, consumer electronics and medical products. The Company's divisions include Power Solutions Group, Analog Solutions Group and Image Sensor Group.

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