The current price is seen ranging between $19.21 and $19.82.
A number of other brokerages also recently issued reports on CY. The firm earned "Overweight" rating on Monday, June 13 by Pacific Crest.
Cypress Semiconductor Corporation (NASDAQ:CY)'s stock had its "buy" rating reiterated by investment analysts at Needham & Company LLC in a note issued to investors on Monday. 0 analysts gave its stock an Outperform rating.
The collective rating of 2.1 for ON Semiconductor Corporation (NASDAQ:ON) also leans strongly towards the neutral end of the spectrum.
Cypress Semiconductor Corporation (NASDAQ:CY) displayed a change of 1.59% after which it closed the day' session at $12.45. Analysts are turning out to be more optimistic than before, with 9 of analysts who cover Cypress Semiconductor Corporation (NASDAQ:CY) advice adding it to buy candidate list. The company's stock had a trading volume of 2,262,426 shares.
The average 1-year price target for ON Semiconductor Corporation (ON) - averaging the work of different analysts - reveals a mean PT of $19.5/share.
Shares are trading at $15.94 quite a bit higher than $14.21, the 50 day moving average and significantly above the 200 day moving average of $13.89. The firm has a market cap of $8.17 billion, a PE ratio of 28.54 and a beta of 2.01. After $0.06 actual EPS reported by EQT Corporation for the previous quarter, Wall Street now forecasts -83.33% negative EPS growth. Cypress Semiconductor had a negative return on equity of 4.96% and a negative net margin of 3.03%. The company had revenue of $593.80 million for the quarter, compared to the consensus estimate of $546.82 million. Coty Inc. (NYSE:COTY) earnings have risen with a quarterly rate of 10.7% over the last 5 years. The Volatility 3m is a similar percentage determined by the daily log normal returns and standard deviation of the share price over 3 months.
ILLEGAL ACTIVITY WARNING: This report was first reported by StockNewsTimes and is the property of of StockNewsTimes. If you are reading this article on another domain, it was copied illegally and reposted in violation of United States and global copyright & trademark laws. On Friday, June 16 the stock rating was maintained by Jefferies with "Buy". The Stock has YTD (year to date) performance of 51.88 percent. The stock was sold at an average price of $18.90, for a total value of $299,527.20. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. The firm has "Buy" rating given on Monday, August 7 by Mizuho. Enterprise Value is calculated by taking the market capitalization plus debt, minority interest and preferred shares, minus total cash and cash equivalents. Following the completion of the acquisition, the director now directly owns 55,000 shares in the company, valued at approximately $790,350. The disclosure for this purchase can be found here.
In related news, insider Bernard Raymond Colpitts, Jr. sold 2,490 shares of the firm's stock in a transaction that occurred on Wednesday, August 9th. The Director now owns $0 of the stock as reported to the SEC. The stock price hovered in an intraday range of $15.48- $15.72. Legal & General Group Plc increased its stake in shares of Cypress Semiconductor by 144.8% in the 1st quarter. Tower Research Capital LLC TRC now owns 10,039 shares of the semiconductor company's stock worth $156,000 after acquiring an additional 9,609 shares during the last quarter. The total number of shares traded in the last 90-day period is 355,575. Robecosam AG grew its position in ON Semiconductor Corporation by 198.5% during the second quarter. Norges Bank bought a new position in shares of ON Semiconductor Corp during the fourth quarter valued at $49,822,000. Nordea Investment Management AB now owns 9,121 shares of the semiconductor company's stock worth $126,000 after purchasing an additional 4,600 shares in the last quarter. Finally, Hotchkis & Wiley Capital Management LLC boosted its position in shares of ON Semiconductor Corp by 21.6% in the fourth quarter. Institutional investors own 98.07% of the company's stock. The Company's segments include Power Solutions Group, Analog Solutions Group and Image Sensor Group. Its programmable systems-on-chip, general-purpose microcontrollers, analog integrated circuits (ICs), wireless and Universal Serial Bus (USB)-C based connectivity solutions and memories help engineers design differentiated products.