Cypress Semiconductor (CY) – Research Analysts’ Weekly Ratings Changes

A number of firms have modified their ratings and price targets on shares of Cypress Semiconductor (NASDAQ: CY) recently:

  • 6/24/2019 – Cypress Semiconductor was downgraded by analysts at BidaskClub from a “hold” rating to a “sell” rating.
  • 6/11/2019 – Cypress Semiconductor was downgraded by analysts at BidaskClub from a “buy” rating to a “hold” rating.
  • 6/6/2019 – Cypress Semiconductor had its “hold” rating reaffirmed by analysts at Barclays PLC. They now have a $23.00 price target on the stock.
  • 6/5/2019 – Cypress Semiconductor was upgraded by analysts at BidaskClub from a “hold” rating to a “buy” rating.
  • 6/4/2019 – Cypress Semiconductor had its “neutral” rating reaffirmed by analysts at MKM Partners. They now have a $23.85 price target on the stock, up previously from $20.00.
  • 6/4/2019 – Cypress Semiconductor had its price target raised by analysts at SunTrust Banks, Inc. to $23.85. They noted that the move was a valuation call. They noted that the move was a valuation call.
  • 6/3/2019 – Cypress Semiconductor was downgraded by analysts at Mizuho from a “buy” rating to a “neutral” rating. They now have a $23.85 price target on the stock, up previously from $18.00.
  • 6/3/2019 – Cypress Semiconductor was downgraded by analysts at Susquehanna Bancshares Inc from a “positive” rating to a “neutral” rating.
  • 6/3/2019 – Cypress Semiconductor was downgraded by analysts at Roth Capital from a “buy” rating to a “neutral” rating. They now have a $24.00 price target on the stock, up previously from $20.00.
  • 6/3/2019 – Cypress Semiconductor was downgraded by analysts at Piper Jaffray Companies from an “overweight” rating to a “neutral” rating.
  • 6/3/2019 – Cypress Semiconductor was downgraded by analysts at Craig Hallum from a “buy” rating to a “hold” rating.
  • 6/3/2019 – Cypress Semiconductor was downgraded by analysts at Needham & Company LLC from a “buy” rating to a “hold” rating.
  • 6/3/2019 – Cypress Semiconductor was upgraded by analysts at ValuEngine from a “hold” rating to a “buy” rating.
  • 5/30/2019 – Cypress Semiconductor was upgraded by analysts at Morgan Stanley from an “underweight” rating to an “equal weight” rating. They now have a $15.50 price target on the stock, up previously from $11.50.
  • 5/22/2019 – Cypress Semiconductor was downgraded by analysts at BidaskClub from a “buy” rating to a “hold” rating.
  • 5/14/2019 – Cypress Semiconductor was downgraded by analysts at BidaskClub from a “strong-buy” rating to a “buy” rating.
  • 5/9/2019 – Cypress Semiconductor was upgraded by analysts at Zacks Investment Research from a “hold” rating to a “buy” rating. They now have a $19.00 price target on the stock. According to Zacks, “Cypress reported strong first-quarter results. The company is benefiting from solid momentum across industrial, automotive and legacy markets. Further, accelerating design wins — especially owing to new products and the growing adoption of Cypress’ USB devices — are major positives. The company’s decision to close its JV with SK hynix system ic will help it to focus more on automotive, industrial and IoT markets, which will drive business growth. However, Cypress’ weak demand in the consumer end market, and sluggish Microcontroller and Connectivity Division remain concerns. Further, the ongoing trade tension between the United States and China is an overhang. Notably, the stock has underperformed the industry it belongs to over a year.”
  • 5/8/2019 – Cypress Semiconductor was downgraded by analysts at Zacks Investment Research from a “buy” rating to a “hold” rating. According to Zacks, “Cypress reported strong first-quarter results. The company is benefiting from solid momentum across industrial, automotive and legacy markets. Further, accelerating design wins — especially owing to new products and the growing adoption of Cypress’ USB devices — are major positives. The company’s decision to close its JV with SK hynix system ic will help it to focus more on automotive, industrial and IoT markets, which will drive business growth. However, Cypress’ weak demand in the consumer end market, and sluggish Microcontroller and Connectivity Division remain concerns. Further, the ongoing trade tension between the United States and China is an overhang. Increasing competition in the auto and industrial market is also a concern. Notably, the stock has underperformed the industry it belongs to over a year.”
  • 5/1/2019 – Cypress Semiconductor was upgraded by analysts at Zacks Investment Research from a “hold” rating to a “buy” rating. They now have a $19.00 price target on the stock. According to Zacks, “Cypress reported strong first-quarter results. The company is benefiting from solid momentum across industrial, automotive and legacy markets. Further, accelerating design wins — especially owing to new products and the growing adoption of Cypress’ USB devices — are major positives. The company’s decision to close its JV with SK hynix system ic will help it to focus more on automotive, industrial and IoT markets, which will drive business growth. Notably, the stock has outperformed the industry it belongs to over a year. However, Cypress’ weak demand in the consumer end market, and sluggish Microcontroller and Connectivity Division remain concerns. Further, the ongoing trade tension between the United States and China is an overhang. Increasing competition in the auto and industrial market is also a concern.”

Shares of CY stock opened at $22.17 on Wednesday. Cypress Semiconductor Co. has a 12 month low of $11.75 and a 12 month high of $22.43. The firm has a market capitalization of $8.10 billion, a price-to-earnings ratio of 19.11, a PEG ratio of 2.49 and a beta of 1.76. The stock’s 50 day simple moving average is $18.92. The company has a current ratio of 1.82, a quick ratio of 1.23 and a debt-to-equity ratio of 0.40.

Cypress Semiconductor (NASDAQ:CY) last issued its quarterly earnings results on Thursday, April 25th. The semiconductor company reported $0.27 EPS for the quarter, topping analysts’ consensus estimates of $0.19 by $0.08. Cypress Semiconductor had a return on equity of 21.23% and a net margin of 14.97%. The company had revenue of $539.00 million during the quarter, compared to analyst estimates of $535.13 million. During the same period in the previous year, the company earned $0.27 earnings per share. The company’s quarterly revenue was down 7.4% compared to the same quarter last year. On average, equities analysts expect that Cypress Semiconductor Co. will post 0.89 EPS for the current fiscal year.

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, July 18th. Stockholders of record on Thursday, June 27th will be given a dividend of $0.11 per share. This represents a $0.44 dividend on an annualized basis and a dividend yield of 1.98%. The ex-dividend date of this dividend is Wednesday, June 26th. Cypress Semiconductor’s dividend payout ratio is presently 37.93%.

In other news, EVP Sudhir Gopalswamy sold 3,000 shares of the business’s stock in a transaction that occurred on Tuesday, April 16th. The stock was sold at an average price of $16.37, for a total transaction of $49,110.00. Following the sale, the executive vice president now directly owns 162,979 shares in the company, valued at $2,667,966.23. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, CEO Hassane El-Khoury sold 20,000 shares of the company’s stock in a transaction on Monday, June 3rd. The shares were sold at an average price of $22.16, for a total value of $443,200.00. Following the completion of the sale, the chief executive officer now owns 521,745 shares in the company, valued at $11,561,869.20. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 47,710 shares of company stock worth $947,912. 0.55% of the stock is currently owned by company insiders.

Large investors have recently made changes to their positions in the business. Nissay Asset Management Corp Japan ADV bought a new stake in Cypress Semiconductor in the first quarter valued at $4,421,000. Scotia Capital Inc. grew its position in Cypress Semiconductor by 8.8% in the fourth quarter. Scotia Capital Inc. now owns 40,792 shares of the semiconductor company’s stock valued at $519,000 after acquiring an additional 3,303 shares during the period. Texas Permanent School Fund grew its position in Cypress Semiconductor by 4.3% in the first quarter. Texas Permanent School Fund now owns 247,067 shares of the semiconductor company’s stock valued at $3,686,000 after acquiring an additional 10,211 shares during the period. Oakbrook Investments LLC grew its position in Cypress Semiconductor by 27.9% in the first quarter. Oakbrook Investments LLC now owns 38,500 shares of the semiconductor company’s stock valued at $574,000 after acquiring an additional 8,400 shares during the period. Finally, Ceredex Value Advisors LLC grew its position in Cypress Semiconductor by 7.4% in the first quarter. Ceredex Value Advisors LLC now owns 5,527,700 shares of the semiconductor company’s stock valued at $83,075,000 after acquiring an additional 378,900 shares during the period. Hedge funds and other institutional investors own 81.11% of the company’s stock.

Cypress Semiconductor Corporation designs, develops, manufactures, markets, and sells embedded system solutions worldwide. It operates in two segments, Microcontroller and Connectivity Division, and Memory Products Division. The Microcontroller and Connectivity Division provides microcontroller (MCU), analog, and wireless and wired connectivity solutions, including Traveo automotive MCUs; programmable system-on-chip and general-purpose MCUs; analog power management integrated circuits and energy harvesting solutions; CapSense capacitive-sensing controllers; TrueTouch touchscreens; Wi-Fi, Bluetooth, and Bluetooth low energy; and USB controllers comprising solutions for the USB-C and USB power delivery standards, as well as wireless Internet of things connectivity solutions.

Featured Article: Conference Calls and Individual Investors

Receive News & Ratings for Cypress Semiconductor Co Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Cypress Semiconductor Co and related companies with MarketBeat.com's FREE daily email newsletter.