More interesting news about Cypress Semiconductor Corporation (NASDAQ:CY) were released by: Businesswire.com and their article: "Cypress Announces Proposed $130 Million Convertible Notes Offering" published on November 01, 2017 as well as Investorplace.com's news article titled: "3 Big Stock Charts for Monday: Intel Corporation, Cypress Semiconductor ..." with publication date: October 30, 2017. As of October 31st, there was short interest totalling 29,499,736 shares, a drop of 8.0% from the October 13th total of 32,052,641 shares. About 11.45M shares traded. The company has market cap of $530.84 million. The number of shares now owned by investors are 330.14 mln. Zacks Investment Research upgraded Cypress Semiconductor Corporation from a hold rating to a strong-buy rating and set a $19.00 price target for the company in a research note on Tuesday, October 31st. Barclays PLC raised shares of Cypress Semiconductor Corporation from an equal weight rating to an overweight rating in a research report on Friday, July 21st. Cypress Semiconductor Corporation had 59 analyst reports since August 31, 2015 according to SRatingsIntel. Finally, Credit Suisse Group boosted their price objective on Cypress Semiconductor Corporation from $14.00 to $15.00 and gave the stock a neutral rating in a research note on Friday, October 27th. ON Semiconductor Corporation presently has an average rating of Buy and an average price target of $21.02. Craig Hallum maintained Cypress Semiconductor Corporation (NASDAQ:CY) on Friday, April 29 with "Buy" rating. The firm has a market capitalization of $9,089.80, a PE ratio of 19.66, a PEG ratio of 0.81 and a beta of 2.06. Over the past twelve months, Technology (:Cypress Semiconductor Corporation)'s stock was 2.03.
The company now has an insider ownership of 0.5 Percent and Institutional ownership of 99.4 Percent.
Cypress Semiconductor Corporation (NASDAQ:CY) issued an update on its fourth quarter earnings guidance on Thursday morning. The semiconductor company reported $0.27 EPS for the quarter, topping the Thomson Reuters' consensus estimate of $0.23 by $0.04. Cypress Semiconductor Corp now has $5.74 billion valuation.
Analysts believe that the company has the potential to earn average revenue of $593.16 Million for the current quarter. According to their observations and findings, the stock could provide a high EPS of $0.28/share and a low EPS of $0.21/share. Shareholders of record on Thursday, December 28th will be given a dividend of $0.11 per share. The analyst recommendations from a month ago are 1 Buy, 6 Strong Buy, 0 Sell, 1 Hold and 2. The ex-dividend date is Wednesday, December 27th. Asset invested 0.47% of its portfolio in Cypress Semiconductor Corporation (NASDAQ:CY). The Street has a 4/5/1989 target price on the shares for the next 12-18 months. Following the completion of the transaction, the director now directly owns 20,000 shares of the company's stock, valued at $258,400. The sale was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Also, EVP Trent Thad sold 74,818 shares of Cypress Semiconductor Corporation stock in a transaction on Monday, October 16th. The shares were sold at an average price of $15.77, for a total value of $1,179,879.86. Following the transaction, the executive vice president now owns 409,848 shares in the company, valued at $8,291,225.04.
Since June 7, 2017, it had 0 insider purchases, and 1 insider sale for $89,464 activity. Macquarie Group Ltd. now owns 5,198,704 shares of the company's stock valued at $45,853,000 after buying an additional 164,552 shares in the last quarter.
A number of large investors have recently made changes to their positions in the company.
Rafferty Asset Management Llc increased Cypress Semiconductor Corp (CY) stake by 52.04% reported in 2017Q2 SEC filing. On Friday, October 23 the stock rating was maintained by Topeka Capital Markets with "Buy". Macquarie Group Ltd. raised its stake in shares of ON Semiconductor Corp.by 3.3% in the second quarter. California Employees Retirement holds 0.03% or 1.25 million shares in its portfolio. Stevens Capital Lp invested in 69,625 shares. The median estimate represents a 7.59% increase from the last price. Finally, Blair William & Co. Marshall Wace North America L.P. bought a new position in ON Semiconductor Corporation in the second quarter worth $184,000. Hedge funds and other institutional investors own 96.93% of the company's stock.
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