Brokerage Firm Rating Update on Cypress Semiconductor Corporation (CY)

Cypress Semiconductor Corporation (CY) : Zacks Investment Research ranks Cypress Semiconductor Corporation (CY) as 3, which is a Hold recommendation. 5 research analysts consider that the stocks fundamentals point to a bright future, hence they rate the stock as a Strong Buy. 2 other analysts are mildly bullish on the stock and favor a Buy. A total of 2 analysts believe that the stock has a limited upside, hence they advise a Hold. The average broker rating of 9 research analysts is 1.61, which indicates as a Buy.

Cypress Semiconductor Corporation (CY) : The highest short term price target forecast on Cypress Semiconductor Corporation (CY) is $15 and the lowest target price is $10. A total of 8 equity analysts are currently covering the company. The average price of all the analysts is $12.38 with a standard deviation of $1.85.


Company shares have received an average consensus rating of Hold for the current week Also, Roth Capital initiates coverage on Cypress Semiconductor Corporation (NASDAQ:CY). The shares have now been rated Buy by the stock experts at the ratings house. Roth Capital announces the current price target of $13 per share on Cypress Semiconductor Corporation. The rating by the firm was issued on September 1, 2016.

Cypress Semiconductor Corporation (NASDAQ:CY): stock was range-bound between the intraday low of $11.815 and the intraday high of $12.11 after having opened at $11.94 on Wednesdays session. The stock finally closed in the red at $11.94, a loss of -0.58%. The stock remained in the red for the whole trading day. The total traded volume was 4,568,940 shares. The stock failed to cross $12.11 in Wednesdays trading. The stocks closing price on Thursday was $12.05.

Cypress Semiconductor Corporation is a provider of mixed-signal programmable solutions. The Companys offerings include PSoC 1, PSoC 3, PSoC 4 and PSoC 5LP programmable system-on-chip families. It caters to markets, including industrial, mobile handsets, consumer, computation, data communications, automotive and military. The Company operates in four segments: Programmable Systems Division, Memory Products Division, Data Communications Division and Emerging Technologies Division. The Programmable Solutions Division designs and develops solutions for end-product manufacturers. The Memory Products Division designs and manufactures SRAM products and non-volatile RAMs (random access memories). The Data Communications Division focuses on solutions for industrial, handset and consumer applications. The Emerging Technologies Division consists of the Companys subsidiaries, AgigA Tech, Inc. and Deca Technologies, Inc.

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