Cypress Semiconductor Corporation (CY) : Analyst Rating Update

Cypress Semiconductor Corporation (CY) : The consensus on Cypress Semiconductor Corporation (CY) based on 11 analyst recommendation on the company stock is 1.86, which is interpreted as a Buy recommendation. Zacks Investment Research has issued a rank of 3 which endorses a Hold on the stock. However, 5 brokers have a differing view as they consider the stock to be a Strong Buy at current levels. 2 analyst believes that the stock is a Buy, which can produce decent returns in the future. 4 experts consider that the stocks earnings and the quoted price is in harmony, hence, they give it a Hold rating.

Cypress Semiconductor Corporation (CY) has been rated by 9 research analysts. Fundamentally, the highest shorterm price forecast for the stock is expected to reach $15 and the lowest price target forecast is $9. The average forecast of all the analysts is $11.22 and the expected standard deviation is $1.72.

Cypress Semiconductor Corporation (NASDAQ:CY): The stock opened at $10.39 on Wednesday but the bulls could not build on the opening and the stock topped out at $10.40 for the day. The stock traded down to $9.79 during the day, due to lack of any buying support eventually closed down at $10.01 with a loss of -4.12% for the day. The stock had closed at $10.44 on the previous day. The total traded volume was 9,211,549 shares.

The company shares have dropped -9.22% from its 1 Year high price. On Jul 23, 2015, the shares registered one year high at $12.46 and the one year low was seen on Feb 11, 2016. The 50-Day Moving Average price is $10.26 and the 200 Day Moving Average price is recorded at $8.90.

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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