Cypress Semiconductor Corporation (NASDAQ:CY) registered a -1.58% decrease, still its new closing price is 96.53% up from the company’s 1 year high of 12.60.It posted -4.51% losses in previous 5 sessions and is now the subject of 6 analysts who together assign a hold rating on stock. 0 of Wall Street analysts have an underperform rating; the 0 sells versus 2 buy or better ratings. The 13 stock analysts following this company have an average price target at $13.40, with individual PT in the $11.00-$16.00 range. The shares moved at $11.85, implying that brokerage firms see shares gaining about 68.46% in twelve months time.
Cypress Semiconductor Corporation (CY) SEC Form 4 News
The stock is getting much attention these days as insiders are offloading shares while they posted a 3.58% rise year to date. A Executive Chairman at Cypress Semiconductor Corporation (CY) offloaded shares in a transaction closed on Tuesday January 03, 2017. BINGHAM H RAYMOND sold 14,361 shares in the company at $11.54 each and collected $165,001 in proceeds. BINGHAM H RAYMOND now owns 121,954 shares in the company after this transaction. A Director in the company, BENHAMOU ERIC, disclosed a transaction on Monday December 19, 2016 that ended up generating $560,001 from the sale of 50,000 shares at $11.21 per share.
Cypress Semiconductor Corporation (NASDAQ:CY) Upcoming Results on Tap
Cypress Semiconductor Corporation will next provide financial results for the March 2017 quarter. Stock analysts expect it to report per-share earnings of $0.16 in that period. Sales during the quarter are predicted to arrive at $496.32 million.
Earnings surprise history: Last quarter, the company posted approximately $530.09 million in revenue and EPS of $0.15. The mean forecast was for $525.03 million and $0.14 a share, respectively. One quarter earlier, revenue for the stock was at $456.38 million, with earnings at $0.12/share.
Cypress Semiconductor Corporation (CY) Brokerage Update
Cypress Semiconductor Corporation (CY) is in Barclays’s research list so their analyst rating change is noteworthy. These shares were downgraded to Equal Weight from Overweight by Barclays, according to news reported on Tuesday October 18, 2016.Another important research note was issued by Morgan Stanley on Monday July 18, 2016.The firm downgraded CY to Equal-Weight from Overweight. Over the last six months and over the last three months, the shares of Cypress Semiconductor Corporation (CY), have changed 6.40% and 20.83%, respectively.
