Cypress Semiconductor Corporation (CY) Stock Rating Reaffirmed by Needham & Company LLC

Alicia Cross
October 12, 2017

The stock traded within a range of $19.21 and $19.82.

A number of other large investors have also recently bought and sold shares of ON. Pacific Crest downgraded the stock to "Sector Weight" rating in Tuesday, May 10 report. Loop Capital reissued a "buy" rating and issued a $17.00 price objective on shares of Cypress Semiconductor Corporation in a research note on Friday, July 28th. Robert W. Baird restated an "outperform" rating and set a $20.00 target price (up from $14.00) on shares of ON Semiconductor Corp in a report on Thursday, February 16th. The firm earned "Hold" rating on Monday, July 10 by Jefferies. Longbow upgraded the shares of ON in report on Wednesday, August 24 to "Buy" rating. The stock of Cypress Semiconductor Corporation (NASDAQ:CY) earned "Buy" rating by Mizuho on Friday, January 29.

According to Financial Times, The 7 analysts offering 12 month price targets for Adaptimmune Therapeutics PLC - ADR have a median target of 11.00, with a high estimate of 25.00 and a low estimate of 6.00. On Oct. 6, 2017 CY saw a modest increase, closing the day at $15.48, or a increase of $0.03 or (0.19%). Lattice Semiconductor Corp (NASDAQ:LSCC) has risen 35.73% since October 9, 2016 and is uptrending. Narrowing in, the stock is at a distance of -0.77% from the 50 day high and 10.63% off of the 50 day low.

Boris Johnson 'caves in' over Brexit red lines
Mr Johnson is thought to be in the firing line after he helped throw the gathering into chaos with leadership manoeuvring. When asked where Mrs May should put Mr Johnson in a possible Cabinet shake-up, the Tory peer quipped "Mongolia".

Noel King 'optimistic' ahead of Republic of Ireland U21s clash against Israel
Wales will once again be without the injured Gareth Bale , who watched his team-mates train at the Cardiff City Stadium on Sunday. Martin O'Neill's team must win to have any chance of qualifying for the World Cup finals in Russian Federation next summer.

Turkish President Announces 'Serious Operation' In Northern Syria
But the FSA has increasingly lost territory to extremist Islamist groups there. Turkey has supported and backed rebels that seek the toppling of Assad.

Coty Inc. (NYSE:COTY) has a market cap of $12.4 billion and over the last 12 months, COTY has declined by -26.63%. The semiconductor company reported $0.21 EPS for the quarter, topping the Zacks' consensus estimate of $0.16 by $0.05. It has a return on equity (ROE) of -7.00%. They expect $-0.03 EPS, up 57.14% or $0.04 from last year's $-0.07 per share. After $0.26 actual earnings per share reported by ON Semiconductor Corp for the previous quarter, Wall Street now forecasts 53.85 % EPS growth.

ILLEGAL ACTIVITY WARNING: This report was first reported by StockNewsTimes and is the property of of StockNewsTimes. If you are reading this article on another domain, it was copied illegally and reposted in violation of United States and global copyright & trademark laws. Following the acquisition, the director now owns 20,000 shares of the company's stock, valued at approximately $258,400. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. The shares were bought at an average cost of $14.37 per share, with a total value of $431,100.00. Boston Advsr Limited Liability Company holds 14,351 shares. The disclosure for this sale can be found here. Coastland Capital LLC now owns 215,357 shares worth $1,434,000.

Institutional investors have recently made changes to their positions in the stock. Ubs Group Ag cut its investment by shedding 1,423 shares a decrease of 59.0%. This showed a surprise of 12.5% in the last quarter earnings. 311.68 million shares or 3.13% more from 302.23 million shares in 2017Q1 were reported. Janus Capital Management LLC boosted its position in shares of ON Semiconductor Corp by 9.3% in the fourth quarter. IFP Advisors Inc increased its holdings in Cypress Semiconductor Corporation by 13.3% during the 2nd quarter. Nordea Investment Management AB now owns 9,121 shares of the semiconductor company's stock worth $126,000 after purchasing an additional 4,600 shares in the last quarter. Ffcm LLC increased its holdings in Cypress Semiconductor Corporation by 139.2% during the 2nd quarter. Northpointe Capital LLC now owns 541,074 shares of the semiconductor company's stock valued at $7,386,000 after purchasing an additional 221,288 shares in the last quarter. Instituational ownership is important too, as it can indicate larger banks have confidence in the company. The Power Solutions Group offers a range of discrete, module and integrated semiconductor products. The Company is a provider of customizable smart connectivity solutions based on its low power field programmable gate array (FPGA), video application specific standard product (ASSP), 60 gigahertz millimeter wave, and IP products to the consumer, communications, industrial, computing and automotive markets across the world. MCD focuses on microcontroller (MCU), analog and wireless and wired connectivity solutions.

Other reports by Free-Prsite

Discuss This Article

FOLLOW OUR NEWSPAPER