Cypress Semiconductor Corporation (NASDAQ:CY) stock is currently trading at about $11.31 and lots of rating firms seem to have a target price set on the stock. The median 12-month price target of 9 analysts covering the company is $11.00, which suggests the stock could still gain more than -3 percent. The highest analyst price target is $15.00, which implies a gain of 67 percent. And roundups of analyst notes show that 6 are rating the stock a buy while 0 rate CY a strong buy. There are 4 equity research firms suggesting a Hold and 0 consider it Sell.
Morgan Stanley issued their verdict on Cypress Semiconductor Corporation (NASDAQ:CY) recently. The rating firm gave a Equal-Weight rating to this stock in a research note on Jul 18, 2016.Craig Hallum analysts issued their verdict on Cypress Semiconductor Corporation (NASDAQ:CY) recently. The rating firm gave a Buy rating to this stock in a research note on Feb 24, 2016. According to a research note published on Jan 29, 2016, analysts at Sterne Agee CRT have lowered their rating on the company stock from Buy to Neutral.
Cypress Semiconductor Corporation (NASDAQ:CY) Insider Activity
Several executives took part in recent insider activity for the stock. Its Director TYSOE RONALD W Purchased 25,000 company shares for $181000, in a transaction on 2016-05-17. Following the transaction, the Director is left with a stake of 68,469 shares, currently valued at $774384. Meanwhile, CEO Ellison Marvin R Purchased 50,000 shares worth $590000, through a transaction dated 2016-03-09. Following the completion of the transaction, the insider is left with a stake of 2,507,317 shares, amounting $28357755. CY EVP, HR Evanson Brynn also sold 6,761 shares, at a stock price of $8.45. This transaction occurred on 2015-05-15 totals $57000.13. After this transaction, the insider’s stake stands at 106,860 shares, with a market value of $1208587
Insiders own 1% percent of the stock. ULLMAN MYRON E III is one of the largest insider shareholders in Cypress Semiconductor Corporation (NASDAQ:CY), according to U.S. Securities and Exchange Commission (SEC) filings. The insider owns 1,273,424 shares which have current market value of around $14402425.RECORD EDWARD J is another major inside shareholder in the company. The insider owns 437,355 shares as of May 20, 2016, currently worth $4946485. TERUEL JAVIER G is ranked as third insider holder of the stock. This insider holds 342,152 shares with a market value around $3869739 as of recent close.
Cypress Semiconductor Corporation (NASDAQ:CY) Earnings Overview
In Cypress Semiconductor Corporation (NASDAQ:CY)’s most recent quarter, EPS moved to $-0.32 from $0.39 in prior quarter and revenues reached at $2,811.00M versus $3,996.00M. Analysts had expected Cypress Semiconductor Corporation (NASDAQ:CY) to report earnings of about $-0.38 per share on $2,916.75M in revenue. Looking forward, analysts on average predict that earnings for the current quarter would come in between $-0.33 and $-0.05. That is compared with the $-0.41 in earnings per share it reported during the same period last year.
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