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Cypress Semiconductor Corporation (CY) Receives $16.55 Average Price Target from Brokerages

15 July, 2017, 08:07 | Author: Nadine Todd

Over the last three months, the shares of the company have changed -2.94% and performed -8.33% over the last six months. Liberty Mutual Group Asset Management Inc.'s holdings in Cypress Semiconductor Corporation were worth $2,031,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also added to or reduced their stakes in the company. Nordea Investment Management AB boosted its stake in shares of Cypress Semiconductor Corporation by 101.7% in the first quarter. Morgan Stanley now owns 916,194 shares of the semiconductor company's stock valued at $8,749,000 after buying an additional 436,509 shares in the last quarter. KeyCorp assumed coverage on Cypress Semiconductor Corporation in a report on Wednesday, March 29th. Private Advisor Group LLC boosted its position in Cypress Semiconductor Corporation by 3.2% in the first quarter. LLC bought a new stake in shares of MagnaChip Semiconductor Corporation during the first quarter valued at about $128,000. The Quentec Asset Management Llc holds 1.96M shares with $14.42 million value, down from 2.08 million last quarter. Finally, Dimensional Fund Advisors LP increased its position in MagnaChip Semiconductor Corporation by 6.0% in the first quarter. IFP Advisors Inc now owns 7,614 shares of the semiconductor company's stock valued at $105,000 after buying an additional 794 shares in the last quarter. Engineers Gate Manager Lp invested in 121,081 shares or 0.1% of the stock. The stock's market capitalization is 6.29B. Cypress Semiconductor Corporation has a one year low of $9.63 and a one year high of $14.98. Nuveen Asset Mgmt holds 0.1% of its portfolio in Cypress Semiconductor Corporation (NASDAQ:CY) for 1.74 million shares.

A number of research analysts recently issued reports on MX shares. The company has a market cap of $372.75 million, a price-to-earnings ratio of 63.58 and a beta of -0.31. MagnaChip Semiconductor Corporation has a 52-week low of $5.20 and a 52-week high of $11.15. For the outlook of the current financial quarter, Analysts think the firm will post -0.01 earnings per share.

The ROIC Quality of MagnaChip Semiconductor Corporation (NYSE:MX) is 0.627034. The dividend payment will be $0.110 per share for the quarter or $0.44 on an annualized basis.

Since March 12, 2017, it had 0 insider purchases, and 3 selling transactions for $813,603 activity. The ex-dividend date is Tuesday, June 27th. Cypress Semiconductor Corporation's payout ratio is -22.22%. If you are reading this piece on another publication, it was stolen and republished in violation of USA & worldwide trademark & copyright laws.

Several equities research analysts have recently commented on CY shares.

Watching some historical volatility numbers on shares of MagnaChip Semiconductor Corporation (NYSE:MX), we can see that the 12 month volatility is presently 61.732800.

MagnaChip Semiconductor Corporation (MX) stock price away from 20 day simple moving average surged at 13.19% while its distance from 50 day simple moving average raised 18.18% along with 37.10% above away from two hundred simple moving averages. The stock has a consensus rating of Buy and a consensus price target of $10.69. The legal version of this news story can be read at https://sportsperspectives.com/2017/07/14/brokerages-set-magnachip-semiconductor-corporation-nysemx-price-target-at-9-94-updated.html. Zacks Investment Research lowered shares of ON Semiconductor Corporation from a "buy" rating to a "hold" rating in a research note on Tuesday.

Among 5 analysts covering Lattice Semiconductor (NASDAQ:LSCC), 2 have Buy rating, 0 Sell and 3 Hold.

Cypress Semiconductor Corporation (NASDAQ:CY) has been given an average rating of "Buy" by the fourteen brokerages that are now covering the firm, MarketBeat reports.

In other Cypress Semiconductor Corporation news, Director Eric Benhamou sold 50,000 shares of the firm's stock in a transaction on Monday, June 19th. The average 12-month price objective among analysts that have issued a report on the stock in the previous year is $16.55. Following the completion of the transaction, the director now owns 89,997 shares of the company's stock, valued at $1,197,860.07. The sale was disclosed in a document filed with the SEC, which is available at the SEC website.

5 year sales growth rate is an important factor for valuation analysis, the 5 year sales growth of Lattice Semiconductor Corporation (LSCC) stands at 6.05 while the industry's and the sector's growth for next 5 years ticked at -0.82 and 4.84 respectively. Moving averages are considered to be lagging indicators that simply take the average price of a stock over a certain period of time. The disclosure for this sale can be found here.

Cypress Semiconductor Corporation manufactures embedded system solutions for automotive, industrial, home automation and appliances, consumer electronics and medical products.

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