Opinion

Cypress Semiconductor Corporation (NASDAQ:CY) Analysts Recommendations and Insider Trading

Cypress Semiconductor Corporation (NASDAQ:CY) stock is presently standing at about $13.89 and lots of equity research firms seem to have a target price set on the stock. The median one-year price target of 12 analysts covering the company is $14.00, which suggests the stock could still rise over 1 percent. The highest analyst price target is $16.00, which implies a rally of 85 percent. And a quick view of analyst notes show that 6 are rating the stock a buy while 1 rate CY a strong buy. There are 6 equity research firms advocating a Hold and 0 consider it Sell.

BofA/Merrill analysts provided their view on Cypress Semiconductor Corporation (NASDAQ:CY) recently. The rating firm issued a Buy rating to this company in a research note released on Dec 19, 2016. Loop Capital analysts disclosed their opinion on Cypress Semiconductor Corporation (NASDAQ:CY) recently. The rating firm gave a Buy rating to this stock in a research note published on Dec 16, 2016. According to a research note disclosed on Oct 18, 2016, analysts at Barclays have lowered their rating on these shares from Overweight to Equal Weight.

Cypress Semiconductor Corporation (NASDAQ:CY) Transactions Roundup

Several insiders were part of recent insider activity for the stock. Its Executive Chairman BINGHAM H RAYMOND sold 14,361 company shares for 165730, in a transaction on 2017-01-03. Following the transaction, the Executive Chairman is left with a stake of 121,954 shares, currently valued at $1693941. Meanwhile, Director BENHAMOU ERIC sold 50,000 shares worth $560500, through a transaction dated 2016-12-19. Following the completion of the transaction, the insider is left with a stake of 168,538 shares, amounting $2340992.82. CY Executive Chairman BINGHAM H RAYMOND also sold 15,000 shares, at a stock price of $11.18. This transaction occurred on 2016-12-01 totals $167700. After this transaction, the insider’s stake stands at 121,954 shares, with a market value of $1693941.

Executives hold 5.12 percent of the stock. Mr. Thurman J. Rodgers is one of the biggest insider owners in Cypress Semiconductor Corporation (NASDAQ:CY), according to U.S. Securities and Exchange Commission (SEC) filings. The insider owns 10,112,234 shares which have current market value of around $140458930.26.John H. Kispert is another major inside shareholder in the company. The insider owns 1,149,316 shares as of 0.35%, currently worth $15963999.24. Brad W. Buss is ranked as third insider holder of the stock. This insider holds 984,238 shares with a market value around $13671065.82 as of recent close.

Cypress Semiconductor Corporation (NASDAQ:CY) Earnings Outlook

In Cypress Semiconductor Corporation (NASDAQ:CY)’s latest quarter, EPS moved to $0.15 from $0.15 in preceding quarter and revenues reached at $530.17M compared to $530.09M. Analysts had expected Cypress Semiconductor Corporation (NASDAQ:CY) to post net income of about $0.14 per share on $525.63M in revenue. Looking ahead, analysts on average predict that earnings for the current quarter would come in in the range of $0.10 to $0.11. That is compared with the $0.07 in EPS it reported during the same period a year ago.

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