Is Cypress Semiconductor Corporation (CY) Running Out of Gas?

Current price level places the company's stock about -2.98% from the 52-week high and 52.23% away from the 52-week low.

A number of analysts have recently issued reports on CY shares. Two investment analysts have rated the stock with a hold rating and twelve have given a buy rating to the company's stock.

News headlines about Cypress Semiconductor Corporation (NASDAQ:CY) have trended somewhat negative this week, Accern Sentiment Analysis reports. Mizuho restated a buy rating and set a $16.00 target price on shares of Cypress Semiconductor Corporation in a research report on Monday, April 24th. BlackRock Inc. raised its stake in shares of Cypress Semiconductor Corporation by 13,107.4% in the first quarter. (NASDAQ:NVAX) might see muted action given an ABR of 2.2 or Hold rating. The average volume stands around 6.93 million shares.

Cypress Semiconductor Corporation (NASDAQ:CY) trades at $14.66 having a market capitalization of $4.82 billion. The company rocked its 52-Week High of $15.11 and touched its 52-Week Low of $9.63. Shares are trading at $15.24 a bit higher than the 50 day moving average which is $15.09 and which is marginally over the 200 day moving average of $14.83.

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Over the past five trading sessions shares of Cypress Semiconductor Corporation (NASDAQ:CY) are 0.07%; 2.16% for the month; 4.64% for the last quarter; 21.36% for the past six-months; and 25.51% for the last 12 months. The semiconductor company reported $0.21 earnings per share (EPS) for the quarter, topping the Thomson Reuters' consensus estimate of $0.16 by $0.05. The firm had revenue of $593.80 million for the quarter, compared to analysts' expectations of $546.82 million.

Weighted Alpha is used to calculate how much a share has gone up or down over a certain period, normally a year. Cypress Semiconductor Corporation's quarterly revenue was up 11.6% compared to the same quarter past year. Nonetheless, from here on out, earnings per share forecasts for the current quarter are $0.23. Finally, Barclays PLC increased their price target on Cypress Semiconductor Corporation from $12.00 to $14.00 and gave the company an "equal weight" rating in a research report on Wednesday, April 19th. If you are reading this report on another publication, it was illegally copied and republished in violation of United States and worldwide copyright and trademark law.

The firm also recently declared a quarterly dividend, which was paid on Thursday, July 20th. The ex-dividend date of this dividend was Tuesday, June 27th. Cypress Semiconductor Corporation had 13 analyst reports since March 29, 2017 according to SRatingsIntel.

In related news, Director Oc Kwon sold 6,385 shares of the business's stock in a transaction that occurred on Thursday, June 8th. And the values below 20 that it is oversold indicate prices could very well bounce upwards. Following the completion of the transaction, the director now directly owns 89,997 shares in the company, valued at approximately $1,197,860.07. Also, EVP William Hall sold 41,364 shares of the stock in a transaction dated Monday, May 15th. If the average volume is low then the liquidity is low which means it is hard to buy or sell the stock as there are fewer buyers or sellers of the stock. Wolverine Asset Mgmt Llc invested in 0% or 7,500 shares.

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Exec VP Sales & Marketing Paul E. Rolls disclosed the sale of 10,000 shares of ON stock. Insiders own 0.69% of the company's stock.

Other institutional investors have also made changes to their positions in the company. Finally, Advantus Capital Management Inc raised its position in shares of Cypress Semiconductor Corporation by 5.2% in the first quarter.

Cypress Semiconductor Corporation (NASDAQ:CY) stock reached a 1-year peak price of $15.11. IndexIQ Advisors LLC boosted its position in Lattice Semiconductor Corporation by 22.4% in the first quarter. Over the past five trading sessions it is -0.1%; 8.97% for the month; 6.2% for the last quarter; 8.9% for the past six-months; and 1.49% for the last 12 months. Bank of Montreal Can raised its stake in shares of ON Semiconductor Corporation by 59.1% in the first quarter. Texas Permanent School Fund now owns 240,524 shares of the semiconductor company's stock worth $3,283,000 after buying an additional 1,720 shares in the last quarter. PA's holdings in ON Semiconductor Corporation were worth $1,471,000 at the end of the most recent quarter.

PA lowered its position in ON Semiconductor Corporation (NASDAQ:ON) by 40.7% during the second quarter, Holdings Channel reports. Institutional investors and hedge funds own 96.95% of the company's stock. The Firm is a well-known 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. The Company's divisions include Microcontroller and Connectivity Division, and Memory Products Division (MPD).

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