Currently, the 14-day Relative Strength Index (RSI) reading is at 33.24. Bank of America Corp reissued a "buy" rating and issued a $18.00 price target on shares of Cypress Semiconductor in a report on Thursday, May 25th.
ON Semiconductor Corporation (ON) stock was most active stock of Wall Street Market on Wednesday. The fund owned 2,357,860 shares of the semiconductor company's stock after buying an additional 564,275 shares during the quarter. Mizuho reaffirmed a "buy" rating and issued a $16.00 price objective on shares of Cypress Semiconductor in a research note on Monday, April 24th. A 4 analysts rate it as either a buy or a strong buy, while 0 believe that investors should either steer clear of (NASDAQ:RMBS) or, if they already own its stock, sell it. Cypress Semiconductor presently has a consensus rating of "Buy" and a consensus target price of $17.58. ON Semiconductor Corporation has had 14 insider trades in the last 3 months, including 0 open market buys and 14 sells. There are brokerage firms with lower targets than the average, including one setting a price target of $13. Cypress Semiconductor has a fifty-two week low of $10.95 and a fifty-two week high of $17.42. The company has a current ratio of 1.97, a quick ratio of 1.25 and a debt-to-equity ratio of 1.20.
Time to Reconsider Assurant Incorporated (NYSE:AIZ) After Less Short Sellers?
The fund owned 81,684 shares of the financial services provider's stock after selling 3,607 shares during the quarter. Ladenburg Thalmann Financial Services Inc. raised its position in shares of Assurant by 1.8% in the fourth quarter.
Cypress Semiconductor (NASDAQ:CY) last issued its quarterly earnings data on Thursday, October 26th. The semiconductor company reported $0.27 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $0.23 by $0.04. Cypress Semiconductor had a net margin of 2.64% and a return on equity of 2.40%. The company had revenue of $532 million for the quarter, compared to analyst estimates of $511.41 million. During the same period in the previous year, the business earned $0.07 EPS. 2 of them rate its stock a hold. The shares were sold at an average price of $14.18, for a total value of $709,000.00. Following the completion of the sale, the chief executive officer now owns 3,649,468 shares in the company, valued at $71,493,078.12. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, EVP William Hall sold 54,366 shares of the business's stock in a transaction on Wednesday, November 8th. In order to determine directional movement, the 50-day and 200-day moving averages for National Grid plc (NYSE:NGG) are $60.38 and $63.1. Following the transaction, the senior vice president now directly owns 41,204 shares in the company, valued at approximately $714,477.36. The disclosure for this sale can be found here. The overall volume in the last trading session was 1.83 million shares.
Large investors have recently bought and sold shares of the stock. Jabre Capital Partners S.A. purchased a new position in Cypress Semiconductor during the third quarter worth about $3,040,000. Dynamic Capital Management Ltd now owns 304,009 shares of the semiconductor company's stock worth $3,697,000 after buying an additional 216,863 shares in the last quarter. Ffcm LLC raised its position in Cypress Semiconductor by 139.2% in the second quarter. Weiss Asset Management LP purchased a new position in Cypress Semiconductor during the third quarter worth about $243,000. IFP Advisors Inc raised its stake in Cypress Semiconductor by 13.3% during the second quarter. Finally, Pacer Advisors Inc. boosted its stake in Cypress Semiconductor by 13.5% in the third quarter. ING Groep NV acquired a new position in Cypress Semiconductor during the second quarter worth about $138,000. Finally, Thompson Davis & CO. Aperio Group LLC boosted its stake in shares of ON Semiconductor by 6.8% in the second quarter.
DC Films Restructuring in the Wake of 'Justice League' Disappointment
The report makes no mention of Johns being DC president, and says Johns still reports to DC president Diane Nelson. Expect all of this to be worked out by January once Hollywood rings in the new year.
COPYRIGHT VIOLATION NOTICE: This report was first reported by StockNewsTimes and is the property of of StockNewsTimes. If you are reading this report on another domain, it was illegally copied and reposted in violation of US and worldwide copyright and trademark law. The Power Solutions Group offers a range of discrete, module and integrated semiconductor products. The Company's segments include Microcontroller and Connectivity Division (MCD), and Memory Products Division (MPD).
After Rocket Strikes On Territory, Israel Retaliates With Attacks On Gaza Posts
Ismail Haniyeh, the top leader of the Gaza-ruling terror group Hamas, called for a violent Palestinian uprising on Thursday. Shortly afterwards, the army fired a tank shell into a Palestinian land, in Juhr ed-Deek area, southeast of Gaza city.