Large Outflow of Money Witnessed in Cypress Semiconductor Corporation

The rating is an average of the various different ratings given by analysts and brokers to Cypress Semiconductor Corporation, and then averaged into one rating by a team of analysts at Zacks in Chicago, Illinois. The company reported $0.17 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.16 by $0.01. Barclays started coverage on Cypress Semiconductor in a research report on Wednesday, July 1st. Cypress Semiconductor has a consensus rating of Buy and an average price target of $15.64. Post opening the session at $9.73, the shares hit an intraday low of $9.42 and an intraday high of $9.78 and the price vacillated in this range throughout the day.

Analysts are excepting quarterly earnings of $0.1 for Cypress Semiconductor Corporation (NASDAQ:CY) when the firm issues their results on or around .

Out of 11 analysts covering Cypress Semi, 8 rate it a Buy, 3 indicate a Hold while 1 suggest a Sell. They set an overweight rating and a $15.00 target price on the stock. The ratio dropped, as 48 funds sold all Cypress Semiconductor Corporation shares owned while 101 reduced positions. During the same period in the previous year, the company posted $0.16 earnings per share. The analyst with the most aggressive viewpoint sees the stock heading towards $21 within the next 12 months while the most bearish sees the shares going to $11 in that same timeframe. The 12-month mean target is $14.36, which means upside potential of 47.13% over the current price. Shares price moving up from its 20 days moving average with 8.88% and isolated negatively from 50 days moving average with -0.86%. 16,698,244 shares of the company were exchanged. The firm’s market cap is $3.44 billion. The business earned $470.10 million during the quarter, compared to analyst estimates of $480.06 million. Lattice Semiconductor Corporation has had a trading range between $7.66 and $3.25 over the past year, and it had a 50-day SMA of $n/a and a 200-day SMA of $n/a.

Cypress Semiconductor Corp. (NASDAQ:CY) announced a new $450 million stock repurchase program for the company’s common stock.

The firm also recently declared a quarterly dividend, which was paid on Thursday, October 15th. Investors of record on Thursday, September 24th were given a $0.11 dividend. The ex-dividend date was Tuesday, September 22nd. It caters to markets, including consumer, industrial, mobile handsets, computation, data communications, automotive and military. The Company’s offerings include PSoC 4, PSoC 3, PSoC 1 and PSoC 5LP programmable system-on-chip families. The Organization operates in four sections: Emerging Technologies Division, Memory Products Division, Data Communications Office and Programmable Systems Division. The Programmable Solutions Division designs and develops options for end-product manufacturing companies. The Memory Products Division designs and makes SRAM products and non volatile RAMs (NASDAQ:CY). The Information Communications Department concentrates on options for consumer, handset and industrial programs.