They now have $18.00 target price on the semiconductor company's stock.
Several research firms have commented on ON. Barclays PLC raised Cypress Semiconductor Corporation from an "equal weight" rating to an "overweight" rating in a report on Friday, July 21st. Analysts giving shares a rating of 1 or 2 would be indicating a Buy. Credit Suisse Group lifted their price target on ON Semiconductor Corporation from $13.50 to $14.50 and gave the company an "underperform" rating in a research report on Tuesday, August 8th. Corporate insiders own 0.69% of the company's stock. World Asset Management Inc now owns 20,142 shares of the semiconductor company's stock worth $277,000 after buying an additional 639 shares during the period. Van ECK Associates Corp now owns 643,579 shares of the semiconductor company's stock worth $9,969,000 after acquiring an additional 238,036 shares during the period. In a transaction dated August 21, 2017, the shares were bought at an average price of $12.92, giving away a sum of $129,200. Also, Director J Daniel Mccranie acquired 30,000 shares of the company's stock in a transaction that occurred on Thursday, September 14th. Cypress Semiconductor Corporation's quarterly revenue was up 11.6% compared to the same quarter a year ago. The stock has a 50 day moving average price of $13.74 and a 200 day moving average price of $13.78. The stock appeared $15.11 above its 52-week highs and is up 3.74% for the last five trades. On average, equities research analysts expect that Cypress Semiconductor Corporation will post $0.80 EPS for the current fiscal year. The company presently has a consensus rating of Buy and a consensus price target of $17.47. During last 3 month period, 3.41% of total institutional ownership has changed in the company shares. IFP Advisors has an ownership of 7,614 stocks of the semiconductor firms shares valued at $105,000 following purchasing an extra 794 shares through out the quarter. They now have a Dollars 18 price target on the stock. If you are reading this news story on another publication, it was illegally stolen and republished in violation of United States & global copyright & trademark law. One research analyst has rated the stock with a sell rating, eight have issued a hold rating, thirteen have issued a buy rating and one has issued a strong buy rating to the company's stock.
Institutional investors and hedge funds have recently made changes to their positions in the business. ClariVest Asset Management LLC boosted its holdings in shares of Cypress Semiconductor Corporation by 101.7% in the first quarter. 684,899 shares of the company's stock were exchanged. The stock has a market capitalization of $7.39 billion, a P/E ratio of 25.80 and a beta of 1.98. The stock of Cypress Semiconductor Corporation (NASDAQ:CY) earned "Buy" rating by Sterne Agee CRT on Wednesday, September 9. The firm had revenue of $593.80 million for the quarter, compared to the consensus estimate of $546.82 million. The total number of shares traded in the last 90-day period is 1.94 million. To cut down amount of noise on price chart, shares of firm has 20 days moving average price of 6.59% from last close price of 14.54 and act as support or resistance of price limit. TheStreet raised shares of Cypress Semiconductor Corporation from a c rating to a b- rating in a research note on Thursday, July 27th.
The company also recently disclosed a quarterly dividend, which will be paid on Thursday, October 19th. The ex-dividend date is Wednesday, September 27th. The original version of this story can be viewed at https://www.dispatchtribunal.com/2017/09/20/on-semiconductor-corporation-on-downgraded-by-goldman-sachs-group-inc-the-to-neutral.html. The stock's Dividend Yield stands at 3.03%. The stock was sold at an average price of $14.10, for a total transaction of $3,526,057.50. Insiders own 1.60% of the company's stock. Amalgamated Bank now owns 59,332 shares of the semiconductor company's stock valued at $919,000 after buying an additional 393 shares during the period. Oakbrook Limited Liability Corp has invested 0.01% in Cypress Semiconductor Corporation (NASDAQ:CY). The disclosure for this purchase can be found here. Finally, ING Groep NV bought a new stake in shares of Cypress Semiconductor Corporation during the 2nd quarter worth $138,000. The Business's segments include Power Solutions Group, Analog Solutions Group and Image Sensor Group. MCD focuses on microcontroller (MCU), analog and wireless and wired connectivity solutions.