Time to Reconsider Cypress Semiconductor Corporation (CY) After Reaching 52-Week High?

January 19, 2018 - By Hazel Jackson

Investors sentiment decreased to 1.08 in Q3 2017. Its down 0.42, from 1.5 in 2017Q2. It turned negative, as 34 investors sold Cypress Semiconductor Corporation shares while 109 reduced holdings. 51 funds opened positions while 104 raised stakes. 313.76 million shares or 0.67% more from 311.68 million shares in 2017Q2 were reported.
Connecticut-based Wexford Cap Ltd Partnership has invested 0.05% in Cypress Semiconductor Corporation (NASDAQ:CY). Cambridge Inv Incorporated accumulated 76,788 shares or 0.02% of the stock. Deroy And Devereaux Private Invest Counsel Incorporated stated it has 2.61% in Cypress Semiconductor Corporation (NASDAQ:CY). Moreover, Ellington Grp Ltd Co has 0.04% invested in Cypress Semiconductor Corporation (NASDAQ:CY). Pittenger & Anderson has invested 0% of its portfolio in Cypress Semiconductor Corporation (NASDAQ:CY). Nwq Company Ltd Limited Liability Company owns 2.05 million shares or 0.38% of their US portfolio. New Jersey Better Educational Savings holds 0.33% or 26,000 shares in its portfolio. Parsons Management Ri holds 0.1% or 57,400 shares. Neuberger Berman Gru Lc has invested 0.05% in Cypress Semiconductor Corporation (NASDAQ:CY). Bnp Paribas Arbitrage Sa holds 180,243 shares. 98,585 were reported by Ameritas Investment Prtn Inc. Symmetry Peak Mngmt Limited Liability Corporation reported 15,000 shares. Hanseatic Management reported 3,373 shares. Riverhead Cap Ltd Co holds 0.02% or 27,822 shares. California Public Employees Retirement System owns 1.25M shares.

Since August 1, 2017, it had 0 insider buys, and 5 insider sales for $5.23 million activity. GOPALSWAMY SUDHIR sold $51,232 worth of stock. $3.53M worth of stock was sold by NAZARIAN DANA on Friday, August 4. On Monday, October 16 Thad Trent sold $1.18 million worth of Cypress Semiconductor Corporation (NASDAQ:CY) or 74,818 shares.

The stock of Cypress Semiconductor Corporation (NASDAQ:CY) hit a new 52-week high and has $18.12 target or 4.00 % above today’s $17.43 share price. The 9 months bullish chart indicates low risk for the $5.81 billion company. The 1-year high was reported on Jan, 19 by Barchart.com. If the $18.12 price target is reached, the company will be worth $232.56M more.
The 52-week high event is an important milestone for every stock because it shows very positive momentum and is time when buyers come in. During such notable technical setup, fundamental investors usually stay away and are careful shorting or selling the stock.

The stock increased 0.96% or $0.165 during the last trading session, reaching $17.425. About 1.19 million shares traded. Cypress Semiconductor Corporation (NASDAQ:CY) has risen 39.45% since January 19, 2017 and is uptrending. It has outperformed by 22.75% the S&P500.

Analysts await Cypress Semiconductor Corporation (NASDAQ:CY) to report earnings on February, 1. They expect $0.18 earnings per share, up 200.00 % or $0.12 from last year’s $0.06 per share. CY’s profit will be $60.06M for 24.20 P/E if the $0.18 EPS becomes a reality. After $0.21 actual earnings per share reported by Cypress Semiconductor Corporation for the previous quarter, Wall Street now forecasts -14.29 % negative EPS growth.

Cypress Semiconductor Corporation (NASDAQ:CY) Ratings Coverage

Among 21 analysts covering Cypress Semiconductor Corporation (NASDAQ:CY), 14 have Buy rating, 1 Sell and 6 Hold. Therefore 67% are positive. Cypress Semiconductor Corporation has $21 highest and $8 lowest target. $16.24’s average target is -6.80% below currents $17.425 stock price. Cypress Semiconductor Corporation had 67 analyst reports since August 31, 2015 according to SRatingsIntel. The rating was maintained by Craig Hallum on Tuesday, August 29 with “Buy”. The rating was maintained by Bank of America on Thursday, October 26 with “Buy”. SunTrust maintained the shares of CY in report on Monday, March 7 with “Neutral” rating. SunTrust downgraded Cypress Semiconductor Corporation (NASDAQ:CY) on Friday, December 1 to “Hold” rating. The rating was downgraded by Morgan Stanley to “Equal-Weight” on Monday, July 18. The stock of Cypress Semiconductor Corporation (NASDAQ:CY) earned “Buy” rating by Craig Hallum on Wednesday, February 24. The firm has “Buy” rating given on Thursday, June 22 by Mizuho. The firm earned “Underweight” rating on Wednesday, December 13 by Morgan Stanley. The firm has “Buy” rating given on Friday, June 23 by Loop Capital Markets. The rating was maintained by Craig Hallum on Friday, April 29 with “Buy”.

More important recent Cypress Semiconductor Corporation (NASDAQ:CY) news were published by: Benzinga.com which released: “Citigroup, Cypress Semi, IBM: ‘Fast Money’ Picks For January 19” on January 19, 2018, also Fool.com published article titled: “Why Cypress Semiconductor Corporation Stock Soared 33.2% in 2017”, Nasdaq.com published: “Cypress Semiconductor Corporation (CY) Ex-Dividend Date Scheduled for December …” on December 26, 2017. More interesting news about Cypress Semiconductor Corporation (NASDAQ:CY) was released by: Fool.com and their article: “Where Will Cypress Semiconductor Corporation Be in 5 Years?” with publication date: December 21, 2017.

Cypress Semiconductor Corporation designs, develops, makes, markets, and sells embedded system solutions worldwide. The company has market cap of $5.81 billion. It operates in two divisions, Microcontroller and Connectivity Division and Memory Products Division. It currently has negative earnings. The Microcontroller and Connectivity Division provides microcontroller , analog, and wireless and wired connectivity solutions, including Traveo automotive MCUs; programmable system-on-chip MCUs; ARM Cortex-M4, -M3, and -M0+ MCUs; R4 CPUs; analog power management integrated circuits and energy harvesting solutions; CapSense capacitive-sensing controllers; TrueTouch touchscreen and fingerprint reader products; USB controllers comprising solutions for the USB-C and USB power delivery standards; and Wi-Fi, Bluetooth, Bluetooth low energy and ZigBee radios, and WICED development platforms for the Internet of things (IoT).

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