Cypress Semiconductor Corporation (CY) Receives "Buy" Rating from Needham & Company LLC

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In recent trading day Cypress Semiconductor Corporation (CY) stock showed the move of 0.19% with the closing price of $15.51. The company had revenue of $593.80 million during the quarter, compared to analysts' expectations of $546.82 million. Further, a diversified customer and product base coupled with improving end-markets has insulated the company against certain end-market and geographical demand volatility. Therefore 62% are positive. Moreover, growing demand and greater adoption of CMOS image sensor business and ADAS related applications have given ON Semi a significant growth opportunity in the automotive market. Year-to-date it jumped 35.75%. Also, it has an estimated price-earnings (P/E) multiple of 13.8. "However, leveraged balance sheet remains a concern". Goldman Sachs maintained it with "Neutral" rating and $13 target in Wednesday, October 26 report.

09/28/2017 - Cypress Semiconductor Corporation had its "buy" rating reiterated by analysts at Bank of America Merrill Lynch. Craig Hallum began coverage on ON Semiconductor Corp in a report on Monday, September 25th. They now have a $20.00 price objective on the semiconductor company's stock.

The share price of the company (NASDAQ:CY) was up +0.19%, with a high of 15.63 during the day and the volume of Cypress Semiconductor Corporation shares traded was 3557414.

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Recently, In a research report issued to clients and investors on 26 September, ON Semi (NASDAQ:ON) shares have had their Buy Rating reaffirmed by investment analysts at Stifel Nicolaus, who now has a $20.0 TP on company. The average investment rating for ON on a scale of 1 to 5 (1 being a strong sell and 5 being a strong buy) is a 4.40 or a Moderate Buy. They see Unilever PLC (UL) price hitting a mean target of $59 a share, meaning the stock still has potential that could lift the price another 3.36% Also, the recent close suggests the stock is underpriced by 19.31% compared to the most bullish target.

Ambev S.A. (NYSE:ABEV)posting a -0.61% after which it closed the day' session at $6.57 and sees an average of 16.90M shares trade hands in each session while it's while its relative trading volume is 0.30. The company's market capitalization is $5.17 billion. The company rocked its 52-Week High of $16 and touched its 52-Week Low of $9.63.

COPYRIGHT VIOLATION NOTICE: This news story was first published by Week Herald and is the sole property of of Week Herald. If you are viewing this story on another domain, it was stolen and reposted in violation of United States and worldwide trademark and copyright laws. Zacks Investment Research cut ON Semiconductor Corp from a "buy" rating to a "hold" rating in a research note on Wednesday, May 10th. The firm earned "Equal-Weight" rating on Thursday, June 2 by Stephens. The other 10 are split, though not evenly, between analysts who think you should buy its stock versus those who think you should sell it. Following the completion of the transaction, the director now owns 65,256 shares in the company, valued at approximately $918,151.92. The stock has seen its SMA50 which is now 2.70%. They now have a Dollars 13 price target on the stock. Sei holds 2.44M shares or 0.05% of its portfolio.

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Oc Kwon, Director disclosed the sale of 14,972 shares. Insiders have acquired a total of 60,000 shares of company stock valued at $834,100 in the last 90 days. For the quarter, shares are performing at 4.66%.

A statistical measure of the dispersion of returns (volatility) for CY producing salvation in Investors mouth, it has week volatility of 1.64% and for the month booked as 2.29%. Finally, Northpointe Capital LLC increased its stake in shares of Cypress Semiconductor by 69.2% in the 2nd quarter.

Investors sentiment increased to 1.5 in 2017 Q2. Envestnet Asset Management Inc. now owns 14,201 shares of the semiconductor company's stock worth $221,000 after purchasing an additional 3,502 shares during the period. Hedge funds and other institutional investors own 97.06% of the company's stock.

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ON Semiconductor Corporation offers a portfolio of sensors, power management, connectivity, custom and system on chip, analog, logic, timing, and discrete devices. The Company's segments include Microcontroller and Connectivity Division (MCD), and Memory Products Division (MPD). The Power Solutions Group offers a range of discrete, module and integrated semiconductor products.

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