(CY) Stock Rating Reaffirmed by Needham & Company LLC
Oct 12 2017
The stock traded within a range of $19.21 and $19.82.
A number of other brokerages also recently issued reports on CY. The stock of ON Semiconductor Corp (NASDAQ:ON) has "Equal-Weight" rating given on Tuesday, August 8 by Morgan Stanley. Zacks Investment Research upgraded ON Semiconductor Corp from a "sell" rating to a "hold" rating and set a $18.00 target price on the stock in a report on Wednesday, February 15th. One equities research analyst has rated the stock with a sell recommendation, six have assigned a hold recommendation, thirteen have given a buy recommendation and two have assigned a strong buy recommendation to the company.
Cypress Semiconductor Corporation had its "buy" rating reiterated by analysts at Needham & Company.
Cypress Semiconductor (NASDAQ:CY) last issued its quarterly earnings results on Thursday, July 27th. ON Semiconductor Corporation has a 12 month low of $10.74 and a 12 month high of $19.82. After a recent spot-check, the stock has touched $14.82 which represents a change from the open of -0.50%. The company operates in the Technology sector with a market capitalization of 8.12 Million. That's a potential 0.62 increase relative to where ON Semiconductor Corporation (NASDAQ:ON) has been trading recently.
In related news, insider Bernard Raymond Colpitts, Jr. sold 2,490 shares of the firm's stock in a transaction that occurred on Wednesday, August 9th. The company had revenue of $593.80 million for the quarter, compared to the consensus estimate of $546.82 million. The SI to Cypress Semiconductor Corporation's float is 9.75%. The firm's revenue was up 11.6% compared to the same quarter past year. ON Semiconductor Corporation now has an average analyst recommendation of 2.10 according to analysts.
ILLEGAL ACTIVITY WARNING: This report was first reported by StockNewsTimes and is the property of of StockNewsTimes. The firm has "Buy" rating by Craig Hallum given on Tuesday, August 29. The days to cover increased to 6.0 and the percentage of shorted shares is 0.02% as of August 31. The stock was sold at an average price of $18.90, for a total value of $299,527.20. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. The stock was sold at an average price of $16.31, for a total transaction of $40,611.90.
The top 5 institutional holders, in ascending order, are as follows: BLACKROCK INC. with 27.85 million shares, VANGUARD GROUP INC with 27.24 million shares, WADDELL & REED FINANCIAL INC with 17.44 million shares, FMR LLC with 12.37 million shares, and TCW GROUP INC with 11.83 million shares. The disclosure for this purchase can be found here.
The company now has an insider ownership of 1.7 Percent and Institutional ownership of 0 Percent. Hedge funds and other institutional investors own 97.06% of the company's stock. FMR LLC boosted its stake in ON Semiconductor Corp by 25.4% in the fourth quarter. The Hoplite Capital Management Lp holds 699,278 shares with $77.17 million value, down from 1.03M last quarter. IFP Advisors Inc increased its holdings in Cypress Semiconductor Corporation by 13.3% during the 2nd quarter. When looking at the past five sessions, the stock returned 1.44% gains and is up by 15.47% compared with its 200-day moving average of $13.89. Income Research & Management bought a new position in shares of ON Semiconductor Corp during the fourth quarter valued at $1,800,000. ClariVest Asset Management LLC now owns 9,121 shares of the semiconductor company's stock worth $126,000 after purchasing an additional 4,600 shares in the last quarter.
04/10/2017 - Cypress Semiconductor Corporation was upgraded to "buy" by analysts at SunTrust. Norges Bank bought a new position in shares of ON Semiconductor Corp during the fourth quarter valued at $49,822,000. The Power Solutions Group offers a range of discrete, module and integrated semiconductor products. The Company is a provider of customizable smart connectivity solutions based on its low power field programmable gate array (FPGA), video application specific standard product (ASSP), 60 gigahertz millimeter wave, and IP products to the consumer, communications, industrial, computing and automotive markets across the world.