Cypress Semiconductor Corporation (NASDAQ:CY) Short Interest Update

Galtero Lara
Enero 13, 2018

The stock of Cypress Semiconductor Corporation (NASDAQ:CY) has "Buy" rating given on Thursday, June 22 by Mizuho.

A number of other analysts have also recently commented on the stock. One analyst has rated the stock with a sell rating, eight have assigned a hold rating, thirteen have issued a buy rating and one has issued a strong buy rating to the company's stock. Finally, Zacks Investment Research cut ON Semiconductor Corporation from a hold rating to a sell rating in a report on Thursday, January 19th. Loop Capital reissued a "buy" rating and set a $17.00 target price on shares of Cypress Semiconductor in a research report on Tuesday, August 22nd. They issued a "positive" rating and a $20.00 price target for the company. Its down 7.14% from 20.43M shares, reported previously. On Thursday, October 26 the stock rating was maintained by Bank of America with "Buy". The company has an average rating of "Buy" and a consensus target price of $22.26.

ON Semiconductor Corp (NASDAQ:ON) traded up $0.49 during midday trading on Friday, reaching $23.57. With 700 avg volume, 11874 days are for LADBROKES PLC ORD (OTCMKTS:LDBKF)'s short sellers to cover LDBKF's short positions.

Analysts believe that the company has the potential to earn average revenue of $1.35 Billion for the current quarter. The company has a market cap of $5,700.00, a P/E ratio of -42.68, a P/E/G ratio of 1.91 and a beta of 2.01. ON Semiconductor Corporation has a 52-week low of $6.97 and a 52-week high of $14.00.

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Cypress Semiconductor (NASDAQ:CY) last released its quarterly earnings data on Thursday, October 26th. Comerica Bank boosted its position in ON Semiconductor by 3.6% in the 2nd quarter. Cypress Semiconductor Corp now has $5.70B valuation. The company's quarterly revenue was up 14.0% on a year-over-year basis. analysts expect that Cypress Semiconductor will post 0.56 earnings per share for the current fiscal year.

ON Semiconductor Corp (NASDAQ:ON) VP Paul E. Rolls sold 16,899 shares of the business's stock in a transaction that occurred on Tuesday, January 2nd. About 6.45M shares traded or 9.96% up from the average. Following the transaction, the executive vice president now directly owns 172,105 shares in the company, valued at $2,714,095.85. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. The stock was sold at an average price of $15.51, for a total transaction of $46,530.00. The disclosure for this sale can be found here. Maplelane Capital Lc owns 1 shares or 0% of their USA portfolio.

A number of hedge funds have recently modified their holdings of the business. Simcoe Capital Management LLC bought a new position in ON Semiconductor during the second quarter worth $25,182,000. Coatue Management LLC bought a new position in ON Semiconductor during the second quarter worth $68,740,000. ProShare Advisors LLC raised its stake in Cypress Semiconductor by 0.3% during the second quarter. 0 analysts gave its stock an Outperform rating. Moreover, Tci Wealth has 0% invested in Cypress Semiconductor Corporation (NASDAQ:CY) for 317 shares. Bank of Montreal Can now owns 20,158 shares of the semiconductor company's stock worth $276,000 after purchasing an additional 324 shares during the period. Prudential Financial Inc. lifted its position in shares of ON Semiconductor by 33.9% during the 2nd quarter. Insiders sold 670,482 shares of company stock valued at $13,441,360 over the last quarter. If you are viewing this piece of content on another website, it was stolen and republished in violation of global trademark & copyright legislation. Over the past twelve months, Cypress Semiconductor Corporation (NASDAQ:CY)'s stock was 10.70%. 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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