Analysts Review on Target Price: Cypress Semiconductor Corporation (NASDAQ:CY)

Cypress Semiconductor Corporation (NASDAQ:CY) shares traded -2.71% during the most recent session the stock exchanged hands 13.81M shares versus average trading capacity of 8.28M shares, yielding a market cap of $4.47B. Wall Street analysts covering the stock are projecting that the stock will reach $15.58 within the next 52-weeks. The mean target projections are based on 13 opinions, the mean target was last revised on 04/28/17.

Taking a broader look brokerage firms’ analysts on the street with an expectant view have Cypress Semiconductor Corporation (NASDAQ:CY) high price target of $18.00 and with a conservative view have low price target of $12.00 with a standard deviation of $2.83. If seeing target price from optimistic overview then it has a 28 percent upside potential from the latest closing price of $14.01.

Cypress Semiconductor Corporation (NASDAQ:CY) received “Upgrade” rating by SunTrust in a research note issued to investors on Apr-10-17 from Neutral to Buy.

Additionally on Mar-30-17 Cypress Semiconductor Corporation (NASDAQ:CY) was “Downgraded” by Morgan Stanley from Equal-Weight to Underweight and on Mar-29-17 the stock was “Reiterated” by Craig Hallum as Buy from $15 to $17. Furthermore on Mar-29-17 the stock was “Initiated” by KeyBanc Capital Mkts as Overweight.

On the other hand the company has Relative Strength Index (RSI 14) of 53.37 along with Average True Range (ATR 14) of 0.46, Consequently Cypress Semiconductor Corporation (NASDAQ:CY) weekly and monthly volatility is 3.64%, 2.87% respectively. The company’s beta value is at 1.96.

In terms of Buy, Sell or Hold recommendations, Cypress Semiconductor Corporation (NASDAQ:CY) has an analysts’ mean recommendation of 2.40. This is according to a simplified 1 to 5 scale where 1 represents a Strong Buy and 5 a Strong Sell.

Analysts who have weighed in on projected earnings growth are expecting that Cypress Semiconductor Corporation (NASDAQ:CY) will report earnings of $0.16 for the current quarter, however the company’s high EPS estimates are $0.19 and low estimates are $0.14. However the company reported $0.12 earnings per share for the same quarter during last year.

Previously Cypress Semiconductor Corporation (NASDAQ:CY) reported $0.08 earnings per share (EPS) for the quarter on 4/27/2017 After Market Close, beating the consensus estimate of $0.02 by $0.06. The company posted an earnings surprise of 300.00%.

While considering growth estimates of the company, it has next quarter growth estimates of 33.30% whereas during current quarter it has 33.30% estimations over growth, comparing to the estimations of 38.80% during current year and 42.60% for next year. Past 5 years growth of Cypress Semiconductor Corporation (NASDAQ:CY) observed at -0.17%, looking forward for the next 5 years it has a strong prediction of 58.80% over growth.

Cypress Semiconductor Corporation (NASDAQ:CY) revenue estimates for the current quarter are $534.22M according to 11 number of analysts, for the current quarter the company has high revenue estimates of $542.1M in contradiction of low revenue estimates of $521M. For the current year the company’s revenue estimates are $2.15B compared to low analyst estimates of $2.09B and high estimates of $2.23B according 13 number of analysts.

Currently Cypress Semiconductor Corporation (NASDAQ:CY) shares owned by insiders are 0.40%, whereas shares owned by institutional owners are 94.20%. However the six-month change in the insider ownership was recorded -9.74%, as well as three-month change in the institutional ownership was recorded 0.84%.

Cypress Semiconductor Corporation (NASDAQ:CY) trading -6.48% away from its 52 week high of $14.98 and +64.86% far from the stock’s low point over the past 52 weeks, which was $8.50. The stock hit its 52-week high on 03/28/17, and 52-week low on 05/02/16. The company’s trailing twelve month income is -686.30M dollars and is paying 3.14% dividend yield annually.

Cypress Semiconductor Corporation (NASDAQ:CY) trailing twelve month revenues are $1.92B, whereas its price to sales ratio for the same period is 2.46. Its book value per share for the most recent quarter is $5.68 while its price to book ratio for the same period is 2.47. The stock has a current PEG ratio of 0.36 where as its trailing twelve month P/E ratio is -7.14.

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