Cypress Semiconductor Corporation (CY) Formed Bullish Double Top Pattern; Buyers Could Thrive

Marco Green
September 13, 2017

The stock increased 3.96% or $2.36 during the last trading session, reaching $61.89. Chase Investment Counsel Corp now owns 91,155 shares of the semiconductor company's stock worth $1,279,000 after purchasing an additional 254 shares during the period.

Currently, the 14-day ADX for Cypress Semiconductor Corp (CY) is sitting at 17.39. Therefore 68% are positive.

Lattice Semiconductor Corporation was downgraded to "neutral" by analysts at Robert W. Baird.

Among 19 analysts covering Cypress Semiconductor Corporation (NASDAQ:CY), 13 have Buy rating, 1 Sell and 5 Hold. The firm earned "Buy" rating on Friday, April 29 by Craig Hallum. Cadence Capital Management LLC raised its position in ON Semiconductor Corporation by 2.9% in the fourth quarter. The stock has an average rating of "Buy" and a consensus target price of $16.75. The stock has "Equal-Weight" rating by Morgan Stanley on Monday, July 18. Needham maintained it with "Buy" rating and $10 target in Friday, January 29 report. The correct version of this piece of content can be read at https://www.dispatchtribunal.com/2017/09/13/on-semiconductor-corporation-on-rating-reiterated-by-needham-company-llc.html. Bank of Montreal Can now owns 20,158 shares of the semiconductor company's stock worth $276,000 after acquiring an additional 324 shares during the last quarter. The stock of Cypress Semiconductor Corporation (NASDAQ:CY) earned "Buy" rating by Craig Hallum on Friday, July 29. The firm has "Equal Weight" rating given on Tuesday, October 18 by Barclays Capital.

According to the latest research reports released, 0 analysts have issued a rating of "buy", 0 analysts "outperform", 4 analysts "hold", 0 analysts "underperform" and 0 analysts "sell". Therefore 32% are positive.

Several equities research analysts have issued reports on the stock. The rating was maintained by Cowen & Co with "Hold" on Wednesday, August 30. The rating was maintained by Mizuho on Tuesday, June 7 with "Neutral". (NYSE:DSW) earned "Neutral" rating by Buckingham Research on Tuesday, May 9.

The balance sheet health of any company plays a key role in its ability to meet its obligations and maintain the faith of its investment base. The stock has "Outperform" rating by Credit Suisse on Tuesday, November 17. The company was maintained on Tuesday, May 30 by Mizuho. The firm has "Buy" rating by Loop Capital Markets given on Friday, June 23. The rating was initiated by Bank of America on Monday, December 19 with "Buy".

Deprince Race & Zollo Inc increased Occidental Pete Corp Del (NYSE:OXY) stake by 118,528 shares to 797,107 valued at $56.78 million in 2016Q4. It also reduced Aetna Inc New (NYSE:AET) stake by 77,493 shares and now owns 1.39 million shares. Buckeye Partners LP (NYSE:BPL) was reduced too. After a recent check, the 14-day RSI for Cypress Semiconductor Corp is now at 57.38, the 7-day stands at 66.69, and the 3-day is sitting at 79.02.

The market capitalization of Cypress Semiconductor Corporation is at $4.65 Billion. The Company's segments include Packaging, Testing, EMS and Others.

The company's Average Earnings Estimate for the Current Fiscal quarter is $0.23, according to consensus of 13 analysts. MCD focuses on microcontroller (MCU), analog and wireless and wired connectivity solutions. Its up 7.33% from 8.31 million shares previously. Finally, Commonwealth of Pennsylvania Public School Empls Retrmt SYS boosted its stake in Cypress Semiconductor Corporation by 0.7% in the 1st quarter. It has outperformed by 22.75% the S&P500.

Since March 20, 2017, it had 0 insider purchases, and 2 insider sales for $798,539 activity. 6,385 shares were sold by KWON OC, worth $89,464. BENHAMOU ERIC had sold 50,000 shares worth $709,075.

Investors sentiment increased to 1.5 in Q4 2016. Its down 0.16, from 1.38 in 2016Q3. Calvert Invest Incorporated holds 0.01% in Cypress Semiconductor Corporation (NASDAQ:CY) or 17,224 shares. Stifel Financial Corp raised its position in ON Semiconductor Corporation by 96.1% in the second quarter. 290.57 million shares or 1.15% more from 287.28 million shares in 2016Q3 were reported. Valley National Advisers holds 25 shares. Ridgeworth Capital Management Limited Liability Corporation reported 70,329 shares or 0.08% of all its holdings. Brandywine Glob Investment Ltd Llc owns 191,015 shares or 0.03% of their USA portfolio. Jpmorgan Chase And stated it has 2.28 million shares. Paloma Mngmt Communications has invested 0.01% in Cypress Semiconductor Corporation (NASDAQ:CY). Cypress Semiconductor Corporation disclosed in a document filed with the US Securities and Exchange Commission (SEC) that Director Lego Catherine P has acquired 20,000 shares of Cypress Semiconductor Corporation (CY) in trading session dated Sep. Trexquant Lp accumulated 24,400 shares. Castleark Limited Liability Company, a Illinois-based fund reported 899,555 shares. Oppenheimer owns 25,637 shares for 0.01% of their portfolio. Point72 Asset Mgmt Limited Partnership holds 598,000 shares or 0.05% of its portfolio.

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