Cypress Semiconductor Corporation (NASDAQ:CY) Lifted to B- at TheStreet

Gladys Abbott
August 10, 2017

MagnaChip Semiconductor Corporation is a designer and maker of analog and mixed-signal semiconductor products for consumer, computing, communication, industrial, automotive and Internet of Things applications.

5 year sales growth rate is an important factor for valuation analysis, the 5 year sales growth of Cypress Semiconductor Corporation (CY) stands at 14.08 while the industry's and the sector's growth for next 5 years ticked at -0.09 and 5.23 respectively. Granite Point Capital Management L.P. purchased a new position in shares of MagnaChip Semiconductor Corporation during the first quarter valued at about $287,000. The firm is expected to report its next earnings report on Thursday, October 26th. Topeka Capital Markets has "Buy" rating and $14 target. Citigroup Inc. assumed coverage on shares of MagnaChip Semiconductor Corporation in a report on Wednesday, May 10th. A month ago, analyst EPS consensus estimated earnings of US$0.21 per share. The company had revenue of $166.70 million during the quarter, compared to the consensus estimate of $165 million. Cypress Semiconductor Corporation had a negative net margin of 6.04% and a positive return on equity of 6.27%. The current market value of the company is $11.06B. Jnba Advisors invested in 1,685 shares or 0% of the stock.

A number of other research analysts also recently issued reports on the company. The original version of this piece can be read at The stock of Magnachip Semiconductor Corp (NYSE:MX) earned "Buy" rating by Needham on Friday, January 13.

MagnaChip Semiconductor Corporation had its "neutral" rating reiterated by analysts at Citigroup. The stock of Magnachip Semiconductor Corp (NYSE:MX) earned "Buy" rating by Topeka Capital Markets on Friday, August 7.

According to the latest research reports released, 0 analysts have issued a rating of "buy", 2 analysts "outperform", 1 analysts "hold", 0 analysts "underperform" and 0 analysts "sell". Rubric Capital Management LP now owns 1,700,000 shares of the semiconductor company's stock worth $16,235,000 after buying an additional 100,000 shares during the period.

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Cypress Semiconductor Corporation (NASDAQ CY) opened at 14.03 on Friday. Cypress Semiconductor Corporation has a one year low of $9.63 and a one year high of $15.11. The stock of Dun & Bradstreet Corp (NYSE:DNB) earned "Underweight" rating by Barclays Capital on Friday, February 10. The firm's stock has a market capitalization of $4.72 bln. Shareholders of record on Thursday, September 28th will be given a $0.11 dividend. The ex-dividend date of this dividend is Wednesday, September 27th.

Since March 12, 2017, it had 0 insider purchases, and 3 selling transactions for $813,603 activity. Cypress Semiconductor Corporation's dividend payout ratio is now -110.00%.

Several hedge funds and other institutional investors have recently bought and sold shares of CY. The stock was sold at an average price of $14.10, for a total value of $3,526,057.50. Following the transaction, the executive vice president now owns 302,657 shares in the company, valued at $4,267,463.70. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Craig Hallum's price target would suggest a potential upside of 45.67% from the company's previous close. Following the completion of the transaction, the director now directly owns 89,997 shares of the company's stock, valued at $1,197,860.07. Following the completion of the sale, the director now owns 69,124 shares of the company's stock, valued at $968,427.24. The disclosure for this sale can be found here. The stock built a change of 14.75% as of a recent closing trading date. It dropped, as 35 investors sold CY shares while 93 reduced holdings. Nisa Investment Advisors LLC increased its stake in shares of Cypress Semiconductor Corporation by 80.2% in the first quarter. D E Shaw And Company Inc holds 0.01% of its portfolio in Magnachip Semiconductor Corp (NYSE:MX) for 790,344 shares. Rice Hall James & Associates LLC increased its stake in shares of Cypress Semiconductor Corporation by 94.7% in the first quarter. ClariVest Asset Management LLC now owns 9,121 shares of the semiconductor company's stock worth $126,000 after buying an additional 4,600 shares during the last quarter. Teachers Retirement System of The State of Kentucky's holdings in Cypress Semiconductor Corporation were worth $814,000 at the end of the most recent quarter. JPMorgan Chase & Co. now owns 7,947,488 shares of the semiconductor company's stock worth $108,483,000 after buying an additional 5,658,750 shares during the period. Finally, Commerzbank Aktiengesellschaft FI bought a new stake in Cypress Semiconductor Corporation during the second quarter worth $195,000. Company insiders own 0.69% of the company's stock.

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