The 9 months bullish chart indicates low risk for the $5.18 billion company. It closed at $63.61 lastly. ON Semiconductor Corp (NASDAQ:ON) has risen 70.76% since October 10, 2016 and is uptrending. Cypress Semiconductor Corporation earnings have declined with an annualized rate of -34.4% over the last 5 years. The company has market cap of $8.14 billion. Insiders have acquired a total of 60,000 shares of company stock valued at $834,100 in the last 90 days.
Technical traders may be staring at recent indicator levels on shares of Cypress Semiconductor Corporation (CY). Cypress Semiconductor Corporation has a 52-week low of $9.63 and a 52-week high of $15.72. It has outperformed by 54.06% the S&P500. One investment analyst has rated the stock with a sell rating, six have given a hold rating, thirteen have assigned a buy rating and two have issued a strong buy rating to the company's stock. Therefore 55% are positive.
A number of equities research analysts have issued reports on the company. The firm has "Hold" rating by RBC Capital Markets given on Thursday, July 20. Looking further out we can see that the stock has moved 35.75% over the year to date. Stifel Nicolaus has "Buy" rating and $15 target. The rating was initiated by CLSA with "Outperform" on Wednesday, May 25. The correct version of this report can be accessed at https://stocknewstimes.com/2017/10/09/cypress-semiconductor-co-cy-stock-rating-reaffirmed-by-needham-company-llc.html. RBC Capital Markets has "Buy" rating and $8600 target. The stock of Cypress Semiconductor Corporation (NASDAQ:CY) earned "Equal-Weight" rating by Morgan Stanley on Monday, July 18. The company was maintained on Friday, July 29 by Craig Hallum. Sterne Agee CRT upgraded the shares of LC in report on Wednesday, November 18 to "Buy" rating.
Investors sentiment increased to 1.29 in Q2 2017. Its up 0.23, from 1.27 in 2017Q1.
Several hedge funds and other institutional investors have recently bought and sold shares of the company. 49 funds opened positions while 128 raised stakes. Comerica Bankshares has 294,954 shares. Captrust Fin Advisors reported 1,700 shares. Teacher Retirement Sys Of Texas invested 0% in Cypress Semiconductor Corporation (NASDAQ:CY). Thomas White Intll invested in 0.09% or 9,400 shares. Reaves W H stated it has 152,368 shares. Nomura Incorporated accumulated 0.01% or 231,274 shares. Lazard Asset Management Ltd holds 7.63M shares.
While considering EPS estimates of the company, it has next quarter growth estimates of 0.24 whereas during current year it has 0.8 estimations over growth, comparing to the estimations of 1.13 during next year. This translates into $168.62 million profit for ON giving the stock a 12.07 P/E. After $0.13 actual earnings per share reported by Cypress Semiconductor Corporation for the previous quarter, Wall Street now forecasts 23.08% EPS growth. Nasdaq.com's article titled: "Here's Why On Semiconductor (ON) Should Be in Your Portfolio" and published on October 09, 2017 is yet another important article. Unilever PLC is given 0 equivalent recommendations, 0 sells and 1 holds. FMR LLC boosted its holdings in shares of Cypress Semiconductor Corporation by 310.3% in the 2nd quarter.
ON Semiconductor Corporation (NASDAQ:ON) has a 20-day RSI of 74.49%. Stifel Nicolaus maintained the shares of ON in report on Tuesday, September 26 with "Buy" rating. BidaskClub upgraded ON Semiconductor Corp from a "buy" rating to a "strong-buy" rating in a report on Tuesday, October 3rd. The stock is a Buy among 8 brokerage firms polled by Factset Research. That's a potential 10.69 increase relative to where Cypress Semiconductor Corporation (NASDAQ:CY) has been trading recently. Pacific Crest downgraded the stock to "Sector Weight" rating in Tuesday, May 10 report. The firm has "Buy" rating by Bank of America given on Monday, December 19. The firm earned "Buy" rating on Monday, August 7 by Susquehanna. As per Friday, July 31, the company rating was initiated by Canaccord Genuity.
On a weekly basis, the stock is 1.44%.
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