The Cypress Semiconductor Corporation (NASDAQ:CY) is going down by -0.87% in today’s trading session, a fall equivalent to -0.2% of the stock’s price from yesterday’s market close. A news came out on 08/06/19 stating that Cypress Announces Quarterly Cash Dividend and Schedules Stockholder Vote on Merger With Infineon by WSJ. The lowest point that the shares touched during the trading session was $22.735, while the peak of the day was recorded at a share price of $22.90. CY finished the previous session at $22.86 according to the data provided by Barchart, while the trading volume was observed to be $1,728,833.
In the 100 days of trading, CY managed to top a 19.17% Moving average. Additionally, Cypress Semiconductor Corporation shares have achieved a 52-week range between 11.75 and 23.11 alongside 100 days raw stochastic set at 94.38%.
The number of shares outstanding, according to the fundamentals of the company, is set at 367.53M, equal to the value of $8.40B in market capitalization. Financial analysts indicate that CY shares should be still ranked as a “Hold”. In the last 30 days, Cypress Semiconductor Corporation shares went down by -1.99%, adding 23.11 to growth in value, on top of a +1.66% boost since 07/09/19.
Cypress Semiconductor Corporation (NASDAQ:CY) Analyst’s Estimates
Cypress Semiconductor Corporation (CY) could record at least $0.30 per share in quarterly earnings in the upcoming report on 10/24/2019, a number that would actually represent an increase of 11.38% YOY.
According to the average analyst rating, Cypress Semiconductor Corporation would be rated as 2.91. Out of 11 different analysts monitoring CY stock, 0 analysts rate the stock as a BUY, 10 suggest to give the rating of HOLD, 1 indicate that CY is an OUTPERFORM, 0 rated the stock as a SELL, and 0 analyst believes that the stock should be rated as UNDERPERFORM.
On Jun-04-19, the stock earned a Downgrade rating due to a new analyst call from Mizuho, while analysts from Morgan Stanley believe that the stock is set at Equal-Weight from Underweight, as concluded on May-30-19. Craig Hallum, is still rather wary about the stock, deciding to keep the rating at Buy as confirmed through a call on Apr-26-19.
Regardless of the rating, Craig Hallum did decrease their price from $20 to $18 as they are considering target share price analysis. Craig Hallum, on the other hand, provided a rather enthusiastic opinion on the rating, concluded in an analyst call on Oct-26-18, giving the stock a Buy rating.
CY Key Ratios To Watch:
Taking in account the profitability of the Company, gross profit margin of +36.90% has been attained, while the operating margin has been recorded at +7.21%. The firm is also showcasing profitability through returns on assets in the company’s ownership, with ROA set at 9.81%. Beta value of the stock is recorded at 1.86. Additionally, Cypress Semiconductor Corporation is recording price volatility of 0.85% for the period of the last seven days and 0.69% in the last 30 days.
Cypress Semiconductor Corporation (NASDAQ:CY) Technical Outlook
For the period of the last 50 days, Cypress Semiconductor Corporation had its Raw Stochastic average set at 91.84% for the latest technical analysis. In comparison to the period of the last 20 days, the present Raw Stochastic average for the last 50 days poses as improvement, set at 44.58%. Stochastic %K for Cypress Semiconductor Corporation, with the last 20 days included, was set at 56.63%, having Stochastic %D topping 57.53%. Based on the previous performance of the company for the mentioned period, there are more than several recorded moving trends. When it comes to the period of the last 12 months, accounting the time for year-to-date, price performance appears to be encouraging for Cypress Semiconductor Corporation stocks with recording 27.42% in metrics.
Cypress Semiconductor Corporation Insider Watch:
As far as the position of shares issued by Cypress Semiconductor Corporation (NASDAQ:CY) for the period concluded at the market close of 08/08/19, 201 institutional investors increased their positions in CY shares by 31,041,488, 211 decreased positions by 36,590,586 and 56 institutional investors decided to hold positions at 225,885,819. These numbers put the complete list of institutional holdings set at 293,517,893 shares, in accordance with filings submitted to the Securities and Exchange Commission. The stock had another 63 institutional investments with 5,922,863 new shares in addition to having 68 institutional investors selling their positions in 5,593,915 shares.