Mizuho Increases Cypress Semiconductor Co. (CY) Price Target to $16.00

Elizabeth Williams
April 27, 2017

The firm earned $530.17 million during the quarter, compared to analyst estimates of $525.63 million. Magnachip Semiconductor Corp has a 52 week low of $4.71 and a 52 week high of $9.70. The company is estimating to achieve earnings per share (EPS) growth of 406.70% in this year and the earnings per share (EPS) growth expected to be 16.84% in the next year. As per Thursday, September 29, the company rating was initiated by TH Capital.

Among 6 analysts covering Semtech (NASDAQ:SMTC), 4 have Buy rating, 0 Sell and 2 Hold.

Other research analysts also recently issued research reports about the stock.

In case of Revenue Estimates, 511300 analysts have provided their consensus Average Revenue Estimates for Cypress Semiconductor Corporation as 11000.

Relative strength index (RSI-14) for Cypress Semiconductor Corporation (CY) is at 61.18. KeyCorp reissued an "overweight" rating and issued a $15.00 price target on shares of ON Semiconductor Corp in a research report on Wednesday, December 28th. The Return on Investment (ROI) is at 5.9% while it's Return on Equity (ROE) value stands at 10.5%. The company's 5 year Earnings per share growth and Capital Spending growth remains at 0 and -6.55.

CY has been the topic of several research analyst reports.

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Recently analysts working for various investment brokerages have changed their ratings and price targets on shares of MagnaChip Semiconductor Corporation (NYSE:MX). The biggest holder now is Mr. Thurman J. Rodgers who owns 10,112,234 shares (3.07% of those outstanding), whilst John H. Kispert holds 1,149,316 (0.35% of shares outstanding) and Brad W. Buss holds 984,238 (0.30% of shares outstanding). Hourglass Capital LLC now owns 804,470 shares of the semiconductor company's stock valued at $9,782,000 after buying an additional 153,200 shares during the last quarter. Needham & Company LLC reiterated a "buy" rating and issued a $10.00 price objective on shares of Magnachip Semiconductor Corp in a research report on Friday, February 10th. A rating of 4 or 5 would represent a Sell recommendation.

A stock rating usually tells investors how well a stock's market value relates to what analysts think is a fair value for the stock, based on an independent evaluation of the company. Goldman Sachs Group Inc raised shares of ON Semiconductor Corp from a "neutral" rating to a "buy" rating and boosted their price target for the company from $12.00 to $15.00 in a research report on Wednesday, January 4th.

The company reported an impressive total revenue of 1.92 Billion in the last fiscal year. The analysts estimated sales for the higher end at 542.1 million and lower end at 521 million while the year ago reported sale was 476 million. The stock's average target of $31.73 is -21.77% below today's ($40.56) share price. Stockholders of record on Thursday, March 30th were paid a $0.11 dividend. Credit Suisse maintained Alder Biopharmaceuticals Inc (NASDAQ:ALDR) on Tuesday, March 29 with "Outperform" rating. Waddell & Reed Investment Management Co is the second biggest holder with 17 million shares now valued at 199.19 million whilst BlackRock Fund Advisors has 14 million shares valued at 156.78 million. They now have a United States dollars 24 price target on the stock. Following the completion of the sale, the director now owns 118,538 shares in the company, valued at approximately $1,680,868.84. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. The company has market cap of $4.70 billion. It fall, as 13 investors sold Semtech Corporation shares while 66 reduced holdings.

Magnachip Semiconductor Corp (NYSE:MX) last released its earnings results on Thursday, February 9th. Creative Planning now owns 22,348 shares of the semiconductor company's stock worth $272,000 after buying an additional 502 shares during the last quarter.

The performance for week is 2.86% and the performance for quarter is at 0.16%. 3,810,871 shares of the stock traded hands. The stock of Cypress Semiconductor Corporation (NASDAQ:CY) has "Buy" rating given on Friday, October 23 by Topeka Capital Markets. Oregon Public Employees Retirement Fund now owns 112,855 shares of the semiconductor company's stock valued at $1,372,000 after buying an additional 2,149 shares during the period. Finally, Nationwide Fund Advisors raised its stake in shares of Cypress Semiconductor by 6.7% in the third quarter. The company had a trading volume of 2,645,998 shares.

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