Mizuho Securities Keeps Their Buy Rating on Cypress Semicon

By Carrie Williams

In a report released yesterday, Vijay Rakesh from Mizuho Securities reiterated a Buy rating on Cypress Semicon (NASDAQ: CY), with a price target of $20. The company’s shares closed yesterday at $16.87, close to its 52-week high of $17.42.

According to TipRanks.com, Rakesh is a top 25 analyst with an average return of 31.0% and a 74.3% success rate. Rakesh covers the Consumer Goods sector, focusing on stocks such as Advanced Micro Devices, NXP Semiconductors, and Skyworks Solutions.

Cypress Semicon has an analyst consensus of Strong Buy, with a price target consensus of $20.29.

The company has a one-year high of $17.42 and a one-year low of $10.99. Currently, Cypress Semicon has an average volume of 5.94M.

Based on the recent corporate insider activity of 52 insiders, corporate insider sentiment is negative on the stock.

TipRanks has tracked 36,000 company insiders and found that a few of them are better than others when it comes to timing their transactions. See which 3 stocks are most likely to make moves following their insider activities.

Cypress Semiconductor Corp. designs, develops, manufactures and markets a broad range of high-performance solutions for embedded systems, from automotive, industrial and networking platforms to highly interactive consumer devices. Its programmable systems-on-chip, general-purpose microcontrollers, analog ICs, wireless and USB-C based connectivity solutions and memories help engineers design differentiated products. The company operates through the following segments: Microcontroller and Connectivity Division (MCD), and Memory Products Division (MPD). The MCD segment focuses on microcontroller (MCU), analog and wireless and wired connectivity solutions. The portfolio includes Traveo automotive MCUs, PSoC programmable system-on-chip MCUs, ARM Cortex-M4, -M3, -M0+ MCUs and R4 CPUs, analog PMIC Power Management ICs, CapSense capacitive-sensing controllers, TrueTouch touchscreen and fingerprint reader products, Wi-Fi, Bluetooth, Bluetooth Low Energy and ZigBee radios and WICED development platform for the Internet of Things, and USB controllers, including solutions for the USB-C and USB Power Delivery standards. This segment also includes intellectual property foundry business. The MPD segment focuses on parallel and serial NOR flash memories, NAND flash memories, static random access memory, F-RAM ferroelectric memory devices and other specialty memories. Cypress Semiconductor was founded by Thurman John Rodgers in December 1982 and is headquartered in San Jose, CA.