In a report issued on January 31, Karl Ackerman from Cowen & Co. maintained a Buy rating on Cypress Semicon (CY), with a price target of $18. The company’s shares closed on Friday at $14.79.
According to TipRanks.com, Ackerman is a 1-star analyst with an average return of -1.2% and a 37.5% success rate. Ackerman covers the Consumer Goods sector, focusing on stocks such as Ultra Clean Holdings, Skyworks Solutions, and Ichor Holdings Ltd.
Currently, the analyst consensus on Cypress Semicon is a Strong Buy with an average price target of $16.30, implying a 10.2% upside from current levels. In a report issued on January 17, Needham also maintained a Buy rating on the stock with a $16 price target.
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The company has a one-year high of $18.87 and a one-year low of $11.75. Currently, Cypress Semicon has an average volume of 4.83M.
Based on the recent corporate insider activity of 63 insiders, corporate insider sentiment is neutral on the stock.
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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.
