After Needham and Roth Capital gave Cypress Semicon (NASDAQ: CY) a Buy rating last month, the company received another Buy, this time from Susquehanna. Analyst Christopher Rolland reiterated a Buy rating on Cypress Semicon today and set a price target of $20. The company’s shares closed yesterday at $16.18.
According to TipRanks.com, Rolland is a 5-star analyst with an average return of 12.4% and a 67.3% success rate. Rolland covers the Consumer Goods sector, focusing on stocks such as Power Integrations, Skyworks Solutions, and Texas Instruments.
Cypress Semicon has an analyst consensus of Strong Buy, with a price target consensus of $18.57, a 14.8% upside from current levels. In a report issued on April 12, Needham also maintained a Buy rating on the stock with a $20 price target.
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Cypress Semicon’s market cap is currently $5.85B and has a P/E ratio of 16.99. The company has a Price to Book ratio of 2.76.
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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.
