Merrill Lynch Reaffirms Their Buy Rating on Cypress Semicon (CY)


Merrill Lynch analyst Vivek Arya maintained a Buy rating on Cypress Semicon (CY) yesterday and set a price target of $18. The company’s shares closed yesterday at $15.16.

According to TipRanks.com, Arya is a 5-star analyst with an average return of 16.3% and a 58.3% success rate. Arya covers the Consumer Goods sector, focusing on stocks such as Texas Instruments, Maxim Integrated, and Broadcom.

The word on The Street in general, suggests a Strong Buy analyst consensus rating for Cypress Semicon with a $16.58 average price target, which is a 9.4% upside from current levels. In a report released today, MKM Partners also maintained a Buy rating on the stock with a $18 price target.

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Cypress Semicon’s market cap is currently $5.48B and has a P/E ratio of 15.91. The company has a Price to Book ratio of 2.59.

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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.

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