In a report issued on April 26, Rajvindra Gill from Needham maintained a Buy rating on Cypress Semicon (CY), with a price target of $20. The company’s shares closed on Friday at $17.30.
According to TipRanks.com, Gill is a 5-star analyst with an average return of 12.1% and a 59.1% success rate. Gill covers the Consumer Goods sector, focusing on stocks such as Sequans Communications S A, Everspin Technologies Inc, and Smart Global Holdings Inc.
The word on The Street in general, suggests a Strong Buy analyst consensus rating for Cypress Semicon with a $19.11 average price target, which is a 10.5% upside from current levels. In a report issued on April 21, Roth Capital also maintained a Buy rating on the stock with a $20 price target.
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Based on Cypress Semicon’s latest earnings release for the quarter ending December 31, the company reported a quarterly net profit of $267 million. In comparison, last year the company had a net profit of $9.08 million.
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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.
