Susquehanna analyst Christopher Rolland reiterated a Buy rating on Cypress Semicon (CY) today and set a price target of $20. The company’s shares closed yesterday at $15.94.
According to TipRanks.com, Rolland is a 5-star analyst with an average return of 10.3% and a 61.9% 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 $19.25.
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Based on Cypress Semicon’s latest earnings release for the quarter ending March 31, the company reported a quarterly net profit of $19.71 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.
