Mizuho Securities analyst Vijay Rakesh maintained a Hold rating on Cypress Semicon (CY) on July 26 and set a price target of $23.85. The company’s shares closed on Friday at $22.88, close to its 52-week high of $23.04.
According to TipRanks.com, Rakesh is a top 100 analyst with an average return of 21.2% and a 64.3% success rate. Rakesh covers the Consumer Goods sector, focusing on stocks such as Skyworks Solutions, Intel Corporation, and Texas Instruments.
The word on The Street in general, suggests a Hold analyst consensus rating for Cypress Semicon with a $23.06 average price target.
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The company has a one-year high of $23.04 and a one-year low of $11.75. Currently, Cypress Semicon has an average volume of 9.67M.
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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.
