Cypress Semiconductor Corporation (NASDAQ:CY) announced that Executive Vice President of Finance and Chief Financial Officer Thad Trent and Vice President of Finance Rahul Mathur will discuss Cypress’s business and strategic outlook at three investor events in December.
First, Trent and Mathur will present at the Credit Suisse Annual Technology Conference on Tuesday, December 1, 2015, at 10:00 a.m. Mountain Timein Scottsdale, Arizona.
Second, Trent and Mathur will present at the Barclays Global Technology Conference on Tuesday, December 8, 2015, at 3:25 p.m. Pacific Time inSan Francisco, California.
Third, Mathur will present at the 2015 Wedbush California Dreamin’ Consumer Management Access Conference on Thursday, December 10, 2015 at10:20 a.m. Pacific Time in Santa Monica, California. (Original Source)
Shares of Cypress Semiconductor closed last Friday at $10.55, up $0.06 or 0.57%. CY has a 1-year high of $16.25 and a 1-year low of $8.11. The stock’s 50-day moving average is $10.10 and its 200-day moving average is $10.82.
On the ratings front, Cypress has been the subject of a number of recent research reports. In a report issued on November 12, Mizuho analyst Vijay Rakesh maintained a Buy rating on CY, with a price target of $18, which implies an upside of 70.6% from current levels. Separately, on October 23, Needham’s Rajvindra Gill reiterated a Buy rating on the stock and has a price target of $12.
According to TipRanks.com, which ranks over 7,500 financial analysts and bloggers to gauge the performance of their past recommendations, Vijay Rakesh and Rajvindra Gill have a total average return of 30.1% and 18.0% respectively. Rakesh has a success rate of 70.7% and is ranked #13 out of 3649 analysts, while Gill has a success rate of 59.5% and is ranked #40.
The street is mostly Bullish on CY stock. Out of 5 analysts who cover the stock, 5 suggest a Buy rating . The 12-month average price target assigned to the stock is $14.40, which implies an upside of 36.5% from current levels.
Cypress Semiconductor Corp with its subsidiaries, designs, develops, manufactures and markets high-performance, mixed-signal, programmable solutions that provide customers with rapid time-to-market and system value.