Published: Thu, October 12, 2017
Economy | By Shawn Conner

ON Semiconductor Corporation (ON) Receives Average Recommendation of "Buy" from Brokerages


This number should be growing and increasing with steadiness, showing the company can progress reliably. Therefore 40% are positive.

Since the beginning of the calendar year, the stock is 35.75%. Meanwhile, estimates have been stable lately ahead of the company's Q3 earnings release.

Cypress Semiconductor Corporation (CY) has broken the wide and weak rising the short-term trend up and an even stronger rising rate is indicated. On Thursday, September 14 the stock rating was maintained by Craig Hallum with "Hold".

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On June 28, 2017 the stock rating was set at "Overweight" according to a Barclays report up from the previous "Equal-Weight" rating. At the time of writing, the First Call consensus price target for the company is $15.02. It has outperformed by 54.06% the S&P500.

Cypress Semiconductor Corporation (NASDAQ:CY) gained 2.64% in yesterday's session, going up from its prior closing price of $15.53 to $15.94, and has now recorded rally in 5 consecutive sessions. They presently have a $20.00 price target on the semiconductor company's stock. Over the same time span, the stock marked US$7.99 as its best level and the lowest price reached was US$5.05. The share last price represents uptick move of 0.06% in value from company's 52-Week high price and shows 61.06% above change in value from its 52-Week low price. In general, companies with the lowest combined rank may be the higher quality picks. The share price has already crossed its 20 days moving average, floating at a distance of 6.04% and sits 10.49% higher versus its 50 days moving average. The corporation has a market cap of US$694.96 Million. If you are reading this piece of content on another publication, it was illegally stolen and republished in violation of United States and worldwide copyright law. If you are reading this article on another domain, it was copied illegally and reposted in violation of United States and worldwide copyright & trademark laws.

Cypress Semiconductor Corporation is located in U.S. and operates within the Technology sector. The stock experienced a rise in short interest of 4.54% as of September 15, 2017 from the last reporting period. This is assuming the current $0.40 EPS is accurate. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. On the other end, a stock with a score from 0-2 would be viewed as weak. That is, the BTM is a comparison of a company's net asset value per share to its share price. Following the completion of the transaction, the director now owns 65,256 shares in the company, valued at approximately $918,151.92. The disclosure for this sale can be found here. IFP Advisors Inc now owns 8,628 shares of the semiconductor company's stock worth $118,000 after purchasing an additional 1,014 shares in the last quarter.

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Institutional investors and hedge funds have recently modified their holdings of the business. Equities analysts forecast that Cypress Semiconductor will post $0.80 earnings per share for the current year.

As of the latest earnings report the EPS was $-0.34 and is expected to be $0.13 for the current year with 122,971,000 shares outstanding. FMR LLC boosted its stake in ON Semiconductor Corp by 25.4% in the fourth quarter. Ironbridge Capital Management Lp now controls 1,075,177 shares valued at $14,794,000. IFP Advisors Inc increased its holdings in Cypress Semiconductor Corporation by 13.3% during the 2nd quarter. The New York-based Sg Americas Secs Ltd Liability Company has invested 0.01% in Lattice Semiconductor Corp (NASDAQ:LSCC).

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ON Semiconductor Corporation offers a portfolio of sensors, power management, connectivity, custom and system on chip (SoC), analog, logic, timing, and discrete devices. The Company is a provider of customizable smart connectivity solutions based on its low power field programmable gate array (FPGA), video application specific standard product (ASSP), 60 gigahertz millimeter wave, and IP products to the consumer, communications, industrial, computing and automotive markets across the world. The Power Solutions Group offers a range of discrete, module and integrated semiconductor products.

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