Stock Showing Surging Activity: ON Semiconductor Corp. (NASDAQ:ON)
- Author: Zachary Reyes Mar 10, 2017,
Mar 10, 2017, 16:51
The higher and the lower price estimates are $ 16 and $11 respectively.Cypress Semiconductor Corporation (NASDAQ:CY) has received a short term rating of buy from experts at Zacks with a rank of 2. Six research analysts have rated the stock with a hold rating, nine have assigned a buy rating and one has issued a strong buy rating to the company. (NASDAQ:ON) where 5 analyst have rated the stock as Strong Buy, 13 analysts said it's a Buy, 3 rated the stock as Hold, 0 analysts reported Underperform and 0 analysts gave their recommendations as Sell. NY now owns 1,973,600 shares of the company's stock valued at $12,809,000 after buying an additional 46,400 shares in the last quarter.
Laredo Petroleum, Inc. (NYSE:LPI) right now sits at consensus rating of 2.50 while 7 analysts have advocated the shares as "BUY", 4 calls it an "OUTPERFORM" and 12 suggest "HOLD". Loop Capital initiated coverage on shares of Cypress Semiconductor in a report on Monday, December 5th. Mizuho reaffirmed an "in-line" rating and issued a $15.00 price target on shares of Cypress Semiconductor in a report on Friday, February 3rd. The 52-week high of Cypress Semiconductor Corporation (NASDAQ:CY) is $13.8 and the 52-week low is $8.02. Therefore, stock prices are sometime established based on the expectations that prospective investors have for the future earnings power of the firm. Lattice Semiconductor Corporation has a 52-week low of 4.89 and a 52-week high of 7.99. The company reported $0.15 earnings per share for the quarter, topping the Zacks' consensus estimate of $0.14 by $0.01. Lattice Semiconductor Corp had a negative return on equity of 5.57% and a negative net margin of 22.28%.
Cypress Semiconductor Corporation has received $0.04 as the consensus Earnings Estimate for the Quarter ending on Mar 2017, According to the estimate provided by 1 Financial Advisor in the Stock Trading Firms.
It's important to get a feel for how any stock is actually valued on the market based on its core numbers.
A number of other large investors have also made changes to their positions in CY.
Annual earnings per share (EPS) growth noted at -34.40% in past 5 Years and Long-term annual earnings per share (EPS) growth is expected to reach 58.80% in coming 5 years. Following the completion of the transaction, the director now directly owns 168,538 shares of the company's stock, valued at approximately $1,889,310.98. They now have a Dollars 8 price target on the stock.
The business also recently disclosed a quarterly dividend, which will be paid on Thursday, April 20th. The ex-dividend date is Tuesday, March 28th. The company's shares were closed at 12.72. It has a dividend yield of 3.29%.
ON Semiconductor Corp. (NASDAQ:ON) now has a consensus Price Target of $17.52. These analysts and investment firms use various valuation methods to decide a price target for a stock.
In related news, insider H Raymond Bingham sold 14,361 shares of Cypress Semiconductor Corporation stock in a transaction on Tuesday, January 3rd. Cypress Semiconductor's payout ratio is -20.37%. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. The disclosure for this sale can be found here.
Several hedge funds have recently modified their holdings of CY. FMR LLC boosted its stake in shares of ON Semiconductor Corp by 25.4% in the fourth quarter. Finally, TCW Group Inc. raised its stake in shares of Cypress Semiconductor by 3.4% in the second quarter. Element Capital Management LLC bought a new stake in shares of Cypress Semiconductor during the second quarter valued at about $9,495,000.
05/20/2016 - Cypress Semiconductor Corporation had its "outperform" rating reiterated by analysts at Wedbush. The Company's segments include Programmable Systems Division, Memory Products Division, Data Communications Division and Emerging Technologies Division.