Following the completion of the transaction, the chief executive officer now owns 3,649,468 shares of the company's stock, valued at approximately $71,493,078.12. Comerica Bank boosted its position in shares of ON Semiconductor by 3.6% in the 2nd quarter. Rhumbline Advisers who had been investing in Cypress Semiconductor Corp Com for a number of months, seems to be bullish on the $5.70 billion market cap company. The company's stock had a trading volume of 4,648,600 shares, compared to its average volume of 6,350,000. ON Semiconductor Corp has a twelve month low of $13.02 and a twelve month high of $23.66. It has outperformed by 22.75% the S&P500. The company has a market cap of $9,997.50, a P/E ratio of 25.90, a price-to-earnings-growth ratio of 0.77 and a beta of 2.02. Needham & Company LLC restated a "buy" rating and set a $20.00 price target on shares of Cypress Semiconductor in a research note on Monday, October 9th. Alta Management has invested 1.25% in Cerner Corporation (NASDAQ:CERN). About 165,352 shares traded.
Cypress Semiconductor Corporation manufactures embedded system solutions for automotive, industrial, home automation and appliances, consumer electronics and medical products. It has outperformed by 24.43% the S&P500.
Since August 1, 2017, it had 0 insider buys, and 4 sales for $5.18 million activity. The shares were sold at an average price of $15.51, for a total transaction of $46,530.00. NAZARIAN DANA had sold 250,075 shares worth $3.53M on Friday, August 4. One research analyst has rated the stock with a sell rating, eight have assigned a hold rating, thirteen have issued a buy rating and one has issued a strong buy rating to the stock.
Investors sentiment decreased to 1.08 in Q3 2017. Over the course of a year, the highest point for this stock was at $1.15 while the lowest price during that same timeframe was $0.10. It dropped, as 34 investors sold CY shares while 109 reduced holdings. Creative Planning raised its position in shares of Cypress Semiconductor Corp.by 77.2% in the second quarter. The semiconductor company reported $0.27 earnings per share for the quarter, beating the Zacks' consensus estimate of $0.23 by $0.04. Kentucky Retirement Systems holds 18,052 shares or 0.1% of its portfolio. Management Ltd Liability Co holds 1.54M shares. Inc. now owns 10,119 shares of the semiconductor company's stock worth $138,000 after purchasing an additional 3,169 shares in the last quarter. Axa holds 285,000 shares.
Analysts expect Cypress Semiconductor Corporation (NASDAQ:CY) to report $0.18 EPS on February, 1.They anticipate $0.12 EPS change or 200.00% from last quarter's $0.06 EPS. Cibc Asset Mngmt Incorporated has 23,278 shares. Oppenheimer Asset Management Inc. grew its stake in shares of ON Semiconductor by 13.5% during the second quarter. 42,234 are owned by Creative Planning. First Mercantile Tru Co holds 0.09% or 33,606 shares in its portfolio. 32,677 are owned by Tudor Invest Et Al. Eagle Asset owns 893,101 shares.
Sterling Capital Management Llc, which manages about $45.64 billion and $10.63 billion US Long portfolio, decreased its stake in Host Hotels & Resorts Inc Com (NYSE:HST) by 31,064 shares to 123,771 shares, valued at $2.29 million in 2017Q3, according to the filing. It also reduced its holding in Spdr S&P 500 Etf Trust (SPY) by 51,494 shares in the quarter, leaving it with 62,785 shares, and cut its stake in Scripps Networks Interactive I (NYSE:SNI). Finally, Robert W. Baird reiterated a "buy" rating and set a $25.00 price target on shares of ON Semiconductor in a report on Tuesday, October 17th. Therefore 67% are positive.
According to Zacks, "Cypress Semiconductor is now benefiting from improvement in automotive, IoT wireless connectivity and USB-C solutions". As per Friday, April 29, the company rating was maintained by Craig Hallum.
Among 21 analysts covering Cypress Semiconductor Corporation (NASDAQ:CY), 14 have Buy rating, 1 Sell and 6 Hold. The rating was maintained by Needham with "Buy" on Thursday, September 7. Roth Capital maintained the stock with "Buy" rating in Tuesday, October 3 report. The firm has "Outperform" rating given on Friday, January 29 by Wedbush. The firm earned "Outperform" rating on Thursday, November 2 by RBC Capital Markets. Craig Hallum has "Buy" rating and $10 target.
Investors sentiment increased to 0.98 in Q3 2017. Its down 0.05, from 0.86 in 2017Q2. Boston has 146,700 shares. 37 funds opened positions while 89 raised stakes. BB&T Securities LLC bought a new stake in shares of ON Semiconductor during the third quarter worth $187,000. Alley Ltd Com reported 38,384 shares. Financial Bank Of America Corp De holds 8.69M shares or 0.02% of its portfolio. Ent Fin Corporation invested in 0% or 397 shares. Advantus Capital Mgmt Incorporated, Minnesota-based fund reported 31,997 shares. Endurance Wealth Inc reported 0.03% stake. Citadel Advsr Ltd Company holds 0.08% or 7.31 million shares. Comerica Bancorporation accumulated 364,190 shares. Glenmede Na has invested 0% in MDU Resources Group, Inc. Martin & Tn reported 13,755 shares stake. Gemmer Asset Ltd Llc has invested 0.01% in Cerner Corporation (NASDAQ:CERN).
Analysts await MDU Resources Group, Inc. The firm has "Buy" rating given on Thursday, October 26 by Mizuho. Therefore 73% are positive.
ON has been the topic of several recent analyst reports. The rating was upgraded by J.P. Morgan on Friday, July 14 to "Buy". Of the analysts surveyed by Reuters that track Sterling Bancorp 1 of them rate its stock a hold. The firm has "Buy" rating by Longbow given on Friday, August 14. The rating was maintained by SunTrust with "Buy" on Wednesday, October 11. The stock has "Overweight" rating by Pacific Crest on Wednesday, March 29. The company was upgraded on Wednesday, August 16 by Stifel Nicolaus. As per Wednesday, August 5, the company rating was maintained by Oppenheimer. The rating was initiated by Suntrust Robinson on Thursday, January 14 with "Neutral". The insider Thad Trent sold $1.18 million.