Stock Showing Surging Activity: ON Semiconductor Corp. (NASDAQ:ON)

Cypress Semiconductor Corporation (NASDAQ:CY) plunged -0.52% with the closing price of $13.36.

Analysts estimated $0.23/share for the previous Quarter, where ON Semiconductor Corp. Equities research analysts anticipate that Cypress Semiconductor Corporation will post $0.48 earnings per share for the current fiscal year. The Insider Ownership of the company now is 1.3 percent, and Institutional Ownership is 0 percent. The company sells the products to a wide range of customers, including Lucent Technologies Inc., Motorola, Inc., Nortel Networks Corporation, Seagate Technology, Inc., Compaq Computer Corporation, 3Com Corporation, IBM, Cisco Systems, Inc. and Sony Corporation.

Cypress Semiconductor Corporation (NASDAQ:CY) closed 18.74% above its 200-day moving average which many technicians use as a guide to the long-term trend, so stocks above the line are considered to be in longer-term uptrends, while those below it are considered to be in downtrends. Five equities research analysts have rated the stock with a hold rating, eighteen have assigned a buy rating and one has assigned a strong buy rating to the stock. Cypress Semiconductor Corporation has a 1-year low of $6.30 and a 1-year high of $12.48. Whereas 3 of them predict the stock is a hold.

According to the latest research reports released, 0 analysts have issued a rating of "buy", 1 analysts "outperform", 4 analysts "hold", 0 analysts "underperform" and 0 analysts "sell". The stock traded with the volume of 4.01 Million shares in the last trading session. Loop Capital initiated coverage on ON Semiconductor Corp in a research report on Tuesday, December 13th. Similar statistics are true for the second largest owner, Nwq Investment Management Company, Llc, which owns 10,016,443 shares of the stock are valued at $68.41 million. The company reported $0.15 EPS for the quarter, topping analysts' consensus estimates of $0.14 by $0.01.

Cypress Semiconductor Corporation (NASDAQ:CY) is over 1% above analysts' consensus price target of US$13.71. During the same quarter a year ago, the firm earned $0.15 EPS. The stock is 8.58% above another chart threshold, its 50-day moving average and 2.32% above its 20-day simple moving average. Goldman Sachs Reinstates the stock to Neutral on 10/26/16 with no specific Price Target. During the same quarter in the prior year, the firm posted $0.15 earnings per share.

02/03/2017 - Cypress Semiconductor Corporation had its "buy" rating reiterated by analysts at Mizuho.

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The firm also recently announced a quarterly dividend, which will be paid on Thursday, April 20th. Stockholders of record on Thursday, December 29th will be given a dividend of $0.11 per share. The ex-dividend date of this dividend is Tuesday, March 28th. This represents a $0.44 dividend on an annualized basis and a dividend yield of 3.81%. Lattice Semiconductor Corporation has a Price to Earnings ratio of 683 for the trailing twelve month period. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. They now have a Dollars 11 price target on the stock.

In the transaction dated August 31, 2015, the great number of shares disposed came courtesy the VP Corp, General Counsel; Milstead Byron Wayne disposed a total of 1,427 shares at an average price of $4.21, amounting to approximately $6,008. The third largest holder is Vanguard Group Inc, which now holds $63.38 million worth of this stock and that ownership represents almost 7.58% of its market capitalization. The disclosure for this sale can be found here.

Several hedge funds have recently made changes to their positions in CY. BlackRock Fund Advisors boosted its stake in Cypress Semiconductor by 6.8% in the third quarter. Janus Capital Management LLC boosted its stake in shares of ON Semiconductor Corp by 9.3% in the fourth quarter. RidgeWorth Capital Management LLC raised its stake in shares of Cypress Semiconductor by 8.0% in the fourth quarter.

Cypress Semiconductor Corporation delivers solutions from automotive, industrial and networking platforms to interactive consumer and mobile devices.