Economy

ON Semiconductor Corp (ON) Stock Rating Reaffirmed by Jefferies Group LLC

Finally, Bank of America Corporation reiterated a "buy" rating and set a $18.00 price objective on shares of Cypress Semiconductor Corporation in a report on Thursday, May 25th. Bank of New York Mellon Corp now owns 4,932,482 shares of the semiconductor company's stock worth $67,871,000 after purchasing an additional 438,834 shares during the period. The stock rose 0.85% or $0.12 reaching $14.26 per share.

Morgan Stanley (NYSE:MS) ended its day at $46.22 with the rising stream of 1.03% and its total traded volume was 6.62 million shares less than the average volume.

Cypress Semiconductor Corporation (CY) traded up 1.9710% during mid-day trading on Thursday, hitting $14.4187. It has outperformed by 54.06% the S&P500.

Trinity Street Asset Management Llp increased its stake in Alibaba Group Hldg Ltd (BABA) by 10.2% based on its latest 2016Q4 regulatory filing with the SEC. The Tcw Group Inc holds 9.98 million shares with $114.18M value, up from 8.71 million last quarter. The company has market cap of $4.78 billion. The stock declined 1.45% or $2.59 reaching $176.51 on the news. It has outperformed by 2.77% the S&P500. One equities research analyst has rated the stock with a sell rating, seven have given a hold rating, fourteen have given a buy rating and one has assigned a strong buy rating to the stock. Therefore 94% are positive. The stock has an average rating of "Buy" and an average target price of $17.47. The company was maintained on Tuesday, August 22 by Oppenheimer. The firm earned "Buy" rating on Thursday, January 21 by Standpoint Research. The rating was maintained by KeyBanc Capital Markets on Friday, August 18 with "Overweight". The rating was initiated by Bernstein with "Outperform" on Wednesday, January 11. Mizuho maintained it with "Buy" rating and $15 target in Friday, January 29 report.

Cypress Semiconductor Corporation has a beta of 0.94, offering the possibility of a higher rate of return, but also posing more risk. CY's SI was 30.75M shares in September as released by FINRA. Quantbot Technologies LP accumulated 9,789 shares. ON's profit would be $168.61 million giving it 10.51 P/E if the $0.40 EPS is correct.

Investors wait ON Semiconductor Corp (NASDAQ:ON) to report on November, 6. its quarterly earnings Wall Street analysts expect $0.40 EPS, up $0.17 or 73.91 % from last year's $0.23 same quarter earnings.

Investors sentiment decreased to 1.22 in 2016 Q4. Its down 0.16, from 1.38 in 2016Q3. It improved, as 35 investors sold CY shares while 93 reduced holdings.

A number of hedge funds and other institutional investors have recently made changes to their positions in ON. 290.57 million shares or 1.15% more from 287.28 million shares in 2016Q3 were reported. Haverford Fincl Service Incorporated holds 0.12% in Intel Corporation (NASDAQ:INTC) or 7,900 shares. Nj State Employees Deferred Compensation Plan owns 110,000 shares or 0.79% of their U.S. portfolio. Neville Rodie And Shaw owns 326,313 shares. 39,918 were reported by Advantus Mngmt Inc. Symphony Asset Management Ltd Com reported 220,750 shares. Herald Inv Management holds 0.6% in Intel Corporation (NASDAQ:INTC) or 38,000 shares. Parametric Port Associate Ltd Llc holds 0.02% or 972,718 shares in its portfolio. Private Advisor Gru Ltd Company reported 11,127 shares. Blb&B Advsr Limited Liability Co stated it has 0.02% of its portfolio in Cypress Semiconductor Corporation (NASDAQ:CY). Vanguard Group Inc. boosted its position in shares of ON Semiconductor Corporation by 5.2% during the first quarter. Following the completion of the sale, the executive vice president now directly owns 330,496 shares of the company's stock, valued at approximately $5,618,432. Excalibur Mgmt reported 32,563 shares or 1.08% of all its holdings.

Shares of Equifax Inc.

Since March 20, 2017, it had 0 insider buys, and 2 insider sales for $798,539 activity.

BidaskClub raised shares of ON Semiconductor Corp from a "hold" rating to a "buy" rating in a research report on Friday, September 1st. Therefore 68% are positive. According to these analysts, the Low Revenue Estimate for Cypress Semiconductor Corporation is 599.97 Million and the High Revenue Estimate is 611.4 Million. Craig Hallum maintained the stock with "Buy" rating in Friday, July 29 report. Weaver C Barksdale Associate stated it has 0.02% of its portfolio in Cypress Semiconductor Corporation (NASDAQ:CY). The stock of ON Semiconductor Corp (NASDAQ:ON) has "Buy" rating given on Monday, August 7 by Susquehanna.



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