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CY

Cypress Semiconductor

$13.59

-0.64 (-4.50%)

05:24
06/12/17
06/12
05:24
06/12/17
05:24

Cypress Semiconductor Executive Chairman Ray Bingham steps down

Cypress Semiconductor announced that Executive Chairman Ray Bingham has tendered his resignation as Executive Chairman and is stepping down from the board of Directors. He also notified the board that he was declining to stand for re-election at the Annual Meeting. The board has accepted his decision. In addition, Eric Benhamou has stepped down as Lead Independent Director. He will remain on the board. In response to these developments, the board has appointed current independent director W. Steve Albrecht as its new Chairman. As a world-renowned expert in the field of corporate governance, the board unanimously decided that Steve is the right person for the job. Finally, the independent members of the Cypress board decided, given CEO Hassane El-Khoury's superior performance, there is no longer a need for the Executive Chairman role. All of these changes are effective immediately.

  • 20

    Jun

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    Jun

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    Aug

  • 07

    Sep

CY Cypress Semiconductor
$13.59

-0.64 (-4.50%)

05/01/17
LOOP
05/01/17
NO CHANGE
Target $16
LOOP
Buy
Cypress Semiconductor weakness a buying opportunity, says Loop Capital
Loop Capital analyst Betsy Van Hees noted that Cypress Semiconductor gave a mixed Q2 outlook, though she believes the company is seeing broad based improvements in demand and recommends Friday's weakness be used to add to positions, as Q1 results topped expectations and her long-term thesis remains intact. Van Hees keeps a Buy rating and $16 price target on Cypress Semiconductor shares.
05/09/17
SPHN
05/09/17
INITIATION
SPHN
Overweight
Cypress Semiconductor initiated with an Overweight at Stephens
05/09/17
05/09/17
INITIATION

On The Fly: Top five analyst initiations
Catch up on today's top five analyst initiations with this list compiled by The Fly: 1. Brookfield Renewable (BEP) initiated with an Outperform at Wells Fargo. 2. Azul (AZUL) initiated with a Buy at Citi and an Outperform at Raymond James. 3. Nabors Industries (NBR) resumed with a Buy at Citi. 4. Turkcell (TKC) initiated with a Hold at Berenberg. 5. Cypress Semiconductor (CY) initiated with an Overweight at Stephens. This list is just a portion of The Fly's analyst coverage. To see The Fly's full Street Research coverage, click here.
05/24/17
BOFA
05/24/17
NO CHANGE
Target $18
BOFA
Buy
Cypress Semiconductor remains a top SMidcap pick at BofA/Merrill
BofA/Merrill analyst Vivek Arya said the recent pullback in Cypress shares due to near-term concerns regarding autos exposure and lack of a margin raise at the analyst day provides a buying opportunity. The analyst said Cypress offers diversified growth in a solid demand environment, operating leverage and potential for earnings to double over the next 2 years, improving execution, a 3.3% dividend, and potential M&A benefits.

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NVTA

Invitae

$9.60

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MU

Micron

$30.38

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INSY

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AKTX

Akari Therapeutics

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ATW

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, ESV

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