Why Cypress Semiconductor Stock Fell 15.8% in September [The Motley Fool]
CYPRESS SEMICONDUCTOR (CY)
Last cypress semiconductor earnings: 1/30 04:05 pm
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Source: The Motley Fool
The semiconductor leader drew the ire of multiple analysts last month. Here's what investors need to know. Steve Symington ( TMFSymington ) Oct 10, 2018 at 8:58PM What happened Shares of Cypress Semiconductor ( NASDAQ:CY ) dropped 15.8% in September, according to data from S&P Global Market Intelligence , after multiple analysts expressed pessimism for the embedded semiconductor chip specialist. To be sure, Cypress Semi stock drifted lower throughout the month despite a lack of company-specific news that might otherwise merit the decline. Its steepest declines came on the heels of negative notes from analysts at both Morgan Stanley and KeyBanc. IMAGE SOURCE: GETTY IMAGES So what More specifically, shares fell more than 6% on Sept. 24, 2018, when Morgan Stanley reiterated its underweight rating and reduced its per-share price target
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