Cypress Semiconductor "We have stuck with a Buy on Cypress partially due to the fact that we believe this management team has earned the benefit of the doubt to recover during soft periods," Dougherty analysts wrote in an April 20 report. "Better-than-expected Q112 margins and Q212 guidance is yet another example of why. This is a management team that knows how to maximize profitability." Shares of Cypress Semiconductor hit a 52-week low of $13.10. The stock's 52-week low of $23.40 was set on May 31. Cypress Semiconductor's forward P/E is 10.65; the average for semiconductors is 20.7. For comparison, Cree ( CREE) has a higher forward P/E of 22.67. Thirteen of the 19 analysts who cover Cypress Technology rated the stock buy. Four analysts gave the stock a hold rating and two rated it sell. The stock has fallen 20.72% year to date.
Riverbed Technology "Over the course of 2Q, Riverbed is likely to tread water as the debate rages on the growth rate of the core market and the degree of market saturation," Miller Tabak analysts wrote in an April 19 report. "We strongly believe this market has substantial growth in front of it." Shares of Riverbed Technology hit a 52-week low of $17.84 on Tuesday. The stock's 52-week high of $41.83 was set on July 7. Riverbed Technology's forward P/E is 15.19; the average for telecommunications equipment companies is 28.93. For comparison, Harris ( HRS) has a lower forward P/E of 7.96. Twenty-one of the 37 analysts who cover Riverbed Technology rated it hold. Fourteen analysts gave the stock a buy rating and two rated it sell. The stock has fallen 23.7% year to date.
STMicroelectronics "We lower 2013 EPS by 33% to reflect softer than expected Q1 results and an underwhelming strategic review of ST-Ericsson," Deutsche Bank analysts wrote in an April 27 report. "Despite solid STM core/exwireless momentum through 2012, we view break-even prospects for the wireless JV as low. Adding further cash burn & likely increasing funding requirements for ST-Ericsson, we maintain Hold." Shares of STMicroelectronics hit a 52-week low of $5.20 on Tuesday. The stock's 52-week high of $11.87 was set on May 10. STMicroelectronics' forward P/E on 10.1; the average for semiconductor companies is 11.87. Four of the eight analysts who cover STMicroelectronics rated it buy. Three analysts gave the stock a hold rating and one rated it sell. The stock has fallen 11.3% year to date.