Cypress Semiconductor Corporation (NASDAQ:CY) SVP Sudhir Gopalswamy sold 3,000 shares of the firm’s stock in a transaction that occurred on Thursday, November 16th. The shares were sold at an average price of $16.60, for a total transaction of $49,800.00. Following the transaction, the senior vice president now directly owns 70,607 shares of the company’s stock, valued at approximately $1,172,076.20. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link.
Shares of Cypress Semiconductor Corporation (CY) opened at $15.19 on Friday. Cypress Semiconductor Corporation has a fifty-two week low of $10.51 and a fifty-two week high of $17.42. The company has a quick ratio of 0.92, a current ratio of 1.35 and a debt-to-equity ratio of 0.60. The firm has a market cap of $5,341.97, a PE ratio of 33.35, a PEG ratio of 2.88 and a beta of 2.01.
Cypress Semiconductor (NASDAQ:CY) last posted its earnings results on Thursday, October 26th. The semiconductor company reported $0.27 earnings per share for the quarter, topping analysts’ consensus estimates of $0.23 by $0.04. Cypress Semiconductor had a negative net margin of 5.75% and a positive return on equity of 9.01%. The firm had revenue of $604.57 million for the quarter, compared to the consensus estimate of $602.16 million. During the same period in the previous year, the firm posted $0.15 EPS. The business’s quarterly revenue was up 14.0% on a year-over-year basis. research analysts anticipate that Cypress Semiconductor Corporation will post 0.56 earnings per share for the current year.
The company also recently declared a quarterly dividend, which will be paid on Thursday, January 18th. Investors of record on Thursday, December 28th will be issued a dividend of $0.11 per share. The ex-dividend date of this dividend is Wednesday, December 27th. This represents a $0.44 annualized dividend and a yield of 2.90%. Cypress Semiconductor’s payout ratio is -110.00%.
Several equities research analysts recently weighed in on the stock. Loop Capital reissued a “buy” rating and set a $20.00 price target on shares of Cypress Semiconductor in a research report on Monday, November 20th. Barclays downgraded shares of Cypress Semiconductor from an “overweight” rating to an “equal weight” rating and cut their target price for the stock from $18.00 to $17.00 in a research report on Tuesday, October 31st. Zacks Investment Research raised shares of Cypress Semiconductor from a “hold” rating to a “strong-buy” rating and set a $19.00 target price for the company in a research report on Tuesday, October 31st. SunTrust Banks downgraded shares of Cypress Semiconductor from a “buy” rating to a “hold” rating and set a $17.00 target price for the company. in a research report on Friday. Finally, BidaskClub raised shares of Cypress Semiconductor from a “buy” rating to a “strong-buy” rating in a research report on Wednesday, November 1st. One equities research analyst has rated the stock with a sell rating, four have given a hold rating, eight have issued a buy rating and one has assigned a strong buy rating to the company. Cypress Semiconductor presently has a consensus rating of “Buy” and an average price target of $17.50.
A number of large investors have recently modified their holdings of the stock. BlackRock Inc. grew its holdings in Cypress Semiconductor by 0.8% during the 2nd quarter. BlackRock Inc. now owns 27,848,587 shares of the semiconductor company’s stock valued at $380,133,000 after purchasing an additional 231,335 shares during the last quarter. TCW Group Inc. grew its holdings in Cypress Semiconductor by 13.8% during the 3rd quarter. TCW Group Inc. now owns 13,463,003 shares of the semiconductor company’s stock valued at $202,214,000 after purchasing an additional 1,628,930 shares during the last quarter. FMR LLC grew its holdings in Cypress Semiconductor by 310.3% during the 2nd quarter. FMR LLC now owns 12,371,805 shares of the semiconductor company’s stock valued at $168,875,000 after purchasing an additional 9,356,825 shares during the last quarter. Ameriprise Financial Inc. grew its holdings in Cypress Semiconductor by 34.1% during the 3rd quarter. Ameriprise Financial Inc. now owns 12,262,029 shares of the semiconductor company’s stock valued at $184,179,000 after purchasing an additional 3,116,871 shares during the last quarter. Finally, State Street Corp grew its holdings in Cypress Semiconductor by 3.4% during the 2nd quarter. State Street Corp now owns 9,176,862 shares of the semiconductor company’s stock valued at $125,265,000 after purchasing an additional 302,001 shares during the last quarter. Institutional investors own 97.39% of the company’s stock.
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Cypress Semiconductor Company Profile
Cypress Semiconductor Corporation manufactures embedded system solutions for automotive, industrial, home automation and appliances, consumer electronics and medical products. The Company’s segments include Microcontroller and Connectivity Division (MCD), and Memory Products Division (MPD). MCD focuses on microcontroller (MCU), analog and wireless and wired connectivity solutions.
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