Media headlines about Cypress Semiconductor (NASDAQ:CY) have been trending somewhat positive recently, according to Accern Sentiment. The research group identifies positive and negative press coverage by reviewing more than twenty million news and blog sources in real time. Accern ranks coverage of companies on a scale of negative one to one, with scores closest to one being the most favorable. Cypress Semiconductor earned a media sentiment score of 0.12 on Accern’s scale. Accern also gave news headlines about the semiconductor company an impact score of 46.1936116575692 out of 100, indicating that recent press coverage is somewhat unlikely to have an impact on the stock’s share price in the immediate future.
Here are some of the news headlines that may have impacted Accern Sentiment Analysis’s rankings:
Cypress Semiconductor (CY) traded up $0.10 during trading on Wednesday, reaching $14.88. 4,918,621 shares of the company were exchanged, compared to its average volume of 6,409,861. The company has a debt-to-equity ratio of 0.60, a current ratio of 1.35 and a quick ratio of 0.92. Cypress Semiconductor has a fifty-two week low of $10.95 and a fifty-two week high of $17.42. The stock has a market cap of $4,924.89, a price-to-earnings ratio of 30.75, a price-to-earnings-growth ratio of 2.66 and a beta of 2.01.
Cypress Semiconductor (NASDAQ:CY) last announced its quarterly earnings results on Thursday, October 26th. The semiconductor company reported $0.27 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $0.23 by $0.04. Cypress Semiconductor had a net margin of 2.64% and a return on equity of 2.40%. The firm had revenue of $604.57 million during the quarter, compared to the consensus estimate of $602.16 million. During the same period last year, the firm earned $0.15 EPS. The business’s quarterly revenue was up 14.0% compared to the same quarter last year. equities research analysts anticipate that Cypress Semiconductor will post 0.56 earnings per share for the current fiscal year.
The company also recently declared a quarterly dividend, which will be paid on Thursday, January 18th. Shareholders of record on Thursday, December 28th will be issued a $0.11 dividend. This represents a $0.44 annualized dividend and a yield of 2.96%. The ex-dividend date of this dividend is Wednesday, December 27th. Cypress Semiconductor’s payout ratio is -110.00%.
Several equities research analysts have recently issued reports on CY shares. Loop Capital restated a “buy” rating and set a $17.00 price target on shares of Cypress Semiconductor in a research note on Tuesday, August 22nd. Mizuho restated a “buy” rating and set a $17.00 price target on shares of Cypress Semiconductor in a research note on Tuesday, August 29th. Craig Hallum restated a “buy” rating and set a $20.00 price target on shares of Cypress Semiconductor in a research note on Thursday, August 31st. KeyCorp restated an “overweight” rating on shares of Cypress Semiconductor in a research note on Thursday, September 14th. Finally, Needham & Company LLC restated a “buy” rating and set a $20.00 price target on shares of Cypress Semiconductor in a research note on Monday, September 18th. One investment analyst has rated the stock with a sell rating, four have given a hold rating, eight have given a buy rating and one has given a strong buy rating to the company’s stock. Cypress Semiconductor has an average rating of “Buy” and a consensus price target of $17.58.
In other news, EVP Trent Thad sold 74,818 shares of Cypress Semiconductor stock in a transaction on Monday, October 16th. The shares were sold at an average price of $15.77, for a total transaction of $1,179,879.86. Following the completion of the sale, the executive vice president now directly owns 172,105 shares of the company’s stock, valued at approximately $2,714,095.85. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Director J Daniel Mccranie acquired 30,000 shares of the company’s stock in a transaction dated Thursday, September 14th. The shares were bought at an average cost of $14.37 per share, with a total value of $431,100.00. Following the completion of the acquisition, the director now directly owns 55,000 shares in the company, valued at approximately $790,350. The disclosure for this purchase can be found here. Over the last three months, insiders sold 100,604 shares of company stock valued at $1,619,497. Insiders own 0.69% 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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