Cypress Semiconductor (CY) Earns Positive Rating from Analysts at Susquehanna Bancshares

Susquehanna Bancshares initiated coverage on shares of Cypress Semiconductor (NASDAQ:CY) in a research report released on Wednesday, MarketBeat reports. The firm issued a positive rating and a $20.00 price target on the semiconductor company’s stock.

A number of other equities research analysts also recently weighed in on the stock. Craig Hallum reaffirmed a buy rating and issued a $21.00 target price on shares of Cypress Semiconductor in a research note on Tuesday, December 5th. SunTrust Banks downgraded shares of Cypress Semiconductor from a buy rating to a hold rating and set a $17.00 target price on the stock. in a research note on Friday, December 1st. Loop Capital reaffirmed a buy rating and issued a $20.00 target price on shares of Cypress Semiconductor in a research note on Monday, November 20th. Zacks Investment Research downgraded shares of Cypress Semiconductor from a strong-buy rating to a hold rating in a research note on Wednesday, November 1st. Finally, BidaskClub raised shares of Cypress Semiconductor from a buy rating to a strong-buy rating in a research note on Wednesday, November 1st. One equities research analyst has rated the stock with a sell rating, four have given a hold rating, nine have issued a buy rating and one has issued a strong buy rating to the stock. Cypress Semiconductor currently has a consensus rating of Buy and a consensus price target of $17.88.

Cypress Semiconductor (NASDAQ CY) opened at $15.24 on Wednesday. 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 1 year low of $10.95 and a 1 year high of $17.42. The company has a market cap of $5,090.00, a P/E ratio of 31.75, a PEG ratio of 2.75 and a beta of 2.01.

Cypress Semiconductor (NASDAQ:CY) last released its quarterly earnings data on Thursday, October 26th. The semiconductor company reported $0.27 EPS for the quarter, beating 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 company had revenue of $604.57 million during the quarter, compared to analyst estimates of $602.16 million. During the same period last year, the business earned $0.15 earnings per share. Cypress Semiconductor’s revenue was up 14.0% compared to the same quarter last year. analysts predict that Cypress Semiconductor will post 0.56 EPS for the current fiscal year.

The firm also recently declared a quarterly dividend, which will be paid on Thursday, January 18th. Shareholders of record on Thursday, December 28th will be paid a dividend of $0.11 per share. This represents a $0.44 annualized dividend and a dividend yield of 2.89%. The ex-dividend date of this dividend is Wednesday, December 27th. Cypress Semiconductor’s dividend payout ratio (DPR) is presently -110.00%.

In other Cypress Semiconductor news, EVP Trent Thad sold 74,818 shares of Cypress Semiconductor stock in a transaction that occurred 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 transaction, the executive vice president now directly owns 172,105 shares of the company’s stock, valued at $2,714,095.85. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, SVP Sam Geha sold 14,517 shares of Cypress Semiconductor stock in a transaction that occurred on Wednesday, November 22nd. The stock was sold at an average price of $17.34, for a total transaction of $251,724.78. Following the transaction, the senior vice president now directly owns 41,204 shares in the company, valued at $714,477.36. The disclosure for this sale can be found here. Insiders have sold 100,604 shares of company stock worth $1,619,497 over the last three months. Insiders own 0.69% of the company’s stock.

Hedge funds have recently bought and sold shares of the business. Bank of Montreal Can increased its stake in shares of Cypress Semiconductor by 1.6% in the second quarter. Bank of Montreal Can now owns 20,158 shares of the semiconductor company’s stock worth $276,000 after buying an additional 324 shares during the period. Aperio Group LLC increased its stake in shares of Cypress Semiconductor by 11.4% in the second quarter. Aperio Group LLC now owns 65,056 shares of the semiconductor company’s stock worth $888,000 after buying an additional 6,682 shares during the period. Public Employees Retirement Association of Colorado increased its stake in shares of Cypress Semiconductor by 0.6% in the second quarter. Public Employees Retirement Association of Colorado now owns 74,905 shares of the semiconductor company’s stock worth $1,022,000 after buying an additional 465 shares during the period. Great West Life Assurance Co. Can increased its stake in shares of Cypress Semiconductor by 1.8% in the second quarter. Great West Life Assurance Co. Can now owns 200,403 shares of the semiconductor company’s stock worth $2,733,000 after buying an additional 3,600 shares during the period. Finally, CIBC Asset Management Inc increased its stake in shares of Cypress Semiconductor by 33.7% in the second quarter. CIBC Asset Management Inc now owns 32,021 shares of the semiconductor company’s stock worth $437,000 after buying an additional 8,070 shares during the period. 97.38% of the stock is currently owned by hedge funds and other institutional investors.

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About Cypress Semiconductor

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.

Analyst Recommendations for Cypress Semiconductor (NASDAQ:CY)

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