Shares of Cypress Semiconductor Co. (NASDAQ:CY) have been assigned a consensus recommendation of “Buy” from the seventeen brokerages that are currently covering the stock, Marketbeat reports. Two analysts have rated the stock with a sell recommendation, three have assigned a hold recommendation, ten have given a buy recommendation and one has issued a strong buy recommendation on the company. The average twelve-month price objective among analysts that have covered the stock in the last year is $18.05.
Several research firms have commented on CY. BidaskClub raised shares of Cypress Semiconductor from a “hold” rating to a “buy” rating in a research note on Saturday, September 30th. 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. Loop Capital reaffirmed a “buy” rating and issued a $20.00 target price (up from $17.00) on shares of Cypress Semiconductor in a research note on Friday, October 27th. Susquehanna Bancshares began coverage on shares of Cypress Semiconductor in a research note on Wednesday, December 13th. They issued a “positive” rating and a $20.00 target price for the company. Finally, Barclays cut shares of Cypress Semiconductor from an “overweight” rating to an “equal weight” rating and lowered their target price for the stock from $18.00 to $17.00 in a research note on Tuesday, October 31st.
Shares of Cypress Semiconductor (NASDAQ:CY) traded up $0.37 on Tuesday, hitting $16.64. 5,160,000 shares of the stock were exchanged, compared to its average volume of 6,210,000. The company has a debt-to-equity ratio of 0.60, a quick ratio of 0.92 and a current ratio of 1.35. Cypress Semiconductor has a fifty-two week low of $10.99 and a fifty-two week high of $17.42. The stock has a market cap of $5,550.00, a PE ratio of -41.60, a price-to-earnings-growth ratio of 1.86 and a beta of 2.01.
Cypress Semiconductor (NASDAQ:CY) last issued its quarterly earnings data on Thursday, October 26th. The semiconductor company reported $0.27 earnings per share for the quarter, topping the Zacks’ consensus estimate 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 business had revenue of $604.57 million during the quarter, compared to analysts’ expectations of $602.16 million. During the same period last year, the company posted $0.15 EPS. The company’s revenue was up 14.0% on a year-over-year basis. equities analysts expect that Cypress Semiconductor will post 0.56 earnings per share for the current year.
The business 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. The ex-dividend date of this dividend is Wednesday, December 27th. This represents a $0.44 dividend on an annualized basis and a dividend yield of 2.64%. Cypress Semiconductor’s dividend payout ratio (DPR) is presently -110.00%.
In other Cypress Semiconductor news, SVP Sam Geha sold 14,517 shares of Cypress Semiconductor stock in a transaction on Wednesday, November 22nd. The shares were sold at an average price of $17.34, for a total value of $251,724.78. Following the transaction, the senior vice president now owns 41,204 shares in the company, valued at approximately $714,477.36. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, 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 transaction, the executive vice president now owns 172,105 shares in the company, valued at approximately $2,714,095.85. The disclosure for this sale can be found here. In the last quarter, insiders sold 103,604 shares of company stock worth $1,666,027. 0.69% of the stock is owned by company insiders.
Several large investors have recently bought and sold shares of CY. FMR LLC lifted its holdings in shares of 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 acquiring an additional 9,356,825 shares in the last quarter. JPMorgan Chase & Co. lifted its holdings in shares of Cypress Semiconductor by 247.2% during the 2nd quarter. JPMorgan Chase & Co. now owns 7,947,488 shares of the semiconductor company’s stock valued at $108,483,000 after acquiring an additional 5,658,750 shares in the last quarter. Westfield Capital Management Co. LP acquired a new position in shares of Cypress Semiconductor during the 3rd quarter valued at $53,009,000. Ameriprise Financial Inc. lifted its holdings in shares of 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 acquiring an additional 3,116,871 shares in the last quarter. Finally, TCW Group Inc. lifted its holdings in shares of 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 acquiring an additional 1,628,930 shares in the last quarter. Institutional investors and hedge funds own 97.37% 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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