Insider Selling: Cypress Semiconductor Co. (CY) SVP Sells $51,240.00 in Stock

Cypress Semiconductor Co. (NASDAQ:CY) SVP Sudhir Gopalswamy sold 3,000 shares of the firm’s stock in a transaction dated Tuesday, January 16th. The shares were sold at an average price of $17.08, for a total transaction of $51,240.00. Following the completion of the transaction, the senior vice president now directly owns 65,445 shares in the company, valued at approximately $1,117,800.60. The sale was disclosed in a document filed with the SEC, which is accessible through this link.

Sudhir Gopalswamy also recently made the following trade(s):

  • On Monday, December 18th, Sudhir Gopalswamy sold 3,000 shares of Cypress Semiconductor stock. The shares were sold at an average price of $15.51, for a total transaction of $46,530.00.
  • On Thursday, November 16th, Sudhir Gopalswamy sold 3,000 shares of Cypress Semiconductor stock. The shares were sold at an average price of $16.60, for a total transaction of $49,800.00.

Shares of Cypress Semiconductor Co. (NASDAQ:CY) opened at $17.26 on Friday. 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 Co. has a one year low of $10.99 and a one year high of $17.42. The stock has a market cap of $5,705.67, a P/E ratio of -43.15, a PEG ratio of 1.97 and a beta of 2.02.

Cypress Semiconductor (NASDAQ:CY) last issued its quarterly earnings results on Thursday, October 26th. The semiconductor company reported $0.27 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ 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 company had revenue of $604.57 million during the quarter, compared to analyst estimates of $602.16 million. During the same quarter last year, the business posted $0.15 EPS. Cypress Semiconductor’s quarterly revenue was up 14.0% compared to the same quarter last year. research analysts expect that Cypress Semiconductor Co. will post 0.56 earnings per share for the current year.

The business also recently declared a quarterly dividend, which was paid on Thursday, January 18th. Stockholders of record on Thursday, December 28th were paid a dividend of $0.11 per share. The ex-dividend date was Wednesday, December 27th. This represents a $0.44 annualized dividend and a dividend yield of 2.55%. Cypress Semiconductor’s payout ratio is currently -110.00%.

Several hedge funds have recently modified their holdings of CY. Schwab Charles Investment Management Inc. grew its stake in Cypress Semiconductor by 3.4% in the 2nd quarter. Schwab Charles Investment Management Inc. now owns 1,344,934 shares of the semiconductor company’s stock valued at $18,359,000 after buying an additional 44,547 shares in the last quarter. Prudential Financial Inc. grew its stake in Cypress Semiconductor by 1.4% in the 2nd quarter. Prudential Financial Inc. now owns 205,098 shares of the semiconductor company’s stock valued at $2,800,000 after buying an additional 2,870 shares in the last quarter. Zurcher Kantonalbank Zurich Cantonalbank grew its stake in Cypress Semiconductor by 10.5% in the 2nd quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 12,207 shares of the semiconductor company’s stock valued at $167,000 after buying an additional 1,156 shares in the last quarter. State of Tennessee Treasury Department purchased a new position in Cypress Semiconductor in the 2nd quarter valued at approximately $1,365,000. Finally, Commonwealth of Pennsylvania Public School Empls Retrmt SYS grew its stake in Cypress Semiconductor by 0.4% in the 2nd quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS now owns 48,079 shares of the semiconductor company’s stock valued at $656,000 after buying an additional 182 shares in the last quarter. Institutional investors own 97.38% of the company’s stock.

CY has been the topic of several recent research reports. BidaskClub raised shares of Cypress Semiconductor from a “buy” rating to a “strong-buy” rating in a research report on Wednesday, November 1st. Needham & Company LLC reissued a “buy” rating and set a $20.00 target price on shares of Cypress Semiconductor in a research report on Monday, October 9th. Bank of America reissued a “buy” rating on shares of Cypress Semiconductor in a research report on Sunday, October 1st. Zacks Investment Research cut shares of Cypress Semiconductor from a “strong-buy” rating to a “hold” rating in a research report on Wednesday, November 1st. Finally, Craig Hallum reissued a “buy” rating and set a $21.00 target price on shares of Cypress Semiconductor in a research report on Tuesday, December 5th. Two research analysts have rated the stock with a sell rating, three have issued a hold rating, ten have issued a buy rating and one has assigned a strong buy rating to the stock. The company has a consensus rating of “Buy” and a consensus price target of $18.25.

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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.

Insider Buying and Selling by Quarter for Cypress Semiconductor (NASDAQ:CY)

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