Cypress Semiconductor Co. (NASDAQ:CY) – Investment analysts at Dougherty & Co issued their Q1 2018 earnings estimates for shares of Cypress Semiconductor in a research report issued to clients and investors on Sunday, according to Zacks Investment Research. Dougherty & Co analyst C. Anderson expects that the semiconductor company will post earnings of $0.17 per share for the quarter. Dougherty & Co also issued estimates for Cypress Semiconductor’s FY2018 earnings at $0.95 EPS.
CY has been the topic of several other reports. Needham & Company LLC reissued a “buy” rating and set a $20.00 price target on shares of Cypress Semiconductor in a research report on Friday, October 27th. BidaskClub raised Cypress Semiconductor from a “buy” rating to a “strong-buy” rating in a research report on Saturday, January 6th. Piper Jaffray Companies initiated coverage on Cypress Semiconductor in a research report on Monday, December 18th. They issued an “overweight” rating and a $20.00 target price on the stock. Credit Suisse Group upped their target price on Cypress Semiconductor from $14.00 to $15.00 and gave the stock a “neutral” rating in a research report on Friday, October 27th. Finally, Zacks Investment Research raised Cypress Semiconductor from a “hold” rating to a “strong-buy” rating and set a $19.00 target price on the stock in a research report on Tuesday, October 31st. One equities research analyst has rated the stock with a sell rating, four have given a hold rating, ten have issued a buy rating and one has assigned a strong buy rating to the company’s stock. Cypress Semiconductor currently has an average rating of “Buy” and an average price target of $19.04.
Cypress Semiconductor (NASDAQ CY) opened at $16.01 on Wednesday. The firm has a market capitalization of $5,235.20, a price-to-earnings ratio of 24.52, a P/E/G ratio of 1.01 and a beta of 2.17. Cypress Semiconductor has a 52-week low of $12.46 and a 52-week high of $17.90. The company has a current ratio of 0.94, a quick ratio of 0.59 and a debt-to-equity ratio of 0.53.
Cypress Semiconductor (NASDAQ:CY) last posted its quarterly earnings results on Thursday, February 1st. The semiconductor company reported $0.28 earnings per share for the quarter, beating the consensus estimate of $0.25 by $0.03. The firm had revenue of $597.54 million for the quarter, compared to analyst estimates of $593.15 million. Cypress Semiconductor had a positive return on equity of 12.48% and a negative net margin of 4.02%. Cypress Semiconductor’s quarterly revenue was up 12.7% on a year-over-year basis. During the same period in the previous year, the firm earned $0.15 earnings per share.
In other news, SVP Sudhir Gopalswamy sold 3,000 shares of the stock in a transaction dated Monday, December 18th. The stock was sold at an average price of $15.51, for a total transaction of $46,530.00. Following the transaction, the senior vice president now owns 68,445 shares of the company’s stock, valued at approximately $1,061,581.95. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, SVP Sam Geha sold 14,517 shares of the stock in a transaction dated 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 directly owns 41,204 shares in the company, valued at approximately $714,477.36. The disclosure for this sale can be found here. In the last three months, insiders have sold 20,517 shares of company stock worth $349,495. 0.69% of the stock is currently owned by insiders.
A number of large investors have recently made changes to their positions in CY. UBS Asset Management Americas Inc. boosted its stake in Cypress Semiconductor by 5.4% during the 2nd quarter. UBS Asset Management Americas Inc. now owns 226,304 shares of the semiconductor company’s stock valued at $3,089,000 after purchasing an additional 11,590 shares during the period. Stifel Financial Corp boosted its stake in Cypress Semiconductor by 0.4% during the 2nd quarter. Stifel Financial Corp now owns 115,674 shares of the semiconductor company’s stock valued at $1,579,000 after purchasing an additional 449 shares during the period. First Allied Advisory Services Inc. boosted its stake in Cypress Semiconductor by 12.5% during the 2nd quarter. First Allied Advisory Services Inc. now owns 16,458 shares of the semiconductor company’s stock valued at $225,000 after purchasing an additional 1,830 shares during the period. Flinton Capital Management LLC boosted its stake in Cypress Semiconductor by 68.9% during the 2nd quarter. Flinton Capital Management LLC now owns 31,586 shares of the semiconductor company’s stock valued at $431,000 after purchasing an additional 12,886 shares during the period. Finally, Macquarie Group Ltd. boosted its stake in Cypress Semiconductor by 0.8% during the 2nd quarter. Macquarie Group Ltd. now owns 193,193 shares of the semiconductor company’s stock valued at $2,637,000 after purchasing an additional 1,468 shares during the period. Hedge funds and other institutional investors own 98.12% 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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