Insider Selling: Cypress Semiconductor Co. (CY) EVP Sells 3,000 Shares of Stock

Cypress Semiconductor Co. (NASDAQ:CY) EVP Sudhir Gopalswamy sold 3,000 shares of the stock in a transaction on Monday, April 16th. The stock was sold at an average price of $17.24, for a total transaction of $51,720.00. Following the completion of the sale, the executive vice president now directly owns 123,125 shares of the company’s stock, valued at approximately $2,122,675. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link.

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

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  • On Friday, March 16th, Sudhir Gopalswamy sold 3,000 shares of Cypress Semiconductor stock. The stock was sold at an average price of $18.57, for a total transaction of $55,710.00.
  • On Friday, February 16th, Sudhir Gopalswamy sold 3,000 shares of Cypress Semiconductor stock. The stock was sold at an average price of $16.25, for a total transaction of $48,750.00.

CY opened at $16.53 on Friday. The firm has a market cap of $6,191.42, a P/E ratio of 27.02, a PEG ratio of 1.11 and a beta of 2.05. Cypress Semiconductor Co. has a twelve month low of $12.50 and a twelve month high of $18.87. The company has a quick ratio of 0.82, a current ratio of 1.22 and a debt-to-equity ratio of 0.53.

Cypress Semiconductor (NASDAQ:CY) last released its quarterly earnings results on Thursday, February 1st. The semiconductor company reported $0.28 earnings per share for the quarter, beating the Zacks’ consensus estimate of $0.25 by $0.03. The business had revenue of $597.54 million during the quarter, compared to analyst estimates of $593.15 million. Cypress Semiconductor had a negative net margin of 4.02% and a positive return on equity of 12.48%. The business’s revenue was up 12.7% on a year-over-year basis. During the same period last year, the business earned $0.15 EPS. equities analysts forecast that Cypress Semiconductor Co. will post 0.92 earnings per share for the current year.

The company also recently declared a quarterly dividend, which was paid on Thursday, April 19th. Investors of record on Thursday, March 29th were issued a dividend of $0.11 per share. This represents a $0.44 dividend on an annualized basis and a yield of 2.66%. The ex-dividend date was Wednesday, March 28th. Cypress Semiconductor’s payout ratio is 73.33%.

A number of institutional investors and hedge funds have recently added to or reduced their stakes in CY. CIBC Asset Management Inc boosted its stake in Cypress Semiconductor by 13.7% during the 4th quarter. CIBC Asset Management Inc now owns 26,478 shares of the semiconductor company’s stock valued at $404,000 after acquiring an additional 3,200 shares during the last quarter. Macquarie Group Ltd. boosted its stake in Cypress Semiconductor by 1.6% during the 4th quarter. Macquarie Group Ltd. now owns 203,872 shares of the semiconductor company’s stock valued at $3,107,000 after acquiring an additional 3,222 shares during the last quarter. Crossmark Global Holdings Inc. boosted its stake in Cypress Semiconductor by 12.8% during the 4th quarter. Crossmark Global Holdings Inc. now owns 29,582 shares of the semiconductor company’s stock valued at $451,000 after acquiring an additional 3,361 shares during the last quarter. CLS Investments LLC boosted its stake in Cypress Semiconductor by 22.2% during the 4th quarter. CLS Investments LLC now owns 18,925 shares of the semiconductor company’s stock valued at $288,000 after acquiring an additional 3,438 shares during the last quarter. Finally, Meadow Creek Investment Management LLC boosted its stake in Cypress Semiconductor by 19.4% during the 4th quarter. Meadow Creek Investment Management LLC now owns 21,280 shares of the semiconductor company’s stock valued at $324,000 after acquiring an additional 3,456 shares during the last quarter. 85.05% of the stock is owned by institutional investors and hedge funds.

Several equities research analysts have recently issued reports on CY shares. SunTrust Banks reissued a “hold” rating and issued a $19.00 price objective on shares of Cypress Semiconductor in a research report on Friday, February 2nd. Zacks Investment Research raised shares of Cypress Semiconductor from a “strong sell” rating to a “buy” rating and set a $19.00 price objective for the company in a research report on Wednesday, January 31st. Mizuho reissued a “buy” rating and issued a $20.00 price objective (up previously from $18.00) on shares of Cypress Semiconductor in a research report on Friday, January 12th. BidaskClub raised shares of Cypress Semiconductor from a “buy” rating to a “strong-buy” rating in a research report on Saturday, January 6th. Finally, Piper Jaffray reissued a “buy” rating and issued a $22.00 price objective on shares of Cypress Semiconductor in a research report on Monday, January 29th. Two research analysts have rated the stock with a sell rating, three have assigned a hold rating, nine have given a buy rating and one has issued a strong buy rating to the stock. The company presently has an average rating of “Buy” and an average price target of $19.19.

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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.

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

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