Cypress Semiconductor Corp. (NASDAQ:CY) CFO Trent Thad sold 11,390 shares of the business’s stock in a transaction dated Monday, October 10th. The stock was sold at an average price of $11.83, for a total transaction of $134,743.70. Following the sale, the chief financial officer now directly owns 181,606 shares in the company, valued at $2,148,398.98. The sale was disclosed in a legal filing with the SEC, which is available through this link.

Cypress Semiconductor Corp. (NASDAQ:CY) opened at 11.05 on Thursday. The firm’s market cap is $3.55 billion. Cypress Semiconductor Corp. has a 52 week low of $6.30 and a 52 week high of $12.48. The company has a 50-day moving average of $11.74 and a 200-day moving average of $10.49.

Cypress Semiconductor Corp. (NASDAQ:CY) last released its quarterly earnings results on Thursday, July 28th. The company reported $0.12 earnings per share for the quarter, meeting analysts’ consensus estimates of $0.12. Cypress Semiconductor Corp. had a negative net margin of 37.59% and a positive return on equity of 3.26%. The company had revenue of $450.10 million for the quarter, compared to analyst estimates of $455.15 million. During the same period last year, the firm earned $0.15 earnings per share. The firm’s revenue was down 7.1% on a year-over-year basis. Equities research analysts forecast that Cypress Semiconductor Corp. will post $0.46 earnings per share for the current fiscal year.

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

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, October 20th. Shareholders of record on Thursday, September 29th will be given a $0.11 dividend. This represents a $0.44 annualized dividend and a yield of 3.98%. The ex-dividend date of this dividend is Tuesday, September 27th. Cypress Semiconductor Corp.’s dividend payout ratio is -20.85%.

Several equities research analysts have commented on CY shares. Roth Capital reissued a “buy” rating and set a $13.00 price target on shares of Cypress Semiconductor Corp. in a research report on Friday, September 16th. Craig Hallum boosted their price target on shares of Cypress Semiconductor Corp. from $12.00 to $14.00 and gave the stock a “buy” rating in a research report on Friday, July 29th. Zacks Investment Research raised shares of Cypress Semiconductor Corp. from a “hold” rating to a “buy” rating and set a $10.00 price target on the stock in a research report on Tuesday, June 28th. Needham & Company LLC boosted their price target on shares of Cypress Semiconductor Corp. from $12.00 to $14.00 and gave the stock a “buy” rating in a research report on Friday, July 29th. Finally, Morgan Stanley reissued an “equal weight” rating on shares of Cypress Semiconductor Corp. in a research report on Monday, August 15th. Six analysts have rated the stock with a hold rating, nine have given a buy rating and one has assigned a strong buy rating to the stock. The stock currently has a consensus rating of “Buy” and an average price target of $11.43.

Hedge funds have recently made changes to their positions in the company. Lombard Odier Asset Management USA Corp bought a new stake in shares of Cypress Semiconductor Corp. during the second quarter valued at approximately $106,000. Passport Capital LLC bought a new stake in shares of Cypress Semiconductor Corp. during the second quarter valued at approximately $114,000. Private Advisor Group LLC bought a new stake in shares of Cypress Semiconductor Corp. during the second quarter valued at approximately $112,000. First Allied Advisory Services Inc. bought a new stake in shares of Cypress Semiconductor Corp. during the second quarter valued at approximately $124,000. Finally, Bellwether Investment Group LLC bought a new stake in shares of Cypress Semiconductor Corp. during the second quarter valued at approximately $141,000. 96.60% of the stock is currently owned by institutional investors and hedge funds.

Cypress Semiconductor Corp. Company Profile

Cypress Semiconductor Corporation delivers solutions from automotive, industrial and networking platforms to interactive consumer and mobile devices. The Company’s segments include Programmable Systems Division, Memory Products Division, Data Communications Division and Emerging Technologies Division.

5 Day Chart for NASDAQ:CY

Receive News & Stock Ratings for Cypress Semiconductor Corp. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Cypress Semiconductor Corp. and related stocks with our FREE daily email newsletter.