Cypress Semiconductor Corp. (NASDAQ:CY) saw a significant decrease in short interest in September. As of September 30th, there was short interest totalling 37,568,622 shares, a decrease of 8.3% from the September 15th total of 40,954,089 shares. Currently, 12.2% of the shares of the stock are sold short. Based on an average daily trading volume, of 4,272,608 shares, the short-interest ratio is currently 8.8 days.

A number of equities analysts have recently weighed in on CY shares. Roth Capital reaffirmed a “buy” rating and issued a $13.00 price target on shares of Cypress Semiconductor Corp. in a research note on Friday, September 16th. Craig Hallum upped 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 note 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 note on Tuesday, June 28th. Needham & Company LLC upped 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 note on Friday, July 29th. Finally, Morgan Stanley reaffirmed an “equal weight” rating on shares of Cypress Semiconductor Corp. in a research note on Monday, August 15th. Six research 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 company’s stock. Cypress Semiconductor Corp. has an average rating of “Buy” and a consensus price target of $11.43.

Shares of Cypress Semiconductor Corp. (NASDAQ:CY) opened at 10.83 on Friday. The company’s market capitalization is $3.48 billion. The firm’s 50-day moving average is $11.73 and its 200-day moving average is $10.49. Cypress Semiconductor Corp. has a 12-month low of $6.30 and a 12-month high of $12.48.

Cypress Semiconductor Corp. (NASDAQ:CY) last issued its quarterly earnings data on Thursday, July 28th. The company reported $0.12 EPS for the quarter, hitting 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 business had revenue of $450.10 million for the quarter, compared to analyst estimates of $455.15 million. During the same period last year, the business posted $0.15 earnings per share. The firm’s quarterly revenue was down 7.1% on a year-over-year basis. On average, equities research analysts anticipate that Cypress Semiconductor Corp. will post $0.46 EPS for the current fiscal year.

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, October 20th. Investors of record on Thursday, September 29th will be issued a dividend of $0.11 per share. The ex-dividend date of this dividend is Tuesday, September 27th. This represents a $0.44 dividend on an annualized basis and a dividend yield of 4.06%. Cypress Semiconductor Corp.’s payout ratio is -20.85%.

In other Cypress Semiconductor Corp. news, CFO Trent Thad sold 11,390 shares of the business’s stock in a transaction on Monday, October 10th. The shares were 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 of the company’s stock, valued at approximately $2,148,398.98. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. Also, Director Eric Benhamou sold 50,000 shares of the company’s stock in a transaction on Monday, September 19th. The stock was sold at an average price of $11.83, for a total transaction of $591,500.00. Following the completion of the transaction, the director now directly owns 218,538 shares in the company, valued at $2,585,304.54. The disclosure for this sale can be found here. 6.33% of the stock is owned by company insiders.

Several large investors have recently modified their holdings of the company. Lombard Odier Asset Management USA Corp bought a new stake in shares of Cypress Semiconductor Corp. during the second quarter worth approximately $106,000. Passport Capital LLC bought a new stake in shares of Cypress Semiconductor Corp. during the second quarter worth approximately $114,000. Private Advisor Group LLC bought a new stake in shares of Cypress Semiconductor Corp. during the second quarter worth approximately $112,000. First Allied Advisory Services Inc. bought a new stake in shares of Cypress Semiconductor Corp. during the second quarter worth approximately $124,000. Finally, Bellwether Investment Group LLC bought a new stake in shares of Cypress Semiconductor Corp. during the second quarter worth approximately $141,000. Institutional investors and hedge funds own 96.60% of the company’s stock.

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.