Cypress Semiconductor Corporation (NASDAQ:CY) Director Michael S. Wishart sold 30,000 shares of the firm’s stock in a transaction dated Tuesday, August 1st. The stock was sold at an average price of $14.07, for a total transaction of $422,100.00. Following the completion of the sale, the director now directly owns 65,256 shares of the company’s stock, valued at approximately $918,151.92. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink.

Cypress Semiconductor Corporation (CY) traded down 0.42% during mid-day trading on Thursday, hitting $14.10. 3,771,565 shares of the stock traded hands. The stock’s market cap is $4.69 billion. Cypress Semiconductor Corporation has a 12 month low of $9.63 and a 12 month high of $15.11. The stock has a 50-day moving average price of $13.92 and a 200-day moving average price of $13.47.

Cypress Semiconductor Corporation (NASDAQ:CY) last posted its quarterly earnings data on Thursday, July 27th. The semiconductor company reported $0.21 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.16 by $0.05. The firm had revenue of $593.80 million during the quarter, compared to analysts’ expectations of $546.82 million. Cypress Semiconductor Corporation had a negative net margin of 6.04% and a positive return on equity of 6.27%. The firm’s quarterly revenue was up 11.6% on a year-over-year basis. During the same quarter last year, the company posted $0.13 EPS. On average, equities analysts forecast that Cypress Semiconductor Corporation will post $0.80 earnings per share for the current year.

The business also recently disclosed a quarterly dividend, which was paid on Thursday, July 20th. Investors of record on Thursday, June 29th were given a dividend of $0.11 per share. The ex-dividend date was Tuesday, June 27th. This represents a $0.44 dividend on an annualized basis and a dividend yield of 3.12%. Cypress Semiconductor Corporation’s payout ratio is currently -110.00%.

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Several analysts have issued reports on the stock. TheStreet raised shares of Cypress Semiconductor Corporation from a “c” rating to a “b-” rating in a research note on Thursday, July 27th. Loop Capital reissued a “buy” rating and issued a $17.00 price objective on shares of Cypress Semiconductor Corporation in a research note on Friday, July 28th. Needham & Company LLC raised their price objective on shares of Cypress Semiconductor Corporation from $18.00 to $20.00 and gave the stock a “buy” rating in a research note on Friday, July 28th. Craig Hallum raised their price objective on shares of Cypress Semiconductor Corporation from $17.00 to $20.00 and gave the stock a “buy” rating in a research note on Friday, July 28th. Finally, KeyCorp set a $17.00 price objective on shares of Cypress Semiconductor Corporation and gave the stock a “buy” rating in a research note on Wednesday, July 26th. Two analysts have rated the stock with a hold rating and twelve have issued a buy rating to the stock. Cypress Semiconductor Corporation has an average rating of “Buy” and a consensus target price of $16.67.

Several institutional investors have recently bought and sold shares of CY. IFP Advisors Inc boosted its position in Cypress Semiconductor Corporation by 11.6% in the first quarter. IFP Advisors Inc now owns 7,614 shares of the semiconductor company’s stock worth $105,000 after buying an additional 794 shares during the last quarter. Nordea Investment Management AB boosted its position in Cypress Semiconductor Corporation by 101.7% in the first quarter. Nordea Investment Management AB now owns 9,121 shares of the semiconductor company’s stock worth $126,000 after buying an additional 4,600 shares during the last quarter. ClariVest Asset Management LLC boosted its position in Cypress Semiconductor Corporation by 101.7% in the first quarter. ClariVest Asset Management LLC now owns 9,121 shares of the semiconductor company’s stock worth $126,000 after buying an additional 4,600 shares during the last quarter. ING Groep NV bought a new position in Cypress Semiconductor Corporation during the second quarter worth $138,000. Finally, Foresters Investment Management Company Inc. bought a new position in Cypress Semiconductor Corporation during the first quarter worth $140,000. 96.95% of the stock is owned by hedge funds and other institutional investors.

About Cypress Semiconductor Corporation

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 Corporation (NASDAQ:CY)

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