Loop Capital reaffirmed their buy rating on shares of Cypress Semiconductor Corporation (NASDAQ:CY) in a research report sent to investors on Tuesday morning. They currently have a $17.00 target price on the semiconductor company’s stock.

Other analysts have also issued research reports about the company. KeyCorp reaffirmed an overweight rating and set a $17.00 price objective on shares of Cypress Semiconductor Corporation in a research note on Wednesday, July 12th. Zacks Investment Research raised Cypress Semiconductor Corporation from a hold rating to a buy rating and set a $15.00 price objective on the stock in a research note on Tuesday, May 2nd. Barclays PLC raised Cypress Semiconductor Corporation from an equal weight rating to an overweight rating in a research note on Friday, July 21st. Mizuho reaffirmed a buy rating and set a $16.00 price objective on shares of Cypress Semiconductor Corporation in a research note on Monday, April 24th. Finally, Stephens reaffirmed an overweight rating on shares of Cypress Semiconductor Corporation in a research note on Tuesday, May 9th. One research analyst has rated the stock with a hold rating and twelve have issued a buy rating to the company’s stock. The stock presently has an average rating of Buy and a consensus target price of $16.67.

Cypress Semiconductor Corporation (NASDAQ:CY) opened at 13.40 on Tuesday. The stock’s market cap is $4.46 billion. The stock has a 50 day moving average of $13.97 and a 200 day moving average of $13.65. Cypress Semiconductor Corporation has a 12-month low of $9.63 and a 12-month high of $15.11.

Cypress Semiconductor Corporation (NASDAQ:CY) last posted its earnings results on Thursday, July 27th. The semiconductor company reported $0.21 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.16 by $0.05. The company had revenue of $593.80 million for the quarter, compared to analyst estimates of $546.82 million. Cypress Semiconductor Corporation had a positive return on equity of 6.27% and a negative net margin of 6.04%. Cypress Semiconductor Corporation’s revenue was up 11.6% compared to the same quarter last year. During the same quarter in the prior year, the company earned $0.13 earnings per share. On average, equities research analysts anticipate that Cypress Semiconductor Corporation will post $0.80 earnings per share for the current fiscal year.

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The firm also recently announced a quarterly dividend, which will be paid on Thursday, October 19th. Investors of record on Thursday, September 28th will be given a dividend of $0.11 per share. The ex-dividend date is Wednesday, September 27th. This represents a $0.44 annualized dividend and a yield of 3.28%. Cypress Semiconductor Corporation’s dividend payout ratio (DPR) is presently -110.00%.

In related news, EVP Dana Nazarian sold 250,075 shares of the stock in a transaction dated Friday, August 4th. The stock was sold at an average price of $14.10, for a total transaction of $3,526,057.50. Following the transaction, the executive vice president now directly owns 302,657 shares in the company, valued at $4,267,463.70. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, Director Eric Benhamou sold 50,000 shares of the stock in a transaction dated Monday, June 19th. The stock was sold at an average price of $13.31, for a total value of $665,500.00. Following the transaction, the director now owns 89,997 shares in the company, valued at $1,197,860.07. The disclosure for this sale can be found here. Insiders have sold 336,460 shares of company stock worth $4,703,111 over the last quarter. 0.69% of the stock is currently owned by company insiders.

Several institutional investors have recently added to or reduced their stakes in the company. Vanguard Group Inc. increased its position in Cypress Semiconductor Corporation by 1.0% in the first quarter. Vanguard Group Inc. now owns 28,928,330 shares of the semiconductor company’s stock worth $398,053,000 after buying an additional 282,468 shares during the period. BlackRock Inc. increased its position in Cypress Semiconductor Corporation by 0.8% in the second quarter. BlackRock Inc. now owns 27,848,587 shares of the semiconductor company’s stock worth $380,133,000 after buying an additional 231,335 shares during the period. FMR LLC increased its position in Cypress Semiconductor Corporation by 310.3% in the second quarter. FMR LLC now owns 12,371,805 shares of the semiconductor company’s stock worth $168,875,000 after buying an additional 9,356,825 shares during the period. TCW Group Inc. increased its position in Cypress Semiconductor Corporation by 19.0% in the first quarter. TCW Group Inc. now owns 11,876,197 shares of the semiconductor company’s stock worth $163,416,000 after buying an additional 1,895,279 shares during the period. Finally, State Street Corp increased its position in Cypress Semiconductor Corporation by 3.4% in the second quarter. State Street Corp now owns 9,176,862 shares of the semiconductor company’s stock worth $125,265,000 after buying an additional 302,001 shares during the period. Institutional investors own 96.92% of the company’s stock.

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.

Analyst Recommendations for Cypress Semiconductor Corporation (NASDAQ:CY)

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