Cypress Semiconductor Corporation (CY) SVP Sells $49,800.00 in Stock
Cypress Semiconductor Corporation (NASDAQ:CY) SVP Sudhir Gopalswamy sold 3,000 shares of the company’s stock in a transaction on Thursday, November 16th. The shares were sold at an average price of $16.60, for a total value of $49,800.00. Following the completion of the sale, the senior vice president now owns 70,607 shares of the company’s stock, valued at $1,172,076.20. The sale was disclosed in a filing with the SEC, which can be accessed through this link.
Cypress Semiconductor Corporation (NASDAQ CY) remained flat at $$16.61 during midday trading on Friday. The company’s stock had a trading volume of 5,034,900 shares, compared to its average volume of 6,484,208. The firm has a market capitalization of $5,542.18, a PE ratio of 34.60, a PEG ratio of 2.99 and a beta of 2.02. The company has a current ratio of 1.35, a quick ratio of 0.92 and a debt-to-equity ratio of 0.60. Cypress Semiconductor Corporation has a 1-year low of $10.51 and a 1-year high of $17.15.
Cypress Semiconductor Corporation (NASDAQ:CY) last posted its earnings results on Thursday, October 26th. The semiconductor company reported $0.27 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.23 by $0.04. Cypress Semiconductor Corporation had a positive return on equity of 9.01% and a negative net margin of 5.75%. The firm had revenue of $604.57 million for the quarter, compared to analyst estimates of $602.16 million. During the same quarter in the prior year, the company earned $0.15 EPS. Cypress Semiconductor Corporation’s revenue was up 14.0% on a year-over-year basis. equities analysts forecast that Cypress Semiconductor Corporation will post 0.56 earnings per share for the current fiscal year.
The company also recently announced a quarterly dividend, which will be paid on Thursday, January 18th. Investors of record on Thursday, December 28th will be paid a dividend of $0.11 per share. This represents a $0.44 annualized dividend and a yield of 2.65%. The ex-dividend date of this dividend is Wednesday, December 27th. Cypress Semiconductor Corporation’s payout ratio is -110.00%.
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Institutional investors and hedge funds have recently bought and sold shares of the stock. San Francisco Sentry Investment Group CA lifted its stake in Cypress Semiconductor Corporation by 1,061.4% during the 3rd quarter. San Francisco Sentry Investment Group CA now owns 6,655 shares of the semiconductor company’s stock worth $100,000 after acquiring an additional 6,082 shares in the last quarter. Ffcm LLC lifted its stake in Cypress Semiconductor Corporation by 139.2% during the 2nd quarter. Ffcm LLC now owns 8,145 shares of the semiconductor company’s stock worth $109,000 after acquiring an additional 4,740 shares in the last quarter. IFP Advisors Inc lifted its stake in Cypress Semiconductor Corporation by 13.3% during the 2nd quarter. IFP Advisors Inc now owns 8,628 shares of the semiconductor company’s stock worth $118,000 after acquiring an additional 1,014 shares in the last quarter. ING Groep NV acquired a new position in Cypress Semiconductor Corporation during the 2nd quarter worth about $138,000. Finally, Thompson Davis & CO. Inc. lifted its stake in Cypress Semiconductor Corporation by 45.6% during the 2nd quarter. Thompson Davis & CO. Inc. now owns 10,119 shares of the semiconductor company’s stock worth $138,000 after acquiring an additional 3,169 shares in the last quarter. 97.58% of the stock is currently owned by hedge funds and other institutional investors.
Several analysts have issued reports on CY shares. Craig Hallum upped their target price on Cypress Semiconductor Corporation from $17.00 to $20.00 and gave the company a “buy” rating in a report on Friday, July 28th. Mizuho restated a “buy” rating and issued a $17.00 target price on shares of Cypress Semiconductor Corporation in a report on Tuesday, August 29th. Needham & Company LLC restated a “buy” rating and issued a $20.00 target price on shares of Cypress Semiconductor Corporation in a report on Friday, October 27th. Credit Suisse Group upped their target price on Cypress Semiconductor Corporation from $14.00 to $15.00 and gave the company a “neutral” rating in a report on Friday, October 27th. Finally, BidaskClub upgraded Cypress Semiconductor Corporation from a “hold” rating to a “buy” rating in a report on Thursday, September 21st. One equities research analyst has rated the stock with a sell rating, three have issued a hold rating, nine have issued a buy rating and one has assigned a strong buy rating to the company. The company has an average rating of “Buy” and an average price target of $17.67.
Cypress Semiconductor Corporation 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.
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