Cypress Semiconductor (CY) Given Coverage Optimism Score of 0.17
Media coverage about Cypress Semiconductor (NASDAQ:CY) has been trending somewhat positive recently, Accern Sentiment Analysis reports. The research firm identifies negative and positive press coverage by analyzing more than twenty million blog and news sources. Accern ranks coverage of publicly-traded companies on a scale of negative one to positive one, with scores nearest to one being the most favorable. Cypress Semiconductor earned a coverage optimism score of 0.17 on Accern’s scale. Accern also assigned news articles about the semiconductor company an impact score of 46.4840527204781 out of 100, meaning that recent press coverage is somewhat unlikely to have an effect on the company’s share price in the near future.
Here are some of the media stories that may have effected Accern’s analysis:
- Stock Review for Semiconductor’s Investors — Mellanox Technologies, AU Optronics, Cypress Semiconductor, and ON … – SYS-CON Media (press release) (news.sys-con.com)
- Uber’s first chief diversity officer; Arup expands water leadership – GreenBiz (greenbiz.com)
- Global Non-Volatile Memory Market Outlook 2018- Avalanche Technology, Crossbar Inc., Cypress Semiconductor … – Technology 24 (ittechnology24.com)
- Cypress Semiconductor Co. (CY) EVP Sudhir Gopalswamy Sells 3,000 Shares (americanbankingnews.com)
- Secure Thingz and Data I/O to Support End-to-End Security Solution for Cypress’ PSoC 6 MCUs – Marketwired (press release) (marketwired.com)
Shares of Cypress Semiconductor (NASDAQ:CY) traded up $0.40 during trading hours on Friday, hitting $17.25. 4,482,993 shares of the stock traded hands, compared to its average volume of 6,590,000. Cypress Semiconductor has a 52 week low of $12.46 and a 52 week high of $17.90. The company has a debt-to-equity ratio of 0.53, a current ratio of 0.94 and a quick ratio of 0.59. The firm has a market cap of $5,760.00, a P/E ratio of -55.65, a PEG ratio of 1.08 and a beta of 2.17.
The company also recently announced a quarterly dividend, which will be paid on Thursday, April 19th. Stockholders of record on Thursday, March 29th will be paid a $0.11 dividend. The ex-dividend date of this dividend is Wednesday, March 28th. This represents a $0.44 annualized dividend and a dividend yield of 2.55%. Cypress Semiconductor’s dividend payout ratio is presently -141.94%.
A number of equities research analysts have weighed in on CY shares. Loop Capital reiterated a “buy” rating and set a $20.00 price target (up previously from $17.00) on shares of Cypress Semiconductor in a research note on Friday, October 27th. Zacks Investment Research upgraded shares of Cypress Semiconductor from a “strong sell” rating to a “buy” rating and set a $19.00 price target on the stock in a research note on Wednesday, January 31st. Needham & Company LLC reiterated a “buy” rating and set a $20.00 price target on shares of Cypress Semiconductor in a research note on Friday, October 27th. Morgan Stanley reiterated an “underweight” rating and set a $14.50 price target on shares of Cypress Semiconductor in a research note on Wednesday, December 13th. Finally, BidaskClub upgraded shares of Cypress Semiconductor from a “buy” rating to a “strong-buy” rating in a research note on Wednesday, November 1st. One analyst has rated the stock with a sell rating, four have assigned a hold rating, ten have assigned a buy rating and one has assigned a strong buy rating to the company. Cypress Semiconductor presently has an average rating of “Buy” and an average target price of $19.04.
In other news, SVP Sudhir Gopalswamy sold 3,000 shares of the business’s stock in a transaction on Monday, December 18th. The shares were sold at an average price of $15.51, for a total value of $46,530.00. Following the sale, the senior vice president now owns 68,445 shares in the company, valued at approximately $1,061,581.95. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Insiders sold a total of 9,000 shares of company stock worth $146,520 in the last 90 days. 0.69% of the stock is owned by corporate insiders.
About Cypress Semiconductor
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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