Cypress Semiconductor Co. (NASDAQ:CY) EVP Sudhir Gopalswamy sold 3,000 shares of the company’s stock in a transaction dated Tuesday, September 17th. The shares were sold at an average price of $23.38, for a total transaction of $70,140.00. Following the transaction, the executive vice president now owns 158,604 shares in the company, valued at approximately $3,708,161.52. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website.

Sudhir Gopalswamy also recently made the following trade(s):

  • On Friday, August 16th, Sudhir Gopalswamy sold 3,000 shares of Cypress Semiconductor stock. The shares were sold at an average price of $22.93, for a total transaction of $68,790.00.
  • On Tuesday, July 16th, Sudhir Gopalswamy sold 3,000 shares of Cypress Semiconductor stock. The shares were sold at an average price of $22.45, for a total transaction of $67,350.00.

Shares of NASDAQ CY traded down $0.01 during midday trading on Thursday, hitting $23.30. 204,879 shares of the company’s stock traded hands, compared to its average volume of 4,664,409. The firm has a fifty day moving average of $22.99 and a 200 day moving average of $19.50. The stock has a market capitalization of $8.61 billion, a price-to-earnings ratio of 20.09 and a beta of 1.85. Cypress Semiconductor Co. has a 1 year low of $11.75 and a 1 year high of $23.40. The company has a debt-to-equity ratio of 0.41, a quick ratio of 1.31 and a current ratio of 1.91.

Cypress Semiconductor (NASDAQ:CY) last released its earnings results on Thursday, July 25th. The semiconductor company reported $0.18 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $0.19 by ($0.01). The firm had revenue of $532.20 million during the quarter, compared to analysts’ expectations of $530.96 million. Cypress Semiconductor had a return on equity of 19.36% and a net margin of 13.83%. The company’s revenue was down 14.7% compared to the same quarter last year. During the same period in the prior year, the company posted $0.33 earnings per share. On average, equities analysts anticipate that Cypress Semiconductor Co. will post 0.9 earnings per share for the current year.

The company also recently announced a quarterly dividend, which will be paid on Thursday, October 17th. Investors of record on Thursday, September 26th will be issued a $0.11 dividend. This represents a $0.44 annualized dividend and a yield of 1.89%. The ex-dividend date is Wednesday, September 25th. Cypress Semiconductor’s dividend payout ratio is 37.93%.

Several research firms have issued reports on CY. Mizuho restated a “hold” rating and set a $23.85 target price on shares of Cypress Semiconductor in a research note on Monday, July 29th. Barclays restated a “hold” rating and set a $23.00 target price on shares of Cypress Semiconductor in a research note on Thursday, June 6th. Piper Jaffray Companies cut shares of Cypress Semiconductor from an “overweight” rating to a “neutral” rating in a research note on Monday, June 3rd. Susquehanna Bancshares lowered shares of Cypress Semiconductor from a “positive” rating to a “neutral” rating in a research report on Monday, June 3rd. Finally, Craig Hallum lowered shares of Cypress Semiconductor from a “buy” rating to a “hold” rating in a research report on Monday, June 3rd. One research analyst has rated the stock with a sell rating, ten have issued a hold rating and four have given a buy rating to the company’s stock. The company currently has a consensus rating of “Hold” and an average price target of $20.75.

A number of institutional investors have recently added to or reduced their stakes in the stock. Enlightenment Research LLC bought a new position in shares of Cypress Semiconductor during the 2nd quarter valued at approximately $196,000. Boussard & Gavaudan Investment Management LLP bought a new position in shares of Cypress Semiconductor during the 2nd quarter valued at approximately $1,258,000. Ceredex Value Advisors LLC boosted its position in shares of Cypress Semiconductor by 7.4% during the 1st quarter. Ceredex Value Advisors LLC now owns 5,527,700 shares of the semiconductor company’s stock valued at $83,075,000 after acquiring an additional 378,900 shares during the last quarter. Zurcher Kantonalbank Zurich Cantonalbank boosted its position in shares of Cypress Semiconductor by 4.5% during the 2nd quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 23,780 shares of the semiconductor company’s stock valued at $529,000 after acquiring an additional 1,018 shares during the last quarter. Finally, ETF Managers Group LLC boosted its position in shares of Cypress Semiconductor by 8.6% during the 1st quarter. ETF Managers Group LLC now owns 8,579 shares of the semiconductor company’s stock valued at $128,000 after acquiring an additional 680 shares during the last quarter. 80.94% of the stock is owned by institutional investors.

About Cypress Semiconductor

Cypress Semiconductor Corporation designs, develops, manufactures, markets, and sells embedded system solutions worldwide. It operates in two segments, Microcontroller and Connectivity Division, and Memory Products Division. The Microcontroller and Connectivity Division provides microcontroller (MCU), analog, and wireless and wired connectivity solutions, including Traveo automotive MCUs; programmable system-on-chip and general-purpose MCUs; analog power management integrated circuits and energy harvesting solutions; CapSense capacitive-sensing controllers; TrueTouch touchscreens; Wi-Fi, Bluetooth, and Bluetooth low energy; and USB controllers comprising solutions for the USB-C and USB power delivery standards, as well as wireless Internet of things connectivity solutions.

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