Cypress Semiconductor Co. (NASDAQ:CY) has been given a consensus rating of “Buy” by the seventeen research firms that are presently covering the company, MarketBeat reports. Two research analysts have rated the stock with a sell rating, three have given a hold rating, ten have given a buy rating and one has assigned a strong buy rating to the company. The average 1-year price objective among brokers that have covered the stock in the last year is $18.05.
A number of equities research analysts recently issued reports on CY shares. Loop Capital reissued a “buy” rating and set a $20.00 price target on shares of Cypress Semiconductor in a research note on Monday, November 20th. Susquehanna Bancshares started coverage on Cypress Semiconductor in a research note on Wednesday, December 13th. They set a “positive” rating and a $20.00 price target for the company. Zacks Investment Research lowered Cypress Semiconductor from a “hold” rating to a “sell” rating in a research note on Wednesday, December 27th. BidaskClub raised Cypress Semiconductor from a “hold” rating to a “buy” rating in a research note on Thursday, September 21st. Finally, Needham & Company LLC reissued a “buy” rating and set a $20.00 price target on shares of Cypress Semiconductor in a research note on Monday, September 18th.
In other Cypress Semiconductor news, SVP Sam Geha sold 8,269 shares of the firm’s stock in a transaction on Thursday, November 9th. The stock was sold at an average price of $16.70, for a total transaction of $138,092.30. Following the transaction, the senior vice president now directly owns 63,000 shares in the company, valued at approximately $1,052,100. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, SVP Sudhir Gopalswamy sold 3,000 shares of Cypress Semiconductor 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 completion of the transaction, the senior vice president now owns 68,445 shares in the company, valued at $1,061,581.95. The disclosure for this sale can be found here. Insiders have sold a total of 103,604 shares of company stock worth $1,666,027 over the last 90 days. 0.69% of the stock is currently owned by company insiders.
Large investors have recently made changes to their positions in the company. San Francisco Sentry Investment Group CA increased its holdings in shares of Cypress Semiconductor by 1,061.4% in the 3rd quarter. San Francisco Sentry Investment Group CA now owns 6,655 shares of the semiconductor company’s stock valued at $100,000 after acquiring an additional 6,082 shares during the period. Ffcm LLC increased its holdings in shares of Cypress Semiconductor by 139.2% in the 2nd quarter. Ffcm LLC now owns 8,145 shares of the semiconductor company’s stock valued at $109,000 after acquiring an additional 4,740 shares during the period. Thompson Davis & CO. Inc. increased its holdings in shares of Cypress Semiconductor by 45.6% in the 2nd quarter. Thompson Davis & CO. Inc. now owns 10,119 shares of the semiconductor company’s stock valued at $138,000 after acquiring an additional 3,169 shares during the period. Zurcher Kantonalbank Zurich Cantonalbank increased its holdings in shares of Cypress Semiconductor by 10.5% in the 2nd quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 12,207 shares of the semiconductor company’s stock valued at $167,000 after acquiring an additional 1,156 shares during the period. Finally, ClariVest Asset Management LLC increased its holdings in shares of Cypress Semiconductor by 80.6% in the 3rd quarter. ClariVest Asset Management LLC now owns 12,321 shares of the semiconductor company’s stock valued at $185,000 after acquiring an additional 5,500 shares during the period. Institutional investors and hedge funds own 97.37% of the company’s stock.
Shares of Cypress Semiconductor (NASDAQ CY) opened at $15.24 on Tuesday. The stock has a market capitalization of $5,085.05, a P/E ratio of -38.10, a PEG ratio of 2.75 and a beta of 2.02. Cypress Semiconductor has a one year low of $10.99 and a one year high of $17.42. The company has a quick ratio of 0.92, a current ratio of 1.35 and a debt-to-equity ratio of 0.60.
Cypress Semiconductor (NASDAQ:CY) last posted its quarterly earnings data on Thursday, October 26th. The semiconductor company reported $0.27 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.23 by $0.04. The business had revenue of $604.57 million during the quarter, compared to analyst estimates of $602.16 million. Cypress Semiconductor had a positive return on equity of 9.01% and a negative net margin of 5.75%. The company’s revenue for the quarter was up 14.0% on a year-over-year basis. During the same period last year, the company earned $0.15 EPS. sell-side analysts predict that Cypress Semiconductor will post 0.56 earnings per share for the current fiscal year.
The company also recently disclosed a quarterly dividend, which will be paid on Thursday, January 18th. Shareholders of record on Thursday, December 28th will be issued a dividend of $0.11 per share. The ex-dividend date is Wednesday, December 27th. This represents a $0.44 annualized dividend and a yield of 2.89%. Cypress Semiconductor’s payout ratio is currently -110.00%.
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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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