Cypress Semiconductor Co. (NASDAQ:CY) CFO Trent Thad sold 50,000 shares of the stock in a transaction that occurred on Monday, October 28th. The stock was sold at an average price of $23.27, for a total value of $1,163,500.00. Following the completion of the sale, the chief financial officer now directly owns 276,620 shares of the company’s stock, valued at $6,436,947.40. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink.
Trent Thad also recently made the following trade(s):
- On Monday, October 14th, Trent Thad sold 40,000 shares of Cypress Semiconductor stock. The stock was sold at an average price of $23.43, for a total value of $937,200.00.
Shares of CY traded down $0.10 on Monday, reaching $23.25. 10,130,700 shares of the company’s stock traded hands, compared to its average volume of 5,906,383. The company has a current ratio of 1.91, a quick ratio of 1.31 and a debt-to-equity ratio of 0.41. The stock has a market cap of $8.66 billion, a PE ratio of 20.04 and a beta of 1.82. The stock’s 50 day simple moving average is $23.35 and its two-hundred day simple moving average is $21.12. Cypress Semiconductor Co. has a 52-week low of $11.86 and a 52-week high of $23.50.
Cypress Semiconductor (NASDAQ:CY) last issued its quarterly earnings results on Thursday, October 24th. The semiconductor company reported $0.30 EPS for the quarter, meeting the Zacks’ consensus estimate of $0.30. The company had revenue of $574.52 million during the quarter, compared to the consensus estimate of $570.66 million. Cypress Semiconductor had a return on equity of 17.31% and a net margin of 12.74%. Cypress Semiconductor’s revenue was down 14.6% on a year-over-year basis. During the same period last year, the business posted $0.40 earnings per share. Analysts forecast that Cypress Semiconductor Co. will post 0.9 earnings per share for the current year.
The firm also recently declared a quarterly dividend, which was paid on Thursday, October 17th. Investors of record on Thursday, September 26th were given a dividend of $0.11 per share. This represents a $0.44 dividend on an annualized basis and a dividend yield of 1.89%. The ex-dividend date of this dividend was Wednesday, September 25th. Cypress Semiconductor’s payout ratio is 37.93%.
Several institutional investors and hedge funds have recently modified their holdings of the stock. Enlightenment Research LLC purchased a new stake in Cypress Semiconductor in the second quarter worth $196,000. Boussard & Gavaudan Investment Management LLP purchased a new stake in Cypress Semiconductor in the second quarter worth $1,258,000. Zurcher Kantonalbank Zurich Cantonalbank increased its position in Cypress Semiconductor by 4.5% in the second quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 23,780 shares of the semiconductor company’s stock worth $529,000 after buying an additional 1,018 shares during the last quarter. Man Group plc increased its position in Cypress Semiconductor by 422.0% in the second quarter. Man Group plc now owns 543,210 shares of the semiconductor company’s stock worth $12,081,000 after buying an additional 439,151 shares during the last quarter. Finally, Alpha Windward LLC increased its position in Cypress Semiconductor by 2,355.3% in the second quarter. Alpha Windward LLC now owns 30,912 shares of the semiconductor company’s stock worth $711,000 after buying an additional 29,653 shares during the last quarter. 81.01% of the stock is owned by institutional investors.
Several analysts have recently commented on the company. Zacks Investment Research raised Cypress Semiconductor from a “hold” rating to a “buy” rating and set a $24.00 price objective for the company in a research note on Tuesday, July 30th. BidaskClub downgraded Cypress Semiconductor from a “buy” rating to a “hold” rating in a research note on Saturday, October 12th. Mizuho reissued a “hold” rating and issued a $23.85 price objective on shares of Cypress Semiconductor in a research note on Friday. Finally, ValuEngine downgraded Cypress Semiconductor from a “buy” rating to a “hold” rating in a research note on Wednesday, October 2nd. Eleven analysts have rated the stock with a hold rating and two have assigned a buy rating to the company’s stock. The stock presently has a consensus rating of “Hold” and a consensus price target of $21.61.
Cypress Semiconductor Company Profile
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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