Cypress Semiconductor Co. (NASDAQ:CY)‘s stock had its “overweight” rating restated by investment analysts at Stephens in a research note issued on Tuesday, May 9th.
CY has been the subject of a number of other reports. Loop Capital restated a “buy” rating and issued a $16.00 target price on shares of Cypress Semiconductor in a research note on Wednesday, March 29th. Zacks Investment Research upgraded Cypress Semiconductor from a “sell” rating to a “buy” rating and set a $15.00 target price for the company in a research note on Tuesday, March 7th. Needham & Company LLC restated a “buy” rating and issued a $18.00 target price (up from $14.00) on shares of Cypress Semiconductor in a research note on Wednesday, March 29th. Barclays PLC reaffirmed a “hold” rating and set a $12.00 price target on shares of Cypress Semiconductor in a report on Friday, January 20th. Finally, Credit Suisse Group AG reaffirmed a “neutral” rating on shares of Cypress Semiconductor in a report on Thursday, March 30th. Four equities research analysts have rated the stock with a hold rating and ten have issued a buy rating to the stock. The company currently has a consensus rating of “Buy” and a consensus target price of $15.46.
Cypress Semiconductor (NASDAQ:CY) traded down 1.34% during mid-day trading on Tuesday, reaching $13.94. The company’s stock had a trading volume of 5,912,979 shares. The firm’s market capitalization is $4.59 billion. The stock’s 50-day moving average is $13.64 and its 200-day moving average is $12.66. Cypress Semiconductor has a 12 month low of $9.11 and a 12 month high of $14.98.
Cypress Semiconductor (NASDAQ:CY) last issued its earnings results on Thursday, April 27th. The semiconductor company reported $0.08 EPS for the quarter, beating the Zacks’ consensus estimate of $0.02 by $0.06. Cypress Semiconductor had a positive return on equity of 3.52% and a negative net margin of 35.69%. The company had revenue of $532 million during the quarter, compared to the consensus estimate of $511.41 million. During the same period in the previous year, the firm posted $0.07 earnings per share. On average, equities analysts anticipate that Cypress Semiconductor will post $0.71 EPS for the current year.
The business also recently declared a quarterly dividend, which will be paid on Thursday, July 20th. Shareholders of record on Thursday, June 29th will be issued a $0.11 dividend. The ex-dividend date of this dividend is Tuesday, June 27th. This represents a $0.44 annualized dividend and a dividend yield of 3.16%. Cypress Semiconductor’s dividend payout ratio is currently -20.37%.
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In other Cypress Semiconductor news, Director Eric Benhamou sold 50,000 shares of the company’s stock in a transaction on Monday, March 20th. The stock was sold at an average price of $14.18, for a total value of $709,000.00. Following the transaction, the director now owns 118,538 shares of the company’s stock, valued at $1,680,868.84. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. 6.33% of the stock is currently owned by corporate insiders.
A number of institutional investors have recently bought and sold shares of the company. Creative Planning boosted its position in Cypress Semiconductor by 2.0% in the first quarter. Creative Planning now owns 12,259 shares of the semiconductor company’s stock valued at $169,000 after buying an additional 241 shares during the last quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS boosted its position in Cypress Semiconductor by 0.7% in the first quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS now owns 47,897 shares of the semiconductor company’s stock valued at $659,000 after buying an additional 346 shares during the last quarter. Private Advisor Group LLC boosted its position in Cypress Semiconductor by 3.2% in the first quarter. Private Advisor Group LLC now owns 11,487 shares of the semiconductor company’s stock valued at $153,000 after buying an additional 360 shares during the last quarter. World Asset Management Inc boosted its position in Cypress Semiconductor by 3.3% in the first quarter. World Asset Management Inc now owns 20,142 shares of the semiconductor company’s stock valued at $277,000 after buying an additional 639 shares during the last quarter. Finally, IFP Advisors Inc boosted its position in Cypress Semiconductor by 11.6% in the first quarter. IFP Advisors Inc now owns 7,614 shares of the semiconductor company’s stock valued at $105,000 after buying an additional 794 shares during the last quarter. Hedge funds and other institutional investors own 92.40% of the company’s stock.
Cypress Semiconductor 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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