Cypress Semiconductor Corp. (NASDAQ:CY) declared a quarterly dividend on Tuesday, August 9th. Investors of record on Thursday, September 29th will be given a dividend of 0.11 per share on Thursday, October 20th. This represents a $0.44 annualized dividend and a dividend yield of 3.70%. The ex-dividend date of this dividend is Tuesday, September 27th.

Cypress Semiconductor Corp. (NASDAQ:CY) opened at 11.90 on Thursday. The firm’s 50-day moving average is $11.55 and its 200 day moving average is $10.16. Cypress Semiconductor Corp. has a 12-month low of $6.30 and a 12-month high of $12.48. The company’s market cap is $3.82 billion.

Cypress Semiconductor Corp. (NASDAQ:CY) last announced its earnings results on Thursday, July 28th. The company reported $0.12 EPS for the quarter, meeting analysts’ consensus estimates of $0.12. The company earned $450.10 million during the quarter, compared to the consensus estimate of $455.15 million. Cypress Semiconductor Corp. had a positive return on equity of 3.26% and a negative net margin of 37.59%. The firm’s revenue for the quarter was down 7.1% on a year-over-year basis. During the same quarter in the prior year, the company earned $0.15 earnings per share. On average, equities analysts expect that Cypress Semiconductor Corp. will post $0.46 earnings per share for the current fiscal year.

A number of brokerages have issued reports on CY. Roth Capital assumed coverage on shares of Cypress Semiconductor Corp. in a research note on Wednesday, August 31st. They issued a “buy” rating and a $13.00 price target on the stock. Needham & Company LLC raised their price target on shares of Cypress Semiconductor Corp. from $12.00 to $14.00 and gave the company a “buy” rating in a research note on Friday, July 29th. Pacific Crest raised their price target on shares of Cypress Semiconductor Corp. from $11.00 to $14.00 and gave the company an “overweight” rating in a research note on Friday, July 29th. Craig Hallum raised their price target on shares of Cypress Semiconductor Corp. from $12.00 to $14.00 and gave the company a “buy” rating in a research note on Friday, July 29th. Finally, Zacks Investment Research downgraded shares of Cypress Semiconductor Corp. from a “hold” rating to a “sell” rating in a research note on Tuesday, July 26th. Six analysts have rated the stock with a hold rating, nine have issued a buy rating and one has issued a strong buy rating to the company. Cypress Semiconductor Corp. currently has an average rating of “Buy” and an average target price of $11.43.

In other Cypress Semiconductor Corp. news, Director H Raymond Bingham sold 15,000 shares of the stock in a transaction on Friday, July 1st. The stock was sold at an average price of $10.40, for a total value of $156,000.00. Following the completion of the transaction, the director now owns 40,276 shares in the company, valued at $418,870.40. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. Also, Director Eric Benhamou sold 50,000 shares of the stock in a transaction on Monday, September 19th. The stock was sold at an average price of $11.83, for a total value of $591,500.00. Following the completion of the transaction, the director now owns 218,538 shares of the company’s stock, valued at approximately $2,585,304.54. The disclosure for this sale can be found here. Corporate insiders own 6.33% of the company’s stock.

Institutional investors have recently bought and sold shares of the company. BlackRock Fund Advisors boosted its stake in Cypress Semiconductor Corp. by 3.9% in the second quarter. BlackRock Fund Advisors now owns 11,762,252 shares of the company’s stock worth $124,092,000 after buying an additional 444,303 shares in the last quarter. Ameritas Investment Partners Inc. boosted its stake in Cypress Semiconductor Corp. by 3.9% in the second quarter. Ameritas Investment Partners Inc. now owns 49,507 shares of the company’s stock worth $522,000 after buying an additional 1,872 shares in the last quarter. Janney Montgomery Scott LLC boosted its stake in Cypress Semiconductor Corp. by 170.0% in the second quarter. Janney Montgomery Scott LLC now owns 49,166 shares of the company’s stock worth $518,000 after buying an additional 30,953 shares in the last quarter. OMERS ADMINISTRATION Corp bought a new stake in Cypress Semiconductor Corp. during the second quarter worth approximately $1,144,000. Finally, BlueMountain Capital Management LLC bought a new stake in Cypress Semiconductor Corp. during the second quarter worth approximately $449,000. Institutional investors and hedge funds own 96.60% of the company’s stock.

Cypress Semiconductor Corp. Company Profile

Cypress Semiconductor Corporation delivers solutions from automotive, industrial and networking platforms to interactive consumer and mobile devices. The Company’s segments include Programmable Systems Division, Memory Products Division, Data Communications Division and Emerging Technologies Division.

5 Day Chart for NASDAQ:CY

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