Cypress Semiconductor (CY) Earning Somewhat Favorable Press Coverage, Report Shows
News articles about Cypress Semiconductor (NASDAQ:CY) have been trending somewhat positive on Thursday, Alpha One Sentiment Analysis reports. The research firm, a unit of Accern, ranks the sentiment of news coverage by monitoring more than twenty million news and blog sources in real time. Alpha One ranks coverage of companies on a scale of negative one to positive one, with scores closest to one being the most favorable. Cypress Semiconductor earned a news impact score of 0.16 on Alpha One’s scale. Alpha One also assigned news articles about the semiconductor company an impact score of 83 out of 100, meaning that recent news coverage is very likely to have an impact on the company’s share price in the next few days.
These are some of the news articles that may have impacted AlphaOne’s scoring:
- Cypress Semiconductor Corp. – Value Analysis (NASDAQ:CY) : April 19, 2017 (finance.yahoo.com)
- Cypress Files Definitive Proxy Materials and Sends Letter to Stockholders (finance.yahoo.com)
- BRIEF-Cypress resolves lawsuit brought by departed CEO T.J. Rodgers (reuters.com)
- Cypress Semiconductor : Resolves Lawsuit Brought by Departed CEO T.J. Rodgers (4-traders.com)
- Cypress Resolves Lawsuit Brought by Departed CEO T.J. Rodgers (finance.yahoo.com)
Several research firms have recently weighed in on CY. Barclays PLC lifted their target price on Cypress Semiconductor from $12.00 to $14.00 and gave the stock an “equal weight” rating in a research report on Wednesday. Mizuho reiterated a “buy” rating and set a $15.00 target price on shares of Cypress Semiconductor in a research report on Tuesday, December 27th. Zacks Investment Research downgraded Cypress Semiconductor from a “buy” rating to a “hold” rating in a research report on Wednesday, December 28th. Pacific Crest reiterated an “overweight” rating and set a $17.00 target price (up from $14.00) on shares of Cypress Semiconductor in a research report on Wednesday, March 29th. Finally, Needham & Company LLC reiterated a “buy” rating and set a $14.00 target price on shares of Cypress Semiconductor in a research report on Friday, February 3rd. Four research analysts have rated the stock with a hold rating and ten have issued a buy rating to the company’s stock. The stock presently has an average rating of “Buy” and a consensus target price of $15.00.
Cypress Semiconductor (NASDAQ:CY) traded up 2.32% during trading on Thursday, reaching $14.09. The company’s stock had a trading volume of 5,796,854 shares. The stock’s market capitalization is $4.62 billion. The stock has a 50 day moving average price of $13.75 and a 200 day moving average price of $12.02. Cypress Semiconductor has a 1-year low of $8.44 and a 1-year high of $14.98.
Cypress Semiconductor (NASDAQ:CY) last released its quarterly earnings results on Thursday, February 2nd. The semiconductor company reported $0.15 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.14 by $0.01. The firm had revenue of $530.17 million for the quarter, compared to the consensus estimate of $525.63 million. Cypress Semiconductor had a positive return on equity of 3.52% and a negative net margin of 35.69%. The firm’s quarterly revenue was up .0% compared to the same quarter last year. During the same quarter last year, the business posted $0.15 EPS. Analysts anticipate that Cypress Semiconductor will post $0.68 earnings per share for the current fiscal year.
The company also recently declared a quarterly dividend, which will be paid on Thursday, April 20th. Investors of record on Thursday, March 30th will be paid a dividend of $0.11 per share. The ex-dividend date is Tuesday, March 28th. This represents a $0.44 dividend on an annualized basis and a yield of 3.12%. Cypress Semiconductor’s dividend payout ratio is presently -20.37%.
In related news, Director Eric Benhamou sold 50,000 shares of the firm’s stock in a transaction that occurred on Monday, March 20th. The stock was sold at an average price of $14.18, for a total transaction of $709,000.00. Following the transaction, the director now owns 118,538 shares in the company, valued at approximately $1,680,868.84. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Company insiders own 6.33% of the company’s stock.
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About Cypress Semiconductor
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.
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