Cypress Semiconductor Co. (NASDAQ:CY) SVP Sudhir Gopalswamy sold 3,000 shares of the stock in a transaction that occurred on Tuesday, January 16th. The shares were sold at an average price of $17.08, for a total transaction of $51,240.00. Following the sale, the senior vice president now directly owns 65,445 shares of the company’s stock, valued at $1,117,800.60. The sale was disclosed in a document filed with the SEC, which is available through this link.

Sudhir Gopalswamy also recently made the following trade(s):

  • On Monday, December 18th, Sudhir Gopalswamy sold 3,000 shares of Cypress Semiconductor stock. The shares were sold at an average price of $15.51, for a total transaction of $46,530.00.
  • On Thursday, November 16th, Sudhir Gopalswamy sold 3,000 shares of Cypress Semiconductor stock. The shares were sold at an average price of $16.60, for a total transaction of $49,800.00.

Shares of Cypress Semiconductor Co. (NASDAQ CY) opened at $17.10 on Thursday. The stock has a market capitalization of $5,638.94, a price-to-earnings ratio of -42.75, a P/E/G ratio of 1.94 and a beta of 2.02. Cypress Semiconductor Co. has a 52-week low of $10.99 and a 52-week high of $17.42. The company has a debt-to-equity ratio of 0.60, a current ratio of 1.35 and a quick ratio of 0.92.

Cypress Semiconductor (NASDAQ:CY) last issued its quarterly earnings results on Thursday, October 26th. The semiconductor company reported $0.27 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.23 by $0.04. The company had revenue of $604.57 million during the quarter, compared to the consensus estimate of $602.16 million. Cypress Semiconductor had a positive return on equity of 9.01% and a negative net margin of 5.75%. Cypress Semiconductor’s revenue was up 14.0% on a year-over-year basis. During the same period last year, the company earned $0.15 earnings per share. analysts anticipate that Cypress Semiconductor Co. will post 0.56 EPS for the current year.

The business also recently declared a quarterly dividend, which will be paid on Thursday, January 18th. Investors of record on Thursday, December 28th will be given a $0.11 dividend. The ex-dividend date of this dividend is Wednesday, December 27th. This represents a $0.44 dividend on an annualized basis and a yield of 2.57%. Cypress Semiconductor’s dividend payout ratio is presently -110.00%.

CY has been the subject of a number of research reports. Loop Capital reiterated a “buy” rating and set a $20.00 target price on shares of Cypress Semiconductor in a research report on Monday, November 20th. Mizuho reiterated a “buy” rating and set a $20.00 target price (up from $18.00) on shares of Cypress Semiconductor in a research report on Friday, January 12th. BidaskClub upgraded Cypress Semiconductor from a “buy” rating to a “strong-buy” rating in a research report on Saturday, January 6th. Zacks Investment Research upgraded Cypress Semiconductor from a “hold” rating to a “strong-buy” rating and set a $19.00 target price for the company in a research report on Tuesday, October 31st. Finally, Barclays downgraded Cypress Semiconductor from an “overweight” rating to an “equal weight” rating and lowered their target price for the company from $18.00 to $17.00 in a research report on Tuesday, October 31st. Two equities research analysts have rated the stock with a sell rating, three have issued a hold rating, ten have issued a buy rating and one has issued a strong buy rating to the company’s stock. The company currently has an average rating of “Buy” and a consensus price target of $18.25.

A number of institutional investors and hedge funds have recently modified their holdings of the stock. BlackRock Inc. lifted its position in Cypress Semiconductor by 0.8% in the second quarter. BlackRock Inc. now owns 27,848,587 shares of the semiconductor company’s stock worth $380,133,000 after buying an additional 231,335 shares during the last quarter. TCW Group Inc. lifted its position in Cypress Semiconductor by 13.8% in the third quarter. TCW Group Inc. now owns 13,463,003 shares of the semiconductor company’s stock worth $202,214,000 after buying an additional 1,628,930 shares during the last quarter. FMR LLC lifted its position in Cypress Semiconductor by 310.3% in the second quarter. FMR LLC now owns 12,371,805 shares of the semiconductor company’s stock worth $168,875,000 after buying an additional 9,356,825 shares during the last quarter. Ameriprise Financial Inc. lifted its position in Cypress Semiconductor by 34.1% in the third quarter. Ameriprise Financial Inc. now owns 12,262,029 shares of the semiconductor company’s stock worth $184,179,000 after buying an additional 3,116,871 shares during the last quarter. Finally, State Street Corp lifted its position in Cypress Semiconductor by 3.4% in the second quarter. State Street Corp now owns 9,176,862 shares of the semiconductor company’s stock worth $125,265,000 after buying an additional 302,001 shares during the last quarter. Institutional investors own 97.38% of the company’s stock.

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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.

Insider Buying and Selling by Quarter for Cypress Semiconductor (NASDAQ:CY)

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