Cypress Semiconductor Co. (NASDAQ:CY) SVP Sudhir Gopalswamy sold 3,000 shares of Cypress Semiconductor stock in a transaction that occurred on Monday, December 18th. The stock was sold at an average price of $15.51, for a total value of $46,530.00. Following the transaction, the senior vice president now owns 68,445 shares of the company’s stock, valued at $1,061,581.95. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink.

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

  • On Thursday, November 16th, Sudhir Gopalswamy sold 3,000 shares of Cypress Semiconductor stock. The stock was sold at an average price of $16.60, for a total value of $49,800.00.

Cypress Semiconductor Co. (NASDAQ:CY) opened at $15.61 on Tuesday. The company has a quick ratio of 0.92, a current ratio of 1.35 and a debt-to-equity ratio of 0.60. The company has a market cap of $5,085.05, a PE ratio of 31.75, a price-to-earnings-growth ratio of 2.75 and a beta of 2.01. Cypress Semiconductor Co. has a 1 year low of $10.99 and a 1 year high of $17.42.

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

The firm also recently announced a quarterly dividend, which will be paid on Thursday, January 18th. Investors of record on Thursday, December 28th will be paid a dividend of $0.11 per share. This represents a $0.44 annualized dividend and a yield of 2.82%. The ex-dividend date of this dividend is Wednesday, December 27th. Cypress Semiconductor’s dividend payout ratio is presently -110.00%.

Large investors have recently modified their holdings of the stock. BlackRock Inc. lifted its position in Cypress Semiconductor by 0.8% in the 2nd 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 in the last quarter. TCW Group Inc. lifted its position in Cypress Semiconductor by 13.8% in the 3rd 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 in the last quarter. FMR LLC lifted its position in Cypress Semiconductor by 310.3% in the 2nd 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 in the last quarter. Ameriprise Financial Inc. lifted its position in Cypress Semiconductor by 34.1% in the 3rd 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 in the last quarter. Finally, State Street Corp lifted its position in Cypress Semiconductor by 3.4% in the 2nd 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 in the last quarter. Institutional investors and hedge funds own 97.37% of the company’s stock.

Several analysts have recently issued reports on the stock. Mizuho reissued a “buy” rating and set a $17.00 price objective on shares of Cypress Semiconductor in a research note on Tuesday, August 29th. Loop Capital reaffirmed a “buy” rating and set a $20.00 price target (up from $17.00) on shares of Cypress Semiconductor in a research report on Friday, October 27th. Needham & Company LLC reaffirmed a “buy” rating and set a $20.00 price target on shares of Cypress Semiconductor in a research report on Friday, October 27th. BidaskClub cut shares of Cypress Semiconductor from a “strong-buy” rating to a “buy” rating in a research report on Saturday, October 21st. Finally, Zacks Investment Research lowered shares of Cypress Semiconductor from a “strong-buy” rating to a “hold” rating in a report on Wednesday, November 1st. One equities research analyst has rated the stock with a sell rating, four have issued a hold rating, ten have issued a buy rating and one has given a strong buy rating to the stock. Cypress Semiconductor currently has a consensus rating of “Buy” and an average price target of $17.88.

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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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